Market Size of China Diesel Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.25 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Diesel Generators Market Analysis
The China diesel generator market is expected to grow at a CAGR of more than 5.25% over the period of 2020-2025. The growing demand for uninterrupted and reliable power supply and increasing growth in several industries including the healthcare industry are some of the driving factors for the diesel generator market. On the flip side, the increasing availability of natural gas and the rapidly expanding natural gas generator technology, increasing deployment of renewables as an alternative power source, and advancement in battery technologies are the restraining factors for the market studied.
- The industrial sector has accounted for the largest share of the revenue from the sale of diesel generators in 2019 owing to the increasing demand for continuous and reliable power supply from the industrial sector.
- The advancement in hybrid power solutions that combine renewable energy sources like solar PV and diesel generators is expected to create a significant amount of opportunities for the players involved in the market in the near future.
- Below 75 kVA segment is expected to dominate the market during the forecast period due to increasing usage in upcoming commercial projects in the country.
