Global Diesel Genset Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Diesel Genset Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global diesel genset market report has been segmented on the basis of product, power, end user, and region.

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Global Diesel Genset Market: Overview

Diesel genset is a combination of an electric generator and diesel engine used to generate electrical energy. Diesel generators are available in various power generating capacity such as low power (0-350 kVA), medium power (350-1000 kVA) and high power (above 1000 kVA).

Global Diesel Genset Market: Dynamics

Rising demand for diesel genset in the industrial sector and aging power infrastructure are major factors which is expected to drive growth of the global market over the forecast period.

The benefit of diesel generators such as better fuel efficiency and low cost is also anticipated to increase the adoption of diesel genset in various industries and drives growth of the market in the next 10 years.

However, the government efforts towards lowering the greenhouse gas emissions and rising petroleum prices are some of the major factors which may hinder growth of the global market over the forecast period. Increasing awareness and adoption of eco-friendly power generators may also hamper demand for diesel genset and restrain growth of the global diesel genset market to a certain extent.

Global Diesel Genset Market: Segment Analysis

Among the product, the high power generators segment is contributing the highest share in the global diesel genset market and expected to maintain its dominance over the forecast period, owing to increasing adoption high power generator in the commercial sector and industrial sector.

Among the end users, the residential segment is expected to account for the highest growth in the global diesel generator market, owing to diesel generator provides various benefits such as automatically start and restore the power, provides 24*7 service, low vibration, and noise level, and lowest operating cost.

Global Diesel Genset Market: Region Analysis

North America has accounted for the highest revenue share in the global market owing to increasing adoption of diesel generator due to benefits automation in operation, and lower cost in countries in the region. Europe is also contributing to the second highest share in the global target market.

The market in the Asia Pacific is expected to register a lucrative growth in terms of revenue in the global market over the forecast period, owing to increasing adoption to cater rising power consumption in the industrial sector in developing countries such as India and China in the region.

Global Diesel Genset Market Segmentation:

Segmentation by Product:

Low Power Generators
Medium Power Generators
High Power Generators

Segmentation by Power:

Low Power (0-350 kVA)
Medium Power (350-1000 kVA)
High Power (above 1000 kVA)

Segmentation by End User:

Residential
Commercial
Industrial