Press release
Diesel Engine Market Set to Reach New Heights with a CAGR of 4.93%, Valued at USD 9.03 Billion in 2023
Diesel Engine Market
The global diesel engine market is poised for significant growth, valued at USD 9.03 billion in 2023 and projected to grow at a CAGR of 4.93% during the forecast period from 2024 to 2030, reaching an estimated market size of USD 12.65 billion by 2030. This growth is driven by increasing demand in automotive, industrial, and marine applications, coupled with advancements in emission technologies.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/14704/
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's diesel engine market is flourishing due to its expanding construction and agricultural sectors. Key players such as Cummins Inc. and Deutz AG are increasing their presence in the country, forming partnerships to tap into its growing industrial base. Recent investments in infrastructure projects are further fueling the demand for diesel-powered machinery.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand, as a manufacturing hub in Southeast Asia, is witnessing a surge in diesel engine demand, particularly in the automotive sector. Companies like Kubota Corporation are leading the market with innovative product launches. A notable development includes Thailand's government-backed incentives to promote fuel-efficient technologies, driving adoption of advanced diesel engines.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง'๐ฌ ๐๐ข๐๐ฌ๐๐ฅ ๐๐ง๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
Japan continues to lead with its high-tech innovations in diesel engines. Companies like Yanmar Holdings Co. Ltd. and Mitsubishi Heavy Industries are actively engaged in mergers and acquisitions to expand their technological edge. Recent consolidation efforts aim to enhance efficiency and meet stringent environmental standards.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ข๐๐ฌ๐๐ฅ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is focusing on sustainable diesel technology to meet its ambitious carbon neutrality goals. Hyundai Heavy Industries recently collaborated with international firms to develop low-emission diesel engines for marine applications. The government is also supporting R&D initiatives, providing subsidies to local manufacturers.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/14704/
๐๐ข๐๐ฌ๐๐ฅ ๐๐ง๐ ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's strategic location as a global maritime hub has made it a key player in diesel engine usage. Rolls-Royce Holdings plc is actively investing in the region to cater to the growing demand in marine and power generation sectors. Additionally, advancements in diesel hybrid technologies are shaping the market landscape in Singapore.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The U.S. diesel engine market is driven by its vast automotive and industrial sectors. Companies like Caterpillar Inc. and Cummins Inc. are at the forefront, introducing high-efficiency diesel engines to comply with EPA regulations. Mergers and acquisitions, such as the partnership between John Deere and Hitachi Construction Machinery, have strengthened the market's competitive edge.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's diesel engine market is evolving rapidly, with a strong focus on green technologies. Prominent players like Volvo Penta and Robert Bosch GmbH are investing heavily in research to produce engines with lower emissions. Recent European Union policies to phase out older diesel engines are encouraging the adoption of new-generation models.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/14704/
๐๐ข๐๐ฌ๐๐ฅ ๐๐ง๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง
Standby
Prime /Continuous
Peak Shaving
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐
Agricultural vehicle
Commercial Vehicle
Passenger Vehicle
Construction Vehicle
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Industrial
Commercial
Residential
๐๐ข๐๐ฌ๐๐ฅ ๐๐ง๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1.ACGO Corporation
2.China FAW Group
3.Mitsubishi Heavy Industries
4.Bosch
5.Deere & Company
6.Continental AG
7.Delphi Automotive
8.Ford Motor
9.Swaraj
10.General Motors
11.MAN SE
12.Caterpillar
13.Cummins
14.Detroit Diesel
15.Deutz
16.Fairbanks Morse
17.GE Transportation
18.HATZ Diesel
19.Rolls-Royce
20.Volvo
21.Wartsila
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/diesel-engine-market/14704/
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Cummins Inc. announced a joint venture with a leading Asian firm to manufacture low-emission diesel engines for heavy machinery.
Kubota Corporation expanded its manufacturing capacity in Thailand to meet growing regional demand.
Yanmar Holdings Co. Ltd. launched a new line of compact diesel engines aimed at small and medium-sized enterprises.
Caterpillar Inc. invested in smart engine diagnostics technology to enhance operational efficiency.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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