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Global Diesel Generator Market
Jul 26, 2018

With the increased demand for backup power, the diesel generator market is expected to expand through 2021. The increase in electricity demand from different end users has led to an increase in the gap between supply and demand on a global scale, which is bridged by diesel generator sets.

Diesel generator sets find applications in the industrial, commercial and residential sectors. Industrial operations rely heavily on diesel generators to generate electricity during power outages and in areas with limited grid access, and major emerging economies such as China and India are expected to continue to see strong growth in the Asia-Pacific region. To the drive diesel generator set market.

In addition, China accounts for around 50% of global steel production, making it a huge market for diesel generators as the steel industry is extremely energy intensive and its operation is highly dependent on the amount of electricity generated by diesel generator sets during power outages.