Diesel Power Engine Market Scope
Diesel Power Engine are also known as compression-ignition or CI engine used in power generation applications. These provide power to remote communities that are not grid-connected. These power engines are often used as emergency and backup generators to provide power during grid outages. The
According to AMA, the Global Diesel Power Engine market is expected to see growth rate of 4.81%Caterpillar Inc. (United States), Cummins, Inc. (United States), MAN SE (Germany), Rolls-Royce Holding PLC (United Kingdom), Wärtsilä OYJ ABP (Finland), Mitsubishi Heavy Industries Ltd. (Japan), Volvo Penta (Sweden), Hyundai Heavy Industries Co. Ltd. (South Korea), Doosan Corp. (South Korea), Yanmar Holdings Co., Ltd. (Japan), Kubota Corporation (Japan), Kohler (United States) and Mahindra Powerol (India) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Diesel Power Engine market and Region with country level break-up.
On the basis of geography, the market of Diesel Power Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rapid Urbanization and Industrialization
Market Growth Drivers:
Growing Demand for Reliable Source Of Power and Highly Efficiency and Durability Advantages
Challenges:
Stringent Environmental and Governmental Regulation
Restraints:
Increasing Use of Gas Generators and Rising Fuel Prices
Opportunities:
Growing Number of Hybrid Power Generation Plants and Increasing Investments in Mining and Construction Industry
In May 2019, Cummins entered into the partnership with Isuzu Motors for diesel engines. The agreement formalizes a business structure for the two companies to evaluate and carry out opportunities to jointly develop and bring new diesel and diesel-based powertrains to global markets.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Diesel Power Engine Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Private Equity Firms in Power Industry and Government Regulatory and Research Organizations
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.