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A discount of Rs 6.63 a litre and diesel at a deficit of Rs 6.25 per litre, is likely to be waved off after the current Parliament session, an Oil Ministry official said in New Delhi on Monday.

Swedish carmaker Volvo has sent a letter to some 155,000 owners of certain diesel models about reports that their vehicle might accelerate, even if the driver has not touched the gas pedal, news reports said Monday.

Petrol pump owners in Delhi on Friday threatened to close shop indefinitely if the state government does not bring down the value added tax (VAT) on diesel in the next 15 days.

Hyundai Motor plans a $550 million diesel engine plant in India with locally-sourced components to give customers a wider choice and consolidate its position as the country's largest exporter of passenger cars, top officials said.

Bharat Book Bureau Provides the Trending Market Research Report on "Saudi Arabia Construction Equipment Market" under Heavy Industry category. The Saudi Arabia Construction Equipment Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. According to "Saudi Arabia Construction Equipment Rental Market, Competition Forecast & Opportunities, 2013-2023" construction equipment rental market is projected to cross $ 1 billion by 2023, on account of anticipated growth in the country's construction industry, increasing foreign investments, rising government spending through expansionary budget and growing number of real estate and housing projects in the country.

Bharat Book Bureau Provides the Trending Market Research Report on "India Gas Gensets Market" under Heavy Industry category. The Indian Gas Gensets Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. According to "India Gas Gensets Market By Rating, By Application, By End Use, By Market Source, By Fuel Type, Competition Forecast & Opportunities, 2023" gas gensets market is forecast to surpass $ 315 million by 2023. Anticipated growth in the market can be attributed to growing pipeline infrastructure and increasing awareness about gas being a cleaner fuel. Moreover, lower operating cost of gas gensets as compared to diesel gensets along with growing construction activities is further boosting demand for gas gensets in India. Request a free sample copy Gas Gensets of Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/1275035

According to the new market research report "Portable Generator Market by Fuel (Gasoline, Diesel, Natural Gas, Others), Application (Emergency, Prime/Continuous), Power Rating (below 5 kW, 5-10 kW, 10-20 kW), End User (Residential, Commercial, Industrial), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Portable Generator Market size will grow to USD 2.5 billion by 2026 (forecast year) from USD 1.8 billion in 2021 (estimated year), at a CAGR of 6.7% during the forecast period. Need for backup power during blackouts is one of the key factors driving the growth of the Portable Generator Market. Increase in adoption of dual fuel and inverter generator to offer lucrative opportunities for the Portable Generator Market during the forecast period.

According to the new market research report "Marine Engines Market by Power (20) 000 hp, Vessel (Commercial, Offshore), Fuel (Heavy, Intermediate, Marine Diesel and Gas Oil), Engine (Propulsion & Auxiliary), Type, and Region - Global Forecast to 2025″, is projected to grow from USD 11.8 billion in 2020 to USD 13.7 billion by 2025; it is expected to grow at a CAGR of 3.1% from 2020 to 2025. The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety.

The data center segment is projected to hold the largest market share during forecast period. Investments in large hyperscale data centers have increased significantly to meet the increasing data demand. Rotary Uninterruptible Power Supply (UPS) Market by Power Rating (up to 1000 kVA, 1001-2000 kVA, 2001-2500 kVA, and Above 2500 kVA), Type (Diesel, Hybrid), Application, and Region(APAC, North America, Europe, MEA, South America)

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The global electric traction motor market is expected to grow at a CAGR of 20.9%, from 2020 to 2025, to reach USD 36.6 billion by 2025 from an estimated market size of USD 14.2 billion in 2020. A traction motor is an electric motor used for propulsion in various applications, particularly in electric and diesel-electric locomotive applications, such as electrically powered rail vehicles, electric vehicles, trolleybuses, hybrid buses, and mining trucks. Electric traction motors are associated with a wide range of advantages, including high starting torque, lower maintenance costs compared to steam traction motors, low-noise designs, and effortless speed control. This further results in increased demand for high-performance motors and are likely to drive the electric traction motor market during the forecast period.

The global hydrogen fuel cell vehicle (HFCV) market was valued at USD 2.56 billion in 2019 and is expected to exhibit a CAGR of 41.2% over the forecast period. In contrast with the cars that uses petrol or diesel, or gasoline, a hydrogen fuel cell vehicle combines hydrogen with oxygen to generate electricity.

According to the new market research report "Marine Engines Market by Power (20) 000 hp, Vessel (Commercial, Offshore), Fuel (Heavy, Intermediate, Marine Diesel and Gas Oil), Engine (Propulsion & Auxiliary), Type, and Region - Global Forecast to 2025″, the global marine engines market size is projected to grow from USD 11.8 billion in 2020 to USD 13.7 billion by 2025; it is expected to grow at a CAGR of 3.1% from 2020 to 2025. The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety.

According to the new market research report "Portable Generator Market by Fuel (Gasoline, Diesel, Natural Gas, Others), Application (Emergency, Prime/Continuous), Power Rating (below 5 kW, 5-10 kW, 10-20 kW), End User (Residential, Commercial, Industrial), and Region - Global Forecast to 2026″, The portable generator market size will grow to USD 2.5 billion by 2026 (forecast year) from USD 1.8 billion in 2021 (estimated year), at a CAGR of 6.7% during the forecast period. Need for backup power during blackouts is one of the key factors driving the growth of the portable generator market. Increase in adoption of dual fuel and inverter generator to offer lucrative opportunities for the portable generator market during the forecast period.

According to the new market research report "Combined Heat and Power Market by Capacity (300 MW), Prime Mover (Gas Turbine, Steam Turbine, Reciprocating Engine, Fuel Cell, Microturbine, and Others (Stirling Engine System and Combined Cycle)), Fuel(Coal, Natural Gas, Biogas/Biomass, Nuclear, Diesel, and Others (Biodiesel and Geothermal)), End User(Residential, Commercial, Industrial, Utilities), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Combined Heat and Power Market size will grow to USD 35.2 billion by 2026 (forecast year) from USD 26.6 billion in 2021 (estimated year), at a CAGR of 5.8% during the forecast period.

The global generator sales market is projected to reach USD 26.5 billion by 2026 from an estimated USD 19.9 billion in 2021, at a CAGR of 5.9% during the forecast period. The report titled, "Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous), Power Rating (5000 KVA), Sales Channel (Direct, Indirect), End User, Region - Global Forecast to 2026" is expected to grow from an estimated USD 19.9 billion in 2021 to USD 26.5 billion by 2026, at a CAGR of 5.9% during the forecast period.

According to the new market research report "Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (Up to 50 kW, 51-280 kW, 281-500 kW, 501-2000 kW, 2001-3500 kW, Above 3500 kW), Application (Standby, Continuous), End User, Design, Sales Channel, Region - Global Forecast to 2027" The generator sales market is expected to grow from an estimated USD 21.6 billion in 2022 to USD 28.6 billion in 2027, at a CAGR of 5.8% during the forecast period. Generators are machines that convert mechanical energy into electrical energy. They play a major role in bridging the gap between power demand and supply. Internal combustion engines produce mechanical energy, which can be converted into electrical energy through generators. The generators considered in this study are compact packages that consist of an internal combustion engine, alternators, and other accessories, such as transfer switches, integrated power systems, paralleling systems, and remote monitoring systems. The rapid expansion of the industrial sector along with Surging demand for uninterrupted & reliable power supply to drive demand for backup power generation is expected to drive the demand for global Generator Sales.

The global Electric Traction Motor market is expected to grow at a CAGR of 20.9%, from 2020 to 2025, to reach USD 36.6 billion by 2025 from an estimated market size of USD 14.2 billion in 2020. A traction motor is an electric motor used for propulsion in various applications, particularly in electric and diesel-electric locomotive applications, such as electrically powered rail vehicles, electric vehicles, trolleybuses, hybrid buses, and mining trucks. Electric traction motors are associated with a wide range of advantages, including high starting torque, lower maintenance costs compared to steam traction motors, low-noise designs, and effortless speed control. This further results in increased demand for high-performance motors and are likely to drive the electric traction motor market during the forecast period.