Diesel Power Engine Market by Operation (Standby, Prime, and Peak Shaving), Power Rating (Below 0.5 MW, 0.5-1 MW, 1.0-2 MW, 2.0–5 MW, and Above 5 MW), End User (Industrial, Commercial, and Residential), Speed, and Region - Global Forecast to 2025
[189 Pages Report] The global diesel power engine market size is projected to reach USD 7.9 billion by 2025 from an estimated value of USD 6.3 billion in 2020, at a CAGR of 4.6% during the forecast period. Increased industrialization, rising standard of living, and demand for reliable back up power are the main drivers for the market. Moreover, increased investments in datacenters and commercial facilities is expected to further drive the demand for this product.
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COVID-19 Impact on the Global Diesel Power Engine Market
The diesel power engine market includes major Tier I and II suppliers like Caterpillar, Cummins, Wartsila, Rolls Royce Holdings, and MAN SE. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, Middle East & Africa, and South America. COVID-19 has impacted their businesses as well.
- On April 2020, leading diesel power engine manufacturer Caterpillar announced its financial results. The company’s first quarter revenue in 2020 witnessed a 21% decline compared to that of previous year’s first quarter revenue. This was due to low end user demand and impact from changes in dealer inventories.
- In April 2020, Rolls-Royce Holdings announced a reorganization of its business to address the medium-term impact of COVID-19. Under this reorganization, the company let go of 9000 personnel along with expenditure cuts on people, plants, and equipment. The company aims to save an annualized savings of GBP 1.3 billion through this reorganization.
Global Diesel Power Engine Market Dynamics
Driver: Rising demand for reliable and uninterrupted power
Electricity is a critical resource to drive growth for any country. According to the International Energy Outlook 2019 by EIA, global electricity demand is expected to increase by 2.11% per year until 2040. A major part of the growth is expected to occur in non-OECD countries, such as China and India. However, the short-term electricity demand in 2020 is expected to fall by 5% as a consequence of COVID-19 and the resultant economic downturn. In case of a faster recovery, the demand is expected to fall by 2%. From 2010 to 2018, global energy electricity production capacity grew at a faster rate, and the growth of the T&D network development has not kept pace, thereby resulting in reliability issues such as power outages and surges. Developing regions face more blackouts and power outages, whereas developed regions face more brownouts and voltage fluctuations.
Restraint: Competition from alternative energy sources
Energy sources such as fuel cells, batteries, renewables, solar PVs, and SOFC cells can act as alternative sources of power generation and storage in many developed countries. As an example, the demand for efficient power generation has been on a constant rise in the US, with many organizations seeking to cut down on their electricity and heating costs. Solid oxide fuel cells offer an energy efficiency of over 60% in comparison to competing technologies such as reciprocating engines, which have an efficiency of less than 35%. Moreover, the growth of renewable energy, such as solar and wind, has driven down the per unit cost of the produced energy. The cost of power generation using diesel is 2–3 times more than the cost incurred using renewable energy technologies.
Opportunity: Growth in hybrid power generation in rural and remote locations
The power generation requirement for remote areas or off-grid locations, such as telecom towers, remote industrial units, small villages, islands, and more, can be met by hybrid power generation. The majority of the off-grid sites are located in developing regions such as Africa and Asia Pacific, where electrification is not absolute. According to World Energy Outlook, the electrification rate in Sub-Saharan Africa is 35%, and the rural electrification rate is only 19%; approximately 550 million people live without electricity. Due to the lack of grid networks in developing countries of Asia Pacific, approximately 600 million people live without any access to electricity. Laying down grid networks in these regions to ensure 100% electrification requires a huge investment. The power demands of such remote sites are met through hybrid power solutions involving diesel generators and renewables. The hybrid power system combines diesel generators with renewable sources (wind, solar, or both). It ensures a 24*7 power supply to off-grid sites with fewer interruptions.
Challenges: Stringent environmental and governmental regulations
Stringent governmental norms have been imposed for diesel fuel globally to reduce emissions and meet environmental regulations. In 2014, the US EPA mandated that the diesel standard for non-road diesel engines must be Ultra-Low Sulfur Diesel (ULSD). The main challenge for generator manufacturers is to reduce emission levels while maintaining performance levels. For instance, in 2016, Caterpillar launched C175-16 IMO Tier II and IMO Tier III Emissions Certified gensets with diesel engines for the offshore industry to meet the emission norms. During 2018–20, many manufacturers launched new products that comply with these stringent standards.
The standby segment is projected to be the largest diesel power engine market, by operation, during the forecast period
The diesel power engine market has been segmented, by operation, into standby, prime /continuous, and peak shaving. Standby diesel engines are used by end users for emergency power supply. In the event of loss of power supply from the grid, the consumer can rely on the diesel engine-powered gensets to meet the demand temporarily. The standby segment is expected to have a larger market share due to the quick start capability, low initial cost of diesel engine powered generators and lack of large scale commercially viable alternatives for backup power solutions. Increased industrialization in Asia Pacific, and growing datacenter investments in Europe and North America are the likely to fuel the diesel power engine demand.
The commercial segment is projected to be the fastest growing market during the forecast period
The diesel power engine market has been segmented, by end user, into industrial, commercial, and above residential. The commercial sector is expected to be the fastest growing market during the forecast period due to the increased commercial sector investments especially in hospitals, datacenters. One of the few sectors that saw a surge in demand during ongoing COVID pandemic are datacenters and hospitals. Companies such as Microsoft (US), Amazon (US), Alphabet (US), Apple (US), and Facebook (US) spent above USD 70 billion in total in 2019 on capital projects. Emergency standby power is required for datacenters to stay online in spite of the main power grid supply interruptions. These developments are expected to drive the growth in commercial segment.
The 0.5–1 MW segment is projected to be the fastest growing diesel power engine market, by power rating, during the forecast period
The diesel power rating market has been categorized on the basis of power rating into below 0.5 MW, 0.5–1 MW, 1.01–2 MW, 2.01–5 MW, and Above 5 MW. The demand for diesel power engines in this capacity category comes from large scale residential facilities, commercial complexes, hospitals, small-scale datacenters, and other commercial end users. In commercial complexes and office spaces, the power demand mainly comes from lighting loads and HVAC loads. According to BNP Paribas 2019 Global Commercial Real Estate Report, European commercial real estate investments in 2018 amounted to EUR 264 billion, and the market is expected to retain its positive momentum in the future. With increased commercial real estate investments, the demand for standby power for commercial spaces is expected to grow, contributing to the demand for diesel power engines.
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Asia Pacific is projected to be the largest market during the forecast period
In this report, the Asia Pacific market is segmented into five regions, namely, Asia Pacific, Europe, North America, Middle East & Africa, and South America. Asia Pacific is expected to be the largest market share during the forecast period. Growing population, Urbanization and increased standard of living coupled with industrialization, contribute to growing electricity demand. Diesel power engine market is expected to grow in this region to meet the need for reliable backup and prime power supply for industries, commercial facilities and residential end users.
The diesel power engine market is dominated by few a globally established players such as Caterpillar (US), Cummins (US), Wartsila (Finland), Rolls Royce Holdings (UK), and MAN SE (Germany)
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Report Metric |
Details |
Market size available for years |
2018–2025 |
Base year considered |
2019 |
Forecast period |
2020–2025 |
Forecast units |
Value (USD Million) and Volume (MW) |
Segments covered |
By Operation, By End User, By Power Rating, By Speed |
Geographies covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
Companies covered |
The major market players include Caterpillar (US), Cummins (US), Wartsila (Finland), Rolls Royce Holdings (UK), and MAN SE (Germany) (Total 20 companies) |
The study categorizes the diesel power engines market based on operation, end user, power rating, and speed at the regional and global level.
By Operation
- Standby
- Prime /Continuous
- Peak Shaving
By End User
- Industrial
- Commercial
- Residential
By Power Rating
- Below 0.5 MW
- 0.5–1 MW
- 1.0–2 MW
- 2.0–5 MW
- Above 5 MW
By Speed
- Below 720 rpm
- 720–1000 rpm
- Above 1000 rpm
By Region
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
Recent Developments
- In May 2020, Larsen & Toubro was awarded a contract to strengthen the urban HT line Caterpillar released 8 new models with standby power ratings ranging from 250 kW to 600 kW, for stationary standby applications.
- In April 2020, Wärtsilä won a contract to deliver diesel power engines to Isla Norte Energy Corp’s (Philippines) 23-MW power plant on the island of Bantayan (Philippines). The company has won a contract to supply 2 of its W32 series diesel power engines.
- In January 2020, Cummins launched a new 500 kW mobile diesel genset, which complies with Tier 4 emission standards. The C500D6RE model genset has a power rating of 500 kW as per ISO 8528, and is powered by a US Tier 4 Final-certified QSX15 Cummins engine.
- In August 2019, Doosan Infracore entered an engine production and sales contract with BBI Indonesia. Under this contract, the company will produce 1600 units a year in BBI’s production facility in Indonesia to cater to the needs of the South East Asian market.
Frequently Asked Questions (FAQ):
What is the current size of the global diesel power engine market?
The global diesel power engine market is estimated to be USD 6.3 billion in 2020 and projected to reach USD 7.9 billion by 2025, at a CAGR of 4.6%.
What are some mandates for diesel power engines?
Stringent governmental norms have been imposed for diesel fuel globally to reduce emissions and meet environmental regulations. In 2014, the US EPA mandated that the diesel standard for non-road diesel engines must be Ultra-Low Sulfur Diesel (ULSD).
Who are the winners in the market?
Companies such as Caterpillar, Cummins, Wartsila, Rolls Royce Holdings, and Man SE fall under winner’s category. These companies cater to the requirements of their customers by providing up to date products that meet stringent of the emission norms and serve wide range of applications based on customer requirement. Moreover, these companies have strong distribution network, order book, and have effective supply chain strategies.
What is the impact of COVID-19 on the diesel power engine market?
COVID-19 outbreak led to large scale shutdown of operations across sectors, and disruption of projects and investments across end use industries. Due to extended lockdown and disruption of operations the end use demand was low, and this was reflected in the 2020 first quarter sales of both Caterpillar, and Cummins who registered 21%, and 19% decline in revenues respectively.
What will be the revenue pockets for the diesel power engine market in the next five years?
Due to data explosion and wide spread adaption of AI, cloud technologies, the investments in datacenters is on the rise. Even during the COVID pandemic datacenters are one of the few sectors which experienced massive demand growth and rise in investments. Due to these factors demand for diesel power engines for backup power supply in datacenters is expected to grow.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 DIESEL POWER ENGINE MARKET: INCLUSIONS & EXCLUSIONS
TABLE 1 DIESEL POWER ENGINE MARKET, BY OPERATION: INCLUSIONS & EXCLUSIONS
TABLE 2 DIESEL POWER ENGINE MARKET, BY END USER: INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.7.1 DEMAND HAS NOT INCREASED AS EXPECTED
FIGURE 1 MNM DOWNGRADES ITS FORECAST OF MARKET (2018–2021)
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 2 DIESEL POWER ENGINE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.2 SCOPE
FIGURE 3 MAIN METRICS CONSIDERED IN ASSESSING DEMAND FOR DIESEL POWER ENGINES
2.3 MARKET SIZE ESTIMATION
2.3.1 DEMAND-SIDE ANALYSIS
2.3.1.1 Calculation
2.3.1.2 Assumptions
2.3.2 SUPPLY-SIDE ANALYSIS
FIGURE 4 SUPPLY-SIDE ANALYSIS
2.3.2.1 Calculation
FIGURE 5 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY SIDE FOR DIESEL POWER ENGINE
2.3.2.2 Assumptions
FIGURE 6 REVENUE ANALYSIS, 2019
2.3.3 FORECAST
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION METHODOLOGY
2.5 PRIMARY INSIGHTS
FIGURE 8 KEY SERVICE PROVIDERS’ POINTS OF VIEW
3 EXECUTIVE SUMMARY (Page No. - 40)
FIGURE 9 SCENARIO ANALYSIS: DIESEL POWER ENGINE MARKET (2018–2025)
FIGURE 10 SCENARIO ANALYSIS: MARKET
TABLE 3 DIESEL POWER ENGINE UNIT MARKET SNAPSHOT
FIGURE 11 EUROPE TO GROW AT HIGHEST CAGR (2020–2025)
FIGURE 12 INDUSTRIAL SEGMENT TO LEAD MARKET (2020–2025)
FIGURE 13 STANDBY SEGMENT TO LEAD MARKET (2020–2025)
FIGURE 14 1.0–2 MW SEGMENT TO LEAD MARKET (2020–2025)
FIGURE 15 ABOVE 1000 RPM SEGMENT TO DOMINATE MARKET (2020–2025)
4 PREMIUM INSIGHTS (Page No. - 46)
4.1 ATTRACTIVE MARKET OPPORTUNITIES DURING FORECAST PERIOD
FIGURE 16 INCREASED DEMAND FOR BACKUP POWER SOLUTIONS FROM INDUSTRIAL AND COMMERCIAL SECTORS DRIVING MARKET, 2020–2025
4.2 DIESEL POWER ENGINE MARKET, BY REGION
FIGURE 17 EUROPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 MARKET, BY OPERATION
FIGURE 18 STANDBY SEGMENT DOMINATED MARKET IN 2019
4.4 MARKET, BY END USER
FIGURE 19 INDUSTRIAL SEGMENT DOMINATED MARKET IN 2019
4.5 MARKET, BY POWER RATING
FIGURE 20 1.0–2 MW SEGMENT DOMINATED MARKET IN 2019
4.6 MARKET, BY SPEED
FIGURE 21 ABOVE 1000 RPM SEGMENT DOMINATED MARKET IN 2019
5 MARKET OVERVIEW (Page No. - 49)
5.1 INTRODUCTION
5.2 YC SHIFT ANALYSIS
5.3 COVID-19 HEALTH ASSESSMENT
FIGURE 22 COVID-19’S GLOBAL PROPAGATION
FIGURE 23 COVID-19 TRANSMISSION IN SELECTED COUNTRIES
5.4 COVID-19: ECONOMIC ASSESSMENT
FIGURE 24 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
5.5 MARKET DYNAMICS
FIGURE 25 DIESEL POWER ENGINE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.5.1 DRIVERS
5.5.1.1 Rising demand for reliable and uninterrupted power
FIGURE 26 GLOBAL ELECTRICITY DEMAND BY SECTOR, 2018–2040
5.5.1.2 Growing commercial sector investments
5.5.1.3 Increasing urbanization and industrialization
FIGURE 27 GLOBAL POPULATION (MILLION), 1950–2050
5.5.2 RESTRAINTS
5.5.2.1 High fuel and operation & maintenance costs
5.5.2.2 Competition from alternative energy sources
5.5.3 OPPORTUNITIES
5.5.3.1 Growth in hybrid power generation in rural and remote locations
5.5.4 CHALLENGES
5.5.4.1 Stringent environmental and governmental regulations
TABLE 4 TIER 4 EMISSION STANDARDS: ENGINES ABOVE 560 KW, G/KWH
5.5.4.2 Rising demand for natural gas in power generation applications
5.6 COVID-19 IMPACT ON STANDBY DIESEL POWER ENGINE MARKET
FIGURE 28 STANDBY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.6.1 DRIVERS
5.6.1.1 Increased demand for reliable power from healthcare sector
5.6.2 CHALLENGES
5.6.2.1 Supply chain disruption due to COVID-19
TABLE 5 COUNTRY-WISE PERCENTAGE DEVIATION FROM BENCHMARKS DUE TO COVID-19
5.7 VALUE CHAIN ANALYSIS
FIGURE 29 STANDBY DIESEL POWER ENGINE UNIT VALUE CHAIN
5.7.1 RAW MATERIAL
5.7.2 MANUFACTURING
5.7.3 DISTRIBUTION & POST-SALES SERVICES
5.8 CASE STUDY ANALYSIS
5.8.1 DIESEL-POWERED ELECTRICITY GENERATION FOR EMERGENCY POWER SUPPLY
5.8.1.1 Summa Health
5.8.1.2 AVK
6 SCENARIO ANALYSIS (Page No. - 60)
6.1 SCENARIO ANALYSIS
FIGURE 30 CRITERIA IMPACTING ECONOMY
6.1.1 OPTIMISTIC SCENARIO
TABLE 6 OPTIMISTIC SCENARIO: STANDBY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
6.1.2 REALISTIC SCENARIO
TABLE 7 REALISTIC SCENARIO: STANDBY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
6.1.3 PESSIMISTIC SCENARIO
TABLE 8 PESSIMISTIC SCENARIO: STANDBY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
7 DIESEL POWER ENGINE MARKET, BY OPERATION (Page No. - 63)
7.1 INTRODUCTION
FIGURE 31 STANDBY DIESEL POWER ENGINES ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
TABLE 9 DIESEL POWER ENGINE MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 10 MARKET SIZE, BY OPERATION, 2018–2025 (MW)
7.1.1 INDUSTRY INSIGHTS
FIGURE 32 STANDBY DIESEL POWER ENGINE ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
7.2 STANDBY
7.2.1 INCREASING DEMAND FOR UNINTERRUPTED POWER SUPPLY FOR CRITICAL LOADS TO DRIVE GROWTH
TABLE 11 STANDBY: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
7.3 PRIME/CONTINUOUS
7.3.1 DECLINING DIESEL FUEL COSTS AND INCREASED POWER DEMAND TO DRIVE GROWTH
TABLE 12 PRIME/CONTINUOUS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
7.4 PEAK SHAVING
7.4.1 GROWING INTEREST IN DEMAND-SIDE MANAGEMENT AMONG EUROPEAN AND NORTH AMERICAN UTILITIES TO DRIVE DEMAND
TABLE 13 PEAK SHAVING: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
8 DIESEL POWER ENGINE MARKET, BY END USER (Page No. - 69)
8.1 INTRODUCTION
FIGURE 33 INDUSTRIAL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
TABLE 14 STANDBY MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
TABLE 15 STANDBY MARKET SIZE, BY END USER, 2018–2025 (MW)
8.1.1 INDUSTRY INSIGHTS
FIGURE 34 STANDBY DIESEL POWER ENGINES FOR INDUSTRIAL SEGMENT HELD LARGEST MARKET SHARE IN 2019
8.2 INDUSTRIAL
8.2.1 GROWING DEMAND FOR BACKUP AND PRIME POWER SOLUTIONS TO DRIVE GROWTH
TABLE 16 INDUSTRIAL: STANDBY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
8.3 COMMERCIAL
8.3.1 INCREASING DATACENTER INVESTMENTS AND INCENTIVES FROM UTILITIES TO COMMERCIAL CONSUMERS TO DRIVE GROWTH
TABLE 17 COMMERCIAL: STANDBY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
8.4 RESIDENTIAL
8.4.1 INCREASING RESIDENTIAL INVESTMENTS TO MEET GROWING POPULATION AND URBANIZATION DEMAND TO DRIVE STATIONARY MARKET
TABLE 18 RESIDENTIAL: STATIONARY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
9 DIESEL POWER ENGINE MARKET, BY POWER RATING (Page No. - 75)
9.1 INTRODUCTION
FIGURE 35 1.0–2 MW SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019
TABLE 19 STATIONARY MARKET SIZE, BY POWER RATING, 2018–2025 (USD MILLION)
TABLE 20 STATIONARY MARKET SIZE, BY POWER RATING, 2018–2025 (MW)
9.1.1 INDUSTRY INSIGHTS
FIGURE 36 STATIONARY DIESEL POWER ENGINES FOR INDUSTRIAL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
9.2 BELOW 0.5 MW
9.2.1 INCREASING POPULATION AND DEMAND FOR RESIDENTIAL BACKUP SOLUTIONS TO DRIVE GROWTH
TABLE 21 BELOW 0.5 MW: STATIONARY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
9.3 0.5–1 MW
9.3.1 INCREASING COMMERCIAL REAL ESTATE INVESTMENTS EXPECTED TO CONTRIBUTE TO MARKET GROWTH
TABLE 22 0.5–1 MW: STATIONARY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
9.4 1.0–2 MW
9.4.1 INCREASED DATACENTER INVESTMENTS TO DRIVE MARKET
TABLE 23 1.0–2 MW: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
9.5 2.0–5 MW
9.5.1 INCREASED INDUSTRIAL INVESTMENTS AND UTILITY RELIABILITY INVESTMENTS EXPECTED TO DRIVE MARKET
TABLE 24 2.0–5 MW: STATIONARY MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
9.6 ABOVE 5 MW
9.6.1 UTILITY SCALE DIESEL POWER GENERATION EXPECTED TO DRIVE MARKET
TABLE 25 ABOVE 5 MW: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
10 DIESEL POWER ENGINE MARKET, BY SPEED (Page No. - 83)
10.1 INTRODUCTION
FIGURE 37 PRIME DIESEL POWER ENGINE MARKET, BY SPEED, IN 2019
TABLE 26 PRIME MARKET SIZE, BY SPEED, 2018–2025 (USD MILLION)
TABLE 27 PRIME MARKET SIZE, BY SPEED, 2018–2025 (MW)
10.1.1 INDUSTRY INSIGHTS
FIGURE 38 ABOVE 1000 RPM SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
10.2 BELOW 720 RPM
10.2.1 CONVENTIONAL POWER GENERATION INVESTMENTS TO DRIVE GROWTH
TABLE 28 BELOW 720 RPM: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
10.3 720–1000 RPM
10.3.1 INCREASED POWER DEMAND AND FOSSIL FUEL-BASED POWER GENERATION IN SOUTHEAST ASIA TO SPUR GROWTH
TABLE 29 720–1000 RPM: PRIME MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
10.4 ABOVE 1000 RPM
10.4.1 INCREASED DEMAND FROM INDUSTRIAL AND COMMERCIAL SECTORS TO CONTRIBUTE TO GROWTH
TABLE 30 ABOVE 1000 RPM: PRIME MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
11 DIESEL POWER ENGINE MARKET, BY REGION (Page No. - 89)
11.1 INTRODUCTION
FIGURE 39 REGIONAL SNAPSHOT: EUROPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 40 PRIME MARKET SHARE (VALUE), BY REGION, 2019
TABLE 31 PRIME MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 32 PRIME MARKET SIZE, BY REGION, 2018–2025 (MW)
11.2 IMPACT OF COVID-19 ON GLOBAL PRIME MARKET
TABLE 33 PRE-COVID-19 GLOBAL PRIME MARKET SIZE, 2018–2025 (USD MILLION)
FIGURE 41 DIESEL POWER ENGINE UNIT MARKET: COVID-19 IMPACT
11.3 DIESEL POWER ENGINE AVERAGE SELLING PRICE
TABLE 34 DIESEL POWER ENGINE AVERAGE SELLING PRICE, 2017–2019 (USD/MW)
11.4 ASIA PACIFIC
FIGURE 42 ASIA PACIFIC: MARKET SNAPSHOT, 2019
TABLE 35 ASIA PACIFIC: PRIME DIESEL POWER ENGINE MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 36 ASIA PACIFIC: PRIME MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
TABLE 37 ASIA PACIFIC: PRIME DIESEL POWER MARKET SIZE, BY POWER RATING, 2018–2025 (USD MILLION)
TABLE 38 ASIA PACIFIC: PRIME MARKET SIZE, BY SPEED, 2018–2025 (USD MILLION)
TABLE 39 ASIA PACIFIC: PRIME MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
11.4.1 IMPACT OF COVID-19 ON ASIA PACIFIC
TABLE 40 PRE-COVID-19 AND POST-COVID-19 ASIA PACIFIC DIESEL POWER ENGINE MARKET SIZE, 2018–2025 (USD MILLION)
FIGURE 43 ASIA PACIFIC: COVID-19 IMPACT ON MARKET, 2018–2025 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Long-term industrial growth and increased demand for energy to create growth opportunities
TABLE 41 CHINA: PRIME MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 42 CHINA: PRIME MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.4.3 INDIA
11.4.3.1 Increased demand for electricity and electrification coupled with real estate investments to drive market
TABLE 43 INDIA: PRIME MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 44 INDIA: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.4.4 AUSTRALIA
11.4.4.1 Energy demand for diesel and increased expenditure in mining industry to drive market
TABLE 45 AUSTRALIA: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 46 AUSTRALIA: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.4.5 REST OF ASIA PACIFIC
TABLE 47 REST OF ASIA PACIFIC: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 48 REST OF ASIA PACIFIC: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.5 NORTH AMERICA
FIGURE 44 NORTH AMERICA: MARKET SNAPSHOT, 2019
TABLE 49 NORTH AMERICA: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 50 NORTH AMERICA: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
TABLE 51 NORTH AMERICA: CONTINUOUS DIESEL POWER RATING MARKET SIZE, BY POWER RATING, 2018–2025 (USD MILLION)
TABLE 52 NORTH AMERICA: CONTINUOUS MARKET SIZE, BY SPEED, 2018–2025 (USD MILLION)
TABLE 53 NORTH AMERICA: CONTINUOUS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
11.5.1 IMPACT OF COVID-19 ON NORTH AMERICA
TABLE 54 PRE-COVID-19 AND POST-COVID-19 NORTH AMERICAN DIESEL POWER ENGINE MARKET SIZE 2018–2025 (USD MILLION)
FIGURE 45 NORTH AMERICA: COVID-19 IMPACT ON MARKET, 2018–2025 (USD MILLION)
11.5.2 US
11.5.2.1 Increased datacenter investments and need for reliable backup power to drive market
TABLE 55 US: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 56 US: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.5.3 CANADA
11.5.3.1 Increasing demand from mining and oil & gas industries to drive demand
TABLE 57 CANADA: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 58 CANADA: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.5.4 MEXICO
11.5.4.1 Increased industrial sector growth and energy requirements to drive demand
TABLE 59 MEXICO: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 60 MEXICO: CONTINUOUS DIESEL POWER ENGINE MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.6 EUROPE
TABLE 61 EUROPE: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 62 EUROPE: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
TABLE 63 EUROPE: CONTINUOUS MARKET SIZE, BY POWER RATING, 2018–2025 (USD MILLION)
TABLE 64 EUROPE: MARKET SIZE, BY SPEED, 2018–2025 (USD MILLION)
TABLE 65 EUROPE: CONTINUOUS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
11.6.1 IMPACT OF COVID-19 ON EUROPE
TABLE 66 PRE-COVID-19 AND POST-COVID-19 EUROPEAN MARKET SIZE, BY COVID-19 SITUATION, 2018–2025 (USD MILLION)
FIGURE 46 EUROPE: COVID-19 IMPACT ON THE MARKET, 2018–2025 (USD MILLION)
11.6.2 RUSSIA
11.6.2.1 Increased oil & gas investments to drive demand
TABLE 67 RUSSIA: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 68 RUSSIA: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.6.3 UK
11.6.3.1 Increasing datacenter investments and rising demand for standby power solutions for critical loads to drive market
TABLE 69 UK: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 70 UK: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.6.4 GERMANY
11.6.4.1 Rising datacenter investments and increased manufacturing sector investments to boost market growth
TABLE 71 GERMANY: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 72 GERMANY: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.6.5 FRANCE
11.6.5.1 Increased foreign direct investments in manufacturing sector driving growth
TABLE 73 FRANCE: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 74 FRANCE: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.6.6 REST OF EUROPE
TABLE 75 REST OF EUROPE: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 76 REST OF EUROPE: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.7 MIDDLE EAST & AFRICA
TABLE 77 MIDDLE EAST & AFRICA: CONTINUOUS DIESEL POWER ENGINE MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 78 MIDDLE EAST & AFRICA: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
TABLE 79 MIDDLE EAST & AFRICA: CONTINUOUS MARKET SIZE, BY POWER RATING, 2018–2025 (USD MILLION)
TABLE 80 MIDDLE EAST & AFRICA: CONTINUOUS MARKET SIZE, BY SPEED, 2018–2025 (USD MILLION)
TABLE 81 MIDDLE EAST & AFRICA: CONTINUOUS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
11.7.1 IMPACT OF COVID-19 ON THE MIDDLE EAST
TABLE 82 PRE-COVID-19 AND POST-COVID-19 MIDDLE EAST & AFRICA DIESEL POWER ENGINE MARKET SIZE, 2018–2025 (USD MILLION)
FIGURE 47 MIDDLE EAST & AFRICA: COVID-19 IMPACT ON MARKET, 2018–2025 (USD MILLION)
11.7.2 SAUDI ARABIA
11.7.2.1 Growth of oil & gas industry to grow market
TABLE 83 SAUDI ARABIA: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 84 SAUDI ARABIA: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.7.3 ALGERIA
11.7.3.1 Demand from hydrocarbons sector and increasing power demand to drive market
TABLE 85 ALGERIA: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 86 ALGERIA: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.7.4 NIGERIA
11.7.4.1 Use of diesel-powered generators for backup as well as prime power to fuel demand
TABLE 87 NIGERIA: CONTINUOUS DIESEL POWER ENGINE MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 88 NIGERIA: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.7.5 KUWAIT
11.7.5.1 Rise in demand for electricity and oil & gas investments to boost demand
TABLE 89 KUWAIT: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 90 KUWAIT: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.7.6 IRAN
11.7.6.1 Diesel-powered generator sets for backup power solutions to drive demand
TABLE 91 IRAN: CONTINUOUS MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 92 IRAN: CONTINUOUS MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.7.7 UAE
11.7.7.1 Growth in infrastructure and high influx of foreign direct investments to fuel demand
TABLE 93 UAE: DIESEL POWER ENGINE MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 94 UAE: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.7.8 REST OF THE MIDDLE EAST
TABLE 95 REST OF THE MIDDLE EAST & AFRICA: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 96 REST OF THE MIDDLE EAST & AFRICA: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.8 SOUTH AMERICA
TABLE 97 SOUTH AMERICA: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 98 SOUTH AMERICA: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
TABLE 99 SOUTH AMERICA: MARKET SIZE, BY POWER RATING, 2018–2025 (USD MILLION)
TABLE 100 SOUTH AMERICA: MARKET SIZE, BY SPEED, 2018–2025 (USD MILLION)
TABLE 101 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
11.8.1 IMPACT OF COVID-19 ON SOUTH AMERICA
TABLE 102 PRE-COVID-19 AND POST-COVID-19 SOUTH AMERICAN DIESEL POWER ENGINE MARKET SIZE, 2018–2025 (USD MILLION)
FIGURE 48 SOUTH AMERICA: COVID-19 IMPACT ON MARKET, 2018–2025 (USD MILLION)
11.8.2 BRAZIL
11.8.2.1 Oil & gas investments and increasing power demand to drive the growth
TABLE 103 BRAZIL: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 104 BRAZIL: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.8.3 ARGENTINA
11.8.3.1 Increased power demand and unreliable power supply to drive market
TABLE 105 ARGENTINA: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 106 ARGENTINA: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.8.4 CHILE
11.8.4.1 Increased Infrastructure expenditure and unreliable power supply to drive market
TABLE 107 CHILE: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 108 CHILE: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
11.8.5 REST OF SOUTH AMERICA
TABLE 109 REST OF SOUTH AMERICA: MARKET SIZE, BY OPERATION, 2018–2025 (USD MILLION)
TABLE 110 REST OF SOUTH AMERICA: MARKET SIZE, BY END USER, 2018–2025 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 134)
12.1 OVERVIEW
FIGURE 49 KEY DEVELOPMENTS IN THE MARKET DURING 2017–MAY 2020
12.2 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
FIGURE 50 REVENUE ANALYSIS, 2019
12.3 MARKET EVALUATION FRAMEWORK
TABLE 111 MARKET EVALUATION FRAMEWORK
12.4 KEY MARKET DEVELOPMENTS
12.4.1 NEW PRODUCT LAUNCHES
12.4.2 INVESTMENTS & EXPANSIONS
12.4.3 CONTRACTS & AGREEMENTS
12.4.4 MERGERS & ACQUISITIONS
12.4.5 PARTNERSHIPS & COLLABORATIONS
13 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 141)
13.1 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
13.1.1 STAR
13.1.2 EMERGING LEADER
13.1.3 PERVASIVE
13.1.4 EMERGING COMPANIES
13.2 COMPANY EVALUATION MATRIX, 2019
FIGURE 51 DIESEL POWER ENGINE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
13.3 COMPANY PROFILE
(Business overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, Right to Win)*
13.3.1 CATERPILLAR
FIGURE 52 CATERPILLAR: COMPANY SNAPSHOT
FIGURE 53 CATERPILLAR: SWOT ANALYSIS
13.3.2 CUMMINS
FIGURE 54 CUMMINS: COMPANY SNAPSHOT
FIGURE 55 CUMMINS: SWOT ANALYSIS
13.3.3 WÄRTSILÄ
FIGURE 56 WÄRTSILÄ: COMPANY SNAPSHOT
FIGURE 57 WÄRTSILÄ: SWOT ANALYSIS
13.3.4 ROLLS-ROYCE HOLDINGS
FIGURE 58 ROLLS-ROYCE HOLDINGS: COMPANY SNAPSHOT
FIGURE 59 ROLLS-ROYCE HOLDINGS: SWOT ANALYSIS
13.3.5 MAN SE
FIGURE 60 MAN SE: COMPANY SNAPSHOT
FIGURE 61 MAN SE: SWOT ANALYSIS
13.3.6 VOLVO PENTA
FIGURE 62 VOLVO PENTA: COMPANY SNAPSHOT
13.3.7 MITSUBISHI HEAVY INDUSTRIES ENGINE & TURBOCHARGERS
13.3.8 HYUNDAI HEAVY INDUSTRIES
FIGURE 63 HYUNDAI HEAVY INDUSTRIES: COMPANY SNAPSHOT
13.3.9 DOOSAN INFRACORE
FIGURE 64 DOOSAN INFRACORE: COMPANY SNAPSHOT
13.3.10 YANMAR HOLDINGS
FIGURE 65 YANMAR HOLDINGS: COMPANY SNAPSHOT
13.3.11 KUBATO
FIGURE 66 KUBATO: COMPANY SNAPSHOT
13.3.12 KOHLER
13.3.13 MAHINDRA POWERTRAIN
13.3.14 ANGLO BELGIAN CORPORATION
13.3.15 IHI POWER SYSTEMS
13.3.16 GUANGZHOU DIESEL ENGINE FACTORY
13.3.17 DAIHATSU DIESEL MFG
13.3.18 FPT INDUSTRIAL
13.3.19 CNPC JICHAI POWER COMPANY LIMITED
13.3.20 LIEBHERR
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies
14 APPENDIX (Page No. - 182)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the size for diesel power engine market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary sources referred to for this research study include industry and research organizations such as the Power Generation Survey, UNCTAD, IEA, EIA; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and diesel engine associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the diesel power engine market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (industrial, commercial end users) and supply-side (diesel power engine manufacturers and distributors) players across five major regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America. Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach has been used to estimate and validate the size of the diesel power engine market.
- In this approach, the global diesel power engine market volume in MW have been considered at regional level.
- Extensive secondary and primary research has been carried out to understand the global market scenario for various types of diesel power engines used for power generation application.
- All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
- Several primary interviews have been conducted with key opinion leaders related to diesel power engine development, including key OEMs and Tier I suppliers.
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the food, feed, pharmaceutical, nutraceutical, and personal care industries.
Report Objectives
- To define, segment, and analyze the diesel power engine market based on operation, end user, power rating, speed, and region
- To analyze and forecast the market size, in terms of volume (MW) and value (USD billion), for the market
- To provide a detailed analysis of various factors influencing the market (drivers, restraints, opportunities, and challenges)
- To segment and forecast the market size by operation (standby, prime/continuous, and peak shaving)
- To segment and forecast the market size by end user (industrial, commercial, and residential)
- To segment and forecast the market size by power rating (Below 0.5 MW, 0.5-1 MW, 1.0-2 MW, 2.0-5 MW, and Above 5 MW)
- To segment and forecast the market size by speed (Below 720 rpm, 720-1000 rpm, and Above 1000 rpm)
- To forecast the market size in key regions namely, Asia Pacific, North America, Europe, Middle East & Africa, and South America
- To provide a detailed analysis of various forces acting in the diesel power engine market (drivers, restraints, opportunities, and challenges)
- To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of diesel power engines market
- Profiling of additional market players (up to 3)
Growth opportunities and latent adjacency in Diesel Power Engine Market