Diesel Power Engine Market Size, Share, Trends, Growth 2032

Diesel Power Engine Industry Prospective:

The global diesel power engine market size was worth around USD 8.09 billion in 2023 and is predicted to grow to around USD 14.88 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7% between 2024 and 2032.

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In order to give the users of this report a comprehensive view of the diesel power engine market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Diesel Power Engine Market: Growth Drivers

Diesel power engine is an internal ignition system where fuel combustion takes place when the fuel is injected into the combustion chamber. Diesel power engines function by tamping air. Diesel power engines are also known as combustion ignition engines, which are named after Rudolf Diesel. Diesel power engines have high thermal and engine efficiency as compared to any other combustion engines, as these engines have a high expansion ratio along with an inherent lean burn that allows heat loss or dissipation. These engines are generally of two types—2-stroke and 4-stroke. The 2-stroke engines are basically used in chainsaws and motorcycles, among other portable equipment. The 4-stroke engines are utilized in heavy and light commercial vehicles.

The global diesel power engine market is likely to experience significant growth in the future, owing to the flourishing construction industry of emerging nations. Due to rapid industrialization and urbanization in emerging countries, such as India, China, and Brazil, there is an ongoing trend of constructing smart buildings and infrastructures across the cities. This is the primary factor boosting the diesel power engine market globally. The ongoing construction activities will further boost the demand for construction machinery and heavy earth moving vehicles.

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Furthermore, the growing demand for auxiliary power equipment in the construction sector will also drive this market’s development in the upcoming years. Additionally, the increasing power requirement in industrial and commercial sectors is likely to provide significant growth opportunities for the diesel power engine market, as diesel power engines are appropriate for the power generation requirements of these sectors. However, the steady growth of gas generators may hamper this market in the future.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to regions.

Diesel Power Engine Market: Segmentation

The study provides a decisive view of the diesel power engine market by segmenting the market based on power rating, end-user, and region.

Based on power rating, the diesel power engine market is segmented into 0.5-1 MW, 1-2 MW, 2-5 MW, and above 5 MW.

By end-user, the market is categorized into off-road diesel power and on-road diesel power engines.

Diesel Power Engine Market: Report Scope

Diesel Power Engine Market: Regional Analysis

The regional segment includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

By region, Asia Pacific contributed an extensive revenue share in the global diesel power engine market in 2018 and is expected to dominate globally in the upcoming years as well. This can be attributed to the ongoing rapid construction activities in the region, due to rapid industrialization and urbanization, and the rising investments in the construction industry for infrastructural development of the region. North America is expected to provide significant opportunities in the global diesel power engine market in the years ahead, owing to the growing demand for power generation, the rising demand for heavy equipment, and the expansion of marine tourism industry.

Diesel Power Engine Market: Competitive Analysis

The global diesel power engine market is led by players like:

• Caterpillar Inc
• Cummins Inc
• Kohler Co
• Rolls-Royce Holding PLC
• Wartsila OYJ ABP
• Mitsubishi Heavy Industries Ltd
• Hyundai Heavy Industries Co. Ltd
• Man SE
• Volvo Penta
• Doosan Corp

This report segments the global diesel power engine market into:

Global Diesel Power Engine Market: Power Rating Analysis

• 0.5-1 MW
• 1-2 MW
• 2-5 MW
• Above 5 MW

Global Diesel Power Engine Market: End-User Analysis

• Off-Road Diesel Engine
• On-Road Diesel Engine

Global Diesel Power Engine Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa