In several African countries, including, Ghana and Nigeria, the power and electric infrastructure is highly underdeveloped, which leads to considerable volume of power transmission losses and high-value base power deficit, which is helping the diesel genset market prosper. In addition to this, the surging volume of data that is being generated these days has created a wide need for data centers, so that the generated data can be analyzed and collated properly. This kind of infrastructure needs to be supported by a significant amount of energy. It is because of all these factors that the diesel genset market is expected to grow at a substantial pace in the near future.


A diesel genset, or generator, is a mechanical device which converts diesel’s mechanical energy into electrical energy.This is achieved by making use of an alternating current (AC) alternator and a diesel engine. The AC alternator is spun by the diesel engine, creating the AC electrical current, which is then utilized for powering electrical equipment. As per a report by P&S Intelligence, the global diesel genset market is predicted to generate a revenue of $17,821.3 million by 2024, rising from $12,656.2 million in 2018, and is expected to progress at a 5.8% CAGR during the forecast period (2019–2024).


Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/diesel-genset-market/report-sample


Diesel gensets have different power ratings, namely 5 kVA–75 kVA, 76 kVA–375 kVA, 376 kVA–750 kVA, and above 750 kVA. Out of these, the demand for generators with power rating 5 kVA–75 kVA was the highest in the diesel genset market in the past, since they are widely utilized in small commercial installations, residential complexes, retail establishments, and telecom towers. As the grid infrastructure in several developing countries is inefficient, diesel gensets are utilized for meeting various back-up and primary power needs. Because of this, the diesel genset market is further predicted to register significant growth in the near future.


The growth of infrastructure in countries including Indonesia, the U.K., China, India, and the U.S. is predicted to result in the expansion of the diesel genset market in the years to come. These countries are witnessing rapid economic growth, which is why governments are further investing heavily towards the development of proper infrastructure. This growth in the number of residential and commercial spaces in these countries will create the need for diesel gensets for meeting the surging power demands in the near future.