China Diesel Generator Market Size & Outlook, 2022-2030
China diesel generator market, 2019-2030 (US$M)
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China diesel generator market highlights
- The China diesel generator market generated a revenue of USD 1,765.8 million in 2022 and is expected to reach USD 4,027.1 million by 2030.
- The China market is expected to grow at a CAGR of 10.9% 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.
Diesel generator market data book summary
| Market revenue in 2022 | USD 1,765.8 million |
| Market revenue in 2030 | USD 4,027.1 million |
| Growth rate | 10.9% (CAGR from 2022 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 11.7% of the global diesel generator market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China diesel generator market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,165.1 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 45.68% in 2022. Horizon Databook has segmented the China 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.
China is recognized as one of the fastest-growing economies in the sub-continental region owing to the rapidly growing manufacturing sector supported by favorable government norms. The telecom industry in the country has grown in the last couple of years and the trend is expected to continue in the coming years owing to the robust mobile network services and improving internet infrastructure.
With the growing telecom industry in the country, the demand for diesel generator is also expected to grow from 2022 to 2030 as backup standby systems are an integral part of the telecom industry, as continuous power supply ensures smooth operations of calls, messages and other dataflow.
The rapidly growing economy of the country has led to a rise in the middle class and disposable income, this is expected to increase the demand for big commercial facilities such as shopping malls, commercial complexes, and hospitals. These buildings require diesel generators for power backup in case of grid failure.
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Our clientele includes a mix of diesel generator market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the China diesel generator market , including forecasts for subscribers. This country databook contains high-level insights into China diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China diesel generator market size, by power rating, 2019-2030 (US$M)
China Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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