Report

Diesel Engine is used in varied applications spread across industries like Agriculture, Automotive, Construction & Industrials, Marine, Railways, Power etc and the all the sector where diesel engines are used are closely correlated with the growth in economy. Diesel engines are key power sources for equipment employed in heavy-duty industries, such as construction, mining, and heavy commercial vehicles. These engines are preferred due to their high thermal efficiency and cost-effectiveness. Heavy diesel engines with power greater than 100 hp find applications in commercial vehicles, such as trucks and buses, and in off-road equipment, such as locomotives, construction machinery, power generator sets, agriculture machinery, and in marine, military, and other applications.

From mechanical output to electrical energy output, use of diesel engine in India is only expected to grow. Although, the power scenario across the country is on an improvement path, the demand for diesel engine in Industrials segment hasn’t shown any sign of exhaustion but only a minor phase of consolidation between FY13-17. It’s during this phase that the demand was sluggish across all major industrial segments, like, construction, agriculture, oil & gas etc.

At the inflection point, the industry is expected to witness fresh wave of demand and growth would be driven by higher volumes in the mid/high horse power (HP) segment as well as from low HP products predominantly used in agriculture sector. Key end markets that are likely to fuel the revival are Infrastructure (Roads, Metro Rail, Railways), Commercial (IT/ITES, Data Centers, Hotels, Hospitals, Educational Institutions), and Manufacturing (Pharmaceuticals, Automotive).

As the mechanization in farm sector takes centre stage to improve overall productivity in the farm sector, demand for diesel engines in farm equipment like tractors, tillers, combine, brush cutter, power weeder, chaffe cutter etc, are likely to grow significantly. Followed by agriculture sector, the demand for diesel engine will be driven by growth in construction sector that will entail demand for construction machinery like excavator, dozer, loader, backhoe loader, concrete pump etc. InfraInsights research report “Demand Outlook for Industrial Diesel Engine Market in India by 2024-25: Infrastructure and Agriculture to Provide Leg up to Demand?” aims to study the underlying growth in different sector that drive the demand for diesel engines and then extrapolate the projected growth in the sector and provide further segmentation of growth by rating, end use application and region. Report will serve as an indispensable source of information for OEMs to undertake demand planning exercise by which they can plan the growth strategy by 2024-25.