Global Diesel Genset Market | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT: Market Forecast By KVA, By Application, By Regions, And Competitive Landscape

The Global Diesel Genset Market is anticipated to witness significant growth during the forecast period owing to regional government initiatives to expand commercial space and rapid industrialization is further contributing to the market development. The outbreak of COVID-19 pandemic had a negative impact Global Diesel Genset Market since COVID-19 mitigation measures resulted in a sector-wide halt in economic activity, as well as limitations on the infrastructure activities. The demand for power has declined significantly due to closure of manufacturing facilities across the globe. Lockdown across the globe impacted industrial operations which weakened the potential for diesel gensets installations. The impact on initiation of new end-user projects owing to inaccessibility of required capital negatively impacted the incorporation of new systems globally.

According to the publisher, the Global Diesel Genset Market revenue is projected to grow at a CAGR of 2.9% during 2023-2029. The Global Diesel Genset Market is forecast to grow at tremendous rate on the back of growing industrial sector across the world especially in Asia-Pacific and Middle-East & Africa regions as diesel gensets could be used as a primary power source in industrial settings where access to the grid is limited or unavailable such as manufacturing facilities, oil & gas production and processing plants, data centers, mines, and Military bases. The Global Diesel Genset Industry Analysis further indicates that growing construction sector is the key driver of economic growth and development, as it includes the construction of buildings, infrastructure, and other structures. The demand for diesel gensets from construction sector is anticipated to rise in future on the back of population growth, urbanization, and economic development across the world. However, some of the factors impeding the growth of the diesel genset market across the globe are increasing concerns regarding rising pollution levels, as well as government measures to minimize GHG emissions and resolve environmental issues such as UAE’s goal is to increase clean energy.

Market by Applications

By applications, the commercial sector accounted for the major chunk of global diesel genset market revenues, as diesel gensets are commonly used in commercial applications as a source of backup or standby power, such as in office buildings, retail stores, hotels, hospitals, apartments, and restaurants.

Market by kVA Ratings

By kVA ratings, 375- 750 kVA ratings segment accounted for the highest revenues in the global genset market as diesel gensets with these ratings are widely used in heavy industrial and commercial applications, such as manufacturing plants and large-scale construction projects. These generator sets are typically more expensive than smaller ones due to their size and capacity, which could contribute to higher revenues in this segment of the market.

Market by Regions

By Regions, the Asia-Pacific and Middle-East & Africa Regions are dominating the market as the industrial sector is growing in these regions and diesel gensets are primary source of power in industrial settings.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Global Diesel Genset Market Overview
• Global Diesel Genset Market Outlook
• Global Diesel Genset Market Forecast
• Historical Data and Forecast of Global Diesel Genset Market Revenues and Volume for the Period 2019-2029F
• Historical Data and Forecast of Global Diesel Genset Market Revenues and Volume, By kVA Ratings for the Period 2019-2029F
• Historical Data and Forecast of Global Diesel Genset Market Revenues, By Applications for the Period 2019-2029F
• Historical Data and Forecast of Global Diesel Genset Market Revenues, By Countries for the Period 2019-2029F
• Market Drivers and Restraints
• Market Trends
• Industry Life Cycle
• Global Diesel Genset Market - Porter’s Five Forces
• Market Opportunity Assessment
• Company Revenue Ranking/Shares
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By kVA Ratings

• 5-30 kVA
• 30.1-75 kVA
• 75.1-375 kVA
• 375.1-750 kVA
• 750.1-1000 kVA
• Above 1000 kVA

By Applications

• Residential
• Commercial
• Industrial
• Transportation and Infrastructure

By Regions

• Europe
• Asia-Pacific
• North America
• Middle-East & Africa