Internal Combustion Engine Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global internal combustion engine market to grow at a CAGR of 7 % during the period 2017-2021.
The following companies as the key players in the global internal combustion engine market: Caterpillar, Cummins, Doosan Infracore, Hyundai Machinery, and MAN.
Other Prominent Vendors in the market are: AGCO Power, Andreas Stihl, Ashok Leyland, BMW, Bombardier, Briggs & Stratton, CNH Industrial, Cooper, Cummins, Daimler, Detroit Diesel, Deutz, Dolmar, Eicher Motors, Emak, FCA US, Fiat Powertrain Technologies, Ford Motor Company, GE Power, Greaves Cotton, Hatz Diesel, Hino Motors, Honda, Husqvarna, Isuzu, JCB, John Deere, Kawasaki, Kirloskar, Kohler, Komatsu, Kubota, Liebherr, Lombardini, Lycoming Engines, Mercedes-Benz, Mitsubishi Turbocharger and Engine, Moteurs Baudouin, MTU, Navistar, PACCAR, Perkins, Rolls Royce, Scania, Simpson and Company, Solo, STEYR MOTORS, Suzuki, Toro, Toyota, Volkswagen, Volvo, Volvo Penta, Wacker Neuson, WärtsiläWartsila, Weichai Power, Yamabiko, Yamaha, Yanmar, and Zetor.
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Commenting on the report, an analyst from Technavio’ s team said:“ One trend in market is development of homogeneous charge compression ignition engines. The development of an engine that runs on gasoline while delivering the torque and efficiency of a diesel engine has always been the center of study for automotive engineers and researchers worldwide. This has resulted in the development of the homogeneous charge compression ignition engines( HCCI). In these engines, the fuel and air are compressed to the extent that it is auto-ignited. This eliminates the need for a spark plug to ignite the airfuel mixture. This results in consumption of less fuel while generating power levels at par with traditional engines.
According to the report, one driver in market is growing demand for diesel generators. Emergency backup generators can prove to be a lifeline in times of crisis. Power outages even for a few minutes can imperil public health and safety as critical services come to an operational halt. Blackouts also prove to be detrimental to business, resulting in loss of revenue due to the failure to carry out normal operations. In times of power outages due to grid failure, emergency backup generators provide respite to residential as well as commercial and industrial end-users with reliable, instant, and full strength electric power.
Further, the report states that one challenge in market is availability of alternate fuel-powered vehicles. The increased emphasis on reducing emissions and undoing climate change has led to increased adoption of electric vehicles. These vehicles run on electricity. They are equipped with batteries that store electrical