The latest report by IMARC Group, titled “Diesel Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global diesel engine market report. The global market size reached US$ 220.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 274.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.63% during 2023-2028.
A diesel engine is an internal combustion engine that operates by igniting fuel through compression. In a diesel engine, air is compressed within the cylinder at a high pressure, causing the air to heat up significantly. Diesel fuel is infiltrated directly into the hot, compressed air, leading to spontaneous combustion. This combustion drives the piston within the cylinder, converting the energy released into mechanical work. It is known for their efficiency and durability, making them well-suited for heavy-duty applications such as trucks, buses, ships, and industrial machinery. Additionally, it offers higher torque at lower revolutions per minute (RPMs) compared to gasoline engines, making them suitable for tasks requiring significant power output. As a result, diesel engines are gaining immense traction across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/diesel-engine-market/requestsample
Diesel Engine Market Trends and Drivers:
The diesel engine market is primarily driven by the growing agricultural industry. In addition, the rising demand for diesel engines to power tractor combines and irrigation systems in the agriculture industry is influencing the market growth. It also serves as backup power generators for critical facilities, including hospitals, data centers, and remote locations where grid electricity may be unreliable. Moreover, the emerging advancements in emissions reduction technology, such as diesel particulate filters (DPF) and selective catalytic reduction (SCR), are significantly improving the performance of diesel engines, which minimize emissions of pollutants, thus representing another major growth-inducing factor. Besides this, the integration of diesel engines into hybrid and electric vehicle systems extends the range of electric propulsion, which enhances efficiency, thus accelerating the market growth. Furthermore, the widespread adoption of diesel engines in commercial and industrial applications for powering trucks, buses, and other heavy-duty vehicles that are essential in power generation, construction, mining, logistics, and transportation is creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Power Rating:
- 0.5 MW–1 MW
- Up to 0.5 MW
- 2 MW–5 MW
- 1 MW–2 MW
- Above 5 MW
Breakup by End-User:
- Automotive
- On-Road
-
- Light Vehicles
- Medium/Heavy Trucks
- Light Trucks
-
- Off Road
-
- Industrial/Construction Equipment
- Agriculture Equipment
- Marine Applications
-
- On-Road
- Non-Automotive
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- AGCO Corporation
- China First Automobile Works (FAW) Group Corporation
- Robert Bosch GmbH
- Deere & Company
- Continental AG
- Delphi Automotive System Private Limited
- Mitsubishi Heavy Industries, Ltd.
- Ford Motor Company
- General Motors Company
- MAN SE
- Wärtsilä Oyj Abp
- Cummins, Inc.
- Caterpillar
- Rolls-Royce Motor Cars Limited
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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