Market Size of Europe Diesel Generator Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Diesel Generator Market Analysis
Over the next few years, the Europe Diesel Generator Market is expected to register a CAGR of more than 4%.
In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.
- Over the next few years, the market is expected to be driven by the need for diesel generators in standby applications. These generators are needed in many fields, including industrial, construction, medical, and off-grid applications.
- On the other hand, the growing use of renewables as an alternative power source, both on-grid and off-grid, is likely to slow market growth over the next few years.
- Nevertheless, with the increasing shift towards renewable energy sources, European consumers are looking for efficient and environmentally safe options such as hybrid diesel generators that incorporate renewable sources like solar. This, in turn, is expected to create a significant amount of opportunity for the players involved in the market in the near future.
- The United Kingdom is the market leader and is also expected to have the highest CAGR over the next five years. This growth is because there is more demand across the country, more commercial office space is being built, and there are more small-scale vendors.
