The small ice market in North America is expected to grow from US$ 822.68 million in 2020 to US$ 1175.51 million by 2027; it is estimated to grow at a CAGR of 5.2% from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Stringent Emission Norms Creating Demand for Efficient Fuel Engines Governments of various countries are imposing certain regulations to control the emissions of internal combustion (IC) engines, which is pressurizing the engine makers toward downsizing and production of small-sized engines. Small internal combustion engines consume less fuel to generate sufficient power. They are known for providing high efficiency, which is augmenting the market growth. The emission monitoring and regulatory bodies, such as California Air Resources Board, EPA (The U.S. Environmental Protection Agency), and European Commission, are imposing stringent regulations on the use of internal combustion engine. To meet the regulatory standards—including EU stage V regulation and EPA Emission Standards Regulations—engine manufacturers are downsizing the engine capacity, which is propelling the market growth is also bolstering the growth of the industry. Thus, the growth in the sector is expected to create a significant demand for small ice in the coming years, which is further anticipated to drive the North America Small Internal Combustion Engine (ICE) market in North America.In the North American region, a slight decline in the demand for small ICE was witnessed owing to a halt in the construction, manufacturing, transportation and oil & gas industry. In Canada, construction and manufacturing projects deemed nonessential were shut down, and the essential projects are subject to public health guidelines. However, positive demand from power distribution as well as energy & infrastructures, particularly in on-shore wind, were noticed. Additionally, demand was accelerated due to the expiration of tax incentives and credits offered by the US government for renewable energy projects. In December 2020, the government passed the COVID-19 relief bill, extending tax incentives timeline for industries, including renewable energy. The renewable energy industry in the US, including wind and solar power, has witnessed growth during the COVID-19 epidemic so far. Furthermore, the US government support for an infrastructure package worth US$ 2 trillion will moderate the impact on demand for small ICE used in infrastructure projects

- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
North America Small ICE Market Segmentation
Small ICE Market – By Fuel Type
- Gasoline
- Diesel
- Gas
Small ICE Market – By Gas Type
- CNG
- LPG
- LNG
Small ICE Market – By Cylinder
- 1
- 2
- 3
- 4
Small ICE Market – By Power Output
- 1-5 kW
- 6-10 kW
- 11-20 kW
Small ICE Market – By End-Use Industry
- Power Generation
- Manufacturing
- Oil and Gas
- Transportation
- Others
Small ICE Market – By Country
- United States
- Canada
- Mexico
Small ICE Market -Companies Mentioned
- Caterpillar Inc.
- Cummins, Inc
- Fairbanks Morse
- INNIO
- Kawasaki Heavy Industries, Ltd.
- Liebherr
- MITSUBISHI HEAVY INDUSTRIES, LTD
- Rolls-Royce Holdings plc
- Wärtsilä Corporation
- YANMAR HOLDINGS CO., LTD.
North America Small Internal Combustion Engine (ICE) Report Scope
Report Attribute | Details |
---|---|
Market size in 2020 | US$ 822.68 Million |
Market Size by 2027 | US$ 1175.51 Million |
Global CAGR (2020 - 2027) | 5.2% |
Historical Data | 2018-2019 |
Forecast period | 2021-2027 |
Segments Covered |
By Fuel Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Caterpillar Inc.
- Cummins, Inc
- Fairbanks Morse
- INNIO
- Kawasaki Heavy Industries, Ltd.
- Liebherr
- MITSUBISHI HEAVY INDUSTRIES, LTD
- Rolls-Royce Holdings plc
- Wärtsilä Corporation
- YANMAR HOLDINGS CO., LTD.


