Diesel Power Engine Market
Diesel Power Engine Market Size, Share & Trends Analysis Report by Operation (Standby, Prime, and Peak Shaving), by Speed (Below 720 RPM, 720-1000 RPM, and Above 1000 RPM), and by End-User (Industrial, Commercial, and Residential) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Diesel power engine market is anticipated to grow at a CAGR of 4.1% during the forecast period. The rapidly growing establishment of data centres and developments of large-scale infrastructure projects, among others, are major factors driving the market growth to meet the requirements of reliable power backup. Resultantly, the key market players are focusing on developing and introducing new diesel engines to cater to the demand and stay competitive in the market. For instance, in August 2021, Cummins Inc. launched QSK60 G23, a made-in-India diesel generator set with 2,500-2,750 kVA, designed especially to fulfill the increasing power requirements of various industry segments. The genset is designed to minimize downtime and improve the total cost of ownership effectively and innovatively and is capable of withstanding Indian climatic conditions to deliver reliable performance.
Moreover, the requirement for diesel power engine is increased in the automobile industry as it provides better fuel efficiency as compared to petrol engines, hence are increasingly being utilized in commercial and heavy-duty vehicles. To meet the demand of consumers, market players are also launching diesel power engines for the automobile industry. For instance, in September 2020, Ford Motor Co. launched the Ford Endeavour Bi-Turbo diesel engine.
Segmental Outlook
The global diesel power engine market is segmented based on operation, speed, and end-users. Based on the operation, the market is sub-segmented into standby, prime, and peak shaving. Based on the speed, the market is sub-segmented into below 720 RPM, 720-1000 RPM, and above 1000 RPM. Based on the end-user, the market is further sub-segmented into industrial, commercial, and residential. Among these, the standby sub-segment is expected to hold a considerable share of the market due to a growing requirement for emergency power supply by users. In the event of a loss of power supply, the users are relying on powered gensets to meet the demand temporarily which drives the standby sub-segment.
Among end-users, the industrial sub-segment is expected to hold a prominent share in the diesel power engine market over the forecast period owing to an increase in the demand for power which is further increasing with the growing number of industries, business expansions, and a developing service sector. Moreover, the diesel power engine is widely used in the construction industry as the high torque of diesel power engines allows them to pull heavy loads easily compared with petrol engines. As the higher the compression ratios, the higher the thermal efficiency and the better the fuel efficiency. These operation efficiencies of diesel power engines over petrol increase the adoption of diesel power engines in various industries.
Regional Outlooks
The global diesel power engine market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is expected to hold a considerable share of the diesel power engine market during the forecast period, owing to the increasing infrastructure in the region.
Global Diesel Power Engine Market Growth, by Region 2022-2028
The Asia-Pacific is Expected to Hold a Significant Share of the Global Diesel Power Engine Market
Among all regions, the Asia-Pacific is expected to hold a significant market share during the forecast period. Growing population, industrialization, and urbanization coupled with growing disposable income of countries including India, China, and others are some of the major macroeconomic factors fuelling the diesel power engine market regional growth. As industrialization increases, it increases the demand for electricity in the region, therefore the demand for the diesel power engine increases to meet the requirement for reliable backup and prime power supply for industries, and commercial facilities’ end users.
Market Players Outlook
The major companies serving the global diesel power engine market include AGCO Corp, BorgWarner Inc., Caterpillar Inc., Continental AG, Cummins Inc., Doosan Group, FAW Group Corp Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2020, Cummins Inc. launched the C500D6RE mobile generator set which offers a 500-kW power rating as per ISO 8528 and is powered by a US Tier 4 Final certified QSX15 Cummins engine. The QSX15 engine meets the stringent EPA standards without the need for a Diesel Particulate Filter (DPF) offering ease of serviceability, lower emissions, and greater performance. Moreover, the C500D6RE mobile generator is designed to provide reliable power, regardless of climate or altitude.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global diesel power engine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Diesel Power Engine Market by Operation
4.1.1. Standby
4.1.2. Prime
4.1.3. Peak Shaving
4.2. Global Diesel Power Engine Market by Speed
4.2.1. Below 720 RPM
4.2.2. 720-1000 RPM
4.2.3. Above 1000 RPM
4.3. Global Diesel Power Engine Market by End-User
4.3.1. Industrial
4.3.2. Commercial
4.3.3. Residential
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AGCO Corp.
6.2. BorgWarner Inc.
6.3. Caterpillar Inc.
6.4. Continental AG
6.5. Cummins Inc.
6.6. Doosan Group
6.7. FAW Group Corp Ltd.
6.8. Ford Motor Co.
6.9. General Motors
6.10. Hyundai Heavy Industries Co., Ltd.
6.11. John Deere Group
6.12. Kohler Co.
6.13. Kubota Corp.
6.14. MAN SE
6.15. Mitsubishi Heavy Industries, Ltd.
6.16. Robert Bosch GmbH
6.17. Rolls-Royce Holdings plc
6.18. Volvo Penta
6.19. Wärtsilä Corp.
6.20. Yanmar Co. Ltd.
1. GLOBAL DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY OPERATION, 2021-2028 ($ MILLION)
2. GLOBAL STANDBY DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PRIME DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PEAK SHAVING DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
6. GLOBAL BELOW 720 RPM DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL 720-1000 RPM DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL ABOVE 1000 RPM DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
10. GLOBAL INDUSTRIAL DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL COMMERCIAL DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL RESIDENTIAL DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DIESEL POWER ENGINE FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY OPERATION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
18. NORTH AMERICAN DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
19. EUROPEAN DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY OPERATION, 2021-2028 ($ MILLION)
21. EUROPEAN DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
22. EUROPEAN DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY OPERATION, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
27. REST OF THE WORLD DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY OPERATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DIESEL POWER ENGINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL DIESEL POWER ENGINE MARKET SHARE BY OPERATION, 2021 VS 2028 (%)
2. GLOBAL STANDBY DIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL PRIME DIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL PEAK SHAVING POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL DIESEL POWER ENGINE MARKET SHARE BY SPEED, 2021 VS 2028 (%)
6. GLOBAL BELOW 720 RPM DIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL 720-1000 RPMDIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL ABOVE 1000 RPMDIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL DIESEL POWER ENGINE MARKET SHARE BY END-USER, 2021 VS 2028 (%)
10. GLOBAL INDUSTRIAL DIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL COMMERCIAL DIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL RESIDENTIAL DIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL DIESEL POWER ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. US DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
16. UK DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD DIESEL POWER ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
