According to the latest study by Global Market Insights, diesel generators market is set surpass USD 20 billion by 2025.
Growing demand for continuous power on account of unreliable supply of electricity will drive the global diesel gensets market growth. These units find applications across multiple industries including pharmaceutical, manufacturing, healthcare, data centers and transportation and communication amongst others. In addition, significant investments across the mining, construction and oil & gas sector will further strengthen the product adoption over the forecast timeline.
The North America diesel gensets industry share is anticipated to witness growth over 4 per cent by 2025. Rising intensity of harsh weather across the region on account of climate change will positively enhance the product penetration. Furthermore, the increasing digitalisation has resulted in the expansion and development of existing and new data centers which will further drive the industry outlook.
Diesel generators (>750kVA) market is anticipated to witness growth of over 5 per cent by 2025. Quick start-up times and optimum reliability are some of the eminent features favouring the installation of these generator sets. Ongoing expansion of commercial businesses along with surging investments toward the data center business by prominent technology companies including Google, IBM, Amazon and Apple will enhance product adoption. The growing demand to effectively manage the high-volume data creation and intensifying data protection laws are some of the key underlying factors favouring the installation of these units.
Introduction of various government funded ventures on account of supporting the significant infrastructure expansion and industrialisation will enhance the product installation.
Europe diesel generators market is set to witness growth on account of rising infrastructural investments, increasing construction activities and low diesel prices. Rising concentration of SEZs and retail complexes will boost the product deployment as a source for backup power. Positive outlook toward investments across the industrial sector will further proliferate the business landscape. 375-750 kVA diesel generators market is expected to witness significant upsurge with growing penetration of manufacturing bases in developing nations. Industries are deploying DG sets for peak and standby applications to avoid any production losses and maintain economic balance in trade. The Middle East diesel generators market is set to witness gains with ongoing expansion of the regional industrial and commercial infrastructure. In addition, the surging tourism industry across the region has resulted in the high demand for the expansion and development of existing and new establishments owing to the rising demand for world class tourism infrastructure. This has provided the manufacturers with growth opportunities and enhance their market penetration.