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Asia Pacific Diesel Gensets Market Trends

Report ID: GMI10916
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for diesel gensets was worth over USD 18.6 billion in 2023 and will expand at 7.3% CAGR through 2032, driven by increased power outages and infrastructure development necessitating reliable power sources.

APAC standby diesel generator market will exceed USD 14 billion by 2032, bolstered by the expanding cloud computing sector and the rise in digital transformation.

China diesel generator market will surpass USD 12 billion by 2032, catapulted by the efforts to refurbish and upgrade outdated electrical infrastructure, enhancing power reliability and efficiency.

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, and Yamaha Motor Co., Ltd.