Global Diesel Generator Market Analysis 2020




The global diesel generator market is anticipated of grow at a CAGR of 3.8% during 2020-25 due to the mushrooming industrialization and development of oil and gas industry it the emerging countries along with the continuous demand for power supply from the residential and commercial area and surging construction activity which would require the installation of diesel generator. For instance, India’s “Housing for All by 2022” project is projected to boost the construction activity in the country.
Besides this, it is widely used across different industry such as manufacturing industry, hotel industry, hospitals, etc., to supply power during the power cut or during any natural calamity. Therefore, it is projected to boost the demand for a diesel generator in the forecasted period. For instance, Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), delivered two MGS (Mitsubishi Generator Series) diesel generator sets for backup emergency use at Intercontinental Shanghai Wonderland hotel in the Songjiang District of Shanghai in 2019.

The Asia-Pacific market is projected to grab the highest market share in the global diesel generator market over the new few years on account of the elevated use of diesel generator due to the chronic power outages and need for continuous power in the commercial and industrial sectors along with the expansion of manufacturing facilities across the nation, and rising commercial office spaces. Apart from this, the exponential rise in the production activity in China, expansion in the mining industry coupled with ‘Made in China’ initiative launched by the Chinese central government are strongly contributing towards the market growth of diesel generator in the forthcoming years.

Based on the type, the standby segment captured the substantial market share in the global diesel generator market on account of perennial demand for power supply from mining and oil & gas industries. Moreover, the growth in the construction activity in the emerging economies is projected to fuel the market in the near future.


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