Diesel Power Engine Market by End-user and Geography - Forecast and Analysis 2022-2026

The diesel power engine market share is expected to increase by USD 31.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.03%.

This diesel power engine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers diesel power engine market segmentation by end-user (industrial, commercial, and residential) and geography (APAC, North America, Europe, MEA, and South America). The diesel power engine market report also offers information on several market vendors, including AB Volvo, Caterpillar Inc., Cummins Inc., Doosan Corp., Hyundai Motor Co., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Wartsila Corp., and Yanmar Holdings Co. Ltd. among others.

What will the Diesel Power Engine Market Size be During the Forecast Period?

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Diesel Power Engine Market: Key Drivers and Challenges

The advantages of diesel power engines over petrol engines are notably driving the diesel power engine market growth, although factors such as stringent emission regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the diesel power engine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Diesel Power Engine Market Driver

Better mileage offered by diesel power engines over petrol engines is one of the primary factors that favor its use for commercial purposes. Diesel power engines are almost 1.5 % more efficient than petrol engines. Moreover, diesel power engines are designed to operate at higher compression ratios of 15:20, while petrol engines have lower compression ratios of usually 8:10. The higher the compression ratios, the higher the thermal efficiency and the better is the fuel efficiency. As a result, diesel power engines offer better fuel efficiency than petrol engines. The lack of an ignition system in diesel power engines reduces their complexity and makes them more durable. The high torque of diesel power engines also allows them to pull heavy loads easily compared with petrol engines. These operational efficiencies of diesel power engines over petrol increase their adoption, which is expected to continue during the forecast period.

Key Diesel Power Engine Market Challenge

Diesel fuel that is refined from crude oil produces harmful emissions such as nitrogen oxides, carbon monoxide, and hydrocarbons. This emission has a detrimental impact on the environment, leading to necessary changes in diesel emission regulations. For instance, the US Environmental Protection Agency (EPA) established standards for the sulfur content allowed in diesel fuel and emissions from diesel power engines. Emissions standards for highway vehicles that have diesel power engines are also established by EPA. According to these emissions standards, engines have to operate only with ultra-low-sulfur diesel (ULSD) fuel. Diesel power engine manufacturers have to invest in R&D to develop fuel engines that have high-performance levels and meet the required compliance with rigid emission standards. Hence, they are compelled to increase their expenditure to design and market their products according to the requirements of regional markets. This is hindering the market growth to some extent. 

This diesel power engine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Diesel Power Engine Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• AB Volvo
• Caterpillar Inc.
• Cummins Inc.
• Doosan Corp.
• Hyundai Motor Co.
• MAN Energy Solutions SE
• Mitsubishi Heavy Industries Ltd.
• Rolls-Royce Plc
• Wartsila Corp.
• Yanmar Holdings Co. Ltd.

This statistical study of the diesel power engine market encompasses successful business strategies deployed by the key vendors. The diesel power engine market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The diesel power engine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Diesel Power Engine Market?

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54% of the market's growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), Japan, and India are the key markets for diesel power engines in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increase in the demand for commercial infrastructure, industrial buildings, and expansion of road and railway networks will facilitate the diesel power engine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Diesel Power Engine Market?

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The diesel power engine market share growth by the industrial segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel power engine market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Diesel Power Engine Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive diesel power engine market growth during the next five years
• Precise estimation of the diesel power engine market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the diesel power engine industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of diesel power engine market vendors

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