This report covers the present scenario and the growth prospects of the global diesel engine market for 2016-2020. To calculate the market size, The considers market demand from the on-road and off-road end-user segments. The on-road segment comprises of light vehicles, medium/heavy trucks, and light trucks. The off-road segment comprises the equipment run by diesel engines in industrial/construction, agriculture, and marine sectors.
RnRMarketResearch.com includes new research report in its store titled Global Diesel Engine Market 2016-2020.The analyst forecast global diesel engine market to grow at a CAGR of 8.65% during the period 2016-2020.
Complete report available at www.rnrmarketresearch.com/global-…eport.html
The diesel engine is an internal combustion engine in which air is compressed inside the cylinder to ignite the fuel. Two main types of diesel engines are available in the market.
They are two-stroke and four-stroke engines. Diesel engines are capable of offering better operational performance, which makes them a preferred choice over petrol engines.
The market is expected to witness high growth due to the rising demand for diesel engines from the automotive industries in APAC. The latest development observed in the market is the incorporation of exhaust after-treatment technologies.
This technology aims to reduce emissions, and aid compliance with set standards and regulations.
The following companies are the key players in the global diesel engine market: Caterpillar, Cummins, MAN, and Mitsubishi Heavy Industries.
Other Prominent Vendors in the market are: Detroit Diesel, Deutz, Fairbanks Morse, GE Transportation, HATZ Diesel, Henan Diesel Engine Industry, Henan Diesel Engine Industry¸ J C Bamford, Rolls-Royce, Volvo, and Wartsila.
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The Diesel Engine Market is divided into the Following Segments Based on Geography: America, EMEA and APAC
The report, Global Diesel Engine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
One of the key trends for market growth will be growing popularity of exhaust after-treatment technologies. The manufacturers use various combinations of prevailing technologies, such as diesel particulate filter (DPF), selective catalytic reduction (SCR), exhaust gas regeneration (EGR), and diesel oxidation catalyst (DOC).
These technologies are known as after-treatment systems as they are mainly used to treat post-combustion exhaust gases. Incorporation of these systems into the machine requires complex changes in design, as the engine requires cooling along with quiet operation.
Engines that incorporate these after-treatment systems use clean fuel as input and require fuel that has low sulphur content.
According to the report, rising demand for diesel vehicles will be a key driver for market growth. In 2014, ten million cars were sold globally.
Diesel-based cars accounted for 20% of global car sales in 2014. Car sales in the US were dominated by the sales of petrol-based cars, whereas diesel cars were still falling in the niche segment of overall car sales.
The sales of diesel cars in the US is expected to grow slowly in the coming years owing to the Volkswagen emission cheating scandal in which the company admitted to having installed software that is capable of cheating on emission tests in 11 million of its diesel vehicles worldwide.
Further, the report states that stringent regulations will be a challenge faced by the market. The market sees various stringent regulations that vary in every geographic region.
The Gothenberg Protocol is one of the international standards that specifies NOx emission limits for stationary diesel engines. The protocol came into force on May 17, 2005.
The NOx emission limit specified by the protocol is 500 mg per cubic newton meter for new stationary diesel engines of power rating greater than 5MW and is applicable to all parties except Canada and the US.
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