The total addressable market for Diesel genset market is projected to reach USD 1,433.0 million by 2027, according to QuantAlign Research. Rapid industrialization, infrastructure growth, and population growth are some of the factors driving global energy consumption. In addition, technological advancements and increasing penetration of electronic devices in offices and data centers have led to an increase in the use of diesel generators to prevent business interruptions and maintain continuous power supply during sudden power outages. These factors are driving the global diesel generator market. Further, the global generation and use of data on a large scale has led to the development of data centers as a supporting infrastructure for the storage, analysis, and delivery of data services. In addition, technological advances such as autonomous cars and smart personal assistants, as well as the increasing application of the Internet of Things (IoT), cloud computing, and digital currencies, are expected to increase the need for more data centers, which in turn would drive demand for diesel gensets to meet auxiliary and main power needs in these facilities.

Key Insights

• from a global perspective, factors such as aging infrastructure and insufficient investment in power grid development and maintenance have led to erratic power supply and, in some cases, low power production in a number of countries.
• Aging infrastructure and insufficient investment in power grid development and maintenance have led to erratic power supply and, in some cases, low power production in a number of countries. Only the development of off-grid solutions or the use of power generation equipment such as diesel and gas generators can solve the problem of insufficient power supply. Due to their lower initial cost, easy availability and product differentiation, diesel gensets have gained acceptance in the global market.
• In recent years, major manufacturers have been quite active in the diesel genset market and have taken a number of measures to improve their product portfolio, expand their customer base, develop their brand identity in foreign markets, and provide after-sales service for their products in various regions

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Diesel genset market size, demand outlook, trend analysis by power rating (< 50 kVA, 50-125 kVA, 125-200 kVA, 200-330 kVA, 330-750 kVA, > 750 kVA), by end-user (commercial, industrial, residential) by Application (standby, peak saving, prime/continuous), and Industry Estimates 2022-2027 “https://quantalignresearch.com/diesel-genset-market-report/ “

Some of the major players operating in the diesel genset market include Kohler, Generac, Yamaha, Cummins, Kirloskar Oil Engine limited, Powerica, Escorts Limited, Sterling Generator, YANMAR, Caterpillar, Trane technologies, Atlas Copco, Ashok Leyland, C&S Electric, JCB, Mahindra Powerol, Supernova Genset, Siemens, are among others