Diesel Engine Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Operation, Vehicle type, Application, and Region

The Diesel Engine Market was valued at US $ 7.83 Bn. in 2020. Global Diesel Engine Market size is estimated to grow at a CAGR of 4.93%.

Diesel Engine Market Overview:

Diesel Engine is an internal combustion engine with intermittent combustion piston-cylinder device and combustion of fuel take place in the engine, which operates on either a two-stroke or four-stroke cycle. After combustion, the combustion by-products are removed from the engine through the exhaust. Diesel engines are generally made with compression ratios in the range of 14:1 to 22:1. Diesel Engines are primarily used as mechanical engines and power generators in a wide range of applications, such as use in locomotives, construction equipment, automobiles, and numerous industrial applications. In 2019, the Diesel Engine for the automobile was the world's 83rd most traded product, and trade in Diesel Engines for automobiles represents 0.17% of total global trade. In 2019 the top exporters of Diesel Engine for automobiles were United States (US$ 5.89 Bn.), Germany (US$ 4.6 Bn.), Austria (US$ 2.04 Bn.), United Kingdom (US$ 2.04 Bn.), and Hungary (US$ 1.89 Bn.), while the top importers of were Mexico (US$ 5.45 Bn.), Germany (US$ 3.71 Bn.), United States (US$ 3.21 Bn.), Spain (US$ 1.83 Bn.), and Turkey (US$ 1.7 Bn.). Diesel Engine Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Diesel Engine Market Dynamics:

The Diesel Engine market is showing continuous northward direction growth, thanks to the growing demand for construction and auxiliary power devices, which in turn increases the usage of diesel engines across the globe. The advanced technological proliferation and the rise in gasoline prices are also driving the diesel engine demand across the globe. In addition, the growing investment in the mining and construction industry is expected to fuel the diesel engine market growth during the forecast period. Growing electricity demand across the globe is also increasing the necessity of power generator devices, which in turn, is expected to drive the diesel engine market growth during the forecast period. According to IEA reports, global electricity demand fell by 1% in 2020, with the effect of COVID-19 pandemic lockdowns restricted commercial and industrial activity. Nonetheless, some developing countries like India and China registered strong growth rates towards the end of the year 2020, with growth attributed more than 8% and 6%year-on-year growth for India and China respectively. IEA estimated that the global electricity demand is expected to grow by 4.5% in 2021, supported by recovering economic activity and rapid growth in major emerging economies such as China and India. Diesel Engine Market 1 According to the World Energy Outlook, Sub-Saharan Africa has a 35% electrification rate, with rural electrification at only 19%; over 550 million people are without electricity. Approximately 600 million people live without power in Asia Pacific emerging countries due to a lack of grid networks. Putting new grid networks in these areas to assure 100% electricity is expected to cost a lot of money. Nonetheless, Hybrid power systems comprising diesel engine generators, which are expected to meet the power needs of such remote locations. However, a high-cost factor of diesel engines is expected to hinder the diesel engine market growth during the forecast period. The diesel engine emits harmful emissions along with stringent regulations from various government agencies across the globe, which is a major challenge before the diesel engine market, which is expected to hamper the growth of the diesel engine market growth during the forecast period.

Diesel Engine Market Segment Analysis:

Based on the Operation, the Diesel Engine Market is segmented into Standby, Prime /Continuous, and Peak Shaving. The Standby segment held the largest market share, accounting for 47.1% in 2020. Standby Diesel Engines are generally used for emergency power supply. In the event of a power outage from the grid, the consumer can temporarily rely on diesel-powered gensets to meet demand. The Characteristics of standby diesel engines, such as quick-start capability, the low starting cost of diesel engine driven generators, and absence of large scale commercially viable alternatives for backup power supplies are making standby diesel engines the most preferable choice among other types, as a result, diesel engine market is growing with the significant growth rate for this segment. In addition, increased industrialization in the Asia Pacific region along with and rising data center investments in Europe and North America are driving the diesel engine market growth for this segment. Diesel Engine Market 2 Based on the Application, the Diesel Engine Market is segmented into Industrial, Commercial, and Residential. The Commercial segment held the largest market share, accounting for 34.2% in 2020. The Industrial sector includes mining, construction, agriculture, Hospitals, Datacenter, and manufacturing, which consumes the largest share of energy consumption among the end-use sector. The growing demand for constant and reliable power supply from these end-users is driving the diesel engine market growth for this segment. A noteworthy growth of the automobile industry across the globe, especially in the Asia Pacific region is driving the diesel engine market growth. The Diesel engine provides better fuel efficiency as compared to other fuels including petrol and gasoline engines are making them most preferable and usable in the commercial and heavy vehicle industry.

Diesel Engine Market Regional Insights:

Asia Pacific region held the largest market share accounted for 38.7% in 2020. The region’s growth is attributed to the growing infrastructural expansions and electricity demand along with significant growth in the average energy consumption rate in the region. The huge surge in power consumption in developing countries of the Asia Pacific region, such as China and India, with insufficient power infrastructure, is expected to take some serious initiatives for making steady power supply, which in turn expected to fuel demand of diesel engine generator, especially in the industrial and commercial sector in the region. Diesel Engine Market 3 Consumption of passenger vehicles, tractors, and construction equipment is boosting the use of diesel engines in India. The presence of major key players like Cummins India and Swaraj India is also driving the diesel engine market growth for India. However, diesel pump and diesel passenger vehicles, one of the major consumers of diesel engines are expected to witness shrinkage as there is continuous hike in diesel fuel prices in India. The objective of the report is to present a comprehensive analysis of the global Diesel Engine Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Diesel Engine Market dynamic, structure by analyzing the market segments and projecting the Diesel Engine Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Diesel Engine Market make the report investor’s guide.

Diesel Engine Market Scope: Inquire before buying

Diesel Engine Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 7.83 Bn.
Forecast Period 2021 to 2027 CAGR: 4.93% Market Size in 2027: US $ 10.97 Bn.
Segments Covered: by Operation • Standby • Prime /Continuous • Peak Shaving
by Vehicle Type • Agricultural vehicle • Commercial Vehicle • Passenger Vehicle • Construction Vehicle
by Application • Industrial • Commercial • Residential

Diesel Engine Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Diesel Engine Market Key Players

ACGO Corporation • China FAW Group • Mitsubishi Heavy Industries • Bosch • Deere & Company • Continental AG • Delphi Automotive • Ford Motor • Swaraj • General Motors • MAN SE • Caterpillar • Cummins • Detroit Diesel • Deutz • Fairbanks Morse • GE Transportation • HATZ Diesel • Rolls-Royce • Volvo • Wartsila

Frequently Asked Questions:

1] What segments are covered in the Diesel Engine Market report? Ans. The segments covered in the Diesel Engine Market report are based on Operation, Vehicle type, and Application. 2] Which region is expected to hold the highest share in the Diesel Engine Market? Ans. The Asia Pacific region is expected to hold the highest share in the Diesel Engine Market. 3] What is the market size of the Diesel Engine Market by 2027? Ans. The market size of the Diesel Engine Market by 2027 is US$ 10.97 Bn. 4] What is the forecast period for the Diesel Engine Market? Ans. The forecast period for the Diesel Engine Market is 2020-2027. 5] What was the market size of the Diesel Engine Market in 2020? Ans. The market size of the Diesel Engine Market in 2020 was US$ 7.83 Bn.
1. Global Diesel Engine Market Size: Research Methodology 2. Global Diesel Engine Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Diesel Engine Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Diesel Engine Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Diesel Engine Market Size Segmentation 4.1. Global Diesel Engine Market Size, by Operation (2020-2027) • Standby • Prime /Continuous • Peak Shaving 4.2. Global Diesel Engine Market Size, by Vehicle type (2020-2027) • Agricultural vehicle • Commercial Vehicle • Passenger Vehicle • Construction Vehicle 4.3. Global Diesel Engine Market Size, by Application (2020-2027) • Industrial • Commercial • Residential 5. North America Diesel Engine Market (2020-2027) 5.1. Global Diesel Engine Market Size, by Operation (2020-2027) • Standby • Prime /Continuous • Peak Shaving 5.2. Global Diesel Engine Market Size, by Vehicle type (2020-2027) • Agricultural vehicle • Commercial Vehicle • Passenger Vehicle • Construction Vehicle 5.3. Global Diesel Engine Market Size, by Application (2020-2027) • Industrial • Commercial • Residential 5.4. North America Diesel Engine Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Diesel Engine Market (2020-2027) 6.1. European Diesel Engine Market, by Operation (2020-2027) 6.2. European Diesel Engine Market, by Vehicle type (2020-2027) 6.3. European Diesel Engine Market, by Application (2020-2027) 6.4. European Diesel Engine Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Diesel Engine Market (2020-2027) 7.1. Asia Pacific Diesel Engine Market, by Operation (2020-2027) 7.2. Asia Pacific Diesel Engine Market, by Vehicle type (2020-2027) 7.3. Asia Pacific Diesel Engine Market, by Application (2020-2027) 7.4. Asia Pacific Diesel Engine Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Diesel Engine Market (2020-2027) 8.1. The Middle East and Africa Diesel Engine Market, by Operation (2020-2027) 8.2. The Middle East and Africa Diesel Engine Market, by Vehicle type (2020-2027) 8.3. The Middle East and Africa Diesel Engine Market, by Application (2020-2027) 8.4. The Middle East and Africa Diesel Engine Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Diesel Engine Market (2020-2027) 9.1. Latin America Diesel Engine Market, by Operation (2020-2027) 9.2. Latin America Diesel Engine Market, by Vehicle type (2020-2027) 9.3. Latin America Diesel Engine Market, by Application (2020-2027) 9.4. Latin America Diesel Engine Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. ACGO Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. China FAW Group 10.3. Mitsubishi Heavy Industries 10.4. Bosch 10.5. Deere & Company 10.6. Continental AG 10.7. Delphi Automotive 10.8. Ford Motor 10.9. Swaraj 10.10. General Motors 10.11. MAN SE 10.12. Caterpillar 10.13. Cummins 10.14. Detroit Diesel 10.15. Deutz 10.16. Fairbanks Morse 10.17. GE Transportation 10.18. HATZ Diesel 10.19. Rolls-Royce 10.20. Volvo 10.21. Wartsila

About This Report

Report ID 14704
Category Energy & Power
Published Date JAN 2020
Updated Date Dec 2021
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