Diesel Power Engine Market by Operation (Standby, Prime, and Peak Shaving), Rated Power (Up To 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW), End-User (Industrial, Commercial, Residential), and Region - Global Forecast to 2022

  • ID: 4456567
  • Report
  • Region: Global
  • 146 Pages
  • Markets and Markets
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The Diesel Power Engine Market is Projected to Reach USD 9.13 Billion By 2022, at a CAGR of 3.78% from 2017 to 2022.

FEATURED COMPANIES

  • Caterpillar
  • Cummins
  • Doosan
  • Hyundai Heavy Industries
  • Kohler
  • Kubota
  • MORE

“The diesel power engine market is projected to grow at a CAGR of 3.78% from 2017 to 2022.”

Diesel power engines are used in various sectors such as industrial, commercial, and residential for standby, prime, continuous, and peak shaving. Increasing demand for uninterrupted and reliable power supply, the growth of commercial infrastructure, rising demand for data centers and IT facilities, and rapid urbanization in developing countries are expected to drive the diesel power engine market. However, the growth of alternate sources of power generation may restrain the growth of the diesel power engine market.

‘The Industrial segment is expected to grow at the highest CAGR from 2017 to 2022.”

The industrial segment is estimated to be the fastest-growing diesel power engine market, by end-user, from 2017 to 2022. The industrial 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 engine.

“The 1 MW-2 MW segment is expected to dominate the diesel power engine market from 2017 to 2022.”

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.

“Asia Pacific: The largest market for diesel power engines”

Asia Pacific is estimated to be the largest market for diesel power engine in 2017, followed by North America and Europe. The market in Asia Pacific is driven by the increasing demand for reliable power supply, rising power generation capacity, and growth of the manufacturing and process industries in the region. The Asia Pacific market is projected to grow at the highest rate during the forecast period. China and India are estimated to be the largest markets for diesel power engine in the region. In addition, the diesel power engine market is expected to grow at a steady pace in Australia and South-East Asia. These factors are expected to boost the growth of the diesel power engine market in Asia Pacific. 

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The breakdown of primary interviews is as follows:

  • By Company Type: Tier 1- 45%, Tier 2- 35%, Tier 3- 20%
  • By Designation: C-Level- 15%, D-Level- 25%, Others- 60%
  • By Region: Asia Pacific- 40%, North America- 25%, Europe- 20%, Middle East & Africa- 10%, South America- 5%,

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 10 billion, Tier 2 = from USD 1 billion to USD 10 billion, and Tier 3 = <USD 1 billion.

The leading players in the diesel power engine market include Caterpillar (US), Cummins (US), MAN SE (Germany), Rolls-Royce (UK), and Wärtsilä (Finland).

Research Coverage:

The report defines, describes, and forecasts the global diesel power engine market by operation, power rating, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. 

Why Buy this Report?

1. The report identifies and addresses the key markets for diesel power engine, which would help suppliers review the growth in the demand for the product.

2. The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

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FEATURED COMPANIES

  • Caterpillar
  • Cummins
  • Doosan
  • Hyundai Heavy Industries
  • Kohler
  • Kubota
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
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 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Limitations
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Diesel Power Engine Market
4.2 Asia Pacific Diesel Power Engine Market Size, By Operation & Country
4.3 Diesel Power Engine Market, By Country, 2016
4.4 Diesel Power Engine Market, By End-User
4.5 Diesel Power Engine Market, By Power Rating
4.6 Diesel Power Engine Market, By Operation

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Reliable and Uninterrupted Power
5.2.1.2 Growth in Commercial Infrastructure
5.2.1.3 Growing Urbanization and Industrialization
5.2.2 Restraints
5.2.2.1 High Operation and Maintenance Cost
5.2.2.2 Availability of Alternate Energy Sources
5.2.3 Opportunities
5.2.3.1 Growth in Hybrid Power Generation in Rural and Remote Locations
5.2.4 Challenges
5.2.4.1 Stringent Environmental and Governmental Regulations
5.2.4.2 Increased Adoption of Natural Gas for Power Generation

6 Diesel Power Engine Market, By Power Rating
6.1 Introduction
6.2 Up to 0.5 MW
6.3 0.5-1 MW
6.4 1-2 MW
6.5 2-5 MW
6.6 Above 5 MW

7 Diesel Power Engine Market, By End-User
7.1 Introduction
7.2 Industrial
7.3 Commercial
7.4 Residential

8 Diesel Power Engine Market, By Operation
8.1 Introduction
8.2 Standby
8.3 Prime/Continuous
8.4 Peak Shaving

9 Diesel Power Engine Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 India
9.2.3 Australia
9.2.4 Rest of Asia Pacific
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Russia
9.3.5 Rest of Europe
9.4 North America
9.4.1 US
9.4.2 Canada
9.4.3 Mexico
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Kuwait
9.6.4 Nigeria
9.6.5 Algeria
9.6.6 Iran
9.6.7 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Introduction
10.2 Ranking of Players & Market Structure
10.3 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 New Product Launches
10.3.3 Expansions
10.3.4 Partnerships, Collaborations, Alliances, & Joint Ventures
10.3.5 Mergers & Acquisitions

11 Company Profiles
11.1 Competitive Benchmarking
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.2 Caterpillar
11.3 Cummins
11.4 Man SE
11.5 Rolls-Royce Holdings
11.6 Wärtsilä
11.7 Mitsubishi Heavy Industries
11.8 Volvo Penta
11.9 Hyundai Heavy Industries
11.10 Doosan
11.11 Yanmar Holdings
11.12 Kubota
11.13 Kohler
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables
Table 1 Diesel Power Engine Market Snapshot
Table 2 Tier 4 Emission Standards: Engines Above 560 Kw, G/Kwh
Table 3 Emission Standards for Nonroad Diesel Engines, G/Kwh Emission Standards for Nonroad Diesel Engines, G/Kwhmax
Table 4 Diesel Power Engine Market Size, By Power Rating, 2015-2022 (USD Billion)
Table 5 Up to 0.5 MW: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 6 0.5-1 MW: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 7 1-2 MW: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 8 2-5 MW: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 9 Above 5 MW: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 10 Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Billion)
Table 11 Industrial: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 12 Industrial: Diesel Power Engine Market Size, By Industry, 2015-2022 (USD Million)
Table 13 Commercial: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 14 Residential: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 15 Diesel Power Engine Market Size, By Operation, 2015-2022 (USD Billion)
Table 16 Standby: Diesel Power Engine Market Size, By Region, 2015-2022(USD Million)
Table 17 Prime/Continuous: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 18 Peak Shaving: Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 19 Diesel Power Engine Market Size, By Region, 2015-2022 (USD Million)
Table 20 Top Five Largest Diesel Power Engine Markets, By Country, 2015-2022 (USD Million)
Table 21 Asia Pacific: Diesel Power Engine Market Size, By Country, 2015-2022 (USD Million)
Table 22 Asia Pacific: Diesel Power Engine Market Size, By Operation, 2015-2022 (USD Million)
Table 23 Asia Pacific: Diesel Power Engine Market Size, By Power Rating, 2015-2022 (USD Million)
Table 24 Asia Pacific: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 25 China: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 26 India: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 27 Australia: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 28 Rest of Asia Pacific: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 29 Europe: Diesel Power Engine Market Size, By Country, 2015-2022 (USD Million)
Table 30 Europe: Diesel Power Engine Market Size, By Operation, 2015-2022 (USD Million)
Table 31 Europe: Diesel Power Engine Market Size, By Power Rating, 2015-2022 (USD Million)
Table 32 Europe: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 33 Germany: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 34 UK: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 35 France: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 36 Russia: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 37 Rest of Europe: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 38 North America: Diesel Power Engine Market Size, By Country, 2015-2022 (USD Million)
Table 39 North America: Diesel Power Engine Market Size, By Operation, 2015-2022 (USD Million)
Table 40 North America: Diesel Power Engine Market Size, By Power Rating, 2015-2022 (USD Million)
Table 41 North America: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 42 US: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 43 Canada: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 44 Mexico: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 45 South America: Diesel Power Engine Market Size, By Country, 2015-2022 (USD Million)
Table 46 South America: Diesel Power Engine Market Size, By Operation, 2015-2022 (USD Million)
Table 47 South America: Diesel Power Engine Market Size, By Power Rating, 2015-2022 (USD Million)
Table 48 South America: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 49 Brazil: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 50 Argentina: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 51 Chile: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 52 Rest of South America: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 53 Middle East & Africa: Diesel Power Engine Market Size, By Country, 2015-2022 (USD Million)
Table 54 Middle East & Africa: Diesel Power Engine Market Size, By Operation, 2015-2022 (USD Million)
Table 55 Middle East & Africa: Diesel Power Engine Market Size, By Power Rating, 2015-2022 (USD Million)
Table 56 Middle East & Africa: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 57 Saudi Arabia: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 58 UAE: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 59 Kuwait: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 60 Nigeria: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 61 Algeria: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 62 Iran: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 63 Rest of Middle East & Africa: Diesel Power Engine Market Size, By End-User, 2015-2022 (USD Million)
Table 64 Market Developments Between 2014 & 2017
Table 65 Contracts & Agreements, 2017
Table 66 New Product Launches, 2014-2017
Table 67 Investments & Expansions, 2015-2017
Table 68 Partnerships, Collaborations, Alliances, & Joint Ventures, 2015-2017
Table 69 Mergers & Acquisitions, 2014-2017

List of Figures
Figure 1 Market Segmentation: Diesel Power Engine Market
Figure 2 Countries Covered
Figure 3 Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia Pacific to Exhibit the Highest Growth Rate During the Forecast Period
Figure 8 Diesel Power Engine Market, By End-User, 2017-2022 (USD Billion)
Figure 9 Diesel Power Engine Market, By Power Rating, 2017-2022 (USD Billion)
Figure 10 Contracts & Agreements Was the Key Strategy Adopted By Players in the Diesel Power Engine Market, 2014-2017
Figure 11 Increasing Demand for Reliable Power and Rise in Commercial Infrastructure are Expected to Drive the Diesel Power Engine Market During the Forecast Period
Figure 12 The Standby Operation Segment and the Chinese Market Held the Maximum Shares of the Diesel Power Engine Market in 2016
Figure 13 India is Expected to Grow the Fastest Rate During the Forecast Period
Figure 14 Industrial Segment is Projected to Dominate the Diesel Power Engine Market During the Forecast Period
Figure 15 1-2 MW Segment is Expected to Lead the Diesel Power Engine Market During the Forecast Period
Figure 16 Standby End-User Segment is Expected to Dominate the Diesel Power Engine Market During the Forecast Period
Figure 17 Diesel Power Engine Market: Drivers, Restraints, Opportunities & Challenges
Figure 18 World Energy Consumption By Source, 1990-2040 (Quadrillion BTU)
Figure 19 Growing Urbanization Trend, 1950-2050
Figure 20 1-2 MW Diesel Power Engine are Expected to Dominate the Market During the Forecast Period
Figure 21 Industrial Segment is Expected to Be the Largest Market for Diesel Power Engine During the Forecast Period
Figure 22 Industrial Segment, By Region, 2017-2022 (USD Million)
Figure 23 Commercial Segment, By Region, 2017-2022 (USD Million)
Figure 24 Residential Segment, By Region, 2017 (Market Share)
Figure 25 Standby Segment is Expected to Grow at the Fastest Rate in the Diesel Power Engine Market During the Forecast Period
Figure 26 Standby Segment, By Region, 2017-2022 (USD Million)
Figure 27 Asia Pacific is Expected to Be the Fastest Growing Market for Diesel Power Engines During the Forecast Period
Figure 28 Diesel Power Engine Market Size, By Region, 2017-2022 (USD Million)
Figure 29 Asia Pacific: Diesel Power Engine Market Snapshot
Figure 30 North American Diesel Power Engine Market Size, By Operation, 2017- 2022 (USD Million)
Figure 31 North American Diesel Power Engine Market Size, By End-User, 2017-2022 (USD Million)
Figure 32 South America: Diesel Power Engine Market Snapshot
Figure 33 Key Developments in the Diesel Power Engine Market, 2014-2017
Figure 34 Cummins Led the Market for Diesel Power Engine, 2016
Figure 35 Caterpillar: Company Snapshot
Figure 36 Cummins: Company Snapshot
Figure 37 Man Se: Company Snapshot
Figure 38 Rolls-Royce Holdings: Company Snapshot
Figure 39 Wärtsilä: Company Snapshot
Figure 40 Mitsubishi Heavy Industries: Company Snapshot
Figure 41 Volvo Penta: Company Snapshot
Figure 42 Hyundai Heavy Industries: Company Snapshot
Figure 43 Doosan: Company Snapshot
Figure 44 Yanmar Holdings: Company Snapshot
Figure 45 Kubota: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Caterpillar
  • Cummins
  • Doosan
  • Hyundai Heavy Industries
  • Kohler
  • Kubota
  • MORE

The global diesel power engine market is projected to grow at a CAGR of 3.78% from 2017 to 2022, to reach a market size of USD 9.13 billion by 2022. The growth of the diesel power engine market is driven by the increased demand for reliable power for industries in developed and developing regions for a wide range of end-users such as residential, IT, Telecom, healthcare, utility & power generation, oil & gas, mining, and construction. In addition, the growth of commercial infrastructure and the rapid pace of urbanization and industrialization are also expected to drive the market during the forecast period.

The diesel power engine market is segmented by end-user into residential, commercial, and industrial. The industrial segment is expected to grow at the highest rate in the end-user segment. The growth of the industrial sector is driven by the favorable government policies for the growth of industries in various countries such as Mexico, China, Brazil, and India. The stringent emission norms in regions such as North America and Europe will affect the growth of the market in these regions.

The report segments the diesel power engine market, by operation, into standby, prime/continuous, and peak shaving. 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.

The 1MW–2 MW segment of the diesel power engine market, by power rating, accounted for the largest market size in 2016. Engines with a power rating of 1MW–2MW find numerous applications in industries and commercial infrastructure power generation. The growing demand for constant power generation in regions such as Asia Pacific and the Middle East & Africa is expected to drive the 1MW–2 MW segment of the diesel power engine market.

In this report, the diesel power engine market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia Pacific region is expected to lead the global diesel power engine market and is projected to grow at the highest CAGR from 2017 to 2022. The market growth in this region can be attributed to increasing electricity demand and rising industrialization and urbanization. Countries such as China and India are the key markets for diesel power engine in the Asia Pacific region. The increasing infrastructural developments and electricity demand in the Middle East & Africa are expected to drive the diesel power engine market in the region.

The high cost of maintenance and operation is one of the major factors restraining the growth of the diesel power engine market. In addition, the growth of alternative sources of power generation such as fuel cells and renewable power generation can also hinder the growth of this market. In comparison to renewable energy sources such as solar and wind energy, diesel engines have higher operation and maintenance cost, which in turn increases the lifecycle cost of the diesel engine.

The market is dominated by a few international players that hold a major share of the diesel power engine market. The market leaders are Caterpillar Inc. (US), Wartsila (Finland), Cummins Inc. (US), Rolls-Royce (UK), and Mitsubishi Heavy Industries Ltd. (Japan). These players have adopted strategies such as contracts and developments to increase their share in the market.

Note: Product cover images may vary from those shown
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  • Caterpillar
  • Cummins
  • Doosan
  • Hyundai Heavy Industries
  • Kohler
  • Kubota
  • Man SE
  • Mitsubishi Heavy Industries
  • Rolls-Royce Holdings
  • Volvo Penta
  • Wärtsilä
  • Yanmar Holdings
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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