The diesel power engine is an internal combustion engine which compresses the air inside a cylindrical vessel to ignite the fuel. It converts chemical energy stored in the fuel into mechanical energy, which is used to power locomotives, freight trucks, large vessels, vehicles, etc. There are two types of diesel engines available in the market. Four-stroke engines complete the cycle with four separate strokes by turning the crankshaft and two-stroke engines complete a power cycle with two strokes of the piston during one crankshaft revolution. Diesel engines are capable of providing higher fuel economy and better operational performance, making them increasingly preferred among the end-users.
MARKET SCOPE
The "Global Diesel power engine Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the diesel power engine market with detailed market segmentation by operation, power, end-user, and geography. The report provides key statistics on the market status of the leading diesel power engine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on operation, the global diesel power engine market is segmented into standby, prime/ continous and peak shaving.
- On the basis of power, the market is segmented into up to 0.5 MW, 0.5 MW - 1 MW, 1 MW - 2 MW, 2 MW - 5 MW and above 5 MW.
- Based on end-user, the global diesel power engine market is segmented into industrial, commercial and residential.
MARKET DYNAMICS
Drivers:
- Growing demand for heavy-end equipment's across several industries is one of the primary factors driving the growth of the diesel power engine market.
- Diesel power engines reveal high thermal efficiency, which is also anticipated to fuel the growth of diesel power engine market demand.
- Increasing penetration across several application areas, including automobiles, construction, power, and gas, etc..
Restraints:
- The high cost of a diesel engine may restrain market growth over the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The diesel power engine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the diesel power engine market in these regions.
IMPACT OF COVID-19 ON DIESEL POWER ENGINE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the diesel power engine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from diesel power engine market are anticipated to lucrative growth opportunities in the future with the rising demand for diesel power engine in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the diesel power engine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AB Volvo
- Caterpillar
- Cummins Inc.
- Doosan Infracore
- Hyundai Heavy Industries
- MAN
- Mitsubishi Heavy Industries
- Scania Group
- W?rtsil?
- Yanmar Holdings Co., Ltd.