Global Diesel Genset Market Analysis and Forecast 2019-2030

The global diesel genset market is expected to grow at a moderate CAGR of around 5.5% during the forecast period 2023-2030 and was valued at around US$ 16.2 billion in 2023. The global diesel genset market growth is attributed to factors such as the increasing demand for reliable backup power, stringent environmental regulations, and the rapid growth of developing economies. The need for reliable and continuous power supply, especially in regions with intermittent power availability or during emergencies, drives the demand for diesel gensets.

Moreover, diesel gensets are a reliable source of backup power for a wide range of applications, including data centers, hospitals, manufacturing facilities, and commercial buildings. The increasing demand for reliable backup power is being driven by the growing reliance on technology and the increasing frequency of power outages.

The rapid growth of developing economies is also driving the demand for diesel gensets in these regions. Developing economies are investing heavily in infrastructure development, which is increasing the demand for reliable and affordable power.

Asia Pacific is dominating the global diesel genset market due to rapid industrialization, urbanization, and growing demand for reliable backup power

The Asia Pacific region is dominating the global diesel genset market and is expected to continue to do so in the coming years. The diesel genset market growth in this region is attributed to factors such as rapid industrialization, urbanization, and a growing demand for reliable backup power. The manufacturing sector is the largest consumer of diesel gensets in the Asia Pacific region. The rapid growth of this sector is driving the demand for diesel gensets to provide reliable backup power.

North America, including the US and Canada, is a significant market for diesel gensets. The region has a mature market with a focus on standby power for commercial and industrial applications. The need for backup power in critical facilities, such as data centers and hospitals, has contributed to the demand for diesel gensets.

Governments in Europe are implementing increasingly stringent environmental regulations to reduce air pollution. This is leading to a growing demand for cleaner and more efficient diesel gensets. Diesel gensets are a reliable source of backup power for a wide range of applications, including data centers, hospitals, manufacturing facilities, and commercial buildings. The increasing demand for reliable backup power in Europe is being driven by the growing reliance on technology and the increasing frequency of power outages.

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Report Includes

• A comprehensive overview and up-to-date analysis of the Global Diesel Genset market
• Analyses of the Global market trends, with historic market revenue data for 2019 to 2022, estimates for 2023, forecasts for 2024 until 2030, and projections of compound annual growth rates (CAGRs) through 2030
• Estimation of the market size for the Diesel Genset market in terms of US$ million values, and their corresponding market share analysis by key segments
• Estimation of the market size for the Diesel Genset market in thousand units, and their corresponding market share analysis by key segments
• Thorough insights (facts and figures) concerning the major factors influencing the progress of the market, benefits, and industry-specific obstacles with respect to specific growth trends, upcoming technologies, prospects, and contributions to the overall market
• Overview of the patents issued on home applications as well as the technological trends and new developments in the Global market over a brief period
• Identification of the leading industry players and examination of the company’s competitive landscape through a detailed evaluation of recent developments, solution offerings, financial performance, patent portfolios, and segmental revenues
• Comprehensive company profiles outlining critical information about the key players in the Diesel Genset market.
• The report also includes a concise discussion of technological, regulatory, and competitive elements and economic trends that impact the Global Diesel Genset market. It also explains the major drivers and regional dynamics of the Global Diesel Genset market and current trends within the industry. The report concludes with detailed profiles of the major vendors in the Global market.

Report Synopsis

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, Diesel Genset Association, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.

Why Buy this Report?

The report is intended for Diesel Genset manufacturers, leading brands and suppliers, companies operating in the end use industry, value chain stakeholders, end users, consumers by region, government organizations, educational organizations, regulatory agencies, consulting companies, research organizations, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.