Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Diesel Power Engine Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.7% during the review period (2022 to 2027).
Diesel power engines are used in numerous sectors such as industrial, commercial, and residential for standby, prime, continuous, and peak shaving. Increase in demand for data centers and IT facilities, and fast urbanization in developing countries, are projected to drive the market. However, the emergence of alternate sources of power generation may restrain the market growth.
The global market of diesel power engine is expected to have a considerable number of developments over the forecast period owing to continuous technological advancement in energy sector coupled with growing power demand. In terms of the growth of the market, aspects such as the demand for reliable electricity and the development of commercial and industrial infrastructures are driving the diesel power engine market. However, the abundance of natural gas, coupled with its environmental soundness, has led to an increasing shift towards natural gas engines as an alternative to diesel engines in various end-user industries and is anticipated to restrain the growth of the diesel power engines market during the forecast period.
The industrial segment is anticipated to dominate the market during the forecast period, owing to the demand for power, which is further increasing with the growing number of industries, business expansions, and a developing service sector.
09-Dec-2020:John Deere Power Systems and DEUTZ have announced plans to jointly develop and source components for a low horsepower range engine up to 130kW. Working together, the parties will be able to close a gap in the market by developing an engine that provides customers additional and exceptional value upon initial purchase while retaining the reliability, versatility, and performance they’ve come to expect from John Deere and DEUTZ engines.
Top Key players in the Diesel Power Engine Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Diesel Power Engine Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Thermo Fisher Scientific, Esco, AirClean Systems, Erlab, Labconco,Terra Universal, ECOSAFE, Sentry Air Systems, Air Science, Dealye, Bigneat, Monmouth scientific, Sunking and others.
By Type, Diesel Power Engine Market has been segmented into:
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%.
By Application, Diesel Power Engine Market has been segmented into
The industrial holds an important share in terms of applications, and accounts for nearly 50% of the market share.
The growing infrastructural developments and electricity demand in Asia-Pacific, with the huge increase in average energy consumption rate and GDP growth rate, is expected to promulgate the market.The enormous increase in power consumption in developing countries, such as China and India, with insufficient power infrastructure, is likely to make steady power supply a serious challenge. Thus, the demand for steady power boosts the sales of generators in several sectors, especially the industrial and commercial segments in the region.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 3.7% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
| Thermo Fisher Scientific, Esco, AirClean Systems, Erlab, Labconco,Terra Universal, ECOSAFE, Sentry Air Systems, Air Science, Dealye, Bigneat, Monmouth scientific, Sunking and others. |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
The Relay Market is studied from 2022 - 2027.
What is the growth rate of Diesel Power Engine Market?
The Relay Market is growing at a CAGR of 3.7% over the next 5 years.
Who are the key players in Diesel Power Engine Market?
Thermo Fisher Scientific, Esco, AirClean Systems, Erlab, Labconco,Terra Universal, ECOSAFE, Sentry Air Systems, Air Science, Dealye, Bigneat, Monmouth scientific, Sunking and others.
What region does this Diesel Power Engine Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Diesel Power Engine Market?
Up to 0.5MW, 0.5 MW-1 MW,1 MW-2 MW,2 MW-5 MW, above 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%.
What are the major end-use applications of Diesel Power Engine Market?
Industrial, Commercial, Residential, the industrial holds an important share in terms of applications, and accounts for nearly 50% of the market share.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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