Top 5 Vendors in the Diesel Engines Market for Non-Automotive Applications from 2017 to 2021: Technavio
Technavio
has announced the top five leading vendors in their recent global
diesel engines market for non-automotive applications report.
This research report also lists 25 other prominent vendors that are
expected to impact the market during the forecast period.
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Technavio has published a new report on the global diesel engine market for non-automotive applications from 2017-2021. (Graphic: Business Wire)
The global diesel engines market for non-automotive applications is
predicted to grow at a CAGR of 5.82% during 2016-2021. This growth is
attributed to the rising demand for diesel engines in APAC, EMEA, and
the Americas. The report also analyzes the market demand for diesel
engines across a wide range of off-road end-users such as marine
vessels, construction equipment, agricultural equipment, and power
generators.
“In terms of value, the marine industry is anticipated to be the
largest contributor to the overall market. The majority of the maritime
vessels significantly makes use of diesel engines both for propulsion as
well as auxiliary power systems,” says Gaurav Mohindru, a lead tools
and components research analyst from Technavio.
Competitive scenario
The global
diesel engines market for non-automotive application is
fragmented with the presence of many local and international vendors.
The international vendors compete on parameters such as quality,
efficiency, and after-sales service. The competitive environment is
predicted to intensify due to the shift in the preference of the buyers
to energy-efficient engines. The vendors are likely to direct their
efforts in differentiating their products and comply with the stringent
regulations outlined in various regions.
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sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Top five diesel engines market vendors for non-automotive applications
Caterpillar
Caterpillar company manufactures and markets mining, construction, and
forestry machinery. The company also makes engines and other related
parts for its equipment and offers financing and insurance.
Key products: Commercial propulsion engines, high-performance
propulsion engines, marine auxiliary engines, industrial diesel engines,
and diesel engines for power generation
Cummins
Cummins manufactures natural gas and diesel engines for the bus,
construction, heavy and medium trucks, mining, and governmental
equipment markets. The company also supplies complimentary products for
the engines.
Key products: QSX15, QSF2.8, QSM11 for marine, and QSB5.9 for
marine
MAN
MAN is one of the leading manufacturers of mechanical engineering
equipment and commercial vehicles in Europe. Its products and service
offerings include trucks, buses, engines and components, marine engines
and systems, power plants, compressors, gas turbines, turbomachinery,
reactors and apparatus, and turbochargers.
Key products: Two-stroke engines, Four-stroke engines, GenSet,
and Turbocharger
Mitsubishi Heavy Industries
Mitsubishi Heavy Industries manufactures heavy machinery. The company
manufactures space systems and products related to shipbuilding and
ocean development, material handling systems such as tankers, passenger
ships, cargo ships, and marine engines, industrial machinery, aircraft,
space systems, and others.
Key products: UE Engines and UEC Eco-engines
Wärtsilä
Wärtsilä is a provider of advanced technologies and complete lifecycle
solutions for the marine and energy markets. The company delivers
customized power plant solutions, including gas and oil fired power
plants. Wärtsilä operates its business through three reportable
segments, including energy solutions, marine solutions, and services.
Key products: Wärtsilä 20, Wärtsilä 26, Wärtsilä 31, Wärtsilä 32,
Wärtsilä 38, and Wärtsilä 46F
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.
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