Government policies to support investment in tourism sector, growing service sector and recovery of mining and construction industry would drive the demand for diesel genset in Australia in the coming years.
According to 6Wresearch, Australia Diesel Genset Market is projected to reach $765.4 Million by 2022. The market for diesel gensets in Australia witnessed sluggish demand over the past two years as a result of declining mining industry, which impacted the market for diesel gensets in Australia. However, during the forecast period, the demand for diesel genset is anticipated to rise owing to the growing tourism and service sectors.
According to Ravi Bhandari, Research Analyst, 6Wresearch,' In Australia, diesel gensets with medium (375KVA to 750 KVA) and high power rating (more than 750KVA) accounted for major revenue share in the overall market. Even though low rating segment (below 375KVA) leads the market in volume share, but with increasing penetration of renewable energy in the country, the segment would face tough competition over the next six years.
"Mining sector is one of the largest end users for high rating diesel gensets, where these are deployed for various range of operations. However, with the continuing downward trend in the Australian mining industry, the demand for diesel gensets registered a declining trend," Ravi further added.
According to Anuj Sharma, Research Associate, Research and Consulting, 6Wresearch, "hospitality sector is also expected to revive the growth of Australia’s diesel gensets. The government of Australia has planned an investment of $59.8 billion in the tourism sector of which major share would go into infrastructure development across the country in the coming years. Additionally, the growing service sector which is the major contributor in the country’s GDP is anticipated to drive the demand for the diesel genset in Australia." Anuj Concluded
Some of the major Comapanies in Australia Diesel Genset market Include- Caterpillar, Cummins, FG Wilson, MTU Onsitre Energy, Atlas Copco and Deutz AG.
"Australia Diesel Genset Market (2016–2022)" report provides in-depth analysis with 51 figures and 12 tables covered in more than 120 pages. The report estimates and forecast the overall Australia diesel genset market by revenue, volume, KVA rating of diesel gensets and applications such as residential, telecom, manufacturing, mining, hospitality, service sector and regions. The report also provide insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.