Asia-Pacific Diesel Generator Market Size (2024 - 2029)

The Asia-Pacific diesel gensets market is anticipated to experience growth, driven by government initiatives to enhance rural electrification, increased power outages in urban areas, and the lengthy process of establishing transmission and distribution infrastructure. Despite challenges posed by the availability of natural gas, the expansion of renewable energy sources, and maintenance issues with diesel generators, the market is poised for opportunities in the commercial and industrial sectors of emerging economies, the residential sector of developed economies, and defense operations. China holds a significant portion of the market share, fueled by demand from commercial office spaces and small-scale vendor markets.

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Market Size of Asia-Pacific Diesel Generator Industry

Asia-Pacific Diesel Generator Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 5.37 %
Market Concentration Low

Major Players

Asia-Pacific Diesel Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

Asia Pacific Diesel Generator Market Analysis

The Asia-Pacific Diesel Generator Market is expected to grow at a CAGR of more than 5.37% over the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.

  • Over the long term, the targets of the governments of various countries to achieve significant improvement in the rural electrification rate, increase in power outages in the urban areas, and the more extended timeframe required to set up the transmission and distribution infrastructure are some of the driving factors for the diesel generator market.
  • On the flip side, the increasing availability of natural gas and the rapidly expanding natural gas generator technology, increasing deployment of renewables as an alternative power source, and the maintenance challenges for diesel generators are the restraining factors for the market studied.
  • The commercial and industrial sectors of emerging economies, the residential sector of developed economies, and the increasing need for power in defense operations are expected to create significant opportunities for market participants shortly.
  • China accounted for the largest market share in 2021, with most of the demand coming from across the nation and rising commercial office spaces and small-scale vendor markets.

Asia Pacific Diesel Generator Industry Segmentation

A diesel generator (also known as a diesel Genset) combines a diesel engine with an electric generator (often an alternator) to generate electrical energy.

 The Asia-Pacific Diesel Generator Market report is segmented by capacity, end-user, and application. By capacity, the market is segmented into below 75 kVA, 75-350 kVA, and above 350 kVA. By end-user, the market is segmented into residential, commercial, and industrial. By application, the market is segmented by standby backup power, prime/continuous power, and peak shaving power. The report also covers the market size and forecasts for the Asia-Pacific Diesel Generator Market across the major region or countries. The report offers the market size and forecasts in revenue (USD billion) for all the above segments.

Capacity
Below 75 kVA
75-350 kVA
Above 350 kVA
End-User
Residential
Commercial
Industrial
Application
Standby Backup Power
Prime/Continuous Power
Peak Shaving Power
Geography
China
India
Japan
South Korea
Rest of Asia-Pacific
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Asia-Pacific Diesel Generator Market Size Summary

The Asia-Pacific diesel generator market is poised for significant growth, driven by factors such as government initiatives to enhance rural electrification, increasing power outages in urban areas, and the extended timeline required for transmission and distribution infrastructure development. Despite the challenges posed by the COVID-19 pandemic, the market is expected to recover to pre-pandemic levels. The industrial sector, particularly in countries like China and India, is a major consumer of diesel generators due to its reliance on continuous and reliable power supply for operations in mining, manufacturing, agriculture, and construction. The demand is further bolstered by the expansion of manufacturing facilities and infrastructure projects, especially in China, where the cost-effectiveness and reliability of diesel generators make them a preferred choice.

However, the market faces challenges from the growing availability of natural gas and the rapid advancement of natural gas generator technology, as well as the increasing deployment of renewable energy sources. Despite these challenges, opportunities abound in the commercial and industrial sectors of emerging economies, the residential sector of developed economies, and the defense sector. China leads the market, supported by its expanding manufacturing base and infrastructure projects, while India is expected to witness robust industrial growth, further driving demand for diesel generators. The market is fragmented, with key players like Cummins Inc., Mitsubishi Heavy Industries Engine & Turbocharger, Ltd., and Caterpillar Inc. playing significant roles in shaping the competitive landscape.

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Asia-Pacific Diesel Generator Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Capacity

      1. 2.1.1 Below 75 kVA

      2. 2.1.2 75-350 kVA

      3. 2.1.3 Above 350 kVA

    2. 2.2 End-User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Industrial

    3. 2.3 Application

      1. 2.3.1 Standby Backup Power

      2. 2.3.2 Prime/Continuous Power

      3. 2.3.3 Peak Shaving Power

    4. 2.4 Geography

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Rest of Asia-Pacific

Asia-Pacific Diesel Generator Market Size FAQs

The Asia-Pacific Diesel Generator Market is projected to register a CAGR of greater than 5.37% during the forecast period (2024-2029)

Cummins Inc, Mitsubishi Heavy Industries Engine & Turbocharger, Yanmar Holdings co. Ltd, Caterpillar Inc and Mahindra Powerol Ltd. are the major companies operating in the Asia-Pacific Diesel Generator Market.

Asia Pacific Diesel Gensets Market Report Snapshots

Asia Pacific Diesel Gensets Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)