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Diesel Power Engines - Global Market Trajectory & Analytics

  • ID: 4804816
  • Report
  • April 2021
  • Region: Global
  • 385 Pages
  • Global Industry Analysts, Inc
Global Diesel Power Engines Market to Reach $9.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Diesel Power Engines estimated at US$7.9 Billion in the year 2020, is projected to reach a revised size of US$9.4 Billion by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027. Standby, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Prime/Continuous segment is readjusted to a revised 2.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 4.6% CAGR

The Diesel Power Engines market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 4.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Peak Shaving Segment to Record 2% CAGR

In the global Peak Shaving segment, USA, Canada, Japan, China and Europe will drive the 1.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 2.7% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • Caterpillar, Inc.
  • Cummins, Inc.
  • Doosan Corporation
  • Hyundai Heavy Industries Co., Ltd.
  • Kohler Company
  • Kubota Corporation
  • MAN SE
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce Holdings PLC
  • Volvo Penta
  • Wartsila Corporation
  • Yanmar Holdings Co., Ltd.
Frequently Asked Questions about the Global Market for Diesel Power Engines

What is the estimated value of the Global Market for Diesel Power Engines?

The Global Market for Diesel Power Engines was estimated to be valued at $7.9 Billion in 2020.

What is the growth rate of the Global Market for Diesel Power Engines?

The growth rate of the Global Market for Diesel Power Engines is 2.5%, with an estimated value of $9.4 Billion by 2027.

What is the forecasted size of the Global Market for Diesel Power Engines?

The Global Market for Diesel Power Engines is estimated to be worth $9.4 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Diesel Power Engine: A Prelude
  • Steady Growth Projected for Diesel Power Engine Market
  • Impact of Covid-19 and a Looming Global Recession
  • Relative Better Performance and Efficiency than Gasoline and CNG Generators Gives Impetus to the Diesel Power Engine Market
  • Rising Demand for Industrial Diesel Generators Instigates Broad-Based Opportunities
  • Data Centers Rely on Industrial Diesel Generators Amid Escalating Power Requirements
  • Exhibit 1: Surging Data Center IP Traffic Points Toward Increased Power Requirements: Global Data Center IP Traffic in Exabytes by Segment for the Years 2016 through 2022
  • Aerospace Industry: A Niche Application Market for Industrial Diesel Generators
  • Hospitality Sector Steers Demand for Commercial-Grade Diesel Generators
  • Opportunities Remain Robust in Home Use Segment
  • Diesel Generators Gain Traction in Peak Shaving Applications
  • Standby Power Rated Generators: The Most Commonly Rated Generator Sets
  • Prime Power Rated Generators Invalidate the Reliance on Public Utility
  • Product Improvements and Technology Advancements Augment Market Prospects: A Review of Select Recently Launched Diesel Generators
  • CUMMINS India Unveils K38 Series 910 kVA Prime Diesel Generator Sets
  • Cummins Showcases New QSG12 50Hz Diesel Generator Series
  • CATERPILLAR Upgrades Diesel Generator Sets with Optional Dynamic Gas Blending™ (DGB™) Dual-Fuel Technology Feature
  • Mahindra Powerol Forays into Higher Capacity Diesel Generators segment with the Roll Out of mPower 250 and 320 kva DGs
  • Kohler Rolls Out KD Series Diesel Industrial Generator Sets
  • Volvo Penta Introduces TWD1645GE and TWD1644GE Diesel Engines
  • Silent Generators Step In to Redefine the Usability of Diesel Engines

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 46
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