The global diesel power engine market is anticipated to grow at a CAGR of 4.1% during the forecast period. The demand for diesel power engines is increasing in developing countries such as India, China, and others. The industries in these countries are highly affected by the power cut which makes these industries to adopt the standby diesel power engine to temporarily meet the power demand, which in turn fuels the overall diesel power engine market. Thus, the major market players are expanding the production capacity of diesel power engines in these countries to meet the requirements. For instance, in February 2021, Japan-based Yanmar Group inaugurated its first diesel engine manufacturing facility in India at ORIGINS, Chennai. The total built-up area is around 23,708 sq mt, with a production capacity of 80,000 engines annually. The manufacturing facility is built to cater to the domestic and export market demand. Additionally, the facility will manufacture diesel engines for tractors, construction equipment, and generators.
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Moreover, in August 2019, Doosan Infracore signed an engine production and sales contract with PT Boma Bisma Indra (BBI) in Surabaya, Indonesia. Doosan Infracore signed a strategic partnership deal to participate in the Indonesian government’s Indonesian National Engine Manufacturing Project. Under this contract, BBI set up a dress-up and SKD plant that can produce up to 16,000 units a year. At the plant, they will produce a variety of engine products to meet demand from Indonesia’s major engine markets, including engines for ships, construction machinery, agricultural machinery, and generators. Additionally, the companies are planning to ramp up production to up to 25,000 units in the future to cater to the need of the South East Asian markets. Additionally, Doosan Infracore and BBI jointly participate in the marine industry exhibition Inamarine, held in Jakarta, Indonesia to promote their partnership in mass-producing engines and to attract customers.
Market Coverage
- The market number available for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Operation
- By Speed
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including AGCO Corp, BorgWarner Inc., Caterpillar Inc., Continental AG, Cummins Inc., Doosan Group, FAW Group Corp Ltd., and others.
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Diesel Power Engine Market Report Segment
By Operation
- Standby
- Prime
- Peak Shaving
By Speed
- Below 720 RPM
- 720-1000 RPM
- Above 1000 RPM
By End-User
- Industrial
- Commercial
- Residential
Diesel Power Engine Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AGCO Corp.
- BorgWarner Inc.
- Caterpillar Inc.
- Continental AG
- Cummins Inc.
- Doosan Group
- FAW Group Corp Ltd.
- Ford Motor Co.
- General Motors
- Hyundai Heavy Industries Co., Ltd.
- John Deere Group
- Kohler Co.
- Kubota Corp.
- MAN SE
- Mitsubishi Heavy Industries, Ltd.
- Robert Bosch GmbH
- Rolls-Royce Holdings plc
- Volvo Penta
- Wärtsilä Corp.
- Yanmar Co. Ltd.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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