COVID-19 Update: Small Internal Combustion Engine (ICE) Market is Expected to Grow at a Healthy CAGR 4.5% with Top Players: Yanmar Holdings, Wärtsilä, Liebherr and Fairbanks Morse

According to our latest market study on “Small Internal Combustion Engine (ICE) Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Fuel Type (Gasoline, Diesel, and Gas), Cylinders (1, 2, 3, and 4), Power Output (1–5 kW, 6–10 kW, and 11–20 kW), and End-Use Industry (Power Generation, Manufacturing, Oil and Gas, Transportation, and Others),” the market was valued at US$ 4,450.14 million in 2019 and it is projected to reach US$ 5,280.83 million by 2027. It is expected to grow at a CAGR of 4.5% from 2019 to 2027.

The internal combustion (IC) engine manufacturing industry is continuously evolving with innovations in product offerings to support emission targets. Rising demand for fuel-efficient and low pollution emitting engines to reduce the amount of air pollution is propelling the market growth. However, the advent of electric motors in transportation, automotive, and other sectors in the global market is hampering the market growth. However, small internal combustion engines still have an opportunity to sustain the growth owing to their improved fuel efficiency. The rising demand for miniaturization of power equipment to optimize space and design is being fulfilled with small internal combustion engines. This new power equipment needs to perform better within similar space or smaller space for which major companies are selecting small IC engines. The natural gas used in small engines combustion technology has the potential to resolve the high emission problems and it would help the manufacturers to meet new regulatory norms. There is an increase in the adoption of small internal combustion engines in South America, Africa, and Asia, while North America and Europe would be moving toward electric motors during the forecast period. 

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The proposed Small Internal Combustion Engine (ICE) Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.

The Small Internal Combustion Engine (ICE) Market sample report includes an exclusive analysis of the COVID-19 pandemic on the market space under scrutiny. The sample represents the format of the overall study which is designed to provide clarity on the structure of the report and some data points demonstrated in an attempt to provide insights into the study quality.

Furthermore, the Small Internal Combustion Engine (ICE) Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The Structure of The Small Internal Combustion Engine (ICE) Market Report Can Be Categorized into Following Sections:

Section 1: Scope of the Report & Research Methodology
Section 2: Key Takeaways
Section 3: Market variables & their impact on growth and analytical tools providing High-Level Insights into the Market Dynamics and Growth Pattern
Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category are summed up to form the Global Market.
Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.

The Prominent/Emerging Players In The Small Internal Combustion Engine (ICE) Market Research Include:

Caterpillar
Cummins Inc.
Fairbanks Morse
INNIO
Kawasaki Heavy Industries, Ltd
Liebherr Group
MITSUBISHI HEAVY INDUSTRIES, LTD.
Rolls-Royce plc
Wärtsilä
Yanmar Holdings Co., Ltd.

The Small Internal Combustion Engine (ICE) Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Integration of Turbocharging and Remote Monitoring

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 requirements. The turbocharging technology is supposed to be introduced for water pumps, rickshaws, lawnmowers, 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.

Company Overview:

Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.

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The Small Internal Combustion Engine (ICE) Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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