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
[102 Pages Report] The global 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 growth can be attributed to the demand for reliable and uninterrupted power supply and commercial vessels. The rise in demand for commercial vessels is due to the increase in seaborne trade.
On the basis of type, the power generation segment is expected to be the largest contributor to the North America engines market during the forecast period
The report segments the North America engines, by type, into power generation and marine. The power generation segment is expected to hold the largest market share by 2023. Engines used during peak hours are known as peak loads, engine units used for long hours with variable loads are known as prime loads, and the engines used for a shorter duration during power outages are known as standby engines. Prime or continuous power engines are mainly used in oil & gas, marine, and mining operations located at remote places with no grid supply.
On the basis of power rating, the above 700 HP segment is expected to be the largest contributor during the forecast period
The North America engines, by power rating, is segmented into 060 HP, 60100 HP, 101300 HP, 301500 HP, 501700 HP, and above 700 HP. The above 700 HP segment is expected to dominate the North America engines market by 2023. The engines in this segment are used for power generation and marine propulsion. The major players in this segment include Caterpillar, Cummins, Rolls-Royce, Wδrtsilδ, John Deere, and others. The need for reliable and uninterrupted power is driving the market. The above 700 HP segment engines are mainly used for prime & continuous power application by a wide range of end-users located in remote locations.
The US is expected to hold the largest market size in the North America engines during the forecast period
In this report, the North America engines market has been analyzed with respect to countries, namely, the US and Canada. The US is estimated to be the largest market from 2018 to 2023. In the US, the electric grid is a complex system connecting several power plants. When the balance of such systems is disturbed, system failures or blackouts can occur. Moreover, aging coal-fired power plants, drop in natural gas prices, and emissions reduction are the key drivers for the gas engines in the region. Major engines players that operate in the region include Caterpillar (US), Cummins (US), John Deere (US), Rolls-Royce (UK), Volvo (Sweden), Wartsila (Finland), Kohler (US), Mitsubishi (Japan), Doosan (South Korea), and MAN (Germany).
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
20162023 |
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Base year considered |
2017 |
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Forecast period |
20182023 |
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Forecast units |
Value (USD Million), Volume (Units) |
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Segments covered |
Type, Power Rating, and Country |
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Geographies covered |
North America |
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Companies covered |
Cummins (US), Caterpillar, Rolls-Royce (UK), Wδrtsilδ (Finland), John Deere (US), Kohler (US), Yanmar (Japan) , Mitsubishi Heavy Industries (Japan), Volvo Group (Sweden), Doosan Corporation (South Korea), MAN SE (Germany), and Deutz AG (Germany).
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This research report categorizes the market based on type, power rating, and region.
On the basis of type, the North America engines market has been segmented as follows:
- Power Generation (Emergency & Standby, Prime Power, Peak Shaving)
- Marine (Recreational and Commercial)
On the basis of power rating, the North America engines market has been segmented as follows for both power generation & marine engines:
- 060 HP
- 61100 HP
- 101300 HP
- 301500 HP
- 501700 HP
- Above 700 HP
On the basis of country, the North America engines market has been segmented as follows:
- US
- Canada
Key questions addressed by the report
- The report identifies and addresses key markets for North America engines, which would help manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors well and make better strategic decisions.
- The report addresses the market share analysis of key players in the North America engines market and with the help of this, companies can enhance their revenues in the respective market.
- The report provides insights into emerging geographies for North America engines and hence the entire market ecosystem can gain competitive advantage from such insights.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 11)
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 (Page No. - 14)
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 (Page No. - 19)
4 Premium Insights (Page No. - 22)
4.1 Attractive Opportunities in the North America Engines Market During the Forecast Period
4.2 North America Engines, By Type & Power Rating
4.3 North America Engines, By Type
4.4 North America Engines, By Power Rating
5 Market Overview (Page No. - 25)
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 (Page No. - 28)
6.1 Power Generation
6.2 Marine
7 North America Engines Market, By Power Rating (Page No. - 34)
7.1 Introduction
7.2 060 HP
7.3 60100 HP
7.4 101300 HP
7.5 301500 HP
7.6 501700 HP
7.7 Above 700 HP
8 North America Engines Market, By Country (Page No. - 41)
8.1 US
8.2 Canada
9 Company Benchmarking (Page No. - 51)
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 (Page No. - 89)
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 (Page No. - 96)
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 (50 Tables)
Table 1 North America Engines Market Snapshot
Table 2 Market Size, By Type, 20162023 (Units)
Table 3 Market Size, By Type, 20162023 (USD Million)
Table 4 Market Size, By Type, 20162023 (USD Million)
Table 5 North America Engines Market Size, By Type, 20162023 (Units)
Table 6 US: Market Size, Power Generation By Type, 20162023 (Units)
Table 7 Canada: Market Size, Power Generation - By Type, 20162023 (Units)
Table 8 US: Market Size, Power Generation - By Type, 20162023 (USD Million)
Table 9 Canada: Market Size, Power Generation - By Type, 20162023 (USD Million)
Table 10 North America Engines Market Size, By Type, 20162023 (Units)
Table 11 Market Size, By Type, 20162023 (USD Million)
Table 12 US: Market Size, By Type, 20162023 (USD Million)
Table 13 Canada: Market Size, By Type, 20162023 (USD Million)
Table 14 US: Market Size, By Type, 20162023 (Units)
Table 15 Canada: Market Size, By Type, 20162023 (Units)
Table 16 North America Engines Market Size, By Power Rating, 20162023 (Units)
Table 17 Market Size, By Power Rating, 20162023 (USD Million)
Table 18 060 HP: Market Size, By Country, 20162023 (Units)
Table 19 060 HP: Market Size, By Country, 20162023 (USD Million)
Table 20 60100 HP: Market Size, By Country, 20162023 (Units)
Table 21 60100 HP: Market Size, By Country, 20162023 (USD Million)
Table 22 101300 HP: Market Size, By Country, 20162023 (Units)
Table 23 101300 HP: Market Size, By Country, 20162023 (USD Million)
Table 24 301500 HP: Market Size, By Country, 20162023 (Units)
Table 25 301500 HP: Market, By Country, 20162023 (USD Million)
Table 26 501700 HP: Market Size, By Country, 20162023 (Units)
Table 27 501700 HP: Market Size, By Country, 20162023 (USD Million)
Table 28 Above 700 HP: Market, By Country, 20162023 (Units)
Table 29 Above 700 HP: Market, By Country, 20162023 (USD Million)
Table 30 North America Engines Market Size, By Country, 20162023 (Units)
Table 31 Market Size, By Country, 20162023 (USD Million)
Table 32 Power Generation: Market Size, By Country, 20162023 (Units)
Table 33 Power Generation: Market Size, By Country, 20162023 (USD Million)
Table 34 Marine: Market Size, By Country, 20162023 (Units)
Table 35 Marine: Market Size, By Country, 20162023 (USD Million)
Table 36 Emergency & Standby: Market Size, By Country, 20162023 (Units)
Table 37 Emergency & Standby: Market Size, By Country, 20162023 (USD Million)
Table 38 Prime Power: Market Size, By Country, 20162023 (Units)
Table 39 Prime Power: Market Size, By Country, 20162023 (USD Million)
Table 40 Peak Shaving: Market Size, By Country, 20162023 (Units)
Table 41 Peak Shaving: Market Size, By Country, 20162023 (USD Million)
Table 42 Recreational: Market Size, By Country, 20162023 (Units)
Table 43 Recreational: Market Size, By Country, 20162023 (USD Million)
Table 44 Commercial: Market Size, By Country, 20162023 (Units)
Table 45 Commercial: Market Size, By Country, 20162023 (USD Million)
Table 46 US: Market Size, By Power Rating, 20162023 (Units)
Table 47 US: Market Size, By Power Rating, 20162023 (USD Million)
Table 48 Canada: Market Size, By Power Rating, 20162023 (Units)
Table 49 Canada: North America Engine Market Size, By Power Rating, 20162023 (USD Million)
Table 50 Caterpillar Was the Most Active Player in the Market Between 2016 and 2019
List of Figures (23 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 3 060 HP Segment is Expected to Lead the North America Engines Market During the Forecast Period
Figure 4 Top Market Developments (20152018)
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 8 060 HP Segment Dominated the North America Engines, 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, 20162019
Figure 22 Caterpillar Led North America Engines in 2018
Figure 23 Microqaudrant
The study involved 4 major activities in estimating the current size of the North America engines market. Extensive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and size with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The North America engines market comprises several stakeholders such as energy utilities, government and industry associations, institutional investors, power and energy associations, and diesel engine manufacturing companies, gensets companies, temporary power solution providers, marine engine manufacturers in the supply chain. The demand side of this market is characterized by the development of the grid networks, increasing renewables industry, and growth in power demand. The supply side is characterized by new product launches and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the North America engines market. These methods were also used extensively to estimate the size of the various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of volume and value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying the various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Objectives of the Study
- To define and segment the North America engines market with respect to type, power rating, and country
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future expansions, and contributions to the market
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To forecast the growth of the engines market with respect to North America
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
- To analyze competitive developments such as new product developments, mergers & acquisitions, expansions & investments, partnership & collaboration, and contracts & agreements in the market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in North America Engines Market