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North America Engines Market by Type (Power Generation - Emergency & Standby, Prime Power, Peak Shaving & Marine - Recreational, Commercial), Power Rating (0-60 HP,61-100 HP,101-300 HP,301-500 HP,501-700 HP, above 700 HP), Country - Forecast to 2023

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Date: 25-Feb-2019
No. of pages: 102
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“The North America engines market is projected to grow at a CAGR of 4.52% from 2018 to 2023.”

The North America engines market is projected to reach USD 3.7 billion by 2023, at a CAGR of 4.52% from an estimated USD 2.9 billion in 2018. This can be attributed to an increase in the number of power outages, growing demand for uninterrupted & reliable power supply for industrial applications. The high maintenance and operating costs, stringent emission norms can hinder the growth of the market. The North America engines market is segmented, by type, into power generation (emergency & standby, prime power, peak shaving) and marine engines (recreational, commercial).

“301–500 HP segment, by power rating, is expected to be the fastest growing North America engines market during the forecast period.”

The 301–500 HP segment is estimated to be the fastest growing segment during the forecast period. The 301–500 HP engines are mainly used by end-users such as data centers, hospitals, commercial complexes, and residential buildings. These end-users deploy diesel power engines for standby and prime power generation. These engines can act as standby operation for minor overhauls and interruption of power in plants, thereby reducing the plant downtime and cost. The demand for gen sets in Canada is basically due to large new offshore discoveries off the coasts of Newfoundland and Labrador states. The growth in the industrial applications have driven the demand specifically for the 301–500 HP segment.

The main production growth is projected to come from natural gas units due to increase in shale gas production in the US and gas from oil sands in Canada. Emergency generators are the most attractive application owing to numerous events hosted by the nation as well as due to grid maintenance activities.

“Power generation segment, by type, is expected to be the fastest growing North America engines market during the forecast period.”

The power generation segment is expected to grow at the fastest rate between 2018 and 2023. Increasing gas-based generation, distributed power generation, increasing number of power outages, and need for reliable power are some of the major factors driving the growth of the power generation segment. For example, in the US, the power outages increased by 9% in 2016 as compared to 2015 and in Canada, the increase was about 23% in 2016 as compared to 2015. Notable ones are Central California Blackout of 2013, Southwest Blackout of 2011, and Northeast Blackout of 2003.For data centers and IT facilities, there is less dependency on power utilities these days due to power backup facilities. The T&D expenditure in the US is projected to grow from approximately USD 35 billion in 2013 to USD 48 billion by 2020.

“US: The fastest growing North America engines market.”

The US is expected to be the largest and fastest North America engines market by 2023 and is projected to grow at the highest CAGR. The main production growth is projected to come from natural gas units due to increase in shale gas production in the US and gas from oil sands in Canada. Emergency generators are the most attractive application owing to numerous events hosted by the nation as well as due to grid maintenance activities. Therefore, increasing focus on construction and event activities would drive the North America engines market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects.

The distribution of primary interviews is as follows:


  • By Company Type: Tier 1–60%, Tier 2–25%, and Tier 3–15%

  • By Designation: C-Level–40%, Director Level–35%, and Others–25%

  • By Region: US–60% and Canada–40%


Note: Others includes product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1:>USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:The leading players in the North America engines include Cummins (US), Caterpillar (US), Wärtsilä (Finland), Rolls-Royce (UK), Yanmar (Japan), and Mitsubishi Heavy Industries (Japan).

Research Coverage:

The report defines, describes, and forecasts the North America engines market by type, power rating, and country. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of volume and value, and future trends in the North America engines market.

Key Benefits of Buying the Report

The report will provide information on the closest approximations of the revenue numbers for the overall North America engines market and the sub segments to leaders/new entrants in this market. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

North America Engines Market by Type (Power Generation - Emergency & Standby, Prime Power, Peak Shaving & Marine - Recreational, Commercial), Power Rating (0-60 HP,61-100 HP,101-300 HP,301-500 HP,501-700 HP, above 700 HP), Country - Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology Scope
2.1 Market Size Estimation
2.1.1 Ideal Demand-Side Analysis
2.1.1.1 Assumptions
2.1.2 Supply-Side Analysis
2.1.2.1 Assumptions
2.1.2.2 Calculation
2.1.3 Forecast
2.2 Statistics
2.2.1 Power Generation
2.2.2 Marine
2.3 Some of the Insights of Industry Experts

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the North America Engines Market During the Forecast Period
4.2 North America Engines Market, By Type & Power Rating
4.3 North America Engines Market, By Type
4.4 North America Engines Market, By Power Rating

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Reliable and Uninterrupted Power
5.2.1.2 Rise in Demand for Commercial Vessels Due to Increase in Seaborne Trade
5.2.2 Restraints
5.2.2.1 High Maintenance and Operating Cost
5.2.3 Opportunities
5.2.3.1 Rise in Demand for Hybrid Fuel Engines
5.2.4 Challenges
5.2.4.1 Remanufactured Or Low-Cost Engines

6 North America Engines Market, By Type
6.1 Power Generation
6.2 Marine

7 North America Engines Market, By Power Rating
7.1 Introduction
7.2 0–60 HP
7.3 60–100 HP
7.4 101–300 HP
7.5 301–500 HP
7.6 501–700 HP
7.7 Above 700 HP

8 North America Engines Market, By Country
8.1 US
8.2 Canada

9 Company Benchmarking
9.1 Cummins
9.1.1 Business Overview
9.1.2 Products Offered
9.1.3 Recent Developments
9.1.4 MnM View
9.2 Caterpillar
9.2.1 Business Overview
9.2.2 Products Offered
9.2.3 Recent Developments
9.2.4 MnM View
9.3 Rolls-Royce
9.3.1 Business Overview
9.3.2 Products Offered
9.3.3 Recent Developments
9.3.4 MnM View
9.4 Wartsila
9.4.1 Business Overview
9.4.2 Products Offered
9.4.3 Recent Developments
9.4.4 MnM View
9.5 John Deere
9.5.1 Business Overview
9.5.2 Products Offered
9.5.3 Recent Developments
9.5.4 MnM View
9.6 Kohler
9.6.1 Business Overview
9.6.2 Products Offered
9.6.3 Recent Developments
9.6.4 MnM View
9.7 Yanmar Holdings
9.7.1 Business Overview
9.7.2 Products Offered
9.7.3 Recent Developments
9.7.4 MnM View
9.8 Mitsubishi Heavy Industries
9.8.1 Business Overview
9.8.2 Products Offered
9.8.3 Recent Developments
9.8.4 MnM View
9.9 Volvo Group
9.9.1 Business Overview
9.9.2 Products Offered
9.9.3 Recent Developments
9.9.4 MnM View
9.10 Doosan Corporation
9.10.1 Business Overview
9.10.2 Products Offered
9.10.3 1.4.3 Recent Developments
9.10.4 MnM View
9.11 MAN SE
9.11.1 Business Overview
9.11.2 Products Offered
9.11.3 Recent Developments
9.11.4 MnM View
9.12 DEUTZ AG
9.12.1 Business Overview
9.12.2 Products Offered
9.12.3 Recent Developments
9.12.4 MnM View

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players and Industry Concentration, 2017
10.3 Vendor Dive, 2017
10.4 Competitive Scenario
10.4.1 New Product Launches
10.4.2 Contracts & Agreements
10.4.3 Investments and Expansions
10.4.4 Mergers & Acquisitions
10.4.5 Others

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details

List of Tables

Table 1 North America Engines Market Snapshot
Table 2 North America Engines Market Size, By Type, 2016–2023 (Units)
Table 3 North America Engines Market Size, By Type, 2016–2023 (USD Million)
Table 4 North America Engines Market Size, By Type, 2016–2023 (USD Million)
Table 5 North America Engines Market Size, By Type, 2016–2023 (Units)
Table 6 US: North America Engines Market Size, Power Generation By Type, 2016–2023 (Units)
Table 7 Canada: North America Engines Market Size, Power Generation - By Type, 2016–2023 (Units)
Table 8 US: North America Engines Market Size, Power Generation - By Type, 2016–2023 (USD Million)
Table 9 Canada: North America Engines Market Size, Power Generation - By Type, 2016–2023 (USD Million)
Table 10 North America Engines Market Size, By Type, 2016–2023 (Units)
Table 11 North America Engines Market Size, By Type, 2016–2023 (USD Million)
Table 12 US: North America Engines Market Size, By Type, 2016–2023 (USD Million)
Table 13 Canada: North America Engines Market Size, By Type, 2016–2023 (USD Million)
Table 14 US: North America Engines Market Size, By Type, 2016–2023 (Units)
Table 15 Canada: North America Engines Market Size, By Type, 2016–2023 (Units)
Table 16 North America Engines Market Size, By Power Rating, 2016–2023 (Units)
Table 17 North America Engines Market Size, By Power Rating, 2016–2023 (USD Million)
Table 18 0–60 HP: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 19 0–60 HP: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 20 60–100 HP: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 21 60–100 HP: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 22 101–300 HP: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 23 101–300 HP: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 24 301–500 HP: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 25 301–500 HP: North America Engines Market, By Country, 2016–2023 (USD Million)
Table 26 501–700 HP: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 27 501–700 HP: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 28 Above 700 HP: North America Engines Market, By Country, 2016–2023 (Units)
Table 29 Above 700 HP: North America Engines Market, By Country, 2016–2023 (USD Million)
Table 30 North America Engines Market Size, By Country, 2016–2023 (Units)
Table 31 North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 32 Power Generation: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 33 Power Generation: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 34 Marine: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 35 Marine: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 36 Emergency & Standby: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 37 Emergency & Standby: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 38 Prime Power: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 39 Prime Power: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 40 Peak Shaving: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 41 Peak Shaving: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 42 Recreational: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 43 Recreational: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 44 Commercial: North America Engines Market Size, By Country, 2016–2023 (Units)
Table 45 Commercial: North America Engines Market Size, By Country, 2016–2023 (USD Million)
Table 46 US: North America Engines Market Size, By Power Rating, 2016–2023 (Units)
Table 47 US: North America Engines Market Size, By Power Rating, 2016–2023 (USD Million)
Table 48 Canada: North America Engines Market Size, By Power Rating, 2016–2023 (Units)
Table 49 Canada: North America Engines Market Size, By Power Rating, 2016–2023 (USD Million)
Table 50 Caterpillar Was the Most Active Player in the Market Between 2016 and 2019

List of Figures

Figure 1 Engine Production in Key End-User Industries is the Major Determining Factor for North America Engines Market
Figure 2 Power Generation Segment is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 3 0–60 HP Segment is Expected to Lead the North America Engines Market During the Forecast Period
Figure 4 Top Market Developments (2015–2018)
Figure 5 Need for Reliable and Uninterrupted Power Drives the North America Engines Market
Figure 6 Power Generation Segment and the Us Dominated the North America Engines Market
Figure 7 Power Generation Segment is Expected to Dominate the North America Engines Market During the Forecast Period
Figure 8 0–60 HP Segment Dominated the North America Engines Market, By Power Rating, in 2017
Figure 9 North America Engines Market: Drivers, Restraints, Opportunities, and Challenges
Figure 10 Cummins: Company Snapshot
Figure 11 Caterpillar: Company Snapshot
Figure 12 Rolls-Royce: Company Snapshot
Figure 13 Wartsila: Company Snapshot
Figure 14 John Deere: Company Snapshot
Figure 15 Yanmar Holdings: Company Snapshot
Figure 16 Mitsubishi Heavy Industries: Company Snapshot
Figure 17 Volvo Group: Company Snapshot
Figure 18 Doosan Corporation: Company Snapshot
Figure 19 MAN SE: Company Snapshot
Figure 20 DEUTZ AG: Company Snapshot
Figure 21 Key Developments in North Amerca Engines Market, 2016–2019
Figure 22 Caterpillar Led North America Engines Market in 2018
Figure 23 Microqaudrant

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