Summary - A new market study, titled “Global Diesel Power Engine Market Size study with COVID-19 Impact, by Operation (Standby, Prime /Continuous and Peak Shaving), by Power Rating (Below 0.5 MW, 0.5–1 MW, 1.0–2 MW, 2.0–5 MW and Above 5 MW), by Speed (Below 720 rpm, 720–1000 rpm and Above 1000 rpm), by End- User (Industrial, Commercial and Residential) and Regional Forecasts 2020-2027” has been featured on WiseGuyReports.
Global Diesel Power Engine Market is valued approximately USD 6.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.6 % over the forecast period 2020-2027. Diesel engine is internal-combustion engine in which air is compressed to a sufficiently high temperature to ignite diesel fuel injected into the cylinder, where combustion and expansion actuate a piston. Diesel power engine converts fuels chemical energy into mechanical energy, which can be used to power freight trucks, large tractors, locomotives, and marine vessels. Diesel power engines are used in various sectors such as commercial, industrial, and residential. The lower demand and impact from
changes in dealer inventories due to COVID-19 impacts the global diesel power engine market. Various organization witnessed high challenges due to coronavirus pandemic, resulting decline in revenue and layoff/job cuts. The rising demand for reliable and uninterrupted power, growing commercial sector investments and increasing urbanization and industrialization are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: in April 2019, Cummins India Limited launched K38 series – 910 kVA prime diesel generator sets in India. This series has high volume coolant system which make ‘K38 series’ generating sets, more reliable and durable. However, high fuel and operation & maintenance costs and competition from alternative energy sources is the major factor restraining the growth of global Diesel Power Engine market during the forecast period.
The regional analysis of global Diesel Power Engine market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the growing population, urbanization and increased standard of living coupled with industrialization, contribute to growing electricity demand. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Caterpillar
Cummins
Wärtsilä
Rolls-Royce Holdings
Volvo Penta
Mitsubishi Heavy Industries Engine & Turbochargers
Hyundai Heavy Industries
Doosan Infracore
Yanmar Holdings
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
by Operation:
Standby
Prime /Continuous
Peak Shaving
By Power Rating:
Below 0.5 MW
0.5–1 MW
1.0–2 MW
2.0–5 MW
Above 5 MW
By Speed:
Below 720 rpm
720–1000 rpm
Above 1000 rpm
By End- User:
Industrial
Commercial
Residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Diesel Power Engine Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The power requirements in industrial and commercial sector is of paramount importance to ensure fruitful business operations, which provides huge opportunity for diesel power generation.
Such trends are expected to further propel the growth of diesel power engine market during the forecast period.Request sample copy of Diesel Power Engine Market at: http://orbisresearch.com/contacts/request-sample/2213856 Increasing Shift towards Gas Generators - Restrains the MarketThe stringent emission norms and regulations across the world has led to increased focus on lowering the greenhouse gas emissions and reducing the carbon footprints.
The requirement of clean source of power is creating hurdle for conventional power sources, which is expected to restrain the growth of diesel power engine market during the forecast period.
The gas generators are being increasingly used as an alternate to diesel power generators and it is a clean source of power generation.
Thus, increasing shift towards gas generators is anticipated to restrain the market growth of diesel power engines.Read details of the report at: http://orbisresearch.com/reports/index/global-diesel-power-engine-market-analysis-by-end-user-application-and-geography-growth-trends-and-forecast-2018-2023 Asia-Pacific to Dominate the Market ShareAsia-Pacific is witnessing huge increase in average energy consumption rate and GDP growth rate, with China and India experiencing the highest industrialization and urbanization rates.
Thus, the demand for steady power boosts the sales of generator in several sectors, especially the industrial and commercial segments in the region.
A diesel power engine is the combination of a diesel engine with an electric generator (often an alternator) to generate electrical energy.The revenue of top ten manufacturers accounts about 83.5% of the total revenue in 2018.
The high-end products mainly come from North America and Europe.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-diesel-power-engine-2021-2027-22 Market Analysis and Insights: Global Diesel Power Engine Market In 2020, the global Diesel Power Engine market size was US$ 9334.2 million and it is expected to reach US$ 11800 million by the end of 2027, with a CAGR of 3.4% during 2021-2027.Global Diesel Power Engine Scope and Market SizeDiesel Power Engine market is segmented by region, by country, company, type, application and by sales channels.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Diesel Power Engine market is segmented into Up to 0.5MW0.5 MW-1 MW1 MW-2 MW2 MW-5 MWAbove 5 MW The segment of 1 MW-2 MW, 0.5 MW-1 MW and up to 0.5 MW hold a comparatively larger share in global market, which account for about 80%.
Segment by Application, the Diesel Power Engine market is segmented into IndustrialCommercialResidential The industrial holds an important share in terms of applications, and accounts for nearly 50% of the market share.
According to the latest research report published by Dhirtek Business Research, the global diesel power engine market report provides detailed information on the factors driving the growth of the diesel power engine market.
This pandemic is having an impact on various sectors of the economy.
It predicts that the global economy will suffer as a result of the loss of trillions of dollars.
To compete in a competitive market, the companies must identify product opportunities based on their strengths.
This study provides a platform for understanding the various exciting and rising prospects in the field of diesel power engine, and it will help every producer, distributor, or even user understand and succeed in this burgeoning industry.
Obtain a Sample Report and the Table of Content for the Diesel Power Engine Market Report:https://www.dhirtekbusinessresearch.com/market-report/Diesel-Power-Engine-Market/request-for-sample-report Study Goals and Objectives of Global Diesel Power Engine Market The report provides information on the market impact of diesel power engine.
