$4550
[Research Report] The internal combustion engine market was valued at US$ 55,176.7 million in 2020 and is projected to reach US$ 73,842.5 million by 2028; it is expected to grow at a CAGR of 3.7% from 2021 to 2028.
Technological advancements are bringing evolution in internal combustion engines, allowing them to offer high power outputs with improved fuel efficiency. Meanwhile, the engines will continue to be vital in the development of the automotive industry. Further, they have a potential for improvement in various areas such as thermal efficiency, emissions, and electrification. The internal combustion engine allows manufacturers to produce small form factor machine or tools, for example road vehicles, lawn cutters, chainsaws, etc. which has industrial application, motorboats and ships which has marine application while heavy power output engine used in power generation.
Impact of COVID-19 Pandemic on Internal Combustion Engine Market
The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of industrial engines and other related equipment. The emergence of the outbreak across the world caused lockdown in many countries, which has led the industry experts to analyze that the industry would face up to a quarter of lag in industrial equipment supply chain. The crisis is expected to create tremors through 2020 till mid-2021. The energy & power industry is likely to pick up pace sooner as governments across the globe lifted the various containment measures steadily to revive the economy. The production of the internal combustion engines is anticipated to gain pace from the second half of 2021, which is further foreseen to positively influence the industrial equipment manufacturing including internal combustion engine.
Lucrative Regions for Internal Combustion Engine Providers
Internal Combustion Engine Market Insights
Rising Demand for Power Production
Through various technological advancements and innovations, there is a gradual evolution in internal combustion engines, allowing them to offer high power outputs with improved fuel efficiency. Although, there has been an increase in demand for electric engines and a consequent drop in the demand for internal combustion engines fueled by conventional sources, internal combustion engines will continue to be vital in the development of the automotive industry. Further, they have a potential for improvement in various areas, such as thermal efficiency, emission, and electrification.
Fuel Type Based Market Insights
Based on fuel type, the internal combustion engine market is segmented into diesel, gasoline, and natural gas. The gasoline segment led the market in 2020 and is expected to hold the largest market share in the forecast period.
End User Based Market Insights
By end user, the internal combustion engine market is segmented into industrial, marine, power generation, aerospace and defense, automotive, off-road, and others. Since automobiles are the biggest user of internal combustion engines, the automotive segment dominates the market.
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Internal Combustion Engine Market: Strategic Insights
Market Size Value in US$ 55,176.7 Million in 2020 Market Size Value by US$ 73,842.5 Million by 2028 Growth rate CAGR of 3.7% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Internal Combustion Engine Market: Strategic Insights
| Market Size Value in | US$ 55,176.7 Million in 2020 |
| Market Size Value by | US$ 73,842.5 Million by 2028 |
| Growth rate | CAGR of 3.7% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The players operating in the internal combustion engine market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market.
A few developments by key players are listed below:
- In 2021, Cummins Inc. launched a new heavy-duty powertrain for natural gas customers. The combination of the ISX12N near-zero natural gas engine and the endurant HD N 12-speed automated transmission from Eaton Cummins Automated Transmission Technologies is well suited for heavy-duty regional haul fleets looking to lower emissions and improve their sustainability profile.
- In 2020, The Liebherr components division and Cummins Inc. started a cooperation in power generation. For the Cummins new C25G gas generator series, Liebherr would provide fully equipped gas engines, which comprise ignition and control systems for natural gas and off-road applications in 50Hz and 60Hz markets.
By Fuel Type
- Diesel
- Gasoline
- Natural Gas
By Power Output
- 100–300 kW
- 300–500kW
- 0.5–1 MW
- 1–5 MW
- 5–15 MW
- 15–25 MW
- 25 MW and above
By End User
- Industrial
- Marine
- Power Generation
- Aerospace and Defense
- Automotive
- Off-road
- Others
By Cylinders
1
2
3
4
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- INNIO Jenbacher GmBH & Co OG
- Caterpillar Inc.
- Cummins Inc.
- Fairbanks Morse, LLC
- Kawasaki Heavy Industries, Ltd.
- Liebherr
- MAN SE
- Mitsubishi Heavy Industries, Ltd.
- R Schmitt Enertec GmBH
- Wartsila Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Fuel Type , Power Output , End-User , and Cylinders
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The electric power, automotive, manufacturing, and transportation industries, among others, in developing countries such as India, China, and Brazil are highly dependent on fossil fuels. Rise in population and the lack of supporting infrastructure for electric technologies are the major factors supporting the internal combustion engine market. Electric motors, electric devices, solar plants, and wind projects are more expensive than conventional internal combustion engines, which is driving the preference of various countries toward diesel, gasoline or gas powered engines. Further, improvements in the emission norms for diesel engines for which various industries are shifting on gas engines for low emissions. According to The World Bank Group data for access to electricity, only ~91.6% of the population has access to electricity in South Asia, while others are still lack access to electricity. Hence, south Asian countries are strongly adopting natural gas for power generation application. Further, electricity consumption for basic applications in countries such as China and India are increasing with the surge in population, owing to which they are opting for various types of internal combustion engines such as gas engines for electricity generation.
Due to rising global warming, governments of various countries are imposing certain restrictions to control the emissions of diesel and petrol engines, thus compelling engine manufacturers to develop technologies to make internal combustion engines more efficient and produce less emissions. Manufacturers and customers are now shifting their focus towards the use of alternate fuel in internal combustion engines. For instance, natural gas power IC engines release less emissions to generate a sufficient amount of power with high efficiency. The emission monitoring and regulatory bodies from various countries are imposing stringent regulations on the use of diesel engines and generators. To meet these regulatory standards, various industries are deploying gas engine and generators for power generation.
The internal combustion engines that generate power by burning gasoline can meet the power-generation requirements for various application. The most important industries which use gasoline powered engines are automobiles, small marine units, moderate-sized stationary pumping, lighting plants, machine and power tools. Owing to the carbon-emissions from gasoline powered internal combustion engine being the highest, several countries are taking measures to shift to cleaner alternative fuels for power generation requirements. There has been tremendous rise in demand for electric vehicles leading to a consequent fall in the demand for gasoline fueled vehicles. Since the transportation industry is one of the largest consumers of gasoline powered internal combustion engines, this fall in demand for gasoline fueled vehicles will reduce the growth prospects of the market across the globe.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Internal Combustion Engines Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East and Africa – PEST Analysis
4.2.5 South and Central America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights
4.5.1 Overview
4.5.2 Transition Trends from ICE to Alternate Prolusion Engine (Electric and Fuel Cell)
4.5.2.1 Trucks
4.5.2.1.1 Transition to electric powertrain is happening now and at a faster pace
4.5.2.1.2 Electric Truck Production Trend
4.5.2.2 Busses
4.5.2.2.1 Electric bus transition momentum worldwide
4.5.2.3 Off-Highway Vehicle
4.5.2.3.1 Mining Industry
4.5.2.3.2 Agriculture
4.5.3 Competitive Landscape of Transition from ICE to Alternate Propulsion System (Battery Powered and Fuel Cell)
4.5.3.1 OEM Initiatives
4.5.4 Recent Projects
4.5.4.1 INNIO
4.5.4.2 Wärtsilä
4.5.4.3 Kawasaki Heavy Industries, Ltd.
5. Internal Combustion Engines Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Energy - Efficient Engines
5.1.2 Rise in Production of Natural Gas
5.2 Market Restraints
5.2.1 Escalating Popularity of Renewable Energy Alternatives and Technological Drawbacks in Several Countries
5.3 Market Opportunities
5.3.1 Surging Adoption of Gas Powered IC Engines in Developing Countries
5.4 Future Trends
5.4.1 Distributed Gas Generation
5.5 Impact Analysis of Drivers and Restraints
6. Internal Combustion Engines – Global Market Analysis
6.1 Global Internal Combustion Engines Market Overview
6.2 Internal Combustion Engines Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Internal Combustion Engines Market Revenue and Forecast to 2028 – Fuel Type
7.1 Overview
7.2 Internal Combustion Engines Market, by Fuel Type (2020 and 2028)
7.3 Diesel
7.3.1 Overview
7.3.2 Diesel: Internal Combustion Engines Market Revenue and Forecast To 2028 (US$ Million)
7.4 Gasoline
7.4.1 Overview
7.4.2 Gasoline: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
7.5 Natural Gas
7.5.1 Natural Gas: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
8. Internal Combustion Engines Market Revenue and Forecast to 2028 – Power Output
8.1 Overview
8.2 Internal Combustion Engines Market, by Power Output (2020 and 2028)
8.3–300 kW
8.3.1 Overview
8.3.2–300 kW: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
8.4–500kW
8.4.1 Overview
8.4.2–500kW: Internal Combustion Engines Market Revenue and Forecast To 2028 (US$ Million)
8.5 0.5–1 MW
8.5.1 Overview
8.5.2 0.5–1 MW: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
8.6 1–5 MW
8.6.1 Overview
8.6.2 1–5 MW: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
8.7 5–20 MW
8.7.1 Overview
8.7.2 5–20 MW: Internal Combustion Engines Market Forecast and Analysis
8.8 - 25 MW
8.8.1 - 25 MW: Internal Combustion Engines Market Forecast and Analysis
8.9 MW and above
8.9.1 Overview
8.9.2 MW and above: Internal Combustion Engines Market Forecast and Analysis
9. Internal Combustion Engines Market Revenue and Forecast to 2028 – End User
9.1 Overview
9.2 Internal Combustion Engines Market, by End User (2020 and 2028)
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
9.4 Marine
9.4.1 Overview
9.4.2 Marine: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
9.5 Power Generation
9.5.1 Overview
9.5.2 Power Generation: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
9.6 Aerospace and Defence
9.6.1 Overview
9.6.2 Aerospace and Defence: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
9.7 Automotive
9.7.1 Automotive: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
9.8 Off-road
9.8.1 Off-road: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Others: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
10. Internal Combustion Engines Market Revenue and Forecast to 2028 – Cylinders
10.1 Overview
10.2 Internal Combustion Engines Market, by Cylinders (2020 and 2028)
10.3 1
10.3.1 Overview
10.3.2 1: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
10.4 2
10.4.1 Overview
10.4.2 2: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
10.5 3
10.5.1 Overview
10.5.2 3: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
10.6 4
10.6.1 Overview
10.6.2 4: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
11. Internal Combustion Engines Market – Geographic Analysis
11.1 Overview
11.2 North America: Internal Combustion Engines Market
11.2.1 North America: Internal Combustion Engines Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Internal Combustion Engines Market, by Fuel Type
11.2.3 North America: Internal Combustion Engines Market, by Power Output
11.2.4 North America: Internal Combustion Engines Market, by End-User
11.2.5 North America: Internal Combustion Engines Market, by Cylinders
11.2.6 North America: Internal Combustion Engines Market, by Key Country
11.2.6.1 US: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Internal Combustion Engines Market, by Fuel Type
11.2.6.1.2 US: Internal Combustion Engines Market, by Power Output
11.2.6.1.3 US: Internal Combustion Engines Market, by End-User
11.2.6.1.4 US: Internal Combustion Engines Market, by Cylinders
11.2.6.2 Canada: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Internal Combustion Engines Market, by Fuel Type
11.2.6.2.2 Canada: Internal Combustion Engines Market, by Power Output
11.2.6.2.3 Canada: Internal Combustion Engines Market, by End-User
11.2.6.2.4 Canada: Internal Combustion Engines Market, by Cylinders
11.2.6.3 Mexico: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Internal Combustion Engines Market, by Fuel Type
11.2.6.3.2 Mexico: Internal Combustion Engines Market, by Power Output
11.2.6.3.3 Mexico: Internal Combustion Engines Market, by End-User
11.2.6.3.4 Mexico: Internal Combustion Engines Market, by Cylinders
11.3 Europe: Internal Combustion Engines Market
11.3.1 Europe: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Internal Combustion Engines Market, by Fuel Type
11.3.3 Europe: Internal Combustion Engines Market, by Power Output
11.3.4 Europe: Internal Combustion Engines Market, by End-User
11.3.5 Europe: Internal Combustion Engines Market, by Cylinders
11.3.6 Europe: Internal Combustion Engines Market, by Key Country
11.3.6.1 France: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 France: Internal Combustion Engines Market, by Fuel Type
11.3.6.1.2 France: Internal Combustion Engines Market, by Power Output
11.3.6.1.3 France: Internal Combustion Engines Market, by End-User
11.3.6.1.4 France: Internal Combustion Engines Market, by Cylinders
11.3.6.2 Germany: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 Germany: Internal Combustion Engines Market, by Fuel Type
11.3.6.2.2 Germany: Internal Combustion Engines Market, by Power Output
11.3.6.2.3 Germany: Internal Combustion Engines Market, by End-User
11.3.6.2.4 Germany: Internal Combustion Engines Market, by Cylinders
11.3.6.3 Italy: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 Italy: Internal Combustion Engines Market, by Fuel Type
11.3.6.3.2 Italy: Internal Combustion Engines Market, by Power Output
11.3.6.3.3 Italy: Internal Combustion Engines Market, by End-User
11.3.6.3.4 Italy: Internal Combustion Engines Market, by Cylinders
11.3.6.4 UK: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 UK: Internal Combustion Engines Market, by Fuel Type
11.3.6.4.2 UK: Internal Combustion Engines Market, by Power Output
11.3.6.4.3 UK: Internal Combustion Engines Market, by End-User
11.3.6.4.4 UK: Internal Combustion Engines Market, by Cylinders
11.3.6.5 Russia: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Internal Combustion Engines Market, by Fuel Type
11.3.6.5.2 Russia: Internal Combustion Engines Market, by Power Output
11.3.6.5.3 Russia: Internal Combustion Engines Market, by End-User
11.3.6.5.4 Russia: Internal Combustion Engines Market, by Cylinders
11.3.6.6 Rest of Europe: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Internal Combustion Engines Market, by Fuel Type
11.3.6.6.2 Rest of Europe: Internal Combustion Engines Market, by Power Output
11.3.6.6.3 Rest of Europe: Internal Combustion Engines Market, by End-User
11.3.6.6.4 Rest of Europe: Internal Combustion Engines Market, by Cylinders
11.4 APAC: Internal Combustion Engines Market
11.4.1 APAC: Internal Combustion Engines Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Internal Combustion Engines Market, by Fuel Type
11.4.3 APAC: Internal Combustion Engines Market, by Power Output
11.4.4 APAC: Internal Combustion Engines Market, by End-User
11.4.5 APAC: Internal Combustion Engines Market, by Cylinders
11.4.6 APAC: Internal Combustion Engines Market, by Key Country
11.4.6.1 Australia: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Internal Combustion Engines Market, by Fuel Type
11.4.6.1.2 Australia: Internal Combustion Engines Market, by Power Output
11.4.6.1.3 Australia: Internal Combustion Engines Market, by End-User
11.4.6.1.4 Australia: Internal Combustion Engines Market, by Cylinders
11.4.6.2 China: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Internal Combustion Engines Market, by Fuel Type
11.4.6.2.2 China: Internal Combustion Engines Market, by Power Output
11.4.6.2.3 China: Internal Combustion Engines Market, by End-User
11.4.6.2.4 China: Internal Combustion Engines Market, by Cylinders
11.4.6.3 India: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Internal Combustion Engines Market, by Fuel Type
11.4.6.3.2 India: Internal Combustion Engines Market, by Power Output
11.4.6.3.3 India: Internal Combustion Engines Market, by End-User
11.4.6.3.4 India: Internal Combustion Engines Market, by Cylinders
11.4.6.4 Japan: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Internal Combustion Engines Market, by Fuel Type
11.4.6.4.2 Japan: Internal Combustion Engines Market, by Power Output
11.4.6.4.3 Japan: Internal Combustion Engines Market, by End-User
11.4.6.4.4 Japan: Internal Combustion Engines Market, by Cylinders
11.4.6.5 South Korea: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Internal Combustion Engines Market, by Fuel Type
11.4.6.5.2 South Korea: Internal Combustion Engines Market, by Power Output
11.4.6.5.3 South Korea: Internal Combustion Engines Market, by End-User
11.4.6.5.4 South Korea: Internal Combustion Engines Market, by Cylinders
11.4.6.6 Rest of APAC: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Internal Combustion Engines Market, by Fuel Type
11.4.6.6.2 Rest of APAC: Internal Combustion Engines Market, by Power Output
11.4.6.6.3 Rest of APAC: Internal Combustion Engines Market, by End-user
11.4.6.6.4 Rest of APAC: Internal Combustion Engines Market, by Cylinders
11.5 MEA: Internal Combustion Engines Market
11.5.1 MEA: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Internal combustion engines Market, by Fuel Type
11.5.3 MEA: Internal combustion engines Market, by Power Output
11.5.4 MEA: Internal combustion engines Market, by End-User
11.5.5 MEA: Internal combustion engines Market, by Cylinder
11.5.6 MEA: Internal combustion engines Market, by Key Country
11.5.6.1 South Africa: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Internal combustion engines Market, by Fuel Type
11.5.6.1.2 South Africa: Internal combustion engines Market, by Power Output (2020 and 2028)
11.5.6.1.3 South Africa: Internal combustion engines Market, by End-User
11.5.6.1.4 South Africa: Internal combustion engines Market, by Cylinder
11.5.6.2 Saudi Arabia: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Internal combustion engines Market, by Fuel Type
11.5.6.2.2 Saudi Arabia: Internal combustion engines Market, by Power Output
11.5.6.2.3 Saudi Arabia: Internal combustion engines Market, by End-User
11.5.6.2.4 Saudi Arabia: Internal combustion engines Market, by Cylinder
11.5.6.3 UAE: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Internal combustion engines Market, by Fuel Type
11.5.6.3.2 UAE: Internal combustion engines Market, by Power Output
11.5.6.3.3 UAE: Internal combustion engines Market, by End-User
11.5.6.3.4 UAE: Internal combustion engines Market, by Cylinder
11.5.6.4 Rest of MEA: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Internal combustion engines Market, by Fuel Type
11.5.6.4.2 Rest of MEA: Internal combustion engines Market, by Power Output
11.5.6.4.3 Rest of MEA: Internal combustion engines Market, by End-User
11.5.6.4.4 Rest of MEA: Internal combustion engines Market, by Cylinder
11.6 South America: Internal combustion engines Market
11.6.1 South America: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Internal combustion engines Market, by Fuel Type
11.6.3 SAM: Internal combustion engines Market, by Power Output
11.6.4 SAM: Internal combustion engines Market, by End-User
11.6.5 SAM: Internal combustion engines Market, by Cylinders
11.6.6 SAM: Internal combustion engines Market, by Key Country
11.6.6.1 Brazil: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Internal combustion engines Market, by Fuel Type
11.6.6.1.2 Brazil: Internal combustion engines Market, by Power Output
11.6.6.1.3 Brazil: Internal combustion engines Market, by End-User
11.6.6.1.4 Brazil: Internal combustion engines Market, by Cylinder
11.6.6.2 Argentina: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Internal combustion engines Market, by Fuel Type
11.6.6.2.2 Argentina: Internal combustion engines Market, by End-User
11.6.6.2.3 Argentina: Internal combustion engines Market, by Cylinders
11.6.6.3 Rest of SAM: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Internal combustion engines Market, by Fuel Type
11.6.6.3.2 Rest of SAM: Internal combustion engines Market, by Power Output
11.6.6.3.3 Rest of SAM: Internal combustion engines Market, by End-User
11.6.6.4 Rest of SAM: Internal combustion engines Market, by Cylinder
12. Internal Combustion Engines Market - COVID-19 Impact Analysis
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.6 South America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Caterpillar Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Cummins Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Fairbanks Morse, LLC
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 INNIO
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Kawasaki Heavy Industries, Ltd.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 MAN SE
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Rolls-Royce plc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Wärtsilä Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 YANMAR HOLDINGS CO., LTD.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Scania
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Hyundai Heavy Industries Co., Ltd.
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Koenigsegg Automotive AB
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Financial Overview
14.12.4 SWOT Analysis
14.12.5 Key Developments
14.13 Cosworth
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
14.14 NISSAN MOTORSPORTS INTERNATIONAL CO., LTD.
14.14.1 Key Facts
14.14.2 Business Description
14.14.3 Products and Services
14.14.4 Financial Overview
14.14.5 SWOT Analysis
14.14.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Initiatives taken by suppliers for transition to Electric Drivetrain
Table 2. Key Market Developments
Table 3. Internal combustion engines Market – Revenue, and Forecast to 2028 (US$ Million)
Table 4. North America: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 8. North America: Internal Combustion Engines Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 11. US: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 12. US: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 24. Europe: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 25. Europe: Internal Combustion Engines Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 26. France: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. France: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 30. Germany: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Germany: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 32. Germany: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 33. Germany: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 36. Italy: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 37. Italy: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. UK: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 40. UK: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 41. UK: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 44. Russia: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 45. Russia: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of Europe: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of Europe: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. APAC: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 52. APAC: Internal Combustion Engines Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 53. APAC: Internal Combustion Engines Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 54. APAC: Internal Combustion Engines Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 57. Australia: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 58. Australia: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 59. China: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. China: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 61. China: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 62. China: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 63. India: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. India: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 65. India: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 66. India: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 69. Japan: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 70. Japan: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 73. South Korea: Internal Combustion Engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 74. South Korea: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of APAC: Internal Combustion Engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of APAC: Internal Combustion Engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 77. Rest of APAC: Internal Combustion Engines Market, by End-user – Revenue and Forecast to 2028 (US$ Million)
Table 78. Rest of APAC: Internal Combustion Engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: Internal combustion engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 81. MEA: Internal combustion engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 82. MEA: Internal combustion engines Market, by Cylinder – Revenue and Forecast to 2028 (US$ Million)
Table 83. MEA: Internal combustion engines Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 85. South Africa: Internal combustion engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 86. South Africa: Internal combustion engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 87. South Africa: Internal combustion engines Market, by Cylinder – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 89. Saudi Arabia: Internal combustion engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 90. Saudi Arabia: Internal combustion engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 91. Saudi Arabia: Internal combustion engines Market, by Cylinder – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 93. UAE: Internal combustion engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 94. UAE: Internal combustion engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 95. UAE: Internal combustion engines Market, by Cylinder – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 97. Rest of MEA: Internal combustion engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 98. Rest of MEA: Internal combustion engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 99. Rest of MEA: Internal combustion engines Market, by Cylinder – Revenue and Forecast to 2028 (US$ Million)
Table 100. SAM: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 101. SAM: Internal combustion engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 102. SAM: Internal combustion engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 103. SAM: Internal combustion engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 104. SAM: Internal combustion engines Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil Internal Combustion Engine (ICE) Market, by Power Output – Revenue and Forecast to 2028 (USD Million)
Table 107. Brazil Internal Combustion Engine (ICE) Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 108. Brazil: Internal combustion engines Market, by Cylinder– Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina: Internal combustion engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 111. Argentina: Internal combustion engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 112. Argentina: Internal combustion engines Market, by Cylinders – Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of SAM: Internal combustion engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of SAM Internal combustion engines (ICE) Market, by Power Output – Revenue and Forecast to 2028 (USD Million)
Table 115. Rest of SAM: Internal combustion engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 116. Rest of SAM: Internal combustion engines Market, by Cylinder – Revenue and Forecast to 2028 (US$ Million)
Table 117. List of Abbreviation
LIST OF FIGURES
Figure 1. Internal Combustion Engines Market Segmentation
Figure 2. Internal Combustion Engines Market Segmentation – By Geography
Figure 3. Global Internal Combustion Engines Market Overview
Figure 4. Internal Combustion Engines Market, by Fuel Type
Figure 5. Internal Combustion Engines Market, by Power Output
Figure 6. Internal Combustion Engines Market, by End User
Figure 7. Internal Combustion Engines Market, by Geography
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia-Pacific – PEST Analysis
Figure 11. Middle East and Africa – PEST Analysis
Figure 12. South America – PEST Analysis
Figure 13. Internal Combustion Engines Market: Ecosystem Analysis
Figure 14. TCO Breakeven Point by Truck class and Application
Figure 15. TCO Breakeven Point of Busses by Application
Figure 16. Initiatives taken by major OEMs in Trucks Market
Figure 17. Major Developments across major commercial vehicle classes
Figure 18. Gas Engine Market Impact Analysis of Drivers and Restraints
Figure 19. Geographic Overview of Internal Combustion Engines Market
Figure 20. Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Internal Combustion Engines Market, by Fuel Type (2020 and 2028)
Figure 22. Diesel: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Gasoline: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Natural Gas: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Internal Combustion Engines Market, by Power Output (2020 and 2028)
Figure 26.–300 kW: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 27.–500kW: Internal Combustion Engines Market Revenue and Forecast To 2028 (US$ Million)
Figure 28. 0.5–1 MW: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. 1–5 MW: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. 5-15 MW: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. - 25 MW: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ MN)
Figure 32. MW and above: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ MN)
Figure 33. Internal Combustion Engines Market, by End User (2020 and 2028)
Figure 34. Industrial: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 35. Marine: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. Power Generation: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 37. Aerospace and Defence: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 38. Automotive: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 39. Off-road: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 40. Others: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 41. Internal Combustion Engines Market, by Cylinders (2020 and 2028)
Figure 42. 1: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 43. 2: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 44. 3: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 45. 4: Internal Combustion Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 46. Global Internal Combustion Engines Market Revenue Share, By Region (2020 and 2028)
Figure 47. North America: Internal Combustion Engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. North America: Internal Combustion Engines Market Revenue Share, By Fuel Type (2020 and 2028)
Figure 49. North America: Internal Combustion Engines Market Revenue Share, By Power Output (2020 and 2028)
Figure 50. North America: Internal combustion engines Market Revenue Share, by End-User (2020 and 2028)
Figure 51. North America: Internal Combustion Engines Market Revenue Share, By Cylinders (2020 and 2028)
Figure 52. North America: Internal combustion engines Market Revenue Share, by Key Country (2020 and 2028)
Figure 53. US: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Canada: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Mexico: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Europe: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Europe: Internal combustion engines Market Revenue Share, by Fuel Type (2020 and 2028)
Figure 58. Europe: Internal combustion engines Market Revenue Share, by Power Output (2020 and 2028)
Figure 59. Europe: Internal combustion engines Market Revenue Share, by End-User (2020 and 2028)
Figure 60. Europe: Internal combustion engines Market Revenue Share, by Cylinders (2020 and 2028)
Figure 61. Europe: Internal combustion engines Market Revenue Share, by Key Country (2020 and 2028)
Figure 62. France: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Germany: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Italy: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. UK: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Russia: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of Europe: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. APAC: Internal Combustion Engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. APAC: Internal Combustion Engines Market Revenue Share, by Fuel Type (2020 and 2028)
Figure 70. APAC: Internal combustion engines Market Revenue Share, by Power Output (2020 and 2028)
Figure 71. APAC: Internal combustion engines Market Revenue Share, by End-User (2020 and 2028)
Figure 72. APAC: Internal combustion engines Market Revenue Share, by Cylinders (2020 and 2028)
Figure 73. APAC: Internal combustion engines Market Revenue Share, by Key Country (2020 and 2028)
Figure 74. Australia: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. China: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. India: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Japan: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. South Korea: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Rest of APAC: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. MEA: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. MEA: Internal combustion engines Market Revenue Share, by Fuel Type (2020 and 2028)
Figure 82. MEA: Internal combustion engines Market Revenue Share, by Power Output (2020 and 2028)
Figure 83. MEA: Internal combustion engines Market Revenue Share, by End-User (2020 and 2028)
Figure 84. MEA: Internal combustion engines Market Revenue Share, by Cylinder (2020 and 2028)
Figure 85. MEA: Internal combustion engines Market Revenue Share, by Key Country (2020 and 2028)
Figure 86. South Africa: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 87. South Africa: Internal combustion engines Market, by Power Output
Figure 88. South Africa: Internal combustion engines Market, by Cylinder
Figure 89. Saudi Arabia: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 90. Saudi Arabia: Internal combustion engines Market, by Fuel Type
Figure 91. Saudi Arabia: Internal combustion engines Market, by Power Output
Figure 92. Figure title
Figure 93. UAE: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 94. UAE: Internal combustion engines Market, by Fuel Type
Figure 95. UAE: Internal combustion engines Market, by Power Output
Figure 96. UAE: Internal combustion engines Market, by End-User
Figure 97. UAE: Internal combustion engines Market, by Cylinder
Figure 98. Rest of MEA: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 99. Rest of MEA: Internal combustion engines Market
Figure 100. Rest of MEA: Internal combustion engines Market, by Power Output
Figure 101. Rest of MEA: Internal combustion engines Market, by End-User
Figure 102. Rest of MEA: Internal combustion engines Market, by Cylinder
Figure 103. South America: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 104. SAM: Internal combustion engines Market Revenue Share, by Fuel Type (2020 and 2028)
Figure 105. SAM: Internal combustion engines Market Revenue Share, by Power Output (2020 and 2028)
Figure 106. SAM: Internal combustion engines Market Revenue Share, by End-User (2020 and 2028)
Figure 107. SAM: Internal combustion engines Market, by Cylinders
Figure 108. SAM: Internal combustion engines Market Revenue Share, by Key Country (2020 and 2028)
Figure 109. Brazil: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 110. Figure title
Figure 111. Brazil Internal Combustion Engine (ICE) Market, by Power Output
Figure 112. Brazil Internal Combustion Engine (ICE) Market, by End-User
Figure 113. Brazil: Internal combustion engines Market, by Cylinder
Figure 114. Argentina: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 115. Argentina: Internal combustion engines Market, by Fuel Type
Figure 116. Argentina: Internal combustion engines Market, by Power Output
Figure 117. Argentina: Internal combustion engines Market, by End-User
Figure 118. Argentina: Internal combustion engines Market, by Cylinders
Figure 119. Rest of SAM: Internal combustion engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 120. Rest of SAM: Internal combustion engines Market
Figure 121. Rest of SAM Internal combustion engines (ICE) Market
Figure 122. Rest of SAM: Internal combustion engines Market
Figure 123. Rest of SAM: Internal combustion engines Market, by Cylinder
Figure 124. Impact of COVID-19 Pandemic in North American Country
Figure 125. Impact of COVID-19 Pandemic in Europe Country
Figure 126. Impact of COVID-19 Pandemic in Asia Pacific Country
Figure 127. Impact of COVID-19 Pandemic in Middle East and Africa Country
Figure 128. Impact of COVID-19 Pandemic in South America Country
The List of Companies - Internal combustion engine Market
- Caterpillar Inc.
- Cummins Inc.
- Fairbanks Morse, LLC
- INNIO
- Kawasaki Heavy Industries, Ltd.
- MAN SE
- Rolls-Royce plc.
- Wärtsilä Corporation
- YANMAR HOLDINGS CO., LTD.
- Scania
- Hyundai Heavy Industries Co., Ltd.
- Koenigsegg Automotive AB
- Cosworth
- Nissan Motorsports International Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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May 2021
Solar PV Inverter Market
Forecast to 2030 - Global Analysis By Product Type (String, Micro, and Central), Phase (Single Phase and Three Phase), Connectivity (Standalone and On-grid), Application (Residential and Community, Commercial and Industrial, and Utility), and Capacity (Below 5 kW, 5–15 kW, 15–25 kW, 25–50 kW, and Above 50 kW)