Diesel Power Engine Market | How Top Leading Companies Can Make This Smart Strategy Work Till 2030
Diesel Power Engine Market Highlights: Diesel Power Engine Market is expected to grow at USD 8.02 Billion with 4.22% CAGR during the forecast period. Diesel is an internal combustion engine, wherein air is compressed to an adequately high temperature to burn diesel fuel introduced into the cylinder, and combustion and expansion trigger a piston. Diesel engine converts the chemical energy stored in the fuel into mechanical energy, which can be used to power various equipment at every end-user level. Diesel power engines have a wide application in various sectors such as industrial, commercial, and residential for standby, prime, continuous, and peak shaving. The growth in the number of data centres and IT facilities, indicating urbanization in developing countries, is expected to boost the diesel engine market. However, the rise of alternate sources of power generation such as renewable energy, may hinder the growth of diesel power engine market. CAGR ...