Diesel engine market set to reach 54.7 billion USD by 2032

The market for diesel engines for vehicles will reach 54.7 billion USD by 2032, driven by urbanization and increased automobile production, despite high operating costs.

Share:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

The market for diesel engines for vehicles is growing steadily, driven by rapid urbanization and rising automobile production in developing countries.
However, this momentum is tempered by significant challenges, including high fuel and operating costs, which are holding back the wider adoption of these technologies.
High-speed diesel engines, widely used in marine applications and power generators, retain their appeal thanks to their flexibility and ability to operate in demanding environments.
However, manufacturers are being forced to innovate to overcome the obstacles posed by environmental regulations and increased pressure to reduce pollutant emissions.

Innovations and regulatory issues

The optimization of diesel engines, in particular through the integration of energy-efficient components, has become an imperative for automakers.
These technological advances not only make it possible to reduce the energy footprint of vehicles, but also to meet the growing demands of environmental standards.
The pressure to improve fuel efficiency and reduce emissions is leading to increased adoption of sophisticated technologies in modern diesel engines.
These developments respond to a growing demand for greener solutions, while maintaining high levels of performance, a necessity in an increasingly competitive market.

The key role of Asia-Pacific

The Asia-Pacific region is positioning itself as a major player in the diesel engine market.
With countries such as China and India leading the way, demand is driven by massive infrastructure projects and soaring energy consumption.
The lack of electrical infrastructure in these countries is accentuating the need for diesel generators, particularly in the industrial and commercial sectors.
These expanding markets represent significant opportunities for manufacturers, but they also call for responses tailored to regional specificities.
The ability to supply efficient engines, capable of meeting energy requirements while respecting local environmental constraints, will be decisive for the sector’s future growth.

An American-built electric aircraft completed a test flight between Stavanger and Bergen, marking a key step in integrating zero-emission air cargo operations into Norwegian airspace.
The visit marks a new step in the cooperation between the United Arab Emirates and Tellus Power, aiming to establish an EV charging station production unit in the Gulf.
Toyota launches production of its first electric vehicle in Europe at its Kolin plant in the Czech Republic, supported by a €680mn investment, including €64mn in public funding.
The Canadian government invests CAD22.7mn ($16.7mn) in eight projects to strengthen the electric vehicle charging network in British Columbia.
Ireland presents an SAF roadmap structured around four pillars, projecting 88,000 tons in 2030 and 318,000 tons in 2035, aligned with ReFuelEU and European support, while Aer Lingus and Ryanair set usage targets.
Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.
The Japanese group TDK’s venture capital fund supports Ultraviolette, an Indian electric motorcycle manufacturer, to help it scale up in a domestic market estimated at over $50 billion within ten years.
U Power announces the signing of a letter of intent to supply 300 battery-swapping compatible electric vehicles in partnership with a Hong Kong-based technology manufacturer, marking a major milestone for intelligent commercial mobility.
According to Ember, only 3% of India’s wind and solar targets for 2032 would be sufficient to cover the entire electric vehicle charging demand, provided appropriate measures are taken for grid management and charging infrastructure.
TotalEnergies holds 23% of the high-power charging market on French motorways, according to data published by Gireve, with more than 1,800 active points across 265 service stations.
The British government is mobilising USD845mn to subsidise electric-car purchases, easing pressure on an industry hit by US tariffs and preparing for the 2030 ban on internal-combustion engines.
Octopus Energy’s Electroverse platform surpasses one million public electric vehicle charging points, strengthening its international presence with a subscription-free model available in 40 countries through a single payment card.
Belgian marine constructor DEME floated its second giant wind-turbine installation vessel, Norse Energi, at China’s CIMC Raffles yard, a key step in an investment programme aimed at meeting growing offshore lifting demand.
The Northern Sea Route attracts businesses due to its logistical speed but presents significant technological challenges for the naval industry, especially in designing vessels adapted to extreme Arctic conditions.
The U.S. Department of Transportation is withdrawing strict fuel economy standards adopted under Biden, citing overreach in legal authority regarding the integration of electric vehicles into regulatory calculations for automakers.
The Indian Renewable Energy Development Agency is pursuing Gensol for a total default of over Rs 7.28 billion ($90.91mn), now targeting its electric vehicle leasing business.
The International Energy Agency expects electric vehicles to cut oil demand by 5 million barrels per day by 2030, down from a previous estimate of 6 million, citing economic and trade uncertainties.
Adani Enterprises has launched a hydrogen-powered truck at a public mine in Chhattisgarh, marking a first in India for heavy transport in the mining sector.
Shipbuilder Incat has unveiled a 130-metre electric catamaran designed for Buquebus, intended to connect Montevideo to Buenos Aires with a capacity of 2,100 passengers.
Ferrari unveiled on April 29 the 296 Speciale, a lighter and optimised version of the 296 GTB, featuring an 880 hp hybrid powertrain and aerodynamic innovations inspired by racing.

Log in to read this article

You'll also have access to a selection of our best content.