China Diesel Generator Market Size (2024 - 2029)

The China diesel generator market is anticipated to experience growth driven by the demand for reliable power supply across various industries, particularly healthcare. Despite challenges posed by the rise of natural gas and renewable energy sources, the market's scope is expanding, especially with advancements in hybrid power solutions. The industrial sector currently holds the largest market share, and the segment for generators below 75 kVA is expected to lead due to their increasing application in new commercial projects.

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Market Size of China Diesel Generator Industry

China Diesel Generator Market: Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.25 %

Major Players

China Diesel Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Diesel Generators Market Analysis

The China diesel generator market is expected to grow at a CAGR of more than 5.25% over the period of 2020-2025. The growing demand for uninterrupted and reliable power supply and increasing growth in several industries including the healthcare industry 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 advancement in battery technologies are the restraining factors for the market studied.

  • The industrial sector has accounted for the largest share of the revenue from the sale of diesel generators in 2019 owing to the increasing demand for continuous and reliable power supply from the industrial sector.
  • The advancement in hybrid power solutions that combine renewable energy sources like solar PV and diesel generators is expected to create a significant amount of opportunities for the players involved in the market in the near future.
  • Below 75 kVA segment is expected to dominate the market during the forecast period due to increasing usage in upcoming commercial projects in the country.

China Diesel Generators Industry Segmentation

The China diesel generator market report includes:

Capacity
Below 75 kVA
Between 75-350 kVA
Above 350 kVA
End-User
Residential
Commercial
Industrial
Application
Standby Backup Power
Prime/Continuous Power
Peak Shaving Power
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China Diesel Generator Market Size Summary

The China diesel generator market is poised for growth, driven by the increasing demand for reliable and uninterrupted power supply across various industries, particularly in healthcare and manufacturing. The industrial sector has been a significant contributor to the market, as operations in industries such as steel production heavily rely on diesel generators during power outages and in areas with limited grid access. The market is also influenced by the advancement of hybrid power solutions that integrate renewable energy sources with diesel generators, presenting new opportunities for market players. However, the market faces challenges from the growing availability of natural gas, the expansion of natural gas generator technology, and the rise of renewable energy sources and advanced battery technologies.

The demand for diesel generators in China is further fueled by the country's cost-effectiveness and the increasing need for power backup devices due to improved living standards. The emergence of new manufacturing hubs in western and central regions, along with frequent power outages, has heightened the demand for diesel generators. The below 75 kVA segment is expected to dominate the market, as these generators are affordable and widely used in various applications, particularly by small industries to mitigate power supply failures. The market is characterized by fragmentation, with key players including Caterpillar Inc., Mitsubishi Heavy Industries Engine & Turbocharger, Ltd, Yanmar Holdings Co. Ltd, Generac Power Systems, Inc., and Changzhou ETK Power Machinery Co., Ltd.

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China 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 2025

    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 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Capacity

      1. 2.1.1 Below 75 kVA

      2. 2.1.2 Between 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

China Diesel Generator Market Size FAQs

The China Diesel Generator Market is projected to register a CAGR of greater than 5.25% during the forecast period (2024-2029)

Caterpillar Inc., Mitsubishi Heavy Industries Engine & Turbocharger, Ltd , Yanmar Holdings co. Ltd, Generac Power Systems, Inc and Changzhou ETK Power Machinery Co., Ltd are the major companies operating in the China Diesel Generator Market.

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China Diesel Generator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)