Global Diesel Engine Market 2018-2022 | Advantages of Diesel Engine over Petrol Engine to Boost Demand | Technavio
Technavio
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.
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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 global
diesel engine market 2018-2022. 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.
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only: View
market snapshot before purchasing
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.
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