Publication Month: Jan 2021 | Report Code: TIPRE00017958 | No. of Pages: 214 | Category: Energy and Power | Status: Published
The global small internal combustion engine market has been segmented into five major regions North America, Europe, APAC, MEA, and SAM. In 2019, The North America region had strong penetration of small internal combustion engines in power generation, agricultural, manufacturing, and lawn and gardening machinery applications. Also, the small internal combustion engine market in Asia is witnessing a massive growth due to increased adoption of power generators and transportation vehicles. In developing countries, such as India and China, market is driven by growing population and increasing need for sufficient energy sources. Therefore, there is a rise in adoption of small internal combustion engines to generate electricity and power for machineries. China is one of the major countries, which has a significant share in the small internal combustion engine market. Rising consumption of two-wheelers and three-wheelers, having gasoline and diesel engines is mounting the market growth. European countries, such as the UK, Italy, and France, are shifting toward clean energy sources, fuel-efficient small engines, and natural gases, which is driving the market.
In North America, the US is the most developed country. As the US is an early adopter of technologies, the adoption rate of lawn and gardening machinery, gensets, industrial machinery, diesel pumps, and other power equipment is higher in the US compared to other North American countries. This factor encourages small internal combustion engine providers to increase their focus on developing small IC engines for a wide range of applications. Market players are also expanding their footprint in the region to cater to maximum number of customers and enhance their global presence. For instance, in December 2019, DEUTZ Corporation partnered with Kukje Machinery to expand their reach in North America for engines having power output range below 19 kW.
The market in Europe is projected to grow at a considerable rate over the forecast period owing to increase in demand for fuel-efficient solutions and reducing air pollution. The market in Europe has a strong dominance of engine manufacturing industries; however, due to the COVID-19 outbreak, the market has been declining growth. Countries in Europe are looking at natural gases and hybrid systems as a new opportunity for the internal combustion engine market growth. New technology development projects and collaborations of market players are expected to create strong growth opportunity for the market.
The COVID-19 crisis is affecting the industries worldwide and the global economy is anticipated to take a worst hit in the year 2020 and likely in 2021 as well. The outbreak has created significant disruptions in primary industries, such as consumer electronics, semiconductor, automotive, and IT infrastructure. All these industries are crucial for the growth of global small internal combustion engine market as they are the major demand generation industries for small internal combustion engine market. The factory shutdowns, travel bans, trade bans, and border lockdowns have affected both manufacturing and sales of various consumer electronic products and components. The global electronics and semiconductor industry is one of the major industries that is facing serious disruptions due to supply chain issues and manufacturing shutdowns.
Turbocharging technology is already being used in internal combustion engines of automotive vehicles to enhance power capacity for mid-power engines. Small internal combustion engine manufacturing companies are conducting research on the adoption of turbocharging technology in particular small engine requirement. The turbocharging technology is supposed to be introduced for water pumps, rickshaws, lawn mowers, landscaping equipment, generators, and tractors during the forecast period. The turbocharging technology is expected to provide 40–60% higher specific power output in smaller capacity engines. Integration of turbochargers in small engines might create a new trend for the market in coming years. For instance, in October 2019, YANMAR HOLDINGS CO., LTD announced the development of 3TNV80FT Industrial Engine, which is supported by 2G Eco Governor turbocharging solution.
The small internal combustion (IC) engines generate power through various type of fuels, such as diesel, gasoline, and gas. Each fuel has specific set of properties such as density, and volatility that derives its use in the required application. Diesel-based engines are preferred in case of heavy application or where the power requirement is high. Gasoline-based small IC engines are less damaging for environment as they produce low emission compared to others. Thus, based on fuel type, small internal combustion engine market is segmented into gasoline, diesel, and gas. The gasoline fuel-based IC engines generate power by burning a volatile liquid fuel with the help of spark ignition method. It is further divided into various categories based on fuel management, ignition, and application. Gasoline IC engines are used in the automobiles industry in cars, trucks, and other vehicles. Moreover, it has been highly adopted in aviation industry, power equipment industry, and manufacturing machineries.
Number of cylinders determines the capacity, power, and performance of small internal combustion (IC) engines; more number of cylinders enables more power generation through the consumption of extra fuel. Cylinders play an important role in IC engine functioning as they help control temperature and offer stability and lubrication to enhance the engine performance. Based on cylinders, small IC engine market is segmented into 1, 2, 3, and 4.
|Market Size Value in||US$ 4,450.14 Million in 2019|
|Market Size Value by||US$ 5,280.83 Million by 2027|
|Growth rate||CAGR of 4.5% from 2020-2027|
|No. of Pages||214|
|No. of Tables||141|
|No. of Charts & Figures||76|
|Historical data available||Yes|
|Segments covered||Fuel Type , Cylinders , Power Output , and End-Use Industry|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Product development is one of the commonly adopted strategies by companies to expand their product portfolio. Caterpillar Inc.; Kawasaki Heavy Industries, Ltd; and Mitsubishi Heavy Industries, Ltd are among the key players implementing strategies to enlarge the customer base and gain significant share in the small internal combustion engine (ICE) market, which in turn permits them to maintain their brand name in the global market.
The List of Companies - Small Internal Combustion Engine (ICE) Market