GITNUX MARKETDATA REPORT 2024
Diesel Genset Industry Statistics
The diesel genset industry is expected to continue growing due to increasing demand for reliable backup power solutions in various sectors.
In this post, we explore key statistics and projections shaping the global diesel genset industry. From valuations and market shares to regional insights and top players, these data points offer a comprehensive overview of the industry landscape. Join us as we delve into the driving forces and growth trends influencing the diesel genset market.
Statistic 1
"The global diesel genset industry was valued at USD 12.06 billion in 2020."
Statistic 2
"The industry is projected to expand at a CAGR of 3.0% over the forecast period to 2030."
Statistic 3
"Low power gensets dominated over 50% of the global revenue share in 2020."
Statistic 4
"North America accounted for the second-largest market share in 2020."
Statistic 5
"The Asia Pacific region is anticipated to witness the fastest growth over the projected period."
Statistic 6
"Caterpillar Inc, Cummins Inc, and Generac Holdings are the top players in the diesel genset industry."
Statistic 7
"High power gensets are expected to expand at the highest CAGR of 3.6% from 2021 to 2028."
Statistic 8
"The global diesel gensets market size is expected to reach USD 21.2 billion by 2022."
Statistic 9
"The industrial segment of the diesel genset market is expected to hold the largest share during the forecast period."
Statistic 10
"Africa is expected to be the fastest-growing market for diesel gensets during the forecast period."
Statistic 11
"The Stationary diesel gensets market share was over USD 10 billion in 2020."
Statistic 12
"The commercial application of diesel gensets is anticipated to exceed a valuation of $3 billion by 2030."
Statistic 13
"The construction application is forecasted to historic growth rate of more than 2% through 2030."
Statistic 14
"The U.S. stationary diesel gensets market is forecasted to achieve around 3% CAGR between 2022 and 2030."
Statistic 15
"The South-East Asia diesel genset market to reach USD 1.57 billion by 2023."
Statistic 16
"The adoption of diesel gensets in commercial offices stood at around 39% in 2017."
Statistic 17
"Indonesia dominates the demand for diesel genset in the South-East Asia region."
Statistic 18
"High focus on rural electrification drives the diesel genset market in India."
Statistic 19
"The demand for hybrid generators is increasing in the diesel genset industry."
Statistic 20
"The market for 750 kVA-1,000 kVA rated diesel gensets is expected to showcase the highest CAGR during the forecast period in India."
Jannik Lindner
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