In the markets served by the Power Systems segment, the company competes with a variety of independent engine manufacturers and generator set assemblers as well as OEMs who manufacture engines for their own products around the world.  **[0000026172-25-000007_cmi-20241231.htm:10]** 

Caterpillar Inc

Generac Holdings Inc

In the markets served by the Accelera segment, the company competes with battery and emerging fuel cell companies, powertrain component manufacturers, vertically integrated OEMs and entities providing hydrogen production solutions.  **[0000026172-25-000007_cmi-20241231.htm:10]** 

Paccar Inc

Dana Inc

Borgwarner Inc

Plug Power Inc

The Components segment competes with other manufacturers of aftertreatment systems, turbochargers, fuel systems, drivetrain systems and transmissions.  **[0000026172-25-000007_cmi-20241231.htm:8]** 

Parker-Hannifin Corp

Garrett Motion Inc

Denso Corp

Allison Transmission Holdings Inc

Truck OEMs may also elect to produce their own engines, and the company must provide competitive products to win and keep their business.  **[0000026172-25-000007_cmi-20241231.htm:6]** 

Jonathan Wood

Also at Cummins Inc

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