Diesel Power Engine Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

The global diesel power engine market is anticipated to grow at a CAGR of 4.1% during the forecast period. The demand for diesel power engines is increasing in developing countries such as India, China, and others. The industries in these countries are highly affected by the power cut which makes these industries to adopt the standby diesel power engine to temporarily meet the power demand, which in turn fuels the overall diesel power engine market. Thus, the major market players are expanding the production capacity of diesel power engines in these countries to meet the requirements. For instance, in February 2021, Japan-based Yanmar Group inaugurated its first diesel engine manufacturing facility in India at ORIGINS, Chennai. The total built-up area is around 23,708 sq mt, with a production capacity of 80,000 engines annually. The manufacturing facility is built to cater to the domestic and export market demand. Additionally, the facility will manufacture diesel engines for tractors, construction equipment, and generators.

Moreover, in August 2019, Doosan Infracore signed an engine production and sales contract with PT Boma Bisma Indra (BBI) in Surabaya, Indonesia. Doosan Infracore signed a strategic partnership deal to participate in the Indonesian government's Indonesian National Engine Manufacturing Project. Under this contract, BBI set up a dress-up and SKD plant that can produce up to 16,000 units a year. At the plant, they will produce a variety of engine products to meet demand from Indonesia's major engine markets, including engines for ships, construction machinery, agricultural machinery, and generators. Additionally, the companies are planning to ramp up production to up to 25,000 units in the future to cater to the need of the South East Asian markets. Additionally, Doosan Infracore and BBI jointly participate in the marine industry exhibition Inamarine, held in Jakarta, Indonesia to promote their partnership in mass-producing engines and to attract customers.

To Request a Sample of our Report on Diesel Power Engine Market: https://www.omrglobal.com/request-sample/diesel-power-engine-market

Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Operation

· By Speed

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including AGCO Corp, BorgWarner Inc., Caterpillar Inc., Continental AG, Cummins Inc., Doosan Group, FAW Group Corp Ltd., and others.

A full Report of Diesel Power Engine Market is Available @ https://www.omrglobal.com/industry-reports/diesel-power-engine-market

Diesel Power Engine Market Report Segment

By Operation

· Standby

· Prime

· Peak Shaving

By Speed

· Below 720 RPM

· 720-1000 RPM

· Above 1000 RPM

By End-User

· Industrial

· Commercial

· Residential

Diesel Power Engine Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• AGCO Corp.

• BorgWarner Inc.

• Caterpillar Inc.

• Continental AG

• Cummins Inc.

• Doosan Group

• FAW Group Corp Ltd.

• Ford Motor Co.

• General Motors

• Hyundai Heavy Industries Co., Ltd.

• John Deere Group

• Kohler Co.

• Kubota Corp.

• MAN SE

• Mitsubishi Heavy Industries, Ltd.

• Robert Bosch GmbH

• Rolls-Royce Holdings plc

• Volvo Penta

• Wärtsilä Corp.

• Yanmar Co. Ltd.

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/diesel-power-engine-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.