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Dec 23, 2023

Global Internal Combustion Engine Market Report 2023: Featuring AGCO, Hino Motors, Bosch, Ford, General Motors & More

News provided by 18 May, 2023, 05:45 ET Share this article DUBLIN, May 18, 2023

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18 May, 2023, 05:45 ET

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DUBLIN, May 18, 2023 /PRNewswire/ -- The "Global Internal Combustion Engine Market Size, Trends, By Fuel, By End-Use, By Application and By Region: Global Opportunity Analysis and Industry forecast, 2023-2030" report has been added to ResearchAndMarkets.com's offering.

With a CAGR of 4.81 % from 2023 to 2030, the Global Internal Combustion Engine (ICE) Marketis expected to grow from its estimated value of US$ 62903 Bn in 2022 to US$ 98004 Bn by 2030. Several types of cars use internal combustion engines as their power source. It functions by burning petrol or oil to create heat, which is then transformed into power to move the cars it is installed in. In this configuration, an oxidizer is housed in a chamber where it interacts with the combustion process.Market DriversOne of the key factors propelling the growth of the internal combustion engine (ICE) market is the increase in government activities towards emission reduction to control pollutants. The market benefits when manufacturers increase their investments to fulfil government criteria.The market's expansion is accelerated by the growing use of diesel oxidation catalysts (DOC) for the conversion of water and carbon dioxide (CO2) from hydrocarbons and carbon monoxide (CO). This catalyst reduces particulate matter (PM) by destroying harmful waste in the engine's exhaust stream.Due to their greater fuel economy, toughness, and dependability, diesel engines are increasingly preferred over petrol engines, which has a positive impact on the market.Additionally, the market for internal combustion engines (ICEs) is positively impacted by the growth of the automotive industry, a surge in investments, and rising disposable income.Market RestraintsReduced nitrogen oxides (NOx), particulate matter (PM), and reduced specific fuel consumption are all benefits of LTC technology. Before LTC technology is extensively used in car engines, managing ignition time and heat release rate (HRR) are substantial challenges that must be overcome.

Due to the advancement of alternative energy and hybrid vehicle technologies, internal combustion engines are no longer the only option for vehicle power trains. One of the main issues limiting market growth is the increasing adoption of EVs (electric vehicles), as well as the growing scarcity of fossil fuel reserves, which has an impact on the price of petroleum products.Regional AnalysisThe Global Internal Combustion Engine (ICE) Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.Because of the rising demand for the product from several end-use verticals like construction, mining, agriculture, and power generation, Asia-Pacific (APAC) dominates the internal combustion engine (ICE) market.Due to the high rate of car adoption in the region, North America is predicted to experience significant growth during the forecast period.Market TaxonomyBy Fuel

By End-Use

By Application

By RegionNorth America

Latin America

Europe

Asia Pacific

Middle East & Africa

Key Topics Covered: 1 Introduction2 Research Methodology3 Executive Summary4 Global Internal Combustion Engine (ICE) Market Outlook5 Global Internal Combustion Engine (ICE) Market, By Fuel6 Global Internal Combustion Engine (ICE) Market, By End-Use7 Global Internal Combustion Engine (ICE) Market, By Application8 Global Internal Combustion Engine (ICE) Market, By Region9 North America Internal Combustion Engine (ICE) Market Analysis and Forecast (2023-2030)10 Europe Internal Combustion Engine (ICE) Market Analysis and Forecast (2023-2030)11 Asia Pacific Internal Combustion Engine (ICE) Market Analysis and Forecast (2023-2030)12 Latin America Internal Combustion Engine (ICE) Market Analysis and Forecast (2023-2030)13 Middle East Internal Combustion Engine (ICE) Market Analysis and Forecast (2023-2030)14 Competitive Analysis15 Company ProfilesCompanies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/vltcaq

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