Cylinder Diesel Engine Market Size Hit USD 253.09 Billion By 2026
Reports And Data
Cylinder Diesel Engine Market Size – USD 178.32 billion in 2018, Market Growth – CAGR of 4.4%, Growing adoption in farm equipment in agricultural sector.
NEW YORK, NY, UNITED STATES, May 4, 2022 /EINPresswire.com/ — Rise of urbanization and automobiles market as well as its deployment in various verticals is fueling the growth of Market.
The global Cylinder Diesel Engine market is expected to reach USD 253.09 Billion by 2026, according to a new report by Reports and Data. Cylinder Diesel engine has the highest effective efficiency among all others. Cylinder diesel engines have good exhaust emission behavior and can accept super or turbocharging pressure without any natural limit.
Decrease in the labor availability and increase in labor wage globally has fueled the market of cylinder diesel engine market. Increase in urbanization and better standard of living has increased the market of commercial vehicles hence encouraging the market. With increase in R&D and its application in agricultural sector has given birth to self-propelled farm equipment.
APAC is estimated to hold the largest market share owing to the high growth in automotive sector and rising construction. China, Vietnam and India are the main countries driving up the demand in APAC. With growth in the infrastructure, shortage of labor in agricultural sector, technological reforms in agricultural sector are all encouraging the market.
Key players in this market include Mahindra & Mahindra Ltd., Simpson & Co. Ltd., Bajaj Auto Ltd., Tata Motors Ltd., Cummins, Deere, YuChai, Scania, Yanmar and Volvo among many others.
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Further key findings from the report suggest
• Cylinder Diesel engine offer better operational performance making them more preferred option than petrol engines.
• With multiple research going on, one such development is the introduction of exhaust after treatment technology with the diesel engine. Diesel engines emission are low due to this technology and it also increases efficiency. This technology is expected to see increased market penetration in coming years.
• Increase in skilled labor has reduced the number of farm labor thus giving rise to farm equipment that boost the growth of the market.
• Deployment of cylinder diesel engine in commercial and passenger automobile has risen the market demand.
• High speed diesel engines are usually used for powering electric generators in bigger ships. As of 2018, most high speed engines have direct injection.
• Medium speed diesel application is mainly in large electrical generators, ship propulsion and mechanical drive applications such as large compressors or pumps.
• Low speed diesel engines are large in size and mainly used to power ships. They have an effective efficiency up to 55%.
• APAC to have the largest market size due to the rise in commercial vehicles like buses and trucks.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cylinder-diesel-engine-market
For the purpose of this report, Reports and Data have segmented global Cylinder Diesel Engine market on the basis of HP Type, Power Output, Cylinder Arrangement, Engine Capacity, Engine Speed, Application and region:
HP Type Outlook (Revenue, USD Million; 2018-2026)
• <50 HP
• 50 – 100 HP
• 100 – 200 HP
• > 200 HP
Power Output Outlook (Revenue, USD Million; 2018-2026)
• Small < 188 kW
• Medium 188 – 750 kW
• Large > 750 kW
Cylinder Arrangement Outlook (Revenue, USD Million; 2018-2026)
Engine Capacity Outlook (Revenue, USD Million; 2018-2026)
• Market for <5L Engines
• Market for 5L – 10L Engines
• Market for >10L Engines
Engine Speed Outlook (Revenue, USD Million; 2018-2026)
• High Speed Engines > 1000 rpm
• Medium Speed Engines 300 – 1000 rpm
• Slow Speed Engines < 300 rpm
Application Outlook (Revenue, USD Million; 2018-2026)
• Agricultural Machinery
• Construction Machinery
• Power Industry
• Lawn and Garden
Regional Outlook (Revenue, USD Million; 2018-2026)
• North America
• Asia Pacific
• Latin America
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Key Advantages of Cylinder Diesel Engine Report:
• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Cylinder Diesel Engine industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Cylinder Diesel Engine market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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Article originally published at https://www.einpresswire.com/article/571043665/cylinder-diesel-engine-market-size-hit-usd-253-09-billion-by-2026
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