Increased industrialization, rising standard of living, and demand for reliable back up power are the main drivers for the Diesel Power Engine market.
MarketsandMarkets forecasts the diesel power engine market to grow from USD 7.6 billion in 2017 to USD 9.1 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period.
The global diesel power engine market is expected to grow from USD 7.46 Billion in 2016 and is projected to reach USD 9.13 Billion by 2022, at a CAGR of 3.78% during the forecast period.
Diesel Power Engine Market by Operation, Rated Power, End-User, and Region - Global Forecast to 2022
The global diesel power engine market was valued at USD 7.46 Billion in 2016 and is projected to reach USD 9.13 Billion by 2022, at a CAGR of 3.78% during the forecast period.
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
The global diesel power engine market was valued at USD 7.46 Billion in 2016 and is projected to reach USD 9.13 Billion by 2022, at a CAGR of 3.78% during the forecast period.
The diesel power engine market is expected to grow from an estimated value of USD 7.58 Billion in 2017 to USD 9.13 Billion by 2022, at a CAGR of 3.78% from 2017 to 2022.
The diesel power engine market is expected to grow from an estimated value of USD 7.58 Billion in 2017 to USD 9.13 Billion by 2022, at a CAGR of 3.78% from 2017 to 2022.