Diesel Power Engine Market Size to Hit $25.2 billion by 2029 In The Latest Research - 0 views
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Almira Coyne on 20 Jun 24The global diesel power engine market is estimated at USD 20.1 billion in 2024, with a projected growth to USD 25.2 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5%. According to a research report "Diesel Power Engine Market by Operation (Standby, Prime, Peak Shaving), Power Rating (Below 0.5 MW, 0.5-1 MW, 1-2 MW, 2-5 MW, and Above 5 MW), End User (Power Utilities, Industrial, Commercial, and Residential), Speed, & Region - Global Forecast to 2029", the market size for diesel power engine is projected to reach approximately USD 25.2 billion by the year 2029, as compared to the estimated value of USD 20.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period. The global diesel power engine market is driven by a confluence of factors that influence demand and shape its future trajectory.