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The global diesel power engine market size reached nearly USD 8.75 billion in 2023. The market is projected to grow at a CAGR of 4.7% between 2024 and 2032 to reach a value of around USD 13.23 billion by 2032.
A diesel power engine refers to a kind of internal combustion engine which converts diesel fuel energy into rotatory mechanical energy. Diesel engine design can be based on a two-stroke or four-stroke cycle.
Based on operation, the market is segmented into standby, prime, and peak shaving. On the basis of power rating, the market is classified into below 1 MW, 1 to 5 MW, and more than 5 MW. By end use, the diesel power engine market segmentation includes industrial, commercial, and residential. The major regional markets of diesel power engines include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global diesel power engine market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The standby segment accounts for a significant portion of the diesel power engine market share. This can be attributed to the rapid start capability of standby diesel power engines, making them ideal for emergency situations requiring immediate power supply.
The rising applications of diesel power engines across construction sites are also propelling the growth of the segment forward. In addition, rapid urbanisation and the increasing population levels in emerging economies are expected to heighten the adoption of diesel power engines in the forecast period.
As per the diesel power engine market analysis, the Asia Pacific is likely to experience a healthy growth. Rapid industrialisation across emerging economies such as India and China, coupled with a strong foothold of local diesel engine manufacturers, is driving the market growth in the region. Rising investments in residential construction projects in various countries, like India, Indonesia, and China, are further escalating the installation of diesel power engines.
Caterpillar Inc. is a company which manufactures construction and mining equipment, diesel and natural gas engines, and industrial turbines, among other products. It was founded in 1925 and is headquartered in Texas, the United States.
Cummins Inc. is a multinational corporation which manufactures and sells engines and filtration and power generation products, among others. The company was founded in 1919 and is headquartered in Indiana, the United States.
Kohler Co. is a company which manufactures solutions such as diesel engines, industrial generators, and continuous power solutions, among others. It was founded in 1873 and is headquartered in Wisconsin, the United States.
Other diesel power engine market players include AB Volvo, Mitsubishi Heavy Industries, Ltd., Wärtsilä Corporation, KUBOTA Corporation, IHI Corporation, Yanmar Holdings Co., Ltd, and Daihatsu Diesel Mfg.Co.,Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Operation |
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Breakup by Power Rating |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of nearly USD 8.75 billion in 2023.
The market is estimated to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 13.23 billion by 2032.
The growing applications of diesel power engines in various sectors, such as agriculture and marine, the global increase in demand for electricity, and the thriving construction sector across emerging economies are the major drivers of the market.
The key trends in the market include the rising healthcare expenditure and rapid development of data centres across developing economies.
Standby, prime, and peak shaving are the different operations of diesel power engines.
Below 1 MW, 1 to 5 MW, and more than 5 MW are the major segments based on power ratings of diesel power engines.
Caterpillar Inc., Cummins Inc., Kohler Co., AB Volvo, Mitsubishi Heavy Industries, Ltd., Wärtsilä Corporation, KUBOTA Corporation, IHI Corporation, Yanmar Holdings Co., Ltd, and Daihatsu Diesel Mfg.Co.,Ltd., among others, are the key market players.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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