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Diesel Genset Market Trends

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Report ID: 3539
Published Date: Aug 26, 2024
Report Format: PDF, PPT

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Diesel Genset Market Trends

Growth Drivers

Rising Demand for Emergency and Stationary Power Backup in the Industrial Sector
Growing Power Outages

Challenges

Growing Environmental Concerns for Diesel-run Generator Sets

Diesel Genset Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	6.4%
Base Year Market Size (2023)	USD 17.33 billion
Forecast Year Market Size (2036)	USD 38.82 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Diesel Genset Market Size & Share, Growth Forecast 2036

Author Credits: Dhruv Bhatia

Report ID: 3539
Published Date: Aug 26, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of diesel genset is assessed at USD 18.22 billion.

Diesel Genset Market size was over USD 17.33 billion in 2023 and is projected to exceed USD 38.82 billion by 2036, growing at over 6.4% CAGR during the forecast period i.e., between 2024-2036. The rising demand for emergency and stationary power backup in the industrial sector and the growing power outages will impel the market growth.

Asia Pacific industry is anticipated to garner the largest revenue share of 41% by 2036, attributed to increasing urbanization and surge in the number of businesses.

The major players in the market are Cummins, Inc., Caterpillar Inc., Generac Power Systems, Inc., Mitsubishi Heavy Industries, Ltd., Rolls-Royce Power Systems AG, and others.

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