North America Engines Market (2025-2031) | Companies, Value, Revenue, Outlook ,Forecast, Industry, Analysis, Share, Size, Growth & Trends
Market Forecast by Countries (United States, Canada), By Type (Power Generation (Emergency & Standby, Prime Power, Peak Shaving), Marine (Recreational and Commercial)), By Power Rating (0-60 HP, 61-100 HP, 101-300 HP, 301-500 HP, 501-700 HP, above 700 HP) And Competitive Landscape
| Product Code: ETC4623096 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 |
North America Engines Market Size & Growth Rate
According to 6Wresearch internal database and industry insights, the North America Engines Market was valued at USD 9.2 billion in 2024 and is projected to reach USD 16.8 billion by 2031, indicating a compound annual growth rate (CAGR) of 9.2% during the forecast period (2025–2031).
North America Engines Market Highlights
| Report Name | North America Engines Market |
| Forecast Period | 2025-2031 |
| Market Size | USD 16.8 billion by 2031 |
| CAGR | 5.2% |
| Growing Sector | Power Generation, Marine, and Industrial Applications |
Five-Year Growth Trajectory of the North America Engines Market with Core Drivers
Below mentioned is the evaluation of year-wise growth rate along with key drivers:
| Years | Est. Annual Growth (%) | Growth Drivers |
| 2020 | 2.4 | Increased demand for backup and standby power in industrial and commercial sectors. |
| 2021 | 4.1 | Adoption of new marine and recreational engines driven by rising leisure activities and eco-conscious consumers. |
| 2022 | 5.6 | Demand for energy-efficient and high-performance engines in power generation and marine sectors. |
| 2023 | 7.3 | Growth in infrastructure projects and rising government investments in renewable energy sources. |
| 2024 | 8.5 | Rapid development in the automotive sector and rise in demand for sustainable marine propulsion systems. |
Topics Covered in the North America Engines Market Report
The North America Engines Market report thoroughly covers the market by By Countries, By Type, By Power Rating, and By Application. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
North America Engines Market Synopsis
The North America Engines Market growth has been proliferating over the years, driven by various factors, such as advancements in engine technology and rising demand across power generation and marine. Additionally, the market growth is further driven by the increasing investments in high-performance and energy-efficient engines. In addition to this, governmental policies supporting infrastructure growth and sustainability.
Evaluation of Growth Drivers in the North America Engines Market
Below mentioned are some prominent drivers and their influence to the market dynamics:
| Drivers | Primary Segments Affected | Why it matters (evidence) |
| Government Support & Energy Policies | Power Generation (Emergency & Standby), Marine (Commercial & Recreational) | Government incentives to reduce emissions and improve energy efficiency drive engine development. |
| Demand for Sustainable Power Solutions | Power Generation (Prime Power), Marine | Rising demand for energy-efficient and low-emission engines in power generation and marine sectors. |
| Growth in Marine Industry | Marine (Recreational and Commercial) | Increased leisure boating and commercial maritime activities have boosted demand for efficient marine engines. |
| Technological Advancements in Engine Design | Power Generation, Industrial | Continuous advancements in engine technology for higher fuel efficiency and improved reliability. |
| Infrastructure Development | Power Generation (Peak Shaving), Industrial | Large-scale infrastructure projects, increase the need for reliable and efficient engines. |
The North America Engines Market size is projected to grow at a CAGR of 9.2% during the forecast period (2025–2031). Here are several factors contributing to the market growth includes demand for energy-efficient solutions and government incentives for low-emission engines. The rising popularity of sustainable power sources is another major growth proliferating factor. An increase in the demand for energy-efficient and high-performance engines in various sectors, including automotive, manufacturing, and power generation. Additionally, the engines are in high demand due to ongoing advancements in technologies, such as the integration of electric and hybrid technologies. Along with that, the demand for advanced engine systems is on the rise with the rising expansion of the transportation sector, including commercial and electric vehicles.
Evaluation of Restraints in the North America Engines Market
Below mentioned are some major restraints and their influence to the market dynamics:
| Restraints | Primary Segments Affected | What this means (evidence) |
| Stringent Emission Regulations | All engine types | Strict emission norms raise compliance costs for engine manufacturers and limit the production of older, inefficient engine models. |
| High Operating Costs | Power Generation (Prime Power), Marine | Rising fuel prices and maintenance costs for high-capacity engines, impact affordability. |
| Market Saturation in Traditional Segments | Power Generation (Standby & Emergency), Industrial | The mature market for conventional engines in certain segments like standby power generation is limiting the growth potential. |
| Renewable Energy Competition | Power Generation | The transition to renewable energy sources (wind, solar) is limiting the market demand for traditional engine-based power solutions. |
| Supply Chain & Component Shortages | All segments | Disruptions in the global supply chain and the reliance on imported components, such as semiconductors and engine parts. |
North America Engines Market Challenges
On the other hand, some challenges that could affect the growth of the market need to be encountered. These challenges are high initial cost of advanced engines and supply chain vulnerabilities. Additionally, the shift to renewable energy is gradually decreasing dependency on conventional engine-based power generation. Strict emission norms raise compliance costs for engine manufacturers and limit the production of older, inefficient engine models.
North America Engines Market Trends
Several prominent trends reshaping the market growth include:
- Hybrid Engine Solutions – The growing demand for hybrid engines, combining fossil fuel and renewable energy sources, especially for marine and off-grid power generation applications.
- Smart Engine Technology – Increased adoption of telematics and IoT-enabled engines that enable real-time monitoring and optimization of performance, enhancing fuel efficiency.
- Electrification of Marine Engines – A shift towards electric and hybrid marine engines driven by regulatory pressure to reduce emissions from the shipping and recreational sectors.
Investment Opportunities in the North America Engines Industry
Some prominent investment opportunities in the market include:
- Next-Generation Marine Propulsion Systems – The development and commercialization of eco-friendly, high-efficiency engines for both recreational and commercial maritime applications.
- Grid Modernization & Backup Solutions – Investing in backup power solutions for residential and industrial sectors, focusing on peak shaving and emergency power applications.
- R&D in Engine Efficiency and Sustainability – Increased investment in R&D for developing engines with lower fuel consumption, reduced emissions, and enhanced reliability.
Top 5 Leading Players in the North America Engines Market
Some leading players operating in the market include:
1. Caterpillar Inc.
| Company Name | Caterpillar Inc. |
|---|---|
| Established Year | 1925 |
| Headquarters | Deerfield, Illinois, USA |
| Official Website | Click Here |
Caterpillar is a leader in power generation engines, providing both diesel and natural gas engines for industrial, marine, and power generation applications.
2. Cummins Inc.
| Company Name | Cummins Inc. |
|---|---|
| Established Year | 1919 |
| Headquarters | Columbus, Indiana, USA |
| Official Website | Click Here |
Cummins is a prominent manufacturer of diesel, natural gas, and hybrid engines for various industrial and commercial applications, including marine and power generation.
3. Wärtsilä Corporation
| Company Name | Wärtsilä Corporation |
|---|---|
| Established Year | 1834 |
| Headquarters | Helsinki, Finland |
| Official Website | Click Here |
Wärtsilä is a leading player in the development of sustainable and smart technologies for marine and power generation engines.
4. General Electric Company (GE)
| Company Name | General Electric Company (GE) |
|---|---|
| Established Year | 1892 |
| Headquarters | Boston, Massachusetts, USA |
| Official Website | Click Here |
General Electric is a key player in the development of industrial gas turbines and other high-efficiency engines for power generation applications.
5. Volvo Penta
| Company Name | Volvo Penta |
|---|---|
| Established Year | 1907 |
| Headquarters | Gothenburg, Sweden |
| Official Website | Click Here |
Volvo Penta is known for its high-performance engines for marine applications, providing both recreational and commercial engines with low emissions and high fuel efficiency.
Government Regulations Introduced in the North America Engines Market
To promote energy-efficient engines and reduce emissions, various initiatives have been introduced by the authorities across the region. Some of them are U.S. EPA Tier 4 Final Emissions Standards and Canada's Greenhouse Gas Emissions Standards, which mandate the reduction of particulate matter and nitrogen oxide emissions in industrial and stricter emissions standards for engines in the industrial, marine, and power generation sectors. Additionally, some regulations under the California Air Resources Board (CARB) are aimed at reducing emissions from internal combustion engines.
Future Insights of the North America Engines Market
The North America Engines Market share is estimated to increase in the coming years due to future trends such as an increase in the demand for energy-efficient solutions and growing infrastructure projects. Rising government support for sustainable energy will be another major factor for market growth. Advancements in hybrid and electric engine technologies for both marine and industrial applications will positively impact market expansion. The demand for engines in power generation, especially for emergency and standby power, will also support continued market growth.
Market Segmentation Analysis
The report offers a comprehensive study of the following market segments and their leading categories.
By Countries – United States to Dominate the Market
According to Navnita, Senior Research Analyst, 6Wresearch, the United States dominates the market due to high industrial and marine activity, as well as strong government policies supporting engine development.
By Type – Power Generation to Dominate the Market
Power Generation (Emergency & Standby) – The power generation engines for emergency and standby applications dominate the market, especially driven by demand from the industrial and commercial sectors.
By Power Rating – 0-60 HP to Dominate the Market
0-60 HP – Engines in this power rating category are widely used in recreational marine and small-scale industrial applications due to their low operating cost and versatility.
By Application – Marine to Dominate the Market
Marine (Recreational and Commercial) – The marine segment, especially for recreational boating and commercial vessels, holds a large market share due to growing interest in leisure activities and commercial maritime operations.
Key Attractiveness of the Report
- 10 Years of Market Numbers
- Historical Data Starting from 2021 to 2024
- Base Year: 2024
- Forecast Data until 2031
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report:
- North America Engines Market Outlook
- Market Size of North America Engines Market, 2024
- Forecast of North America Engines Market, 2031
- Historical Data and Forecast of North America Engines Revenues & Volume for the Period 2021 - 2031
- North America Engines Market Trend Evolution
- North America Engines Market Drivers and Challenges
- North America Engines Price Trends
- North America Engines Porter's Five Forces
- North America Engines Industry Life Cycle
- Historical Data and Forecast of North America Engines Market Revenues & Volume By Type for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By Power Generation (Emergency & Standby, Prime Power, Peak Shaving) for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By Marine (Recreational and Commercial) for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By Type for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By Power Generation (Emergency & Standby, Prime Power, Peak Shaving) for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By Marine (Recreational and Commercial) for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By Type for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By Power Generation (Emergency & Standby, Prime Power, Peak Shaving) for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By Marine (Recreational and Commercial) for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By Power Rating for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By 0-60 HP for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By 61-100 HP for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By 101-300 HP for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By 301-500 HP for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By 501-700 HP for the Period 2021 - 2031
- Historical Data and Forecast of North America Engines Market Revenues & Volume By above 700 HP for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By Power Rating for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By 0-60 HP for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By 61-100 HP for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By 101-300 HP for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By 301-500 HP for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By 501-700 HP for the Period 2021 - 2031
- Historical Data and Forecast of United States Engines Market Revenues & Volume By above 700 HP for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By Power Rating for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By 0-60 HP for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By 61-100 HP for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By 101-300 HP for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By 301-500 HP for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By 501-700 HP for the Period 2021 - 2031
- Historical Data and Forecast of Canada Engines Market Revenues & Volume By above 700 HP for the Period 2021 - 2031
- North America Engines Market - Key Performance Indicators
- North America Engines Market - Import Export Trade Statistics
- North America Engines Market - Opportunity Assessment By Countries
- North America Engines Market - Opportunity Assessment By Type
- North America Engines Market - Opportunity Assessment By Power Rating
- North America Engines Market - Top Companies Market Share
- North America Engines Market - Top Companies Profiles
- North America Engines Market - Comparison of Players in Technical and Operating Parameters
- North America Engines Market - Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Countries
- United States
- Canada
By Type
- Power Generation
- Emergency & Standby
- Prime Power
- Peak Shaving
- Marine
- Recreational
- Commercial
By Power Rating
- 0-60 HP
- 61-100 HP
- 101-300 HP
- 301-500 HP
- 501-700 HP
- Above 700 HP
North America Engines Market (2025-2031) : FAQ's
The North America Engines Market is projected to grow at a CAGR of approximately 9.2% during the forecast period.
The North America Engines Market was valued at USD 9.2 billion in 2024 and is expected to reach USD 16.8 billion by 2031.
Growth drivers include technological advancements, increasing demand for low-emission engines, and government incentives for green solutions.
Challenges include high initial engine costs and market saturation in mature engine segments.
6Wresearch actively monitors the North America Engines Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the North America Engines Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 North America Engines Market Overview |
| 3.1 North America Regional Macro Economic Indicators |
| 3.2 North America Engines Market Revenues & Volume, 2021 & 2031F |
| 3.3 North America Engines Market - Industry Life Cycle |
| 3.4 North America Engines Market - Porter's Five Forces |
| 3.5 North America Engines Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 North America Engines Market Revenues & Volume Share, By Type, 2021 & 2031F |
| 3.7 North America Engines Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
| 4 North America Engines Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 North America Engines Market Trends |
| 6 North America Engines Market, 2021 - 2031 |
| 6.1 North America Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
| 6.2 North America Engines Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
| 7 United States Engines Market, 2021 - 2031 |
| 7.1 United States Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
| 7.2 United States Engines Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
| 8 Canada Engines Market, 2021 - 2031 |
| 8.1 Canada Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
| 8.2 Canada Engines Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
| 9 North America Engines Market Key Performance Indicators |
| 10 North America Engines Market - Opportunity Assessment |
| 10.1 North America Engines Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 10.2 North America Engines Market Opportunity Assessment, By Type, 2021 & 2031F |
| 10.3 North America Engines Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
| 11 North America Engines Market - Competitive Landscape |
| 11.1 North America Engines Market Revenue Share, By Companies, 2024 |
| 11.2 North America Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
| 12 Company Profiles |
| 13 Recommendations |
| 14 Disclaimer |
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