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Pulished Date April, 2021
ID: 11444
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Diesel Power Engine Market Segmented by Operation (Standby, Prime, and Peak Shaving), Power Rating (Below 0.5 MW, 0.5-1 MW, 1.0-2 MW, 2.0–5 MW, and Above 5 MW), End-User (Industrial, Commercial, and Residential), and Region - Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 11444
Pages: 175

Diesel Power Engine Market Size and Growth:

The global diesel power engine market size is projected to achieve US 7.88 billion dollars by 2026 from an estimated value of US 6.25 billion dollars in 2020, at a compound annual growth rate (CAGR) of 4.6% during the given period.

The rise in industrialization increased living standards, and demand for reliable backup power are the major drivers for the market. Moreover, increased investments in data centers and commercial facilities are predicted to further drive this product's demand. The diesel is an indoor combustion engine that uses the heat of compression for the ignition of a fuel charge. Like spark plugs, coils, and distributor assemblies, mechanical ignition components utilized in gasoline engines aren't required for ignition. Instead, because the piston in a diesel cylinder moves upward on its compression stroke, it compresses the air within the cylinder. The cylinder's air temperature increases to ignite the diesel oil because it is injected into the cylinder. Despite the basic difference in the way ignition occurs, the main components of a diesel engine are almost like those found during a gasoline engine.

Diesel Engine Market Drivers:

Electricity may be a critical resource to drive growth for any country. Consistent with the International Energy Outlook 2019 by EIA, global electricity demand is predicted to extend by 2.11% per annum until 2040. A serious part of the expansion is predicted to occur in non-OECD countries, like China and India. However, the short-term electricity demand in 2020 is predicted to fall by 5% as a consequence of COVID-19 and, therefore, the resultant economic downturn. Just in case of a faster recovery, the demand is predicted to fall by 2%. Global energy electricity production capacity grew at a faster rate, and therefore the growth of the T&D network development has not kept pace, thereby leading to reliability issues like power outages and surges.

Diesel Engine Market Restraints:

Energy sources like fuel cells, batteries, renewables, solar PVs, and SOFC cells can act as alternative sources of power generation and storage in many developed countries. As an example, the demand for efficient power generation has been on a continuing rise within the US, with many organizations seeking to chop down their electricity and heating costs. Solid oxide fuel cells offer an energy efficiency of over 60% as compared to competing technologies like reciprocating engines, which have an efficiency of but 35%. Moreover, the expansion of renewable energy, like solar and wind, has driven down per cost of the produced energy. The value of power generation using diesel is 2–3 times quite the value incurred using renewable energy technologies.

Opportunities in the Diesel Engine Market:

The power generation requirement for remote areas or off-grid locations, like telecom towers, remote industrial units, small villages, islands, and more, are often met by hybrid power generation. The bulk of the off-grid sites are located in developing regions like Africa and the Asia Pacific, where electrification isn't absolute. According to World Energy Outlook, the electrification rate in Sub-Saharan Africa is 35%, and therefore the rural electrification rate is merely 19%; approximately 550 million people live without electricity. Because of the shortage of grid networks in developing countries of Asia Pacific, approximately 600 million people live with no access to electricity. Laying down grid networks in these regions to make sure 100% electrification requires an enormous investment. The facility demands of such remote sites are met through hybrid power solutions involving diesel generators and renewables.

Diesel Engine Market Segmentation:

The diesel engine market is segmented on operation, power rating, and end-user.

By operation

  • Standby 
  • Prime
  • Peak Shaving

The diesel power engine market has been classified based upon operation into standby, prime, and peak shaving. Standby diesel engines are employed by end-users for emergency power supply. Within the loss of power supply from the grid, the buyer can believe the diesel engine-powered gensets to temporarily satisfy the demand. The standby segment is predicted to possess a bigger market share thanks to the fast start capability, the low initial cost of diesel engine powered generators, and lack of huge scale commercially viable alternatives for backup power solutions. Increased industrialization and growing datacentre investments in Europe and North America are likely to fuel the diesel power engine market demand.

By power rating

  • Below 0.5 MW
  • 0.5-1 MW 
  • 1.0-2 MW 
  • 2.0–5 MW
  • Above 5 MW

During this capacity category, the demand for diesel power engines comes from large-scale residential facilities, commercial complexes, hospitals, small-scale datacentres, and other commercial end-users. In commercial complexes and office spaces, the facility demand mainly comes from lighting loads and HVAC loads. According to BNP Paribas 2019 Global Commercial land Report, European commercial land investments in 2018 amounted to EUR 264 billion, and therefore the market is predicted to retain its positive momentum within the future.

By end-user

  • Industrial
  • Commercial
  • Residential

The diesel power engine market has been segmented into industrial, commercial, and residential by the user. The commercial sector is predicted to be the fastest-growing market during the forecast period thanks to the increased commercial sector investments, especially in hospitals, datacentres. One of the few sectors that saw a surge in demand during the ongoing COVID pandemic are datacentres and hospitals. Companies like Microsoft (US), Amazon (US), Alphabet (US), Apple (US), and Facebook (US) spent above USD 70 billion in total in 2019 on capital projects. Emergency standby power is required for data centers to remain online despite the most powerful system supply interruptions. These developments are expected to drive the expansion in the commercial segment.

Diesel Engine Market Regional Analysis:

Based on geography, the Diesel Engine market is segmented into five regions, namely, Asia Pacific, Europe, North America, Middle East & Africa, and South America. The Asia Pacific is predicted to be the most important diesel power engine market share during the forecast period. Urbanization and increased standard of living, including industrialization, contribute to growing electricity demand. The diesel power engine market is predicted to grow during this region to satisfy the requirement for reliable backup and prime power supply for industries, commercial facilities, and residential end-users.

Impact Of COVID-19 on Diesel Engine Market

The recent global pandemic outbreak caused due COVID-19 has affected the expansion of the diesel engine market. The demand side has a negative impact on account of nationwide lockdowns, which, in turn, has caused turmoil within the global economic growth, leading to declining business spending and investments in new projects—however, the diesel engine market shares to grow at a higher rate in the coming years. 

Key Players in the Diesel Engine Market:

Some of the prominent players operating in the diesel engine market are

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Diesel Power Engine Market, By Operation                   

                                6.1.1 Standby    

                                6.1.2 Prime        

                                6.1.3 Peak Shaving          

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Diesel Power Engine Market, By Power Rating                             

                                6.2.1 Below 0.5 MW       

                                6.2.2 0.5-1 MW                

                                6.2.3 1.0-2 MW                

                                6.2.4 2.0–5 MW

                                6.2.5 Above 5 MW          

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

                6.3 Diesel Power Engine Market, By End-User                    

                                6.3.1 Industrial 

                                6.3.2 Commercial            

                                6.3.3 Residential              

                                6.3.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Operation         

                                7.2.3 By Power Rating   

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Operation         

                                7.3.3 By Power Rating   

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Operation         

                                7.4.3 By Power Rating   

                                7.4.4 By End-User           

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Operation         

                                7.5.3 By Power Rating   

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Operation         

                                7.6.3 By Power Rating   

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 Caterpillar Inc. (U.S.)                              

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Cummins, Inc. (U.S.)                               

                8.3 MAN SE (Germany)                

                8.4 Rolls-Royce Holdings plc. (U.K.)                          

                8.5 Wärtsilä Corp (Finland)                         

                8.6 Mitsubishi Heavy Industries, Ltd. (Japan)                       

                8.7 Volvo Penta (Sweden)                           

                8.8 Hyundai Heavy Industries Co., Ltd. (South Korea)                       

                8.9 Doosan (South Korea)                            

                8.10 Yanmar Co., Ltd. (Japan)                     

                8.11 Kubota Corporation (Japan)                              

                8.12 Kohler Co. (U.S.)                    

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Diesel  Power Engine Market By Region, From 2021-2026 ( USD Billion )
  2. Global Diesel  Power Engine Market By Operation, From 2021-2026 ( USD Billion )
  3. Global Standby  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Prime Market By Region, From 2021-2026 ( USD Billion )
  5. Global Peak Shaving Market By Region, From 2021-2026 ( USD Billion )
  6. Global Diesel  Power Engine Market By Power Rating, From 2021-2026 ( USD Billion )
  7. Global Below 0.5 MW Market By Region, From 2021-2026 ( USD Billion )
  8. Global 0.5-1 MW  Market By Region, From 2021-2026 ( USD Billion )
  9. Global 1.0-2 MW  Market By Region, From 2021-2026 ( USD Billion )
  10. Global 2.0–5 MW Market By Region, From 2021-2026 ( USD Billion )
  11. Global Above 5 MW Market By Region, From 2021-2026 ( USD Billion )
  12. Global Diesel  Power Engine Market By End-User, From 2021-2026 ( USD Billion )
  13. Global Industrial Market By Region, From 2021-2026 ( USD Billion )
  14. Global Commercial Market By Region, From 2021-2026 ( USD Billion )
  15. Global Residential Market By Region, From 2021-2026 ( USD Billion )

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