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The diesel power engine market size is forecast to increase by USD 39.1 billion at a CAGR of 3.21% between 2023 and 2028. The market is experiencing significant growth due to several key factors. Diesel generators continue to be preferred over natural gas engines in various sectors such as construction, healthcare, and telecommunication, owing to their superior fuel efficiency and reliability. The World Steel Association reports a steady increase in crude steel production, driving the demand for diesel power engines in this sector. Additionally, the Smart City Mission and initiatives towards water body rejuvenation and sewage management in residential societies are fueling the market growth. Advancements in diesel power engine technology, including improved fuel injection systems and better combustion processes, are enabling higher efficiency and lower emissions. Strict emission regulations are pushing manufacturers to innovate and develop cleaner diesel engines. In the US context, the market is expected to witness continued growth, driven by these trends and the need for sustainable energy solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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