Diesel Genset Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2030
Diesel Genset Market Overview: Diesel Genset Market is projected to be worth USD 30.81 billion, registering a CAGR of 8.70% during the forecast period (2022 - 2030), The market was valued at USD 17.23 billion in 2021. The Diesel Genset Market is expected to continue its growth over the next few years. Despite government amends to reduce diesel genset use to minimize rising environmental concerns, the market demand is likely to remain robust. The increasing demand for reliable energy supply and growing incidences of power outages are estimated to create substantial market demand. Many industries need gensets for their remote power and transport power needs. Especially shipping sector and food & perishable goods transport industries require powered engines during inland and long-distance shipping to power refrigerated reefer containers to maintain safe temperatures. Gensets are also used in remote locations to provide a steady power supply and backup electricity. Request