Asia Pacific Diesel Gensets Market Size – By Power Rating, By End Use (Residential, Commercial, Industrial), By Application (Standby, Peak Shaving, Prime/Continuous), By Country Outlook & Forecast, 2024 – 2032

Asia Pacific Diesel Gensets Market Size

Asia Pacific Diesel Gensets Market was valued at USD 18.6 billion in 2023 and is estimated to grow at a rate of 7.3% by 2032. The rising frequency of power outages along with infrastructural development will require dependable power source, driving the demand for these gensets. The surge in frequency of weather-related disasters has significantly increased the need for these generators across various industries.
 

A diesel gensets is a combination of a diesel engine and an electric generator designed to generate electrical energy. These devices are used to provide backup power in the event of grid failure and in areas without access to a reliable electricity supply. They convert the chemical energy stored in diesel fuel into mechanical energy through combustion, which is then converted into electrical energy by the generator. Diesel generators are commonly used in various applications, including industrial, commercial, residential, and agricultural settings, their reliability, durability, and ability to provide continuous power for extended periods.
 

Asia Pacific Diesel Gensets Market Trends

The introduction of strict emission norms and standards along with rising focus toward sustainability will lead to new innovations in the generator sets market. The business landscape is set to witness an increase leading to the robust industrial growth and the refurbishment of existing grid networks combined with increased investment in the development of urban & rural areas. Extensive investments by the public and private players across the construction industry, improved business, and a favorable economic environment with low-interest rates will stimulate the business opportunities in the sector.
 

Asia Pacific Diesel Gensets Market Analysis

The standby diesel generator industry will cross over USD 14 billion by 2032. The growing cloud computing industry along with surge in digital transformation will foster the demand for these gensets in data centers. The rising severity of weather-related outages and the increasing strain on utility power supplies coupled with growing consumer awareness of backup power solutions will lead to a broader adoption of these gensets among various end users. The persistent demand to increase generation capacities to meet the growing needs of the commercial sector has further reinforced the utilization of these products.
 

The industrial diesel generator market size will showcase about 7% CAGR through 2032. Rising manufacturing activities and the establishment of new industrial plants will contribute to the growing demand for these generators in industrial application. The availability of fuel along with low maintenance costs make these generators more cost-effective and efficient solutions for power generation, particularly in nations with high electricity costs or unstable grid supplies.
 

The China diesel generator market is set to surpass USD 12 billion by 2032. The ongoing refurbishment and upgrade of outdated electrical infrastructure across the country will increase the installation of these generators to improve power reliability and efficiency. The integration of generators with solar and wind renewable energy sources, will help stabilize power supply and manage intermittent energy production, driving their adoption in hybrid systems. Additionally, the rising adoption of gensets in the healthcare, construction, and telecom sectors is boosting the product demand.
 

The Japan diesel gensets market is experiencing several notable trends reflecting the evolving needs and technological advancements within the industry. This shift is driven by government commitment to reducing carbon emissions and promoting renewable energy which will further foster the industry dynamic. Moreover, the demand for compact and portable gensets is rising particularly in urban areas and construction sites, where space and mobility are key considerations, accelerating the business potential.
 

Asia Pacific Diesel Gensets Market Share

Caterpillar is one of the leaders in the manufacturing of diesel/ natural gas engines, industrial gas turbines, construction systems, mining equipment, and diesel-electric locomotives, is renowned for its reliable and high-performance diesel gensets. The company’s systems are engineered for durability, efficiency, and adaptability across various power needs, ranging from standby and prime power to continuous power applications. With a reputation for robust design and cutting-edge technology, these gensets offer superior fuel efficiency, reduced emissions, and dependable performance in challenging environments. Its extensive global support network ensures comprehensive service and maintenance, making their gensets a preferred choice in industries requiring reliable, long-lasting power solutions.
 

Asia Pacific Diesel Gensets Market Companies

The key industry players include:

• Aggreko
• Ashok Leyland
• Atlas Copco AB
• Caterpillar
• Cummins, Inc.
• Generac Power Systems, Inc.
• HIMOINSA
• J C Bamford Excavators Ltd.
• Kirloskar
• Kohler Co.
• Mahindra POWEROL
• Mitsubishi Heavy Industries, Ltd.
• Powerica Limited
• Rolls-Royce plc
• Shenzhen Genor Power Equipment Co., Ltd.
• Siemens
• Sudhir Power Ltd.
• Supernova Genset
• Wärtsilä
• Yamaha Motor Co., Ltd.
   

Asia Pacific Diesel Gensets Industry News

• In April 2024, Wärtsilä opened its relocated Expertise Centre in India, to provide remote support to its Middle East & Asia energy and marine customers. This Expertise Centre will serve as a central operational hub, integrating all available data sources to enhance service capabilities. The company leverages cutting-edge technology to optimize asset efficiency and customer experience. It operates 10 Expertise Centres with a cumulative engine capacity of nearly 35 GW, aiming for near 100% reliability in supporting land-based power plants and marine vessels.
   
• In March 2024, Cummins India in partnership with Sudhir Power successfully wrapped up a mega roadshow in India, showcasing the advanced capabilities of CPCB IV+ compliant gensets. The event demonstrated the innovative features and reliability of Cummins-powered gensets to customers throughout the region. This strategic move will enhance the company’s position across the Asian region.
   

This Asia Pacific diesel gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Power Rating

• ≤ 50 kVA
• > 50 kVA - 125 kVA
• > 125 kVA - 200 kVA
• > 200 kVA - 330 kVA
• > 330 kVA - 750 kVA
• > 750 kVA

Market, By End Use

• Residential
• Commercial
• Industrial

 Market, By Application

• Standby
• Peak Shaving
• Prime/Continuous

The above information has been provided for the following countries:

• China
• Australia
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Philippines