Diesel Engines Market Share, Size, Growth, Analysis and Forecast 2022-2027 – Designer Women

According to the latest report published by the IMARC group, titled “Diesel Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, that the global diesel engine market size reached US$212.4 billion in 2021. Going forward, the market is expected to reach US$266.3 billion by 2027, with a CAGR of 3. 75% in 2022-2027.

Year considered to estimate the market size:

Reference year of the analysis: 2021
Historical period: 2016-2021
Forecast period: 2022-2027

A diesel engine is an internal combustion (IC) engine in which air is compressed to a high temperature before being injected into a cylindrical container to ignite the fuel. It converts stored chemical energy into mechanical energy that can be used to power large tractors, ships, freight trucks and locomotives. Diesel engines are commercially available as two-stroke and four-stroke engines. Compared to other fuel engines, diesel engines have superior thermal efficiency, durability and torque. Due to these advantages, these motors find wide applications in various industries, such as mining, construction, and agriculture.

Covid-19 scenario:

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Market trends

The global diesel engine market is mainly driven by the growing demand for commercial and heavy-duty vehicles. Additionally, the significant expansion of the automotive industry and rapid urbanization, especially in emerging economies, is catalyzing the need for efficient energy infrastructure, which, in turn, supports market growth. With this in mind, manufacturers are developing advanced variants of diesel engines using efficient filtration features and high pressure fuel injection, which is propelling the growth of the market. Additionally, major market players are introducing diesel engines that can be used as standby generators, which is helping the growth of the market. Other factors such as extensive research and development (R&D) activities and the introduction of efficient and durable engines are creating more positive outlook for the market.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

  • ACGO Company,
  • China FAW Group,
  • Bosch,
  • Deere & Company,
  • Continental SA,
  • Delphi Automotive,
  • Mitsubishi Heavy Industries,
  • Ford Engine,
  • General Motors,
  • SE MAN,
  • Wartsilah,
  • Cummins,
  • Caterpillar,
  • Rolls Royce

Ask an analyst – https://www.imarcgroup.com/request?type=report&id=1290&flag=C

Market summary:

  • Based on rated power, the market has been segmented into 0.5MW-1MW, up to 0.5MW, 2MW-5MW, 1MW-2MW and above 5MW.
  • On the basis of end-user, the market has been split into automotive and non-automotive industries.
  • Regionally, the market has been categorized into Asia Pacific, Europe, North America, Middle East & Africa and Latin America.

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As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.

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