Diesel Genset Market
Diesel Genset Market Global Industry Assessment & Forecast
#
Pages:
136
2021
Nov - 2021
VMR-2021-0790
Segments Covered
By
Product Emergency Diesel Gen Set, Non- Emergency Diesel Gen Set
-
By
Application Residential, Commercial, Industrial, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
17 Billion |
 Revenue 2028:
|
22 Billion |
 Revenue CAGR
(2021 - 2028): |
3.20% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Product Analysis: Preview On the basis of Product,
the market is segmented into Emergency Diesel Gen Set, Non- Emergency Diesel Gen Set. Emergency diesel set held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Emergency diesel set
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Diesel Genset
market growth. Application
Analysis: Preview
Based on Application,
the market is segmented into Residential, Commercial, Industrial, Other,. Industrial held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Diesel Genset in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Diesel Genset Market: Product Segment Analysis
-
- Emergency Diesel Gen Set
- Non- Emergency Diesel Gen Set
Global Diesel Genset Market: Application Segment Analysis
-
- Residential
- Commercial
- Industrial
- Other
FAQ
Frequently Asked Question
What is the global demand for Diesel Genset in terms of revenue?
-
The global Diesel Genset valued at 17 Billion in 2020 and is expected to reach 22 Billion in 2028 growing at a CAGR of 3.20%%.
Which are the prominent players in the market?
-
The prominent players in the market are Generac Holdings Inc., Himoinsa SL, GE Power, Caterpillar Inc., Briggs and Stratton Corporation, Aksa Power Generation, Mitsubishi Heavy Industries Ltd, Cummins Inc., Wartsila, Siemens AG, Kohler Power, Kohler Co..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.20%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Diesel Genset include
- Growing demand for uninterrupted & reliable power supply in creating a continuous power source is mainly propelling the market growth.
- The increasing number of power outages has mandated the need for effective power backup solutions, thereby spiking the market growth.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Diesel Genset in 2020.
