The global market size of diesel generators continues to grow
Jul 28,2022
The global diesel generator set market size was approximately 21 billion US dollars in 2023 and is expected to exceed 35 billion US dollars by 2030, with a compound annual growth rate (CAGR) of 6.8%.
The Asia-Pacific region is the world's largest market, accounting for 65% of global production capacity. Among them, China and India are the main producers. The Southeast Asian market performed particularly outstandingly, with a CAGR of 9.3%, mainly due to the increase in investment in power infrastructure and the growth in industrial electricity demand.
The African market is driven by a power shortage, with a CAGR of 9.3%. Countries such as Nigeria and South Africa have strong demand, importing over 100,000 diesel generators annually.
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