The Diesel Power Engine Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The Diesel Power Engine market has seen significant growth recently. The market size is projected to increase from $8.16 billion in 2024 to $8.69 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.5%.
In 2029, the market size of the Diesel Power Engine industry is expected to reach $11.05 billion, growing at a compound annual growth rate (CAGR) of 6.2%.
Download Your Free Sample of the 2025 Diesel Power Engine Market Report and Uncover Key Trends Now!The drivers in the diesel power engine market are:
• Increased industrialization fuelling the demand
• Growth in transportation infrastructure
• Rising demand for power generation
• Expansion of the agricultural sector and military applications
• Rising demand for fuel efficiency
• Government policies promoting diesel usage.
The diesel power engine market covered in this report is segmented –
1) By Type: On-Road Diesel Engine, Off-Road Diesel Engine, Other Types
2) By Operation: Standby, Prime, Peak Shaving
3) By Rated Power: Up To 0.5 Megawatts (MW), 0.5 To 1 Megawatts (MW), 1 To 2 Megawatts (MW), 2 To 5 Megawatts (MW), Above 5 Megawatts (MW)
4) By End-User: Industrial, Commercial, Residential
The trends in the diesel power engine market are:
• Advancements in fuel efficiency are emerging as a key trend.
• The market is seeing growth in the use of advanced hybrid systems.
• Integration of Internet of Things (IoT) and artificial intelligence (AI) technology is shaping the future of the diesel engine market.
• The use and development of biodiesel blends and smart engine management systems are gaining traction.
The major players in the diesel power engine market are:
• General Electric Company
• Caterpillar Inc.
Asia-Pacific was the largest region in the diesel power engine market in 2023