Market research Future DIESEL POWER ENGINE MARKET SIZE, SHARE 2018 | Page 4

Diesel power engine market Research Report- Forecast to 2023
3 Market Research Analysis
Diesel engines of this power rating are used in large residential areas, commercial buildings, universities,
and industrial applications for standby and prime applications. Moreover, the growing urbanization and
industrialization in regions such as Asia Pacific and the Middle East are expected to drive the growth of
this market in the coming years. Based on the end-user, the market is segmented into industrial,
commercial, residential. The industrial segment is estimated to be the fastest-growing diesel power engine
market, by end-user, from 2018 to 2023. The segment includes power station, oil & gas, and others such
as mining, chemical, and manufacturing. The growth of the industrial sector in Asia Pacific, South
America, and the Middle East & Africa is expected to drive the diesel power engine market. The increased
requirement of power generation in these regions is expected to drive the demand for diesel power engines.
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