Precision Business Insights has published a report on the global diesel genset market, estimating its value at USD 17,355 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/diesel-genset-market
The market for diesel-powered generator sets, which are utilized for prime, backup, or continuous power generation in a variety of industries, is known as the Diesel Genset Market. Because of their dependability and effectiveness in supplying energy during blackouts or in locations with restricted grid access, these gensets are extensively used in commercial, residential, industrial, and infrastructural applications.
Drivers:
- Growing Power Demand – Rapid urbanization, industrial expansion, and rural electrification are increasing the need for reliable backup power solutions.
- Technological Advancements – Improvements in diesel engine efficiency, fuel consumption, and emissions reduction are making gensets more attractive.
The global diesel genset market segmentation:
1) By Application: Standby Power, Peak Shaving, and Prime or Continuous Power
2) By Power Rating: 0-100 kVA, 100-350 kVA, 350-1000 kVA, and 1000 kVA
3) By End-User: Industrial (Utilities/Power Generation, Oil & Gas, Others
4) By Commercial: IT & Telecom, Healthcare, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the diesel genset market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the diesel genset market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like 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.
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