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Global Diesel Engine Market By Operation (Prime/Continuous, Peak Shaving, Others), By Power Rating (<0.5 MW, 0.5-1MW, Others.), By Speed (<720 rpm, 720-1000 rpm, Others), By End-Users, By Region, Forecast & Opportunities to 2026

The global diesel engine market accounted for a value of USD 5.7 billion in 2019 and is projected to register growth at a CAGR of 4.2% during forecast period.

COVID-19 has impacted the diesel engine market. The supply chain of raw materials and finished products is disrupted due to travel restriction. The manufacturing facilities have to halt or shutdown its production due to lockdown. The sales of vehicles are declined significantly due to corona virus. The demand for diesel engine market is estimated to decline during COVID-19.

Definition:

Diesel engine is an internal combustion engine in which fuel ignition is caused by elevating temperature of the air in the cylinder due to compression. The diesel is also called compression ignition engine. The diesel engine use spark-plug ignition of air fuel mixture such as gas engine or petrol engine. It compresses the air which increases the air temperature inside the cylinder.

Market Dynamics (Drivers/Opportunities):

The demand for electricity is increasing around the world. There are some reliability issues like power outages and blackouts. The demand for uninterrupted power is increasing around the world. This increases demand for diesel engine and drives growth in this market during forecast period.

The voltage fluctuations are increasing in various developed countries of the world. Industrialization is increasing in various regions of the world. The standard of living of people is increasing around the world. The demand for backup power is increasing and this increases the demand for diesel engine. Thus, drives growth in this market during forecast period.

Market Insights, by Operation

On the basis of operation, the diesel engine market is segmented into standby, peak shaving and prime/continuous. The standby segment is estimated to be the largest market during forecast period. The standby diesel engine is used for emergency power supply at the time of power cut from grid. The standby diesel engines help in meeting power demand temporarily. It has quick start capability and low cost. The industrialization is increasing around many regions such as Asia-Pacific etc. Such regions largely adopt standby diesel engine and drives growth in this segment during forecast period.

Market Insights, by Power Rating

On the basis of power rating, the diesel engine market is segmented into below 0.5 MW, 0.5-1 MW, 1.01-2 MW, 2.01-5 MW and above 5 MW. The 0.5-1 MW diesel engine segment is estimated to register fastest growth during forecast period. The demand for 0.5-1 MW diesel engine is increasing across the end-users such as residential sector, datacenters, hospitals and other commercial sectors. It is largely adopted in commercial sector in offices and complexes where the demand for lighting loads and HVAC loads are higher. Various regions such as Europe etc. are investing in power segment which is estimated to boost the market for 0.5-1 MW power capacity diesel engine in coming years.

Market Insights, by End-Users

On the basis of end-users, the diesel engine market is segmented into commercial, residential and industrial. The commercial segment is estimated to be the fastest growing market during forecast period. The commercial sector is growing rapidly around the world and the investment is increasing in this sector. The datacenters and hospitals are the most growing commercial sector which has the highest power demand during COVID-19. The datacenters largely need standby power to stay online at the time of power cut. This drives growth in commercial segment during forecast period.

Regional Insights

Asia-Pacific region is estimated be the largest market during forecast period. The population is growing immensely in this region. The urbanization and industrialization is growing rapidly which increase power consumption and demands uninterrupted power supply. The rising standard of living of population also increases demand for electricity. The diesel engine provides reliable backup power supply for residential and industrials sectors. The adoption of diesel engine is increasing in this region. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in diesel engine market are Caterpillar, Cummins, Wartsila, Rolls-Royce Holdings, MAN SE, Volvo Penta, Mitsubishi Heavy Industries,  Hyundai Heavy Industries, Doosan Infracore, Yanmar Holdings, Kubato, Kohler, Mahindra Powertrain, Anglo Belgian Corporation, IHI power System, Guangzhou Diesel Engine Factory, Daihatsu Diesel MFG and FPT Industrial.

Segments Covered in the Report

This report forecasts The Global Diesel Engine Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global diesel engine market report on the basis of operation, speed, power rating and end-users.

Diesel Engine Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Diesel Engine Market, By Operation, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Standby
  • Peak Shaving
  • Prime/Continuous
  1. Diesel Engine Market, By Power Rating, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Below 0.5 MW
  • 5-1 MW
  • 01-2 MW
  • 01-5 MW
  • Above 5 MW
  1. Diesel Engine Market, By Speed, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Below 720 rpm
  • 720-1000 rpm
  • Above 1000 rpm
  1. Diesel Engine Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Commercial
  • Residential
  • Industrial
  1. Diesel Engine Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Operation
    • By Power Rating
    • By Speed
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Operation
      • By Power Rating
      • By Speed
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Operation
        • By Power Rating
        • By Speed
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Operation
          • By Power Rating
          • By Speed
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Operation
            • By Power Rating
            • By Speed
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • FPT Industrial
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Caterpillar
    • Cummins
    • Wartsila
    • Rolls-Royce Holdings
    • MAN SE
    • Volvo Penta
    • Mitsubishi Heavy Industries
    • Hyundai Heavy Industries
    • Doosan Infracore
    • Yanmar Holdings
    • Kubato
    • Kohler
    • Mahindra Powertrain
    • Anglo Belgian Corporation
    • IHI Power System
    • Guangzhou Diesel Engine Factory
    • Daihatsu Diesel MFG
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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