Market Research Future Report has recently released expansive research titled Global Diesel Genset Market guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market.
Market Research Future Report analyses that the global Diesel Genset market, which was USD 16.65 billion in 2022, is expected to reach USD 27.55 billion by 2030, at a CAGR of 6.5% during the forecast period 2024 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Market Research Future Report team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
The COVID-19 pandemic has had a significant impact on the diesel genset market, with both positive and negative effects. On the one hand, the lockdowns and restrictions on movement have led to a decrease in demand for diesel gensets, as there has been a decrease in construction and industrial activities.
On the other hand, there has been an increased demand for diesel gensets as backup power sources in residential and commercial buildings, as the pandemic has led to an increased need for reliable electricity supply in case of power outages. Additionally, the healthcare sector has seen an increase in demand for diesel gensets, as they are used to power medical equipment and facilities.
Key Players
· Kirloskar Electric Company (India)
· Atlas Copco AB (Sweden)
· Mitsubishi Heavy Industries Ltd (Japan)
· Sutton Power Engineering (U.K.)
· Rolls-Royce plc (U.K.)
· General Electric (U.S.)
· Kohler Co. (U.S.)
· Denyo Co. Ltd (Japan)
· JS Power (U.K.)
· Generac Power Systems Inc. (U.S.)
· Ashok Leyland (India)
· Cummins Inc. (U.S.)
· Caterpillar (U.S.)
· Wärtsilä (Finland)
· Yanmar Co Ltd (Japan)
Regional Analysis
The Asia-Pacific region is expected to be the fastest-growing market for diesel gensets, due to factors such as the large population, rapidly growing economies, and increasing demand for reliable power supply in countries such as China, India, and Japan. Additionally, supportive government policies and initiatives, as well as the presence of major market players, are contributing to the growth of the diesel genset market in the Asia-Pacific region. The region's increasing investment in infrastructure development and industrialization is also driving the growth of the diesel genset market.
Market Segmentation
The Global Diesel Genset market Share has been segmented into probability, application, and power rating.
Based on the probability, the market has been segmented into Stationary and Portable.
Based on the power rating, the market has been segmented into Up to 100 kVA, 100 kVA-350 kVA, 350 kVA-1,000 kVA, and Above 1,000 kVA.
Based on the application, the market has been segmented into Standby, Peak Shaving, and Continuous.
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