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A comprehensive overview of the Global Diesel Genset Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Diesel Genset market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Global Diesel Genset Market at regional and country levels.
Market Overview
After going through tough phase in the mid years of last decade, diesel genset market recovered with full pace. Increasing infrastructure projects like defense, railway, subway (metro), and roads and growing industrial capex boosted the demand for diesel genset across the globe. For instance, Indian Railway launched National Rail Plan, Vision 2024, to boost the implementation of key projects such as multitrack congested routes, achieve 100% electrification, upgrade the speed to 160 kmph on Delhi-Howrah and Delhi-Mumbai routes, upgrade the speed to 130 kmph on all other golden quadrilateral-golden diagonal (GQ/GD) routes, and eliminate all level crossings on the GQ/GD route, by 2024. Moreover, these gensets are the crucial part of every industry but in areas where grid transmission is not unavailable, they become backbone of overall operations. For instance, in oil & gas field, all the machineries, rigs, and employees bunker run with the help of genset. Further, in telecom tower, genset are a key component in overall operation as during the power cut, they provide continuous support to the telecom towers. Moreover, players operating in the market are investing heavily in research & development activities to produce new innovative products like digitally enabled genset. This is further making the market competitive, thus propelling in the market growth.
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COVID-19 Impact
Considering COVID-19, industrial and commercial capital expenditure (capex) had decreased to sustain during the pandemic. Several industrial settings were bankrupting or closed their operation owing to the liquidity crunch or labor unavailability. Moreover, border closure disrupted the components supply-demand. These factors have affected the diesel genset market. However, capex across the industries and sector is improving in 2021 to improve the performance, increase organic growth, and to meet the set targets by the players. All these factors would increase the demand for diesel genset. Further, government plans to boost the economy in countries like India, would also affect the diesel genset market in a positive way.
Global Diesel Genset Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Power Requirement, the market is primarily bifurcated into:
Current, Backup category dominates the market and is expected to retain its position during the forecast period as well owing to low power deficit situations and improving grid-based power transmission across the globe.
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By Power Rating, the market is mainly categorized into:
In 2020, X power rating diesel genset dominated the market. Further, the category is expected to reach US$ X billon by the end of forecast period, demonstrating a CAGR of X%
By Mobility, the market is mainly bifurcated into:
In 2020, stationary category captured the largest market share owing to increasing demand from commercial and industrial end-users.
By End-User, the market is mainly segmented into:
In 2020, Commercial category dominated the market owing to increasing demand for corporate offices, shopping complex, data centers in developing and emerging economies. Further, well developed data center sector in western economies aiding in the growth of commercial sector.
Global Diesel Genset Market Geographical Segmentation Includes:
Based on the estimation, Asia-Pacific dominated the market in 2020. Asia Pacific with countries such as China, Japan, South Korea, India, Australia among others is expected to witness high demand for Diesel Genset owing to growing urban population and industrial sector in the region.
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The major players targeting the market includes:
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Diesel Genset Market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
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