Diesel Power Engine Market Is Projected to Reach $7.9 Billion by 2025 at a CAGR of 4.6%... - 0 views
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Almira Coyne on 20 Jul 20the Diesel Power Engine Market is expected to reach USD 7.9 billion by 2025 from an estimated value of USD 6.3 billion in 2020, at a CAGR of 4.6%. In Asia Pacific, increasing electricity demand, and industrialization projects in the countries such as China, Japan, India, and South Korea are the main factors driving the growth of the Diesel Power Engine Market in the region. In North America, and Europe the demand for diesel power engines is in large part driven by the investments in datacenters, and other commercial facilities. The Diesel Power Engine Market includes major Tier I and II suppliers like Caterpillar, Cummins, Wartsila, Rolls Royce Holdings, and MAN SE. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, Middle East & Africa, and South America. COVID-19 has impacted their businesses as well.