HNY Research projects that the Diesel Power Engine market size will grow from USD 7.59 Billion in 2017 to USD 9.51 Billion by 2023, at an estimated CAGR of 3.82%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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The growth of the diesel power engine market is driven by the increased demand for reliable power for industries in developed and developing regions for a wide range of end-users such as residential, IT, Telecom, healthcare, utility & power generation, oil & gas, mining, and construction. In addition, the growth of commercial infrastructure and the rapid pace of urbanization and industrialization are also expected to drive the market during the forecast period. The diesel power engine market is segmented by end-user into residential, commercial, and industrial. The industrial segment is expected to grow at the highest rate in the end-user segment. The growth of the industrial sector is driven by the favorable government policies for the growth of industries in various countries such as Mexico, China, Brazil, and India. The stringent emission norms in regions such as North America and Europe will affect the growth of the market in these regions.
By Market Players:
Caterpillar , Cummins , Man SE, Rolls-Royce Holdings , Wärtsilä , Mitsubishi Heavy Industries , Volvo Penta , Hyundai Heavy Industries , Doosan , Yanmar Holdings , Kubota , Kohler,
By Power Rating
Up to 0.5 MW , 0.5–1 MW , 1–2 MW , 2–5 MW , Above 5 MW
Industrial , Commercial , Residential, ,
Standby , Prime/Continuous , Peak Shaving, ,
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