The Chinese market for diesel generators has performed strongly
Jan 10,2022
In 2023, the market revenue of diesel generator sets in China reached 4.653 billion US dollars, and the domestic production rate increased to 65%.
Domestic enterprises, relying on their cost-performance advantages and technological upgrades, have gradually broken the monopoly of foreign brands and occupied 60% of the domestic market share.
The penetration rate of e-commerce channels has increased from 3.26% in 2014 to 9.71% in 2023, and the transaction volume has grown from 583 million yuan to 3.296 billion yuan, with a compound annual growth rate of 21.22%.
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