Asia-Pacific Diesel Generator Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Asia-Pacific diesel generator market is expected to grow at a CAGR of more than 5.37% over the period of 2020-2025. The targets of the governments of various countries to achieve significant improvement in the rural electrification rate, increase in power outages in the urban areas, and the longer timeframe required to set up the transmission and distribution infrastructure are some of the driving factors for the diesel generator market. On the flip side, the increasing availability of natural gas and the rapidly expanding natural gas generator technology, increasing deployment of renewables as an alternative power source, and the maintenance challenges for diesel generators are the restraining factors for the market studied.
Key HighlightsThe Asia-Pacific diesel generator market is fragmented. Some of the key players in this market include Cummins Inc, Mitsubishi Heavy Industries Engine & Turbocharger, Ltd, Yanmar Holdings co. Ltd, Caterpillar Inc., and Mahindra Powerol Ltd.
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