PUBLISHER: Value Market Research | PRODUCT CODE: 1547571
PUBLISHER: Value Market Research | PRODUCT CODE: 1547571
The global demand for Diesel Genset Market is presumed to reach the market size of nearly USD 77.86 Billion by 2032 from USD 39.24 Billion in 2023 with a CAGR of 7.91% under the study period 2024-2032.
A diesel genset or generator is a mechanical device that converts chemical energy into electrical energy with the help of devices such as a diesel engine. A diesel genset can operate for many hours to many weeks or till the grid power is recovered. The efficiency of the diesel genset is between 30% and 50% and is the combination of diesel engine and alternator efficiencies. The key benefits of diesel genset include prolonged durability, economic nature than other generators, high efficiency, and quick start-up time. However, the use of diesel genset leads to environmental pollution requires high maintenance & operating cost.
The market is mainly driven by growing demand for diesel genset in the industrial sector, and aging power infrastructure are significant factors that are likely to drive the market during the forecast period. The advantages of diesel genset such as better fuel efficiency and low cost are also encouraged to adopt diesel genset in many industries and boost the demand in the upcoming years. The market is anticipated to witness substantial growth over the forecast period due to rising costs of power outages across several IT-enabled service firms and data centers and growing consumer awareness regarding the requirement of a reliable emergency power supply. Also, the market is driven by the rising vulnerability of grid power stations to disasters caused by changing weather conditions across the globe. However, the growing petroleum process and government initiatives towards lowering greenhouse gas emissions may restrict the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Diesel Genset. The growth and trends of Diesel Genset industry provide a holistic approach to this study.
This section of the Diesel Genset market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Diesel Genset market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Diesel Genset market include Yamaha Motor Co., Kirloskar, Sterling And Wilson, Powerica Limited, Kohler Co., Cummins, Mitsubishi Heavy Industries, Caterpillar, Mikano International. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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