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Diesel Engine Market Size, Revenue Analysis, Industry Outlook, Forecast, 2030

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Diesel Engine Market Size, Revenue Analysis, Industry Outlook, Forecast, 2030

Diesel Engine Market Highlights:

Diesel Engine Market is expected to grow at USD 8.02 Billion with 4.22% CAGR during the forecast period.

Diesel is an internal combustion engine, wherein air is compressed to an adequately high temperature to burn diesel fuel introduced into the cylinder, and combustion and expansion trigger a piston. Diesel engine converts the chemical energy stored in the fuel into mechanical energy, which can be used to power various equipment at every end-user level.

Diesel power engines have a wide application in various sectors such as industrial, commercial, and residential for standby, prime, continuous, and peak shaving. The growth in the number of data centres and IT facilities, indicating urbanization in developing countries, is expected to boost the diesel engine market. However, the rise of alternate sources of power generation such as renewable energy, may hinder the growth of Diesel Engine Market.


  4.22% CAGR (2022-2030)

  Base Year


  Forecast Period

  2022 to 2030

  Historical Data

  2019 & 2020

  Forecast Units

  Value (USD Million)

  Report Coverage

  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

  Segments Covered

  Operation, Rated Power, End-User

  Geographies Covered

  North America, Europe, Asia-Pacific, and Rest of the World (RoW)

The market for diesel power engine is expected to have many expansions over the forecast period due to continuous technological advancement in energy sector coupled with increased power demand. The Diesel Engine Market is also expected to have high development activities by conglomerates and well-established companies.

Market Research Analysis

Standby by operation, 1 MW-2 MW by rated power and industrial by end-user are expected to grow at the highest CAGR.

Global Diesel Engine Market has been segmented based on operation, rated power, end-user and region. Based on operation, the market is segmented into standby, prime, and peak shaving. Among these, the standby segment is estimated to dominate the Diesel Engine Market in 2017. Also, it is projected to grow at the highest rate during the forecast period due to the increased requirement for backup power in various applications such as residential, hospitals, and power plants for quick power generation. Based on the rated power the market is segmented into Up To 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW. The 1 MW-2 MW segment is estimated to dominate the Diesel Engine Market in 2017.

Diesel engines of this power rating are used in large residential areas, commercial buildings, universities, and industrial applications for standby and prime applications. Moreover, the growing urbanization and industrialization in regions such as Asia Pacific and the Middle East are expected to drive the growth of this market in the coming years. Based on the end-user, the market is segmented into industrial, commercial, residential. The industrial segment is estimated to be the fastest-growing Diesel Engine Market, by end-user, from 2017 to 2023. The segment includes power station, oil & gas, and others such as mining, chemical, and manufacturing. The growth of the industrial sector in Asia Pacific, South America, and the Middle East & Africa is expected to drive the Diesel Engine Market. The increased requirement of power generation in these regions is expected to drive the demand for diesel power engines.

Browse Detailed Overview of This Research: https://www.marketresearchfuture.com/reports/diesel-power-engine-market-5508

Scope of the Report

This study provides an overview of the global Diesel Engine Market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Diesel Engine Market by its operations, by rated power, by end-user and by region.

By Operation

  • Standby
  • Prime
  • Peak Shaving

By Rated Power

  • Up To 0.5 MW
  • 5–1 MW
  • 1–2 MW
  • 2–5 MW
  • Above 5 MW

By End-User

  • Industrial
  • Commercial
  • Residential

By Regions

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World 

Key Players:

The key players in the global Diesel Engine Market are Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), MAN SE (Germany), Rolls-Royce Holdings plc. (U.K.), Wärtsilä Corp (Finland), Mitsubishi Heavy Industries, Ltd. (Japan), Volvo Penta (Sweden), Hyundai Heavy Industries Co., Ltd. (South Korea), Doosan (South Korea), Yanmar Co., Ltd. (Japan), Kubota Corporation (Japan) and Kohler Co. (U.S.).

Table Of Contents

1 Executive Summary

2 Market Introduction

3 Research Methodology

4 Market Landscape

5 Market Dynamics

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