A recent market intelligence report that is published by Data Insights Partner on Diesel Engine Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Diesel Engine Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Diesel Engine Market is offered.
In accordance with the report, the Diesel Engine Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Diesel Engine Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. Any country’s ability to generate electricity is essential to its ability to grow. The EIA’s International Energy Outlook 2019 predicts that until 2040, the world’s electricity demand would grow by 2.11% year. A significant portion of the expansion is anticipated to take place in non-OECD nations like China and India. However, COVID-19 and the ensuing economic downturn are predicted to cause the short-term electricity consumption in 2020 to decrease by 5%. The demand is anticipated to decrease by 2% in the event of a quicker recovery. The capacity of the world’s electricity production increased more quickly between 2010 and 2018, while the T&D network’s expansion lagged behind, leading to reliability problems including power surges and outages. Many wealthy nations have access to alternative energy sources for power generation and storage, including fuel cells, batteries, renewables, solar PVs, and SOFC cells. In the US, for instance, the need for effective power generation has been steadily increasing as many businesses look for ways to lower their electricity and heating costs. In contrast to rival technologies like reciprocating engines, which have an efficiency of less than 35%, solid oxide fuel cells have an energy efficiency of above 60%. The cost of energy production per unit has decreased as a result of the expansion of renewable energy sources like solar and wind. Diesel-based power generation is 2-3 times more expensive than renewable energy-based electricity generation. Over 550 million people live without power in Sub-Saharan Africa, which has a 35% electrification rate overall and a rural electrification rate of only 19%, according to the World Energy Outlook. Due to a lack of grid networks, 600 million people in developing Asia-Pacific nations are without electricity. It will be expensive to build additional grid networks in these locations to guarantee 100% electricity. However, hybrid power systems made up of diesel engine generators are anticipated to suffice for the power requirements of such isolated areas. But during the anticipated term, the high cost of diesel engines is anticipated to restrain the market’s expansion. Due to the harmful pollutants that diesel engines produce and the strict regulations imposed by various governments around the world, the diesel engine market faces significant obstacles that are predicted to restrain market expansion over the
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To compile the detailed study of the global Diesel Engine Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Diesel Engine Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Diesel Engine Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Diesel Engine Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Diesel Engine Market report has been segmented By Container Size, By Product Type, By End-Use also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Diesel Engine Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Diesel Engine Market, By Components, 2022-2031 (USD Million)
Cylinder Block & Heads Assembly
Piston and Connecting Rod
Trimming Chain Assembly
Fuel System Assembly
Others (Valve sets, Rubber Seals, Bearing, Rings, Powder Metal Parts etc.)
Diesel Engine Market, By Type, 2022-2031 (USD Million)
Diesel Engine Market, By Group, 2022-2031 (USD Million)
Small Size (less than 188 kilowatts/252 HP)
Medium Size (188 to 750 kilowatts /252-1,006 HP)
Large Size( More than 750 kilowatts /1,006 HP)
Diesel Engine Market, By End use Industry, 2022-2031 (USD Million)
American Honda Motor Co., Inc.
Blue Bird Corporation
Briggs & Stratton Corporation
Daimler Truck North America LLC
Deere & Company
Ford Motor Company
General Motors Company
Hino Motors Manufacturing USA, Inc.
Isuzu Technical Center of America, Inc.
Kawasaki Motors Corp., USA
Liebherr Machines Bulle SA
MAN Truck & Bus SE
Mitsubishi Fuso Truck and Bus Corporation
Scania CV AB
Volkswagen of America, Inc.
Volvo Group North America
WÃ¤rtsilÃ¤ North America, Inc.
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