Diesel Genset Market Analysis

The market in the region is segmented by countries into China, India, Japan, Malaysia, South Korea, Australia, and the Rest of Asia Pacific. Out of the market in these countries, the market in China is expected to garner the largest market revenue of USD 6216.09 Million by the end of 2030, up from USD 2614.31 Million in the year 2020. The market in the country is also expected to grow with the highest CAGR of 9.05% during the forecast period. The diesel genset market in North America is expected to hold the second highest market share and further grow with a CAGR of 5.04% during the forecast period. Increasing demand for standby generators in North America, and the increasing investments in the construction industry, are some of the major factors expected to contribute to the market growth in the region.

On the other hand, surge in demand for uninterrupted power supply amongst the end-use industries, is one of the major factors attributed to the rising demand for gensets in Europe. The market in the region is further expected to garner a revenue of USD 4956.2 Million by the end of 2030.

Our in-depth analysis of the global market includes the following segments: