San Francisco 26 April 2019 The 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
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, according to a new report by Grand View Research, Inc. 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.
Availability of alternative-fuel options
such as propane auto gas and compressed natural gas as well as and electric
vehicles is anticipated to challenge industry growth. However, a complete
replacement by these substitutes may take a long time owing to the reliability
and efficiency offered by IC engine technology.
Access Research Report of Internal Combustion Engine Market @ https://www.grandviewresearch.com/industry-analysis/internal-combustion-engine-market
Further key findings from the study suggest:
· 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.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/automotive-and-transportation
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
o
Diesel
o
Gasoline
o
Others
·
Natural Gas
o
CNG
o
LNG
o
Others
Internal Combustion Engine End-use Outlook
(Volume, Thousand Units, 2014 - 2025)
·
Automotive
o
50-200 HP
o
200-300 HP
o
<300 HP
·
Marine
o
258-1000 HP
o
400-1400 HP
o
730-1800 HP
·
Aircraft
Internal Combustion Engine Regional Outlook
(Volume, Thousand Units, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Internal Combustion Engine Market@ https://www.grandviewresearch.com/press-release/internal-combustion-engine-market-analysis
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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