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The > 50 kVA - 125 kVA rated generator sets market will exceed USD 9.5 billion by 2032. These units are primarily deployed across residential, telecom, and small-scale commercial facilities. The escalation of natural disasters coupled with deteriorating grid infrastructure will increasingly cause power outages, creating opportunities for business expansion. A shift in paradigm toward embracing cost-effective and efficient power solutions will drive growth in the industry, supported by their economic feasibility and operational adaptability.
The diesel gensets market will witness an appreciable growth of over 7% through 2032. These units are predominantly utilized to provide standby or mobile power on account of their adaptable, scalable, and weather-resistant operation. The growing demand from industries including oil & gas, mining, telecom, and construction will drive the adoption of these systems. Moreover, the rise in government initiatives aimed at enhancing electrification rates coupled with the increasing need for electricity in remote areas, will contribute to a favorable industry outlook.
China generator sets market will surpass USD 16 billion by 2032. The robust expansion of data centers along with continual upgrades in the IT sector will the invigorate business dynamics. Growing emphasis on digitalization in line with the rising frequency of power outages will additionally fuel business opportunities. Heightened demand for dependable and uninterrupted power supply in educational institutions and government facilities will drive the deployment of these systems.