Rising Installation of Data Centers Creating High Demand for Diesel Generator Set

by Vijay K. Web Marketing
The diesel genset market is expected to grow at a CAGR of 6.0% during the forecast period, due to the surging demand for stationery and emergency power backup across industries such as marine, manufacturing, oil and gas, automotive, telecom, healthcare, and construction. The market generated revenue of $13,773.0 million in 2019 and it is expected to generate $21,929.9 million by 2030. Moreover, the escalating number of data centers, owing to the largescale creation and consumption of data, will propel the market growth in the coming years.

In recent years, major players have started investing hefty amounts in the market for diesel generator set to enhance their product portfolio, develop their brand identity in foreign markets, and expand their customer reach. These players are also focusing on ensuring aftermarket services for their products. For example, Cummins Inc. launched new genset in February 2019 for the U.S. market. It is a new ignition-protected (kW) Onan marine generator rated for 7.5 kilowatts that supplies auxiliary power to marine vessels through gasoline propulsion engines.

Geographically, the Asia-Pacific diesel genset market accounted for the largest share in 2019, due to the large number of installation of low-power gensets in telecom towers, rise in construction activities, and largescale adoption of these systems in the residential and commercial industries in the region. Furthermore, the regional market is expected to display lucrative growth in the forecast period, on account of the escalating investments in telecom infrastructure, surging demand for backup power in residential units, and growing manufacturing sector in APAC nations.

Thus, the uncertainties in power supply and the development of data centers will propel the market growth in the coming years.

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About Vijay K. Senior   Web Marketing

192 connections, 2 recommendations, 707 honor points.
Joined APSense since, May 17th, 2016, From New York, United States.

Created on May 6th 2021 08:09. Viewed 106 times.


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