Azerbaijan Diesel Genset Market (2019-2025) | Size, Value, Growth, Forecast, Analysis, Revenue, Companies, Outlook, Trends, Industry & Share

Azerbaijan Diesel Genset Synopsis

Azerbaijan Diesel Genset (Generator) Market is expected to generate sound revenues during the forecast period on account of the strengthening of the oil & gas industry. Booming tourism sector in the country backed by the emerging gold mining industry is anticipated to propel the Azerbaijan Diesel Generator Market Growth. Diesel gensets have become a major power source for the operation in oil & gas fields and mines. Also, the increasing penetration towards the growing demand for electricity adds to the Azerbaijan Diesel Generator Market Share.

According to 6Wresearch, the Azerbaijan Diesel Genset Market size is projected to grow at a CAGR of 4.1% during 2019-25. Diesel gensets with a rating below 60 kVA acquired the maximum volume share in the overall diesel Generator market of the region on account of the widespread deployment of such gensets across the commercial and industrial domains. Increasing investment by the government to improve the road infrastructure of the country would further increase the demand for diesel gensets in the construction domain.

By applications, the industrial segment accounted for the highest revenue share in the overall Azerbaijan Diesel Generator market Revenue during 2018, owing to the use of diesel gensets in the oil and gas industry. The strengthening of the oil & gas sector in the country would further lead to the development of industrial establishments in the country. By regions, Eastern Azerbaijan registered the majority of the revenue share owing to the concentration of industries and commercial establishments in the capital Baku which lies in the Eastern part of the country. Some of the key players in the Azerbaijan Diesel Generator Market are - AKSA, Teksan, Caterpillar, Cummins, and other Chinese and Turkish brands.

Azerbaijan diesel Generator market report comprehensively covers the market by kVA rating, applications, and regions. Azerbaijan diesel Genset market outlook report provides an unbiased and detailed analysis of Azerbaijan diesel Genset market trends, opportunities, high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Government policies and schemes introduced in the Azerbaijan Diesel Genset Market

To address the country's power supply challenges, the Azerbaijani government has launched several initiatives aimed at boosting renewable energy usage, reducing energy consumption, and improving the reliability of the grid. These initiatives has remarkably increased Azerbaijan Diesel Genset Market Share.  The country's Alternative and Renewable Energy Sources Program aims to increase the use of renewable energy to 30% of the country's total electricity production by 2030. Additionally, the government has also launched initiatives to reduce energy consumption in buildings and promote energy-efficient appliances.

Leading players in the Azerbaijan Diesel Genset Market

The Azerbaijan Diesel Genset Industry is fragmented, with a mix of local and global players. Some of the prominent players in the market include Wärtsilä Corporation, Cummins Inc., Caterpillar Inc., MTU Onsite Energy GmbH, and Generac Holdings Inc. These companies are focused on expanding their product portfolio, developing advanced diesel gensets with low emissions, and providing customized solutions to meet customer requirements.

Market analysis by KVA Ratings

The Diesel genset market in Azerbaijan can be segmented by kVA rating. The kVA rating refers to the power capacity of the genset. Based on kVA rating, the 5 kVA to 75 kVA segment is expected to grow during the forecast period. This is due to the high demand for smaller capacity gensets in residential and commercial sectors for backup power. Furthermore, gensets with capacities ranging from 75.1 kVA to 375 kVA are expected to see significant growth due to their increased use in construction sites, data centres, and industrial facilities.

Market analysis By Applications

According to Shivankar, Research Manager, 6Wresearch, the adoption of diesel gensets in Azerbaijan varies widely based on application. The transportation and public infrastructure sector is projected to show significant growth due to investments in road and rail infrastructure in Azerbaijan. Diesel gensets are required to provide backup power to traffic signals, street lights, emergency services, ports, and airports.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2015 to 2018.
• Base Year: 2025.
• Forecast Data until 2025.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Azerbaijan Diesel Genset Market Overview
• Azerbaijan Diesel Genset Market Outlook
• Azerbaijan Diesel Genset Market Forecast
• Azerbaijan Diesel Genset Market Size and Azerbaijan Diesel Genset Market Forecast, Until 2025.
• Azerbaijan Diesel Genset Market Share, By Regions
• Historical Data of Global Diesel Genset Market Revenues & Volume for the Period 2013-2018.
• Market Size & Forecast of Global Diesel Genset Market Revenues & Volume until 2025F.
• Historical Data of Azerbaijan Diesel Genset Market Revenues & Volume for the Period 2013-2018.
• Market Size & Forecast of Azerbaijan Diesel Genset Market Revenues & Volume until 2025F.
• Historical Data of Azerbaijan Diesel Genset Market Revenues & Volume for the Period 2013-2018, By kVA Rating.
• Market Size & Forecast of Azerbaijan Diesel Genset Market Revenues & Volume until 2025F, By kVA Rating.
• Historical Data of Azerbaijan Diesel Genset Market Revenues & Volume for the Period 2013-2018, By Applications.
• Market Size & Forecast of Azerbaijan Diesel Genset Market Revenues & Volume until 2025F, By Applications.
• Historical Data of Azerbaijan Diesel Genset Market Revenues & Volume for the Period 2013-2018, By Regions.
• Market Size & Forecast of Azerbaijan Diesel Genset Market Revenues & Volume until 2025F, By Regions.
• Azerbaijan Diesel Genset Market Drivers and Restraints
• Azerbaijan Diesel Genset Market Trends and Industry Life Cycle
• Azerbaijan Diesel Genset Market Porter's Five Force Analysis 
• Azerbaijan Diesel Genset Market Opportunity Assessment
• Azerbaijan Diesel Genset Market Share, By Players
• Azerbaijan Diesel Genset Market Overview on Competitive Benchmarking
• Company Profiles 
• Key Strategic Recommendations

Markets Covered

The Azerbaijan diesel Genset market report provides a detailed analysis of the following market segments:

• By kVA Rating

    o Below 30 kVA
    o 30.1-60 kVA
    o 60.1-150 kVA
    o 150.1-300 kVA
    o 300.1-500 kVA
    o 500.1- 1000 kVA
    o Above 1000 kVA

• By Applications

    o Residential
    o Commercial
    o Industrial
    o Infrastructural

• By Regions

    o Western 
    o Eastern

Frequently Asked Questions About the Market Study (FAQs):