AP NEWS

Global Diesel Engine Market 2018-2022 | Advantages of Diesel Engine over Petrol Engine to Boost Demand | Technavio

December 27, 2018

LONDON--(BUSINESS WIRE)--Dec 27, 2018-- analysts forecast the global diesel engine market to grow at a CAGR of over 7% during the forecast period, according to their latest market research report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181227005098/en/

Technavio has released a new market research report on the global diesel engine market for the period 2018-2022. (Graphic: Business Wire)

The growing popularity of plug-in electric vehicles (PEVs) is one of the major trends being witnessed in the . The growing demand for PEVs including BEVs (battery electric vehicles) and PHEVs (plug-in hybrid electric vehicles) is expected to be a major challenge for the global diesel engine market. The plug-in electric vehicles are gaining prominence due to low environmental footprints. These vehicles also meet the emission standards imposed by various environmental regulatory authorities in different countries. PEVs also offer social, environmental, and economic benefits. This is likely to negatively impact market growth.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global diesel engine market is the advantages of the diesel engine over petrol engine:

Global diesel engine market: Advantages of the diesel engine over the petrol engine

The primary factor that favors the use of diesel engines for commercial purpose is the better mileage offered by them over petrol engines. Diesel engines are almost 1.5 % more efficient than petrol engines. Moreover, diesel engines are designed to operate at higher compression ratios of 15:20, while petrol engines have lower compression ratios of usually 8:10. Higher the compression ratios, higher the thermal efficiency and better is the fuel efficiency. As a result, diesel engines offer better fuel efficiency than petrol engines. These benefits of diesel engines are expected to drive the growth of the market.

According to a senior analyst at Technavio, “Apart from the advantages of diesel engines over petrol engines, the growing demand for diesel engines from APAC is also expected to impact the growth of the global diesel engine market during the forecast period. The demand for diesel engines in APAC is attributable to the growth of the mining, construction, transport, and industrial sectors in the region.”

Global diesel engine market: Segmentation analysis

The global diesel engine market research report provides market segmentation by end-user (on-road and off-road) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The APAC region held the largest share of the market in 2017, accounting for more than 45% share, followed by EMEA and the Americas respectively. The APAC region is likely to continue dominating the market during the forecast period with the highest incremental growth.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181227005098/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE ENVIRONMENT OTHER AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/27/2018 07:43 AM/DISC: 12/27/2018 07:42 AM

http://www.businesswire.com/news/home/20181227005098/en

AP RADIO
Update hourly