Market Size of Diesel Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.37 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Diesel Generator Market Analysis
The Diesel Generator market size is expected to grow from USD 15.80 billion by the end of this year to USD 20.52 billion after five years, at a CAGR of 5.37% during the forecast period.
- Over the medium period, the increasing demand for uninterrupted and reliable power supply and increased demand from the commercial sector, including the healthcare industry, is expected to drive the diesel generator market.
- On the other hand, the growing demand for generators based on alternative fuels, such as natural gas and biofuels, is expected to restrain the diesel generator market growth.
- Nevertheless, the commercial and industrial sectors in emerging economies, the residential sector in developed economies, and the increasing need for power in defence operations are expected to create significant opportunities for market participants in the near future.
- Asia-Pacific is the fastest-growing market during the forecast period due to the rising energy demand, with a majority of the demand coming from countries such as China and India.
