Diesel power Engine Market 2023 Global Key Player: Caterpillar Inc., Cummins, Inc, MAN SE, Rolls-Royce Holdings plc., Wärtsilä Corp, Mitsubishi Heavy Industries, Ltd., Volvo Penta, Hyundai Heavy Industries Co., Ltd., Doosan, Yanmar Co., Ltd., Kubota Cor

Market Scenario:

The diesel engine is an internal combustion engine that uses the heat of compression for ignition of a fuel charge. Mechanical ignition components used in gasoline engines, such as spark plugs, coils, and distributor assemblies, are not required for ignition. Instead, as the piston in a diesel engine cylinder moves upward on its compression stroke, it compresses the air in the cylinder. The air temperature in the cylinder increases to ignite the diesel fuel as it is injected into the cylinder. Despite the fundamental difference in the way, ignition occurs, the major components of a diesel engine are similar to those found in a gasoline engine. Both, the engines have a cylinder block, crankshaft, valve train, camshaft, pistons, and connecting rods. They both require a lubrication system and a cooling system.

Diesel power engines are used in various sectors such as industrial, commercial, and residential for standby, prime, continuous, and peak shaving. Increase in demand for data centres and IT facilities, and rapid urbanization in developing countries, are projected to drive the diesel power engine market. However, the emergence of alternate sources of power generation may restrain the market growth.

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Global diesel power engine market has been segmented based on operation, rated power, end-user and region. Based on the operation the market is segmented into standby, prime, and peak shaving. Among these, the standby segment is estimated to dominate the diesel power engine market in 2017. Also, it is projected to grow at the highest rate during the forecast period due to the increased requirement for backup power in various applications such as residential, hospitals, and power plants for quick power generation. Based on the rated power, the market is segmented into Up To 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW. The 1 MW-2 MW segment is estimated to dominate the diesel power engine market in 2017. Diesel engines of this power rating are used in large residential areas, commercial buildings, universities, and industrial applications for standby and prime applications. Moreover, the growing urbanization and industrialization in regions such as Asia Pacific and the Middle East, are expected to power the growth of this market in future. Based on the end-user, the market is segmented into industrial, commercial, residential. The industrial segment, by end-user, is estimated to be the fastest-growing diesel power engine market, during the forecast period. The industrial segment includes power station, oil & gas, and others such as mining, chemical, and manufacturing. The growth of this segment, especially in Asia Pacific, South America, and the Middle East & Africa, is expected to drive the diesel power engine market. The higher requirement of power generation in these regions is expected to drive the demand for diesel power engine.

The diesel power engine market is projected to have a considerable number of developments over the forecast period owing to continuous technological advancement in energy sector coupled with growing power demand. The market is also expected to have high expansion activities by multinationals and well-established companies. Mergers and acquisition activities are expected to be seen over the forecast period with numerous contracts and agreements between top EPC and Government, across the globe.
The global diesel power engine market is expected to grow at ~ 5.5% CAGR during the forecast period.

Market Research Analysis

Standby by operation, 1 MW-2 MW by rated power and industrial by end-user are expected to grow at the highest CAGR.

Global diesel power engine market has been segmented based on operation, rated power, end-user and region. Based on operation, the market is segmented into standby, prime, and peak shaving. Among these, the standby segment is estimated to dominate the diesel power engine market in 2017. Also, it is projected to grow at the highest rate during the forecast period due to the increased requirement for backup power in various applications such as residential, hospitals, and power plants for quick power generation. Based on the rated power the market is segmented into Up To 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW. The 1 MW-2 MW segment is estimated to dominate the diesel power engine market in 2017. Diesel engines of this power rating are used in large residential areas, commercial buildings, universities, and industrial applications for standby and prime applications. Moreover, the growing urbanization and industrialization in regions such as Asia Pacific and the Middle East are expected to drive the growth of this market in the coming years. Based on the end-user, the market is segmented into industrial, commercial, residential. The industrial segment is estimated to be the fastest-growing diesel power engine market, by end-user, from 2017 to 2023. The segment includes power station, oil & gas, and others such as mining, chemical, and manufacturing. The growth of the industrial sector in Asia Pacific, South America, and the Middle East & Africa is expected to drive the diesel power engine market. The increased requirement of power generation in these regions is expected to drive the demand for diesel power engines.

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Key Players

The key players of global diesel power engine market are Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), MAN SE (Germany), Rolls-Royce Holdings plc. (U.K.), Wärtsilä Corp (Finland), Mitsubishi Heavy Industries, Ltd. (Japan), Volvo Penta (Sweden), Hyundai Heavy Industries Co., Ltd. (South Korea), Doosan (South Korea), Yanmar Co., Ltd. (Japan), Kubota Corporation (Japan) and Kohler Co. (U.S.).

Scope of the Report

This study provides an overview of the global diesel power engine market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the diesel power engine market by its operations, by rated power, by end-user and by region.

• By Operation

• Standby
• Prime
• Peak Shaving

• By Rated Power

• Up To 0.5 MW
• 5–1 MW
• 1–2 MW
• 2–5 MW
• Above 5 MW

• By End-User

• Industrial
• Commercial
• Residential
• By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

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