Market Forecast By KVA Rating (5 KVA-75 KVA, 75.1 KVA-375 KVA, 375.1 KVA-750 KVA, 750.1 KVA-1000 KVA And Above 1000 KVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), And Competitive Landscape
Product Code: ETC001403 | Publication Date: Jan 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
China Diesel Genset market currently, in 2023, has witnessed an HHI of 4161, Which has increased moderately as compared to the HHI of 1636 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
China Diesel Genset Market report thoroughly covers the market by KVA rating and application. The market outlook 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 Market is likely to grow due to giant infrastructure expansion, rising demand for electricity, and increased construction activities have been the primary drivers behind the surge. As the country aims to achieve energy security and reduce pollution, the demand for fuel-efficient diesel gensets will continue to grow. The China diesel genset market is set to grow significantly in the coming years, driven by the country's rapid industrialization, infrastructural development, and rising demand for cleaner energy sources. With the government's continuous push towards renewable energy, diesel genset providers can find new opportunities to provide backup power solutions in situations where electric grids may not be reliable and this factor has significantly increased China Diesel Genset Market Share.
According to 6Wresearch, the China Diesel Genset Market size is projected to grow at the CAGR of 6.25 % during the forecast period of 2025-2031. China's growing population, urbanization, and industrialization are among the key drivers behind the diesel genset market growth. Rapid infrastructural development, coupled with substantial investment in the energy sector, has created immense demand for standby and prime power solutions. The expansion of data centers, hospitals, and other critical infrastructure has increased demand for diesel gensets, impacting the market positively. Additionally, the country's efforts to boost renewable energy and reduce coal consumption has created new opportunities for diesel genset providers. The China diesel genset market has been largely driven by the need for reliable power backup solutions.
The country has witnessed a growing demand for electricity, especially with the exponential growth in the industrial, commercial, and residential sectors. The need for uninterrupted and reliable electricity has also led to increased adoption of diesel gensets for backup solutions. There are some challenges present in the China Diesel Genset Industry. The notable challenge is the increasing competition from alternative power generation technologies like solar and wind energy. These technologies are gaining momentum, mainly due to the country's efforts to reduce greenhouse gas emissions and increase renewable energy production. Another challenge facing the industry is the severe government regulations aimed at plummeting pollution and promoting cleaner energy sources. The growing costs of raw materials utilized in genset manufacturing could negatively affect industry development.
The Chinese government has implemented several initiatives aimed at reducing pollution, promoting cleaner energy sources, and boosting renewable energy production. One such initiative is the "Three-Year Action Plan for Winning the Blue-Sky Defence Battle." This plan seeks to reduce pollution significantly by targeting diesel-powered automobiles and equipment. The government has also implemented renewable energy policies aimed at boosting the development of solar, wind, and hydroelectric power. These policies incentivize the use of cleaner energy sources, creating opportunities for diesel genset providers to supply backup power in situations where renewable energy sources may be unreliable or unfeasible.
There are many companies in the Diesel genset market In China, with several major players dominating the market. These include companies like Caterpillar, Cummins, Generac, HIMOINSA, and Kohler, among others. These companies have continued to expand their product portfolios to meet customer demand, utilizing innovative technologies like hybrid gensets and energy storage systems. Many of these key players have distribution and sales channels throughout China, providing customized solutions to customers across various businesses.
The size of a genset is measured in kilovolt-amperes (kVA). When it comes to diesel gensets, the kVA rating refers to the power output that the generator can yield. The 5 kVA-75 kVA segment is predicted to increase China Diesel Genset Market Growth in the coming years. This section is ideal by small businesses and homeowners who require a dependable source of backup power during power cut.
According to Shivankar, Research Manager, 6Wresearch, the China diesel genset market is also segmented based on applications, with four distinct categories: residential, commercial, industrial, and transportation & public infrastructure. The segment expected to grow the most is the commercial segment. With the rise of commercial activities in the country, there has been an increasing demand for dependable power supply for various commercial activities such as shopping malls, hotels, and supermarkets.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Diesel Genset Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Diesel Genset Market Revenues & Volume, 2021 & 2031F |
3.3 China Diesel Genset Market- Industry Life Cycle |
3.4 China Diesel Genset Market- Porter's Five Forces |
3.5 China Diesel Genset Market Revenues & Volume Share, By KVA rating , 2023 & 2031F |
3.6 China Diesel Genset Market Revenues & Volume Share, By Application 2023 & 2031F |
4 China Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 China Diesel Genset Market Trends |
6. China Diesel Genset Market, By KVA Ratings |
6.1 China Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2021 & 2031F |
6.2 China Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2021 & 2031F |
6.3 China Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2021 & 2031F |
6.3 China Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2021 & 2031F |
6.3 China Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2021 & 2031F |
7 China Diesel Genset Market, By Application |
7.1 China Diesel Genset Market Revenues & Volume, By Residential, 2021 & 2031F |
7.2 China Diesel Genset Market Revenues & Volume, By Commercial, 2021 & 2031F |
7.3 China Diesel Genset Market Revenues & Volume, By Industrial, 2021 & 2031F |
7.3 China Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2021 & 2031F |
8 China Diesel Genset Market Import-Export Trade Statistics |
8.1 China Diesel Genset Market Export to Major Countries |
8.2 China Diesel Genset Market Imports from Major Countries |
9 China Diesel Genset Market Key Performance Indicators |
10 China Diesel Genset Market- Opportunity Assessment |
10.1 China Diesel Genset Market Opportunity Assessment, By KVA rating , 2031 |
10.2 China Diesel Genset Market Opportunity Assessment, By Application, 2031 |
11 China Diesel Genset Market- Competitive Landscape |
11.1 China Diesel Genset Market Revenue Share, By Companies, 2024 |
11.2 China Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
Market Forecast By kVA Ratings (5 - 75 kVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA And Above 1000 kVA), By Applications (Commercial, Residential, Industrial, Transportation, and Infrastructure) And Competitive Landscape.
Product Code: ETC001403 | Publication Date: Nov 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
China diesel genset market is anticipated to register healthy growth on account of growing domestic manufacturing and rising demand for diesel gensets. China emerged as the leader in the global diesel genset market owing to infrastructural projects, expansion of manufacturing facilities across the country, high demand-supply gap as well as increasing demand for commercial office space.
According to 6Wresearch, the China Diesel Genset Market size is projected to grow at a CAGR of 2.2% during 2019-25. 75.1 – 375 kVA, remains the key revenue-generating segment in the overall diesel Generator market in China owing to increasing utilization of lower rating generators across areas such as telecom infrastructure, unreliable and off-grid areas, and other commercial sectors. However, the 375.1 – 750 kVA segment, would register the highest growth during the forecast period due to increasing usage in commercial projects, upcoming projects in the region such as Shimao Shenzhen-Hong Kong International Centre, Shenzhen Tower and Nexus Tower would further act as a catalyst for the growth of China diesel Generator market during the forecast period.
Amongst all the applications, the commercial and industrial segments captured the majority of the market share. However, the industrial application sector is expected to witness higher growth over the next six years, due to the expansion of the manufacturing sector and increasing demand to supply back-up and continuous power.
The China diesel genset market report thoroughly covers the market by kVA rating and applications. The China diesel Genset market outlook report provides an unbiased and detailed analysis of the ongoing China diesel Generator market trends, opportunities/ high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
China Diesel Genset Market Report Covered:
The report provides a detailed analysis of the following market segments: