Small Diesel Engines Market Size To Reach USD 4.1 Billion By 2027 | Present a CAGR of 2.6% (2022-2027)

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Rising Adoption of Off-Road Diesel Engines Propels Growth of Small Diesel Engines Market

HYDERABAD, TELANGANA, INDIA, Oct. 27, 2022 /EINPresswire.com/ — IndustryARC in its latest report predicts the small diesel engine market size to reach $4.1 billion by 2027, growing at a CAGR of 2.6% from 2022 to 2027. Small diesel engines are deployed in various end-user industry verticals, such as industrial organizations, cold chain transportation systems, commercial establishments and residential and more for various electrical and refrigeration applications. Air intake and water are two of the most common types of cooling used for small diesel and gasoline engines. Cooling plays a critical role in efficient engine operation because the interior of generators that use such engines must be constantly cooled in order to protect it from damage and ensure continued operation. Growth in construction and manufacturing activities due to the rapid economic recovery of major global economies from the COVID-19 pandemic has significantly increased the adoption of small diesel engine generator systems. This is expected to directly boost the demand for small diesel engines over the forecast period. Typically, engines above 22 kW use water cooling, while smaller portable diesel engines use air cooling. This is one of the factors that makes motors below 20 kW cheaper. Additionally, engines with higher horsepower and displacement also require noise dampening components to ensure that engine noise does not exceed acceptable decibel levels during operation. Therefore, engines with higher displacement and power ranges are expected to experience greater price increases over the forecast period due to higher commodity costs, material supply costs and labor costs required to manufacture such equipment. The report offers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.

Click here to browse the full summary of the report:
https://www.industryarc.com/Report/20079/small-diesel-engines-market.html

Key points to remember:

1. APAC is analyzed to consider the fastest growing region during the forecast period 2022-2027, due to government spending on solar power generation projects, appliance penetration laptops and more.

2. Government initiatives or regulations to promote the use of solar technology as well as the increase in research work harnessing solar energy in the garment or textile industry are analyzed to guide the outlook for the industry small diesel engines over the forecast period.

3. Most solar cells on the market are made from 2D planar amorphous silicon on a rigid/fragile glass substrate, however, these fiber optic solar cells have a 3D cross-section and retain the inherent flexibility of the fiber of glass.

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Segmental analysis:

1. Water-cooled segment dominated the small diesel engine market in 2021 with revenue of $2,160.8 million and is expected to reach revenue of $2,417.7 million by 2027, growing at a CAGR of approximately 2.4% during the forecast period 2022-2027. The rapid growth of the segment can be attributed to the widespread use of water cooling systems for small diesel engines with a power greater than 22 kW.

2. Engines is expected to be the fastest growing segment with a CAGR of 2.8% during the forecast period 2022-2027. This growth can be attributed to the lower price of small air-cooled diesel engines, making them more affordable for end users.

3. Generator segment dominated the small diesel engine market size in 2021 with revenue of $1,454.8 million and is projected to reach $1,691.3 by 2027, growing at a CAGR of 2.7% during the forecast period 2022-2027.

4. The cold chain refrigerated vehicle segment is expected to register the fastest growth rate with a CAGR of 3.1% during the forecast period 2022-2027. The rapid growth of the segment is driven by the rise in adoption of cold chain vehicles for transportation and distribution of COVID-19 vaccines in 2021.

5. Asia-Pacific segment dominated the small diesel engine market size in 2021 with revenue of $1,406.1 million and is expected to reach $1,677.5 million by 2027, growing at a CAGR of 3 .1% over the forecast period 2022-2027.

6. According to the Chasing International Economic Institute, infrastructure construction contributed about 8% to China’s economic growth in the first quarter of 2022. In addition, the Asia-Pacific region is also expected to be the growth market the fastest with a CAGR of around 3.1% during the forecast period.

Competitive Landscape:

Top 5 Small Diesel Engine Industry Players are-

1.Kubota

2.Yanmar Holdings

3.Mitsubishi

4. Kohler Co.

5. Cooper Corp.

Click the Following Link to Buy Small Diesel Engines Market Report:
https://www.industryarc.com/reports/request-quote?id=20079

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Related reports:

A. Diesel Generator Market
https://www.industryarc.com/Report/15156/diesel-generators-market.html

B. Marine Diesel Engine Market
https://www.industryarc.com/Research/Marine-Diesel-Engine-Market-Research-502334

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Mr Venkat Reddy
IndustryCRA
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Venkat Reddy
IndustryCRA
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