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Global Diesel Engine and Gas Engine Market is set to grow at a CAGR of around 2.6% and 4.1% respectively by 2027, fueled by rising production of motor vehicles and off-highway machinery: says Absolute Markets Insights

Global Diesel Engine and Gas Engine Market is rapidly growing at a CAGR of around 2.6% and 4.1% respectively by 2027

Rising energy demand from manufacturing industry is providing impetus to the industrial diesel and gas engines. The urban infrastructure is propelling the demand for a reliable and consistent source of power generation to ensure uninterrupted and efficient operations in the industrial, as well as the commercial sector. In 2018, the industrial gas engine market was valued at $3,846 million and is expected to surpass $5,304 million by 2026. During the next six years, the demand for heavy commercial vehicles would increase at a CAGR of around 2.3%, thereby, positively impacting the demand for diesel engines used in these vehicles. The light commercial vehicle segment would also contribute notably to the demand for diesel engines during this period. As far as automotive gas engines are concerned, these are being adopted, in passenger cars, on account of rising emission regulations.

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“In passenger vehicle market, the demand for diesel as well as gas engines in the U.S. is marginal. Moreover, it would continue to shrink in coming years. However, several European countries are a promising market for diesel and gas based cars. As far as the heavy duty industrial engines are concerned, the (1 – 2) MW segment holds a prominent revenue share in the market, due to their relatively higher prices. The 0.5 MW segment, however, is a larger market in terms of sales volume and finds application in numerous power generation and industrial applications. 

The detailed research study provides qualitative and quantitative analysis of the global diesel engine and gas engine market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Some of the major players operating in the global diesel engine and gas engine market are AB Volvo, AGCO Corporation, BMW AG, Bosch Limited, Continental AG, Daimler AG, Deere & Company, Delphi Automotive Systems LLC, Dongfeng Motor Group Co., Ltd., Doosan Infracore, Eicher Motors, Fiat Automobiles S.p.A., Ford Motor Company, General Electric, General Motors, Honda Motor Co., Ltd., Hyundai Motor Company, JAGUAR LAND ROVER LIMITED, Kawasaki Heavy Industries, Ltd., Liebherr Group, Limited, MITSUBISHI HEAVY INDUSTRIES, LTD., MAN SE, Navistar Inc., Siemens, suzuki motor corporation, Toyota Motor Corporation, Wärtsilä, Yamaha Corporation, YANMAR CO., LTD.  amongst others.

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By Type

  • Automotive
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle
  • Passenger Vehicle
  • Industrial
  • Power Generation
  • Co-generation
  • Others
  • Heavy Machinery
  • Agricultural Equipment
  • Marine
  • Locomotive

By Power

  • Below 0.5 MW
  • (0.5 – 1) MW
  • (1 – 2) MW
  • (2 – 5) MW
  • Above 5 MW

Market By Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC Countries
    • Southern Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America

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