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Diesel Gensets Market Trends

Report ID: GMI3114
Published Date: Jul 2024
Report Format: PDF

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Diesel Gensets Market Trends

The industry is set for significant growth on account of implementing strict emission standards and increasing emphasis on developing more sustainable solutions. Burgeoning expansion of data centers infrastructure including network hubs and cell towers coupled with surging innovation in fuel management systems and engine design will drive the business landscape. Robust industrial growth and refurbishment of existing grid network in association with rising investment toward development of urban & rural areas will positively sway the penetration of these units across emerging economies.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of diesel gensets was reached USD 33.4 billion in 2023 and is anticipated to grow at 7.4% CAGR through 2032, owing to the growing focus towards the adoption of highly efficient & reliable power source.

The standby segment in the diesel gensets market will observe 7% growth rate till 2032, driven by fuel efficiency, automatic transfer switches, and remote monitoring capabilities.

Asia Pacific diesel gensets market size is set to surpass USD 30 billion by 2032 attributed to the rapid industrialization, urbanization, and increasing demand for reliable power supply.

Aggreko, Ashok Leyland, Atlas Copco AB, Captiva Energy Solutions Private Limited, Caterpillar, Cooper Corp., Cummins, Inc., Deere & Company, FG Wilson, Generac Power Systems, Inc., Greaves Cotton Limited, HIMOINSA, J C Bamford Excavators Ltd., and Kirloskar among others.