Diesel Genset Market, By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, and >750 kVA), By End-user (Residential, Commercial, and Industrial), By Application (Standby, Peak Shaving, and Prime/Continuous), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

The market for diesel generator sets was valued at US$ 14.23 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% to reach US$ 25.61 billion by 2030.

A diesel engine and an electric generator are the two primary components of a diesel genset generator. Its primary purpose is to generate energy from gaseous fuels using an internal combustion engine. Compared to traditional generation in power plants, the primary benefit of dispersed production is the explosive expansion of the electrical energy. It is a portable power source that produces electricity through a motor. It doesn't need to refuel after running a container for up to five days. When transporting perishable goods abroad or by truck, a genset is affixed to a reefer container. To keep the consignment cool in this instance, the reefer container requires an additional power supply. It's generating electrical current in AC. Numerous settings, including households, factories, schools, and hospitals, can benefit from its utilization.