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The global Diesel Genset marketis expected to register
a CAGR of ~6.1% from 2023 to 2030 and hold a value of
over USD 31,581.01 Million by 2030.
A diesel genset is a type
of generator that uses a diesel engine to generate electricity. The engine
drives an alternator that produces electrical power, which can be used as a
backup power source in case of a power outage or off-grid applications.
The COVID-19 pandemic has
had a significant impact on the diesel genset market, with both positive and
negative effects.
On
the one hand, the lockdowns and restrictions on movement have led to a decrease
in demand for diesel gensets, as there has been a decrease in construction and
industrial activities.
On
the other hand, there has been an increased demand for diesel gensets as backup
power sources in residential and commercial buildings, as the pandemic has led
to an increased need for reliable electricity supply in case of power outages.
Additionally, the healthcare sector has seen an increase in demand for diesel
gensets, as they are used to power medical equipment and facilities.
Key Players
·
Cummins Inc. (US)
·
Aggreko Ltd (UK)
·
SDMO (France)
·
PRAMAC (Italy)
·
Generac Holdings Inc.
(US)
·
HIMOINSA (Spain)
·
Caterpillar (US)
·
Atlas Copco (Sweden)
·
Doosan Corp (South Korea)
·
AB Volvo (Sweden)
Regional Analysis
The
Asia-Pacific region is expected to be the fastest-growing market for diesel
gensets, due to factors such as the large population, rapidly growing
economies, and increasing demand for reliable power supply in countries such as
China, India, and Japan. Additionally, supportive government policies and initiatives,
as well as the presence of major market players, are contributing to the growth
of the diesel genset market in the Asia-Pacific region. The region's increasing
investment in infrastructure development and industrialization is also driving
the growth of the diesel genset market.
Market Segmentation
The
Global Emergency
power systems market Size has been segmented into probability, application,
and power rating.
Based
on the probability, the market has been segmented into Stationary and Portable.
Based
on the power rating, the market has been segmented into Up to 100 kVA, 100
kVA-350 kVA, 350 kVA-1,000 kVA, and Above 1,000 kVA.
Based
on the application, the market has been segmented into Standby, Peak Shaving,
and Continuous.
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