Diesel Power Engine Market Demand, Overview, Size, Trend

Diesel Power Engine Market Ecosystem

The global diesel power engine market size is projected to reach USD 7.9 billion by 2025 from an estimated value of USD 6.3 billion in 2020, at a CAGR of 4.6% during the forecast period. Increased industrialization, rising standard of living, and demand for reliable back up power are the main drivers for the market. Moreover increased investments in datacenters and commercial facilikties is expected to further drive the demand for this product.

The diesel power engine market is dominated by a few globally established players such as Caterpilalr (US), Cummins (US), Wartsila (Finland), Rolls Royce Holdings (UK), and MAN SE (Germany). These players have adopted various growth strategies such as contracts, agreements, new product launches, and collaborations to increase their presence in the global market.

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Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the diesel power engine market.

  • In this approach, the global diesel power engine market volume in MW have been considered at regional level.
  • Extensive secondary and primary research has been carried out to understand the global market scenario for various types of diesel power engines used for power generation application.
  • All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
  • Several primary interviews have been conducted with key opinion leaders related to diesel power engine development, including key OEMs and Tier I suppliers.
  • Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
Diesel Power Engine Market Size Estimation
Diesel Power Engine Market Size Estimation

The study categorizes the diesel power engines market based on operation, end user, power rating, and speed at the regional and global level.

By Operation

  • Standby
  • Prime /Continuous
  • Peak Shaving

By End User

  • Industrial
  • Commercial
  • Residential

By Power Rating

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

By Speed

  • Below 720 rpm
  • 720–1000 rpm
  • Above 1000 rpm

By Region

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

The industrial segment is expected to be the largest diesel power engine market, by operation, during the forecast period

Industries require standby power generation to be used in the case of power outages or voltage fluctuations. Several large industries are in remote locations where distribution supply is unavailable. In such situations, industries need power generation to provide prime power and require other sets of power generation for emergencies. Temporary power supply for projects is another major application in industrial segment. Increased industrial activity and investments in Asia Pacific are expected to drive the demand for diesel power engines.

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The Above 1000 rpm segment is projected to dominate the diesel power engine market during the forecast period

Demand for diesel power engines from the industrial and commercial sectors for standby power generation and peak shaving is the major driver for demand in this segment. High-speed diesel engines which operate at speeds of more than 1000 rpm are popular in low- and medium-power engine segments. These high-speed engines offer advantages such as low initial cost, better fuel efficiencies, low maintenance cost, and reduced overhaul frequency and related costs. Industrial and commercial end users prefer diesel power engines of this segment due to their quick-start capability.