The global Diesel Power Engine Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Operation (Standby, Prime, Peak shaving), By Power Rating (Below 0.5 MW, 0.5 to 1 MW, 1 to 2 MW, 2 to 5 MW, Above 2 to 5 MW), By Speed (Below 720 RPM, 720 to 1000 RPM, Above 1000 RPM), By End-User (Power Utilities, Industrial, Commercial, Residential).
The market report analyses the leading companies in the industry including AB Volvo Penta, Caterpillar, Cummins Inc, Daihatsu Diesel Mfg. Co. Ltd, DEUTZ AG, Guangzhou diesel engine factory Ltd, HD HYUNDAI INFRACORE, IHI Power Systems Co. Ltd, Kohler Energy, KUBOTA Corp, Mahindra & Mahindra Ltd, MAN, Mitsubishi Heavy Industries Ltd, Rolls-Royce plc, Weichai Power Co. Ltd, Yanmar Holdings Co. Ltd, and others.
The Diesel Power Engine Market is witnessing a prominent trend with the growing adoption of hybrid diesel engines. These engines combine the benefits of diesel power with electric propulsion, offering improved fuel efficiency and reduced emissions. The trend towards hybridization reflects the industry's efforts to meet stringent environmental regulations and consumer demand for cleaner, more efficient power solutions, driving the development and integration of hybrid diesel technologies.
A key driver for the Diesel Power Engine Market is the rising demand for reliable backup power solutions. Diesel engines are widely used in generators for emergency power supply in critical applications such as hospitals, data centers, and industrial facilities. The increasing frequency of power outages, coupled with the need for uninterrupted power in essential services, fuels the demand for diesel power engines, ensuring reliable and efficient backup power.
The potential opportunity for the Diesel Power Engine Market lies in expanding into emerging markets and integrating with renewable energy systems. As developing regions invest in infrastructure and industrialization, there is a growing need for robust and versatile power solutions. Additionally, integrating diesel engines with renewable energy sources, such as solar or wind, to create hybrid power systems can enhance energy reliability and sustainability. Companies that focus on these emerging markets and hybrid energy solutions can capitalize on new growth opportunities and address the evolving energy needs of a diverse customer base.
The largest segment in the Diesel Power Engine Market by operation is standby. Standby diesel power engines are essential for providing backup power during electrical outages, ensuring the uninterrupted operation of critical facilities such as hospitals, data centers, and industrial plants. Their reliability and ability to deliver immediate power when the primary source fails make them indispensable in various applications, thereby holding the largest market share in the operation segment.
The segment poised to register the fastest growth (CAGR) over the forecast period to 2030 in the Diesel Power Engine Market by power rating is the 1 to 2 MW range. This power range is increasingly favored for its versatility and suitability across multiple applications, including commercial buildings, small industrial setups, and large residential complexes. The growing need for reliable and scalable power solutions is driving the demand for diesel power engines within this power rating range.
The largest segment in the Diesel Power Engine Market by speed is the above 1000 RPM category. High-speed diesel engines (above 1000 RPM) are known for their efficiency, compact size, and suitability for a wide range of applications, including power generation, marine, and automotive uses. Their ability to deliver high power output in a smaller footprint makes them the preferred choice, contributing to their dominance in the speed segment.
The fastest growing segment (CAGR) in the Diesel Power Engine Market by end-user over the forecast period to 2030 is the commercial sector. The commercial sector's rising demand for reliable power sources to ensure uninterrupted operations in facilities such as hotels, shopping malls, and office buildings is driving the growth of diesel power engines. Additionally, the increasing construction of commercial infrastructure in emerging economies further boosts the demand in this segment.
By Operation
Standby
Prime
Peak shaving
By Power Rating
Below 0.5 MW
0.5 to 1 MW
1 to 2 MW
2 to 5 MW
Above 2 to 5 MW
By Speed
Below 720 RPM
720 to 1000 RPM
Above 1000 RPM
By End-User
Power Utilities
Industrial
Commercial
Residential
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
AB Volvo Penta
Caterpillar
Cummins Inc
Daihatsu Diesel Mfg. Co. Ltd
DEUTZ AG
Guangzhou diesel engine factory Ltd
HD HYUNDAI INFRACORE
IHI Power Systems Co. Ltd
Kohler Energy
KUBOTA Corp
Mahindra & Mahindra Ltd
MAN
Mitsubishi Heavy Industries Ltd
Rolls-Royce plc
Weichai Power Co. Ltd
Yanmar Holdings Co. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Diesel Power Engine Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Diesel Power Engine Market Size Outlook, $ Million, 2021 to 2032
3.2 Diesel Power Engine Market Outlook by Type, $ Million, 2021 to 2032
3.3 Diesel Power Engine Market Outlook by Product, $ Million, 2021 to 2032
3.4 Diesel Power Engine Market Outlook by Application, $ Million, 2021 to 2032
3.5 Diesel Power Engine Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Diesel Power Engine Industry
4.2 Key Market Trends in Diesel Power Engine Industry
4.3 Potential Opportunities in Diesel Power Engine Industry
4.4 Key Challenges in Diesel Power Engine Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Diesel Power Engine Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Diesel Power Engine Market Outlook by Segments
7.1 Diesel Power Engine Market Outlook by Segments, $ Million, 2021- 2032
By Operation
Standby
Prime
Peak shaving
By Power Rating
Below 0.5 MW
0.5 to 1 MW
1 to 2 MW
2 to 5 MW
Above 2 to 5 MW
By Speed
Below 720 RPM
720 to 1000 RPM
Above 1000 RPM
By End-User
Power Utilities
Industrial
Commercial
Residential
8 North America Diesel Power Engine Market Analysis and Outlook To 2032
8.1 Introduction to North America Diesel Power Engine Markets in 2024
8.2 North America Diesel Power Engine Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Diesel Power Engine Market size Outlook by Segments, 2021-2032
By Operation
Standby
Prime
Peak shaving
By Power Rating
Below 0.5 MW
0.5 to 1 MW
1 to 2 MW
2 to 5 MW
Above 2 to 5 MW
By Speed
Below 720 RPM
720 to 1000 RPM
Above 1000 RPM
By End-User
Power Utilities
Industrial
Commercial
Residential
9 Europe Diesel Power Engine Market Analysis and Outlook To 2032
9.1 Introduction to Europe Diesel Power Engine Markets in 2024
9.2 Europe Diesel Power Engine Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Diesel Power Engine Market Size Outlook by Segments, 2021-2032
By Operation
Standby
Prime
Peak shaving
By Power Rating
Below 0.5 MW
0.5 to 1 MW
1 to 2 MW
2 to 5 MW
Above 2 to 5 MW
By Speed
Below 720 RPM
720 to 1000 RPM
Above 1000 RPM
By End-User
Power Utilities
Industrial
Commercial
Residential
10 Asia Pacific Diesel Power Engine Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Diesel Power Engine Markets in 2024
10.2 Asia Pacific Diesel Power Engine Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Diesel Power Engine Market size Outlook by Segments, 2021-2032
By Operation
Standby
Prime
Peak shaving
By Power Rating
Below 0.5 MW
0.5 to 1 MW
1 to 2 MW
2 to 5 MW
Above 2 to 5 MW
By Speed
Below 720 RPM
720 to 1000 RPM
Above 1000 RPM
By End-User
Power Utilities
Industrial
Commercial
Residential
11 South America Diesel Power Engine Market Analysis and Outlook To 2032
11.1 Introduction to South America Diesel Power Engine Markets in 2024
11.2 South America Diesel Power Engine Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Diesel Power Engine Market size Outlook by Segments, 2021-2032
By Operation
Standby
Prime
Peak shaving
By Power Rating
Below 0.5 MW
0.5 to 1 MW
1 to 2 MW
2 to 5 MW
Above 2 to 5 MW
By Speed
Below 720 RPM
720 to 1000 RPM
Above 1000 RPM
By End-User
Power Utilities
Industrial
Commercial
Residential
12 Middle East and Africa Diesel Power Engine Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Diesel Power Engine Markets in 2024
12.2 Middle East and Africa Diesel Power Engine Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Diesel Power Engine Market size Outlook by Segments, 2021-2032
By Operation
Standby
Prime
Peak shaving
By Power Rating
Below 0.5 MW
0.5 to 1 MW
1 to 2 MW
2 to 5 MW
Above 2 to 5 MW
By Speed
Below 720 RPM
720 to 1000 RPM
Above 1000 RPM
By End-User
Power Utilities
Industrial
Commercial
Residential
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AB Volvo Penta
Caterpillar
Cummins Inc
Daihatsu Diesel Mfg. Co. Ltd
DEUTZ AG
Guangzhou diesel engine factory Ltd
HD HYUNDAI INFRACORE
IHI Power Systems Co. Ltd
Kohler Energy
KUBOTA Corp
Mahindra & Mahindra Ltd
MAN
Mitsubishi Heavy Industries Ltd
Rolls-Royce plc
Weichai Power Co. Ltd
Yanmar Holdings Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Operation
Standby
Prime
Peak shaving
By Power Rating
Below 0.5 MW
0.5 to 1 MW
1 to 2 MW
2 to 5 MW
Above 2 to 5 MW
By Speed
Below 720 RPM
720 to 1000 RPM
Above 1000 RPM
By End-User
Power Utilities
Industrial
Commercial
Residential
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Diesel Power Engine Market size of $19.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.8% to reach $28.52 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AB Volvo PentaCaterpillarCummins IncDaihatsu Diesel Mfg. Co. LtdDEUTZ AGGuangzhou diesel engine factory LtdHD HYUNDAI INFRACOREIHI Power Systems Co. LtdKohler EnergyKUBOTA CorpMahindra & Mahindra LtdMANMitsubishi Heavy Industries LtdRolls-Royce plcWeichai Power Co. LtdYanmar Holdings Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume