June 2012

Trends and Resources

HP Impact: Diesel engine demand to exceed $197 billion in 2015

World demand for diesel engines is projected to grow 6.7% per year through 2015 to $197.5 billion (Table 1). Product sales will be driven by an increase in the production of motor vehicles, particular..

Thinnes, Billy, Hydrocarbon Processing Staff

World demand for diesel engines is projected to grow 6.7% per year through 2015 to $197.5 billion (Table 1). Product sales will be driven by an increase in the production of motor vehicles, particularly medium and heavy trucks and buses. Value gains will also be fueled by the growing use of more technologically advanced, higher value products because of increasingly restrictive emission regulations in a number of regions. These and other trends are presented in a new study from The Freedonia Group.   The Asia-Pacific region was the world’s largest market for diesel engines in 2010 by a wide margin. China and India will be the primary drivers for growth in the region, as exp

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