DUBLIN--(BUSINESS WIRE)--The "Diesel Power Engine Market by Operation (Standby, Prime, and Peak Shaving), Rated Power (Up To 0.5 MW, 0.5-1 MW, 1-2 MW, 2-5 MW, and Above 5 MW), End-User (Industrial, Commercial, Residential), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The global diesel power engine market is projected to grow at a CAGR of 3.78% from 2017 to 2022, to reach a market size of USD 9.13 billion by 2022.

The growth of the diesel power engine market is driven by the increased demand for reliable power for industries in developed and developing regions for a wide range of end-users such as residential, IT, Telecom, healthcare, utility & power generation, oil & gas, mining, and construction. In addition, the growth of commercial infrastructure and the rapid pace of urbanization and industrialization are also expected to drive the market during the forecast period.

The market is dominated by a few international players that hold a major share of the diesel power engine market. The market leaders are Caterpillar Inc. (US), Wartsila (Finland), Cummins Inc. (US), Rolls-Royce (UK), and Mitsubishi Heavy Industries Ltd. (Japan). These players have adopted strategies such as contracts and developments to increase their share in the market.

Market Dynamics

Drivers

  • Increasing Demand for Reliable and Uninterrupted Power
  • Growth in Commercial Infrastructure
  • Growing Urbanization and Industrialization

Restraints

  • High Operation and Maintenance Cost
  • Availability of Alternate Energy Sources

Opportunities

  • Growth in Hybrid Power Generation in Rural and Remote Locations

Challenges

  • Stringent Environmental and Governmental Regulations
  • Increased Adoption of Natural Gas for Power Generation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Diesel Power Engine Market, by Power Rating

7 Diesel Power Engine Market, by End-User

8 Diesel Power Engine Market, by Operation

9 Diesel Power Engine Market, by Region

10 Competitive Landscape

11 Company Profiles

  • Caterpillar
  • Cummins
  • Doosan
  • Hyundai Heavy Industries
  • Kohler
  • Kubota
  • Man SE
  • Mitsubishi Heavy Industries
  • Rolls-Royce Holdings
  • Volvo Penta
  • Wrtsil
  • Yanmar Holdings

For more information about this report visit https://www.researchandmarkets.com/research/ssrt65/global_diesel?w=4

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Related Topics: Engines and Engine Parts