Global Vehicle Diesel Engine market is expected to reach 41100 million US$ by the end of 2025
Published Date: 2019/3/1
Diesel engine, any internal-combustion engine in which air is compressed to a sufficiently high temperature to ignite diesel fuel injected into the cylinder, where combustion and expansion actuate a piston. It converts the chemical energy stored in the fuel into mechanical energy, which can be used to power freight trucks, large tractors, locomotives, and marine vessels. A limited number of automobiles also are diesel-powered, as are some electric-power generator sets.
The industry development of diesel engine was largely affected by national industrial policies and environmental standards in recent few years. With stricter emission standards worldwide and backward emission technology, global consumption of Vehicle Diesel Engine decreased slightly to 15 M units in 2017, the CAGR of global market from 2013-2018 is estimate -1.1%.
Diesel engines are mainly consumed in Europe and China countries. The two areas occupy about 86% market share. Besides, North America is also an important market of diesel engine.
In terms of technology, there is plenty room for improvement. High pressure fuel injection, low emissions and efficient filtration are the mainly trends for the technology improvement, More energy-efficient and environment friendly Vehicle Diesel Engine will change the situation declining in the diesel engine industry in the future.
The global Vehicle Diesel Engine market is valued at 49600 million US$ in 2018 is expected to reach 41100 million US$ by the end of 2025, growing at a CAGR of -2.3% during 2019-2025.
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