Asia Pacific Diesel Generator Market Size & Outlook
Asia Pacific diesel generator market, 2019-2030 (US$M)
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Asia Pacific diesel generator market highlights
- The Asia Pacific diesel generator market generated a revenue of USD 4,377.2 million in 2022.
- The market is expected to grow at a CAGR of 11.3% from 2023 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2022.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 4,377.2 million |
| Market revenue in 2030 | USD 10,309.9 million |
| Growth rate | 11.3% (CAGR from 2022 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, High Power Gensets |
| Key market players worldwide | Atlas Copco AB Class A, Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Honda Motor Co Ltd, Kohler, Rolls-Royce Holdings PLC, Wartsila Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.9% of the global diesel generator market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,309.9 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific diesel generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diesel generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 46.34% in 2022. Horizon Databook has segmented the Asia Pacific diesel generator market based on low power gensets, medium power gensets, high power gensets covering the revenue growth of each sub-segment from 2019 to 2030.
Asia Pacific is projected to ascend at a CAGR of 11.3% in the global diesel generator market over the forecast period. Asia Pacific market is driven by the need for efficient back-up power systems. High growth of the industrial sector in China, India, Japan, and South Korea has triggered the demand for an industrial diesel generator in the region.
The establishment of heavy equipment, oil & gas, and process companies in China owing to low labor and utility costs has been one of the factors responsible for the penetration of the diesel generator market in the region. This can also be attributed to the fact that diesel generators are used on a large scale in manufacturing facilities for backup operations.
In India, the government has implemented several policies and initiatives that encouraging industrial establishments in the country, which is anticipated to drive the demand for diesel generator sets in industrial applications over the forecast period. The generator set industry in India is inclined toward diesel as a raw material.
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Our clientele includes a mix of diesel generator market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific diesel generator market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific diesel generator market size, by country, 2019-2030 (US$M)
Asia Pacific Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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