How Big Is the Diesel Market? It's Bigger Than You Think and Getting Bigger

Photo by Tomasz Frankowski on Unsplash

From childhood I've always been interested in the future. How about you? Not that there's anything wrong with the present, but sooner or later today will be long gone and the future will be our home. As a result, we find ourselves thinking about things like will people one day live on the moon or will cars float above the ground like a hover board in Back to the Future? 

That latter image came from the bck of a cereal box when I was a boy in the Sixties. They made it seem like this would take place in the 1980s. We would not only wear out tires, but would also be able to ride across rivers and lakes. Or so we imagined.

As far fetched as that all sounds, here is something that many people could not imagine: that loud, smelly diesel engines would not only get quieter but actually reduce emissions to near zero.  

The fact that this has been happening during the course of our lifetime has hardly received any fanfare, yet it's been happening. This is one reason why diesel is still a growth market. 

According to a recent article in MENAFN,  the diesel engine market will experience a compound annual growth rate of 6.8% per year for the next four years, to more than $332 billion dollars. The article briefly explains what diesel engines are and why this growth will continue.

An article about Clean Diesel in Diesel Technology Forum goes even further out in its projects. The forum authors write:

Diesel is projected to retain a dominant role, thanks to continuous improvement in emissions reductions and improving efficiency.

Today’s cleaner diesel fuels, advanced engines and effective emission controls combine to achieve near zero emissions for fine particles and smog forming compounds like oxides of nitrogen (NOx). Clean diesel’s proven energy efficiency and ability to use renewable fuels position diesel as a key technology to achieve cleaner air, lower greenhouse gas emissions and a sustainable environment around the world.

Cleaner diesel fuel, advanced engines and effective emissions control make up a new generation of diesel. It's clean diesel.

For more information, watch the video and read What Is Clean Diesel

While reading up on all these things I came across this statement at yet another site. By 2027, heavy-duty diesel trucks in the U.S. will deliver a majority of the anticipated 1 billion tons of CO2 reductions, thanks to improved fuel economy standards.

This is a topic that I am researching right now because of a couple articles I have read that seem to be excessively critical of diesel trucks right now.  The efficiency improvements in diesel engine technology have been nothing short of phenomenal. 

Have a great day and enjoy your ride.