Diesel Engine Market by Type (Heavy-Duty Diesel Engines, Industrial Diesel Engines, Marine Diesel Engines, Automotive Diesel Engines), by End User (Industrial, Commercial, Residential), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Diesel Engine Market size was valued at USD 228.3 USD Billion in 2023 and is projected to reach USD 369.00 USD Billion by 2032, exhibiting a CAGR of 7.1 % during the forecast period. A diesel engine is thus a form of internal combustion engine whereby the fuel used to initiate combustion is diesel fuel. Among the many types, there are two-stroke and four-stroke power units, which considerably differ in their design and functions. Some of the notable characteristics that define diesel engines include the following: They have high fuel efficiency and can work for long in heavy loads. In their use, diesel engines are employed in a large number of applications for example in automobiles, marine vessels, industrial mechanical equipment, and electric power generation. Their effectiveness of generating high torque at low speeds makes them ideal for use by the manufacturer in heavy-duty vehicles and equipment.
Type:
End User:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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