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Europe Diesel Gensets Market Size
The Europe diesel gensets market was valued at USD 4 billion in 2024 and is estimated to grow at a CAGR of 6.6% from 2025 to 2034. Significant investments in the real estate sector along with a thriving residential market are set to drive the business growth. For instance, Europe allocated over USD 350 billion to commercial real estate development in 2023. The frequency and intensity of natural disasters lead to extended power outages particularly in which in turn will fuel the growth of the industry.
Diesel gensets are power generation systems that combine a diesel engine with an electrical generator to produce electricity. They are essential in areas lacking a reliable power grid or during power outages, serving as backup power sources. These gensets are commonly used in critical applications where a consistent power supply is essential including hospitals, data centers, manufacturing facilities, construction sites and as backup power sources for homes and businesses.
Why is the ≤ 50 kVA diesel gensets market growing?
The ≤ 50 kVA diesel gensets market is expected to surpass USD 1.2 billion by 2034, fueled by rising consumer preference for compact and affordable power solutions, along with increasing electricity failures and demand for uninterrupted power.
How big is the Europe diesel gensets market?
The Europe diesel gensets market was valued at USD 4 billion in 2024 and is projected to grow at a 6.6% CAGR from 2025 to 2034, driven by significant investments in the real estate sector and a thriving residential market.
What is the growth outlook for the prime power diesel gensets market?
The prime power diesel gensets market is anticipated to grow at a CAGR of over 6% through 2034, supported by rapid industrialization, manufacturing facility expansion, and the need for reliable power in areas with unstable grid access.
Who are the major players in the Europe diesel gensets market?
Key players in the Europe diesel gensets market include Ashok Leyland, Atlas Copco AB, Caterpillar, Cummins, FG Wilson, Generac Power Systems, HIMOINSA, J C Bamford Excavators, Rehlko, MAN Energy Solutions, Mikano International, Mitsubishi Heavy Industries, Mitsui E&S Holdings, Prakash, Rolls-Royce, Siemens, Wärtsilä, and Yamaha Motor.
What trends are influencing the Germany diesel gensets market growth?
The Germany diesel gensets market is set to exceed USD 1 billion by 2034, led by concerns over power reliability in residential applications and the growing demand for dependable backup power in data centers.