SAN FRANCISCO, April 8, 2019
SAN FRANCISCO, April 8, 2019 /PRNewswire/ -- 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.
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Read 101 page research report with TOC on "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" at: https://www.grandviewresearch.com/industry-analysis/internal-combustion-engine-market
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.
Grand View Research has segmented the global internal combustion engine (ICE) market on the basis of fuel, end use, and region:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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