Russia Diesel Generator Market Size & Outlook, 2022-2030
Russia diesel generator market, 2019-2030 (US$M)
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Russia diesel generator market highlights
- The Russia diesel generator market generated a revenue of USD 513.9 million in 2022 and is expected to reach USD 900.7 million by 2030.
- The Russia market is expected to grow at a CAGR of 7.3% 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.
Diesel generator market data book summary
| Market revenue in 2022 | USD 513.9 million |
| Market revenue in 2030 | USD 900.7 million |
| Growth rate | 7.3% (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, Russia accounted for 3.4% 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 Europe, Germany diesel generator market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,641.5 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia 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 42.4% in 2022. Horizon Databook has segmented the Russia 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.
Diesel generator market in Russia is largely driven by unmet demand for generator sets in various applications coupled with the emergence of various growth opportunities in the country owing large manufacturing sector in the country. The growth of Russian economy is likely to boost the demand for generator in the coming years.
The growing demand for electricity combined with the demand supply gap for power, and low penetration of alternative power sources have resulted in the growth of Russian diesel generator market. The demand for standby power is increasing, thereby fueling the demand for diesel generators.
The demand for diesel generator is expected to be restrained by the increasing prices for diesel making them uncompetitive and reduced supply of diesel generators caused by the sanctions imposed on the country. For instance, in March 2022, Cummins, Inc. announced to suspend all commercial operations in Russia indefinitely.
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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 country-level data and insights on the Russia diesel generator market , including forecasts for subscribers. This country databook contains high-level insights into Russia diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Russia diesel generator market size, by power rating, 2019-2030 (US$M)
Russia Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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