Global Diesel Genset Market: Analysis By Unit Sales, By Installed Capacity (Mega Watts),By Power Rating (Below 20 kW, 20 – 220 kW, Above 220kW): Opportunities and Forecast 2017-2023)
Date: 29 January 2018
Globally, the market for diesel generator has been growing at a swift pace on the back of increasing demand for electricity across the globe, increasing number of blackouts due to natural calamities and overloading of power grids. Besides these factors, rising application in industrial and commercial sectors and inefficient electricity generation and transmission system is impelling growth in the market.
Application wise, Diesel Generator is leading the market on the heels of robust use in industrial and commercial sector. Additionally, rising demand for backup power in households is fuelling the rise in growth of the diesel generator. Amongst the regions, Asia Pacific accounts for the largest share in the global market in 2016. Developing countries like China and India with high industrial and infrastructural growth rates is backing the robust share of Asia Pacific. Moreover, poor electricity generation and transmission facilities in the Asia Pacific region is fueling the growth of diesel generator market.
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