According to the report the global diesel power engine market reached a value of USD 8.36 billion in 2022. Aided by the increasing demand for reliable power generation and the growing applications of diesel power engines across various sectors, the market is projected to further grow at a CAGR of 4.63% between 2023 and 2028 to reach a value of USD 11.01 billion by 2028.
Diesel power engines, known for their efficiency and durability, are frequently employed in sectors like power generation, marine, construction, and industrial applications. They play an instrumental role in providing consistent and stable power supply, making them crucial in operations where power reliability is paramount. Beyond their power attributes, diesel power engines also boast superior fuel efficiency and robustness, making them invaluable assets in various industrial operations, including mining, oil and gas, and manufacturing.
The rising demand for consistent and efficient power generation is a primary driver of the global diesel power engine market growth. With increasing industrialisation and urbanisation, the demand for reliable power has surged, propelling the growth of the market. Furthermore, the growing trend of infrastructure development across emerging economies has contributed to the escalating demand for diesel power engines, given their crucial role in construction equipment and machinery.
The broadening applications of diesel power engines across multiple sectors significantly contribute to the diesel power engine market expansion. In the marine industry, diesel power engines are the backbone of various vessels due to their reliability and efficiency. The manufacturing sector employs these engines for their durability and high performance, critical for various industrial processes. Furthermore, diesel power engines' fuel efficiency makes them essential in power-dependent sectors like data centres and hospitals.
Moreover, the growing demand for standby power solutions in commercial establishments has spurred an increased focus on diesel power engines. With the escalating need for uninterrupted power supply in commercial spaces like shopping malls, corporate offices, and hotels, diesel power engines have emerged as vital assets. Their reliability and quick start-up times assure business continuity, thus driving market growth.
Furthermore, technological advancements aiming to reduce emissions and improve efficiency present additional growth opportunities for the diesel power engine market. Innovations such as advanced exhaust after-treatment systems and common rail fuel injection technology have increased the attractiveness of diesel power engines from an environmental perspective.
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Diesel power engines, known for their efficiency and durability, are frequently employed in sectors like power generation, marine, construction, and industrial applications. They play an instrumental role in providing consistent and stable power supply, making them crucial in operations where power reliability is paramount. Beyond their power attributes, diesel power engines also boast superior fuel efficiency and robustness, making them invaluable assets in various industrial operations, including mining, oil and gas, and manufacturing.
The rising demand for consistent and efficient power generation is a primary driver of the global diesel power engine market growth. With increasing industrialisation and urbanisation, the demand for reliable power has surged, propelling the growth of the market. Furthermore, the growing trend of infrastructure development across emerging economies has contributed to the escalating demand for diesel power engines, given their crucial role in construction equipment and machinery.
The broadening applications of diesel power engines across multiple sectors significantly contribute to the diesel power engine market expansion. In the marine industry, diesel power engines are the backbone of various vessels due to their reliability and efficiency. The manufacturing sector employs these engines for their durability and high performance, critical for various industrial processes. Furthermore, diesel power engines' fuel efficiency makes them essential in power-dependent sectors like data centres and hospitals.
Moreover, the growing demand for standby power solutions in commercial establishments has spurred an increased focus on diesel power engines. With the escalating need for uninterrupted power supply in commercial spaces like shopping malls, corporate offices, and hotels, diesel power engines have emerged as vital assets. Their reliability and quick start-up times assure business continuity, thus driving market growth.
Furthermore, technological advancements aiming to reduce emissions and improve efficiency present additional growth opportunities for the diesel power engine market. Innovations such as advanced exhaust after-treatment systems and common rail fuel injection technology have increased the attractiveness of diesel power engines from an environmental perspective.
Market Segmentation
The market can be divided based on operation, power rating, end use, and region.Market Breakup by Operation
- Standby
- Prime
- Peak Shaving
Market Breakup by Power Rating
- Below 1 MW
- 1 to 5 MW
- More than 5 MW
- Others
Market Breakup by End Use
- Industrial
- Commercial
- Residential
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global diesel power engine companies. Some of the major key players explored in the report are as follows:- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
- AB Volvo
- Mitsubishi Heavy Industries, Ltd.
- Wärtsilä Corporation
- KUBOTA Corporation
- IHI Corporation
- Yanmar Holdings Co., Ltd
- Daihatsu Diesel Mfg.Co.,Ltd.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Diesel Power Engine Market Analysis
8.1 Key Industry Highlights
8.2 Global Diesel Power Engine Historical Market (2018-2022)
8.3 Global Diesel Power Engine Market Forecast (2023-2028)
8.4 Global Diesel Power Engine Market by Operation
8.4.1 Standby
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Prime
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Peak Shaving
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Diesel Power Engine Market by Power Rating
8.5.1 Below 1 MW
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 1 to 5 MW
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 More than 5 MW
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Diesel Power Engine Market by End Use
8.6.1 Industrial
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Residential
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Diesel Power Engine Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Diesel Power Engine Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Diesel Power Engine Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Diesel Power Engine Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Diesel Power Engine Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Diesel Power Engine Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirate
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Caterpillar Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cummins Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Kohler Co.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AB Volvo
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mitsubishi Heavy Industries, Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Wärtsilä Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 KUBOTA Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 IHI Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Yanmar Holdings Co., Ltd
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Daihatsu Diesel Mfg.Co.,Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
- AB Volvo
- Mitsubishi Heavy Industries, Ltd.
- Wärtsilä Corporation
- KUBOTA Corporation
- IHI Corporation
- Yanmar Holdings Co., Ltd
- Daihatsu Diesel Mfg.Co.,Ltd.
Methodology
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