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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

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

“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 gensets 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 subsegments 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.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY SCOPE
    • MARKET SIZE ESTIMATION
      • DEMAND-SIDE ANALYSIS
      • SUPPLY-SIDE ANALYSIS
      • FORECAST
    • STATISTICS
      • POWER GENERATION
      • MARINE
    • SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
  • EXECUTIVE SUMMARY
    • Table NORTH AMERICA ENGINES MARKET SNAPSHOT: BY VALUE
    • Table NORTH AMERICA ENGINES MARKET SNAPSHOT: BY VOLUME
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE NORTH AMERICA ENGINES MARKET DURING THE FORECAST PERIOD
    • NORTH AMERICA ENGINES MARKET, BY TYPE & POWER RATING
    • NORTH AMERICA ENGINES MARKET, BY TYPE
    • NORTH AMERICA ENGINES MARKET, BY POWER RATING
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • NORTH AMERICA ENGINES MARKET, BY TYPE
    • Table NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (UNITS)
    • Table NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • POWER GENERATION
      • NEW EMISSION REFORMS AND NEED FOR RELIABLE AND UNINTERRUPTED POWER IS DRIVING POWER GENERATION ENGINES MARKET
        • Table NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (UNITS)
        • Table US: NORTH AMERICA ENGINES MARKET SIZE, POWER GENERATION BY TYPE, 2016–2023 (UNITS)
        • Table CANADA: NORTH AMERICA ENGINES MARKET SIZE, POWER GENERATION - BY TYPE, 2016–2023 (UNITS)
        • Table US: NORTH AMERICA ENGINES MARKET SIZE, POWER GENERATION - BY TYPE, 2016–2023 (USD MILLION)
        • Table CANADA: NORTH AMERICA ENGINES MARKET SIZE, POWER GENERATION - BY TYPE, 2016–2023 (USD MILLION)
    • MARINE
      • INCREASED BOAT BUILDING ACTIVITIES IN THE US AND THE INCREASED SEABORNE TRADE IN CANADA TO DRIVE MARINE ENGINES MARKET
        • Table NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (UNITS)
        • Table NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table US: NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table CANADA: NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table US: NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (UNITS)
        • Table CANADA: NORTH AMERICA ENGINES MARKET SIZE, BY TYPE, 2016–2023 (UNITS)
  • NORTH AMERICA ENGINES MARKET, BY POWER RATING
    • INTRODUCTION
      • Table NORTH AMERICA ENGINES MARKET SIZE, BY POWER RATING, 2016–2023 (UNITS)
      • Table NORTH AMERICA ENGINES MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
    • 0–60 HP
      • RISE OF COMMERCIAL AND INDUSTRIAL SECTOR IS DRIVING THE MARKET
        • Table 0–60 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
        • Table 0–60 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • 60–100 HP
      • GROWING DEMAND FROM COGENERATION, AUXILIARY POWER, AND RENTAL APPLICATIONS IS EXPECTED TO DRIVE THE MARKET
        • Table 60–100 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
        • Table 60–100 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • 101–300 HP
      • GROWING DEMAND FROM INDUSTRIAL APPLICATIONS IS DRIVING THE MARKET
        • Table 101–300 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
        • Table 101–300 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • 301–500 HP
      • MAJOR APPLICATIONS IN INLAND WATERWAYS, COMMERCIAL FISHING, AND PASSENGER TRANSPORT SHIPS IS EXPECTEDTO DRIVE THE MARKET
        • Table 301–500 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
        • Table 301–500 HP: NORTH AMERICA ENGINES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
    • 501–700 HP
      • INCREASING USE IN COMMERCIAL SHIPS, WORKBOATS, LARGE FISHING BOATS, MOTOR YACHTS IS EXPECTED TO DRIVE THE MARKET
        • Table 501–700 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
        • Table 501–700 HP: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • ABOVE 700 HP
      • INCREASING USE IN HEAVY OPERATIONS IN MARINE COMMERCIAL SHIPPING AND POWER GENERATION TO DRIVE THE MARKET
        • Table ABOVE 700 HP: NORTH AMERICA ENGINES MARKET, BY COUNTRY, 2016–2023 (UNITS)
        • Table ABOVE 700 HP: NORTH AMERICA ENGINES MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
  • NORTH AMERICA ENGINES MARKET, BY COUNTRY
    • Table NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
    • Table NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • Table POWER GENERATION: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
    • Table POWER GENERATION: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • Table MARINE: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
    • Table MARINE: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • Table EMERGENCY & STANDBY: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
    • Table EMERGENCY & STANDBY: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • Table PRIME POWER: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
    • Table PRIME POWER: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • Table PEAK SHAVING: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
    • Table PEAK SHAVING: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • Table RECREATIONAL: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
    • Table RECREATIONAL: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • Table COMMERCIAL: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (UNITS)
    • Table COMMERCIAL: NORTH AMERICA ENGINES MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • US
      • AGING COAL-FIRED POWER PLANTS, DROP IN NATURAL GAS PRICES, AND EMISSIONS REDUCTION ARE THE KEY DRIVERS
        • Table US: NORTH AMERICA ENGINES MARKET SIZE, BY POWER RATING, 2016–2023 (UNITS)
        • Table US: NORTH AMERICA ENGINES MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
    • CANADA
      • LARGE NEW OFFSHORE DISCOVERIES OFF THE COASTS OF NEWFOUNDLAND AND LABRADOR STATES TO DRIVE ENGINES MARKET
        • Table CANADA: NORTH AMERICA ENGINES MARKET SIZE, BY POWER RATING, 2016–2023 (UNITS)
        • Table CANADA: NORTH AMERICA ENGINES MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2017
    • VENDOR DIVE, 2017
    • COMPETITIVE SCENARIO
      • Table CATERPILLAR WAS THE MOST ACTIVE PLAYER IN THE MARKET BETWEEN 2016 AND 2019
      • NEW PRODUCT LAUNCHES
      • CONTRACTS & AGREEMENTS
      • INVESTMENTS AND EXPANSIONS
      • MERGERS & ACQUISITIONS
      • OTHERS
  • COMPANY PROFILE
    • COMPANY BENCHMARKING
    • CUMMINS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CATERPILLAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ROLLS-ROYCE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WARTSILA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • JOHN DEERE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KOHLER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • YANMAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MITSUBISHI HEAVY INDUSTRIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VOLVO GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DOOSAN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MAN SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DEUTZ AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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