Latest Market Research Report 2025

  In 2023, the global diesel generator market was valued at approximately USD 16.36 billion, and projections indicate a compound annual growth rate (CAGR) of 9.6% from 2024 to 2030. The escalating global energy demand significantly surpasses supply, driven by factors like continuous population growth, expanding infrastructure, and accelerated industrialization, especially in developing economies. Diesel generators are preferred due to benefits such as lower operating costs and high fuel efficiency, making them especially popular in developing regions, notably within the Asia Pacific. However, diesel generators also have downsides, including noise pollution and the emission of harmful gases. The World Nuclear Association has projected that electricity demand could double from its current levels. Furthermore, the U.S. Department of Energy forecasts that solar energy will likely become the most abundant energy source. Looking ahead, economic growth in major developing countries like I...

  Diesel Generator Industry Overview The global diesel generator market size was valued at USD 18.74 billion in 2021 and is projected to progress at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The increasing demand for energy across the globe outstrips the supply. Factors such as continuous population growth, infrastructure development, and rapid industrialization in emerging economies are pacing the demand for power. Diesel generators have numerous advantages such as low operating costs and better fuel efficiency. Thus, they are much popular in developing regions, especially in the Asia Pacific region. Along with its advantages, it had many other drawbacks which include noise pollution and the emission of hazardous gases. The World Nuclear Association has projected that the electricity requirement is expected to double the current consumption. According to the U.S. Department of Energy, solar energy will be the most abundant energy source available. ...