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Commercial Diesel Gensets Market Size

Report ID: GMI8284
Published Date: Feb 2024
Report Format: PDF

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Commercial Diesel Gensets Market Size

Commercial Diesel Gensets Market was valued at USD 10.4 billion in 2023 and is projected to grow at over 8% CAGR between 2024 and 2032. The rapid urbanization across emerging economies along with increasing spending by public and private players across telecom sector have spurred demand for reliable backup power solutions, boosting the adoption of diesel gensets in commercial sectors. Additionally, increasing infrastructure development projects including construction of commercial buildings and hospitals, have further fuelled the market growth.

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The paradigm shifts and stringent environmental regulations toward sustainable energy sources of power will drive significant growth in the commercial diesel generator sets market. These units have become increasingly prevalent and strategically important solutions for addressing power deficits, especially when compared to other alternative backup sources. A commercial diesel gensets are power generation systems designed for commercial use, particularly in situations where grid power may be unreliable or unavailable. These gensets typically utilize diesel fuel to generate electricity through an internal combustion engine.

Commercial Diesel Gensets Market Report Attributes
Report Attribute	Details
Base Year:	2023
Commercial Diesel Gensets Market Size in 2023:	USD 10.4 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	8%
2024 – 2032 Value Projection:	USD 20.8 Billion
Historical Data for:	2019 – 2023
No. of Pages:	400
Tables, Charts & Figures:	932
Segments covered:	Power Rating, End-Use, Application
Growth Drivers:	Global Expansion of data center industry and its mounting outage cost Rising frequency of natural calamities North America & Europe Surging requirement for continuous power supply Increasing investments across the commercial sector Asia Pacific Flourishing construction sector Ongoing emphasis on digitalization and expansion of telecom sector Africa Rapid population growth and demand for reliable grid infrastructure
Pitfalls & Challenges:	High overall product cost

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of commercial diesel genset was reached USD 10.4 billion in 2023 and is projected to witness 8% CAGR up to 2032, due to the rapid urbanization across emerging economies along with the increasing spending by public and private players across telecom sector.

The > 50 kVA - 125 kVA power rating segment held over 17% share of the commercial diesel genset market in 2023, driven by the rising reliance on digital technologies and sensitive electronic equipment in commercial settings.

Commercial diesel genset market from the data center end use segment will witness over 37% growth rate up to 2032, owing to the increasing globalization of businesses and the need for low-latency connections.

Asia Pacific commercial diesel gensets market size is poised to surpass USD 14.5 billion by 2032, owing to the continuous expansion of medium and small sized sectors.