Diesel Power Engine Market is Booming Worldwide by 2025 | MarketsandMarkets Blog - 0 views
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Almira Coyne on 02 Dec 21The global diesel power engine market is estimated to be USD 6.3 billion in 2020 and projected to reach USD 7.9 billion by 2025, at a CAGR of 4.6%. COVID-19 outbreak led to large scale shutdown of operations across sectors, and disruption of projects and investments across end use industries. Due to extended lockdown and disruption of operations the end use demand was low, and this was reflected in the 2020 first quarter sales of both Caterpillar, and Cummins who registered 21%, and 19% decline in revenues respectively.