The China Diesel Generator Market is expecting around 9% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The growing demand for an uninterrupted & stable flow of electricity from several end-user industries like residential, mining, oil & gas, industrial & construction, telecom, and others for their day-to-day applications is driving the market for diesel generators across China.
Besides, the increasing government focus on infrastructural developments, i.e., displaying an escalating number of construction projects in the country and infusing the demand for diesel generators to run heavy machinery and utilize energy during power outages & at times of emergency backups, is also driving the market.
Moreover, the emerging trend of acquiring diesel generators on a rental basis across China is further generating growth prospects for the leading market players to offer such services and expand their visibility across the country.
In addition, the government of China is laying out favorable policies and encouraging the leading market players to develop & distribute technologically advanced diesel generators, i.e., another crucial aspect projected to augment the overall market growth through 2027, further states the research report, “China Diesel Generator Market Analysis, 2022.”
Industrial & Construction Sector to Boost the Demand for Diesel Generators across China through 2027
Amongst all End-Users, the Industrial & Construction sector is delivering significant growth opportunities to the diesel generator market in China. It attributes to the massive support from the government through favorable policies & substantial investments for the development & expansion of the industrial sector in the country, i.e., displaying the growing establishment of companies and surging the demand for diesel generators for an uninterrupted flow of power across them.
In line with growing infrastructural developments, the number of construction projects is escalating swiftly and instigating the leading market players to expand their production & distribution capacities to meet the burgeoning end-user requirements for diesel generators.
Moreover, industries like the Healthcare sector are prominent consumers of diesel generators owing to the critical need for power backup, especially during emergencies like power outages & grid failures, to run medical equipment. It is another prominent aspect projected to boost the demand for diesel generators in China and propel the overall market growth through 2027, reveals MarkNtel Advisors in their research report, "China Diesel Generator Market Analysis, 2022."
The leading players in the China Diesel Generator Market are Caterpillar Inc., Cummins, AB Volvo Penta, Perkins, MTU Aero Engines, Doosan Corporation, Generac Holding Inc., Mitsubishi Corporation, Scania, and FG Wilson.
Key Questions Answered in the Research Report