China Diesel Genset (Generator) Market (2021-2027) | Growth, Size, Trends, Industry, Value, Share, Analysis, Revenue, Segmentation, Outlook & COVID-19 IMPACT

China Diesel Genset Market | Country-Wise Share and Competition Analysis

In the year 2021, Japan was the largest exporter in terms of value, followed by Korea. It has registered a decline of -9.72% over the previous year. While Korea registered a growth of 8.46% as compared to the previous year. In the year 2017, Japan was the largest exporter followed by the USA. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, China has a Herfindahl index of 1642 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  2556 which signifies a high concentration in the market.

China Diesel Genset Market - Export Market Opportunities

Topics Covered in the China Diesel Genset (Generator) Market

China Diesel Genset (Generator) Market report comprehensively covers the market by kVA ratings & application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

China Diesel Genset (Generator) Market is projected to grow over the coming years. China Diesel Genset (Generator) Market report is a part of our periodical regional publication Asia Pacific Diesel Genset (Generator) Market outlook report. 6W tracks the diesel genset market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Diesel Genset (Generator) Market outlook report annually.

Latest Development (2023) of the China Diesel Genset (Generator) Market

China Diesel Genset (Generator) Market has witnessed major growth in recent years. The increasing need for power solutions in residential and commercial settings is leading to an increase in demand for generators. The rising adoption of renewable energy sources such as solar and wind power is one of the major trends that is driving the growth of the market. The increasing demand for ecologically friendly gensets is one of the major development in the industry. Carbon emission is a major challenge and due to this, more companies are reducing their carbon footprint by using gensets that emit less harmful gases. The rise of smart technology incorporation is one of the major trends in the market. These latest technologies have various features such as remote monitoring, automatic load sharing, and intelligent control system. These technologies maximize energy usage and increase efficiency. The China Diesel Genset (Generator) Industry is continuously evolving due to innovation and advancement of technology.

China Diesel Genset Market Synopsis

China Diesel Genset (Generator) Market is anticipated to register modest growth during the upcoming years owing to the Chinese government policy of Made in China 2025 that focuses on the production of higher-value products. Expansion in the industrial sector drives the need for regular and uninterrupted power generation leading to the growth of the market. The market is also driven by multiple factors such as power deficit, power outages, and the emergence of manufacturing hubs. Expansion of the industrial sector backed by government favorable norms to increase production beholds the positive growth of the Diesel Genset Market.

According to 6Wresearch, China Diesel Genset (Generator) Market size is projected to grow at a CAGR of 4.5% during 2021-2027. The introduction of new construction projects in the industrial sector is likely to boost the development of the market. An increasing population backed by growing urbanization is expected to upsurge the growth of the market. The global pandemic COVID-19 led to the disruption in the regular supply of Diesel Genset backed by the shutting down of manufacturing hubs owing to the decline in the growth of the market. China occupies 1st position in terms of the market size in the APAC Diesel Genset Market.

Market by KVA

On the basis of KVA, the market is divided into 5 - 75 KVA, 75.1 - 375 KVA, 375.1 - 750 KVA, 750.1 - 1000 KVA, and Above 1000 KVA. 75.1 - 375 KVA is expected to dominate the market owing to its extensive use in small and medium-sized buildings and various industries 

Market by Application

According to Dhaval, Research Manager, 6Wresearch, on the basis of Application, the market is segmented into Residential, Commercial, Industrial, and Transportation & Public Infrastructure. The industrial segment will dominate the market due to the presence of heavy industries, construction, and manufacturing sites.

COVID-19 Impact on China Diesel Genset (Generator) Market

COVID-19 impacted the China Diesel Genset (Generator) Market in various ways. The sudden outbreak of the pandemic caused a significant decline in the sales of generators due to shut down of factories and a reduction in economic activity and it led to a decline in China Diesel Genset Market Share.  The transport restriction and the supply chain disruption due to the closures of borders led to the cancelation of orders and delays in deliveries. The lockdown in the country led to a decrease in the demand for electricity as the factories and industries were shut down. The demand for generators decreased due to a drop in power consumption and the producers faced various challenges such as low levels of production and excess inventory. However, the gradual opening of the factories and industries after the pandemic led to an increase in demand for these machines.

China Diesel Genset (Generator) Market: Key Players

The Diesel Genset (Generator) Market in China is very competitive and dynamic and these companies have a strong presence in the market.

• Cummins Inc.
• Caterpillar Inc.
• Mitsubishi Heavy Industries, Ltd.
• Kohler Co.
• Wuxi Kipor Power Co., Ltd.
• Weichai Power Co., Ltd.
• Shandong Shenghan Power Co., Ltd.
• Jiangsu Starlight Electricity Equipment Co., Ltd.
• Yuchai International Limited
• Chongqing Cummins Engine Co., Ltd.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• China Diesel Genset Market Outlook
• Market Size of China Diesel Genset Market, 2020
• Forecast of China Diesel Genset Market, 2027
• Historical Data and Forecast of China Diesel Genset Revenues & Volume for the Period 2017-2027
• China Diesel Genset Market Trend Evolution
• China Diesel Genset Market Drivers and Challenges
• China Diesel Genset Price Trends
• China Diesel Genset Porter's Five Forces
• China Diesel Genset Industry Life Cycle
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By KVA for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By 5 - 75 KVA for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By 75.1 - 375 KVA for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By 375.1 - 750 KVA for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By 750.1 - 1000 KVA for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By Above 1000 KVA for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By Application for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By Residential for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By Commercial for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By Industrial for the Period 2017-2027
• Historical Data and Forecast of China Diesel Genset Market Revenues & Volume By Transportation & Public Infrastructure for the Period 2017-2027
• China Diesel Genset Import Export Trade Statistics
• Market Opportunity Assessment By KVA
• Market Opportunity Assessment By Application
• China Diesel Genset Top Companies Market Share
• China Diesel Genset Competitive Benchmarking By Technical and Operational Parameters
• China Diesel Genset Company Profiles
• China Diesel Genset Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following Market segments:

By KVA Rating:

• Up to 75 kVA
• 75.1 - 375 kVA
• 375.1 - 750 kVA
• 750 - 1000 kVA
• More than 1000 kVA

By Application:

• Residential
• Commercial
• Industrial
• Transportation & Infrastructure Application