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Assessment of China's Market for Diesel Engines
GCiS, Aug 2011, Pages: 201
GCiS Market Study Estimates China Non-automotive Diesel Engines Market Worth Around USD 2.3 Bn in 2010 – Growth Driven by Domestic Consumption
The domestic non-automotive diesel engines market in China is valued at approximately USD 12.5 Bn in revenues as of year-end 2010, according to a recent report by GCiS China Strategic Research.
The market study, which focuses on the sales of marine diesel engines, diesel generating sets and engineering machinery diesel engines, estimates growth of approximately 6% in 2010. Many end-user industries continue to suffer from the downturn that followed on the heels of the financial crisis. Demand has nonetheless been recovering, and it is expected that the target industries will maintain a CAGR of around 8% through to 2015.
A rise in domestic consumption, strong growth in end-user industries and high prices for commodities are driving market growth.
Suppliers are optimistic about demand for diesel engines in the coming years. Some of this growth will be driven by technology. Restrictions on CO2 emissions require the application of advanced technologies and parts, increasing the domestic reliance on foreign technology in the short-term. Growth will also come from a boom in inland shipping, the high price of commodities and demand for power grid alternatives.
This Limited Publication Study (LPS) provides an in-depth understanding of the market for diesel engines in Mainland China, which are divided into three product categories: marine diesel engines, diesel generating sets and engineering machinery diesel engines. The report is based on a study of the production, sales, distribution and application of high speed marine diesel engines, medium speed marine diesel engines, low speed marine diesel engines, land-use generating sets, marine generating sets and engineering machinery diesel engines. Included is a quantitative and qualitative assessment of the market's size, trends, development, key participants and opportunities.
This report is comprised of data and analysis of the China Diesel Engines market and presents a predominantly supply-side view in terms of market numbers. In addition to suppliers, primary research covers channel influencers, customers and end-users, and industry experts.
This study focuses on domestic sales of Diesel Engines which are divided into three product categories: marine diesel engines, diesel generating sets and engineering machinery diesel engines.
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