Target Audience of Diesel Power Engine Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Diesel Power Engine Market Report provides key statistics on the market status of the Diesel Power Engine Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
The demand for reliable electricity is growing across the world on account of industrial expansion and development of commercial infrastructure. Moreover, the growth in urban infrastructure is driving the demand for reliable source of power. 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. As diesel power generation is technically most appropriate as standby power source for industrial and commercial sector, the market for diesel power engines is likely to receive huge thrust in the near future.
Mahindra Powerol ventures into high-power diesel generators in India with an investment of INR 160 crore, thereby, creating a new trend in the overall diesel power engine market. The DG sets are equipped with advanced Common Rail Diesel Engine (CRDe) technology, which reduces pollution levels, offers heavy-duty performance, and fuel efficiency. Such trends are expected to further propel the growth of diesel power engine market during the forecast period.
Increasing Shift towards Gas Generators – Restrains the Market
The 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. Moreover, low natural gas prices and volatile diesel fuel costs have led to end-users preferring gas generators over diesel generators. Thus, increasing shift towards gas generators is anticipated to restrain the market growth of diesel power engines.
Asia-Pacific to Dominate the Market Share
Asia-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. The massive increase in power consumption in developing countries, such as China and India, with inadequate power infrastructure, is likely to make steady power supply a serious challenge. Thus, the demand for steady power boosts the sales of generator in several sectors, especially the industrial and commercial segments in the region. Moreover, the growing energy demands of the burgeoning manufacturing industry are expected to provide huge impetus to generators business in the Asia-Pacific region. As a result, Asia-Pacific is expected to witness the fastest growth in the global diesel power engine market during the forecast period.
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Major companies covered in this Report:
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
- Rolls-Royce Holding PLC
- Wartsila Oyj Abp
- Mitsubishi Heavy Industries Ltd
- Hyundai Heavy Industries Co Ltd
- Man SE
- Volvo Penta
- Doosan Corp
- Yanmar Holdings Co.
- Kubota Corp
Reasons To Purchase This ReportCurrent and future diesel power engine market outlook in the developed and emerging marketsAnalyze various perspectives of the market with the help of Porter’s five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in excel)
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This Diesel Power Engine market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Diesel Power Engine market.