According to Stratistics MRC, the Global Diesel Power Engine Market is accounted for $6.14 billion in 2019 and is expected to reach $10.24 billion by 2027 growing at a CAGR of 6.6% during the forecast period. While the factors like growing commercial sector investments and rising demand for reliable and uninterrupted power are propelling the market growth. However, high fuel and operation & maintenance costs are hampering the market growth.
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By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to factors such as rising population, urbanization, and improved standard of living together with industrialization, supply to increasing electricity demand. This market is likely to rise in this region to congregate the need for reliable backup and prime power supply for industries, commercial facilities, and residential end-users.
Some of the key players profiled in the Diesel Power Engine Market include Yanmar Holdings, Kubato, Kohler, Mahindra Powertrain, Anglo Belgian Corporation, IHI Power Systems, Cummins, Wartsila, Rolls-Royce Holdings, Man SE, Volvo Penta, Mitsubishi Heavy Industries Engine & Turbochargers, Hyundai Heavy Industries, Doosan Infracore, and Caterpillar.
Operations Covered:
• Peak Shaving
• Prime /Continuous
• Standby
Power Ratings Covered:
• Below 0.5 MW
• 0.5–1 MW
• 1.0–2 MW
• 2.0–5 MW
• Above 5 MW
Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider
Speeds Covered:
• Below 720 Rpm
• 720–1000 Rpm
• Above 1000 Rpm
End Users Covered:
• Commercial
• Industrial
• Residential
Types Covered:
• Off-Road Diesel Engine
• On-Road Diesel Engine
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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