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The expansion of data center infrastructure is set to have a positive impact on the industry outlook. The increasing importance of the Internet of Things, mobile technology, and cloud computing will fuel product penetration. The growing need for continuous communication and information sharing along with the rising costs of unplanned outages is significantly boosting the demand for these generator sets. Additionally, the rapid pace of industrialization and insufficient power supply have shifted the focus toward the widespread adoption of DG sets as either backup or primary power sources. Furthermore, large-scale government-backed infrastructure expansion plans in emerging economies will enhance business potential.
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.
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.
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.
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.
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.