Internal Combustion Engine Market Driven By Rising Need For Fuel Efficiency Till 2025: Grand View Research,Inc.

April 16 11:36 2019
Internal Combustion Engine Market Driven By Rising Need For Fuel Efficiency Till 2025: Grand View Research,Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,Rising need for fuel efficiency has resulted in engine downsizing and turbocharging, which is expected to escalate internal combustion engine market growth over the coming years. Development of several advanced combustion modes such as homogeneous charge compression ignition (HCCI) is expected to catalyze the growth of the internal combustion engines market.

According to a report ,” Internal Combustion Engine (ICE) Market Size, Share & Trends Analysis Report By Fuel (Petroleum, Natural Gas), By End Use (Automotive, Aircraft, Marine), By Region, And Segment Forecasts, 2018 – 2025″published by Grand View Research, Inc., The global internal combustion engine (ICE) market demand is expected to reach 229,439 thousand units by 2025 at a 4.9% CAGR during the forecast period. Rising need for fuel efficiency has resulted in engine downsizing and turbocharging, which is expected to escalate market growth over the coming years. Development of several advanced combustion modes such as homogeneous charge compression ignition (HCCI) is expected to catalyze the growth of the internal combustion engines market. The automotive ICE segment is expected to witness significant growth owing to high vehicle demand over the forecast period. Surging demand for high efficiency engines with low carbon emission is also expected to fuel segment growth.

Key Takeaways from the report:

  • The petroleum segment captured the largest share by fuel type in 2017 and is expected to register a CAGR of close to 5.0% from 2018 to 2025. This growth is ascribed to increasing demand for gasoline powered vehicles as well increasing production of shale gas

  • By end use, the automotive engines segment is projected to witness healthy growth over the forecast years, primarily on account of surge in demand for commercial as well as passenger vehicles

  • Rising demand for submarines and ships for military applications is expected to drive the marine engines segment from 2018 to 2025

  • The Asia Pacific internal combustion engines market accounted for over 40.0% of the overall market volume in 2017, fueled by high demand across the automotive segment

  • Key players in this market include Volkswagen AG, General Motors, Rolls-Royce, Caterpillar Inc., Cummins, Toyota Industries Corporation, and Volvo. The industry faces several challenges owing to frequent update in government rules and regulations, making value chain analysis significant.

India internal combustion engine market demand, by end use, 2014 - 2025 (Thousand Units)

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Global internal combustion engine market share, by end use, 2017 (%)

Grand View Research has segmented the global internal combustion engine (ICE) market on the basis of fuel, end use, and region:

Internal Combustion Engine Fuel Type Outlook (Volume, Thousand Units, 2014 – 2025)

  • Petroleum

    • Diesel

    • Gasoline

    • Others

  • Natural Gas

    • CNG

    • LNG

    • Others

Internal Combustion Engine End-use Outlook (Volume, Thousand Units, 2014 – 2025)

  • Automotive

    • 50-200 HP

    • 200-300 HP

    •  

  • Marine

    • 258-1000 HP

    • 400-1400 HP

    • 730-1800 HP

  • Aircraft

Internal Combustion Engine Regional Outlook (Volume, Thousand Units, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: https://www.grandviewresearch.com/

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