Summary - A new market study, titled âGlobal 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, 0.5â1 MW, 1.0â2 MW, 2.0â5 MW and Above 5 MW), by Speed (Below 720 rpm, 720â1000 rpm and Above 1000 rpm), by End- User (Industrial, Commercial and Residential) and Regional Forecasts 2020-2027â has been featured on 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.
The lower demand and impact from changes in dealer inventories due to COVID-19 impacts the global diesel power engine market.
For instance: in April 2019, Cummins India Limited launched K38 series â 910 kVA prime diesel generator sets in India.
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.ALSO READ:https://www.einpresswire.com/article/525753898/global-diesel-power-engine-market-industry-analysis-size-share-growth-trends-and-forecast-2020-2027The 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.
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:CaterpillarCumminsWärtsiläRolls-Royce HoldingsVolvo PentaMitsubishi Heavy Industries Engine & TurbochargersHyundai Heavy IndustriesDoosan InfracoreYanmar HoldingsThe 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.