PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1473808
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1473808
Commercial Diesel Gensets Market size is predicted to observe more than 8% CAGR from 2024 to 2032, driven by the increasing demand for reliable and uninterrupted power supply in various industries, such as construction, healthcare, manufacturing, and telecommunications. Commercial diesel gensets serve as backup power solutions during grid outages and in remote locations where access to electricity is limited. Moreover, the expanding construction sector, particularly in emerging economies will significantly contribute to the market growth.
Additionally, stringent regulations aimed at reducing emissions and improving air quality have led to advancements in diesel genset technology, making them more fuel-efficient and eco- friendly. The implementation of emission norms like Tier 4 in several regions has also spurred the demand for cleaner diesel gensets with lower emissions. For example, in September 2023, Kirloskar Oil Engines (KOEL) introduced CPCB IV+ compliant gensets to provide high-performance, fuel-efficient, and environmentally responsible solutions. These gensets met the latest emission norms set by the Central Pollution Control Board.
The commercial diesel gensets industry is classified based on power rating, end-use, application and region.
In terms of end-use, the market size from the telecom segment will record a notable growth rate between 2024 and 2032 owing to the critical reliance on uninterrupted power supply. Cell towers and data centers deployed in modern communication networks constantly require consistent power to maintain operations. In regions with unreliable grid infrastructure or frequent power outages, diesel gensets serve as vital backup power solutions for ensuring seamless connectivity and uninterrupted communication services.
By application, the commercial diesel gensets industry from the peak shaving segment is set to grow significantly over the forecast period. The growth is due to the challenges of peak demand periods in electricity consumption. As industries and commercial facilities face peak demand charges and strains on the grid during times of high energy usage, diesel gensets offer an effective solution for reducing peak demand and associated costs. The rising application of diesel gensets for peak shaving not only optimizes energy costs but also enhances grid stability and reliability.
North America commercial diesel gensets industry size is anticipated to grow at an impressive pace through 2032 influenced by the presence of robust industrial sector and stringent regulatory standards for backup power solutions. The increasing adoption of diesel gensets for emergency preparedness in the face of natural disasters like hurricanes and wildfires is further stimulating the regional industry growth.