Press release
Global Diesel Genset Market Size, Share, Leading Players, Growth, Development and Demand Forecast to 2032
The Global Diesel Genset Market size was valued at USD 18.74 billion in 2021 and is projected to progress at a compound annual growth rate (CAGR) of 8.5% during the forecast period.Diesel generators are utilised as a backup source of electricity generation, particularly during power outages. It is powered by a diesel engine and an electric generator. Diesel generators are used in areas where there is no power grid connection, as an emergency power supply if the grid fails, and for more complex applications such as peak-lopping, grid support, and export to the power grid.
Factors such as rising demand for energy among corporate organisations, fueled by urbanisation and industrialization, as well as the growing requirement for reliable power sources, are expected to drive market growth. Furthermore, factors such as increased worry about the rising number of power outages worldwide are likely to boost market expansion in the approaching years. The market generated close to USD 16200 million in sales in 2020, and it is expected to exceed USD 30400 million by the end of 2030.
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Customer behavioural analysis and tracking are used by Diesel Genset to enhance business operations. The deployment paradigm also makes it possible to implement analytics solutions at a lower cost than on premise deployment. Business intelligence (BI) tools are used by executives, data analysts, team leaders, managers, and professionals to gather, analyze, visualize, and report on various company activities and apply the findings to their particular industries.
Major Prominent Players of Diesel Genset Market:
• AKSA power generation company
• Atlas Copco AB
• Caterpillar
• Cummins Inc.
• Doosan Portable Power
• Generac Power System Inc.
• Honda India Power Products Ltd.
• Kohler Co.
• Rolls-Royce plc
• Wartsila Corporation
Global Diesel Genset Market: By Types
• Low Power Genset
• Medium Power Genset
• High Power Genset
•
Global Diesel Genset Market: By Applications
• Industrial
• Commercial
• Residential
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Global Diesel Genset Market: Regional Analysis
The countries covered in the regional analysis of the Global Diesel Genset market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Reasons to Purchase this Report:
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
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