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Market Definition
Diesel generators are the primary sources of energy for many end-user sectors like Residential, Mining, Oil & Gas, Industrial & Construction, Telecom, etc., at times of power outages, grid failures, or emergency power supply requirements. These generators are gaining swift traction across China and are witnessing increasing deployment in multiple applications.
Market Insights
The China Diesel Generator Market is projected to grow at a CAGR of around 9% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the burgeoning requirements of the swiftly expanding industrial sector of China for an uninterrupted power supply. In addition, the increasing construction projects for infrastructural developments is another prominent aspect surging the demand for a stable electricity flow and augmenting the demand for diesel generators in the country.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 9% |
| Key Companies Profiled | Caterpillar Inc., Cummins, AB Volvo Penta, Perkins, MTU Aero Engines, Doosan Corporation, Generac Holding Inc., Mitsubishi Corporation, Scania, FG Wilson |
| Unit Denominations | USD Million/Billion |
Besides, favorable policies by the government are instigating the leading players to bring technological innovations in diesel generators and expand their scalability both locally & internationally, which, in turn, would propel the overall market growth through 2027.
Moreover, since the ownership of diesel generators can be expensive for contractors, several leading players in the market are offering rental services for these gensets and gaining swift momentum across the country. It, in turn, is displaying significant cost-effectiveness for the consumers, along with profitable prospects for the rental service providers. As these services are becoming an emerging trend in China, the overall market is likely to witness substantial growth over the forecast years.
Impact of Covid-19 on the China Diesel Generator Market
China, the epicenter of the Covid-19 pandemic that emerged in 2020, catastrophically impacted most industries, and the Diesel Generator Market was no exception. Owing to the severity of the pandemic, the government imposed stringent movement restrictions & lockdowns to curb the spread of this dreadful disease. As a result, the market witnessed several unprecedented challenges associated with the production & distribution of gensets across the country amidst the crisis.
The leading players in the market faced massive financial losses due to supply chain disruptions, unavailability of raw materials & labor, and reduced demand due to the shutdown of industries, construction projects, & commercial sectors, among others. However, on the other hand, the demand for gensets witnessed a temporary hike due to the continued requirement across the healthcare sector, which enabled Diesel Genset manufacturers to sustain the market.
Since the healthcare sector was under immense pressure owing to the exponentially rising number of Covid patients, the need to run several machines and equipment surged the demand for an uninterrupted energy flow and, in turn, fueled the demand for diesel generators. In addition to this, as people adopted work from home policies, the need for diesel generators escalated across the residential sectors as a primary source of power backup during grid failures & power outages to run home appliances.
Consequently, the market displayed an upswing and generated growth opportunities for the leading players to enhance their production & distribution capacities to meet the burgeoning consumer demand. Hence, with the gradual improvement in the pandemic, the government of China uplifted the restrictions & allowed the recommencement of business operations, which, in turn, stimulated the overall market growth and projected its usual growth pace in the coming years.
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Macroeconomic Outlook
5. China Diesel Generator Industry Outlook, 2017-2027
5.1. Market Size & Analysis
5.1.1. Revenues
5.1.2. Units Sold
5.2. Market Share & Analysis
5.2.1. By KVA Rating
5.2.1.1. Upto 30 kW
5.2.1.2. 30.1 to 60 kW
5.2.1.3. 60.1 to 150 kW
5.2.1.4. 150.1 to 300 kW
5.2.1.5. 300.1 to 500 kW
5.2.1.6. 500.1 to 1,000 kW
5.2.1.7. Above 1,000 kW
5.2.2. By Type
5.2.2.1. Stand By
5.2.2.2. Prime & Continuous Power
5.2.2.3. Peak Shaving
5.2.3. By End Users
5.2.3.1. Residential
5.2.3.2. Mining
5.2.3.3. Oil & Gas
5.2.3.4. Industrial & Construction
5.2.3.5. Telecom
5.2.3.6. Others
5.2.4. By Region
5.2.4.1. North
5.2.4.2. North West
5.2.4.3. North East
5.2.4.4. South
5.2.4.5. South West
5.2.4.6. East
5.2.4.7. Central
5.2.5. By Company
5.2.5.1. Revenue Shares
5.2.5.2. Strategic Factorial Indexing
5.2.5.3. Competitor Placement in MarkNtel Quadrant
6. Upto 30 kW Diesel Generator Industry Outlook, 2017-2027
6.1. Market Size & Analysis
6.1.1. Revenues
6.1.2. Units Sold
6.2. Market Share & Analysis
6.2.1. By Type
6.2.2. By End Users
6.2.3. By Region
7. 30.1 to 60 kW Diesel Generator Industry Outlook, 2017-2027
7.1. Market Size & Analysis
7.1.1. Revenues
7.1.2. Units Sold
7.2. Market Share & Analysis
7.2.1. By Type
7.2.2. By End Users
7.2.3. By Region
8. 60.1 to 150 kW Diesel Generator Industry Outlook, 2017-2027
8.1. Market Size & Analysis
8.1.1. Revenues
8.1.2. Units Sold
8.2. Market Share & Analysis
8.2.1. By Type
8.2.2. By End Users
8.2.3. By Region
9. 150.1 to 300 kW Diesel Generator Industry Outlook, 2017-2027
9.1. Market Size & Analysis
9.1.1. Revenues
9.1.2. Units Sold
9.2. Market Share & Analysis
9.2.1. By Type
9.2.2. By End Users
9.2.3. By Region
10. 300.1 kW to 500 kW Diesel Generator Industry Outlook, 2017-2027
10.1.Market Size & Analysis
10.1.1. Revenues
10.1.2. Units Sold
10.2.Market Share & Analysis
10.2.1. By Type
10.2.2. By End Users
10.2.3. By Region
11. 500 kW to 1,000 kW Diesel Generator Industry Outlook, 2017-2027
11.1.Market Size & Analysis
11.1.1. Revenues
11.1.2. Units Sold
11.2.Market Share & Analysis
11.2.1. By Type
11.2.2. By End Users
11.2.3. By Region
12. Above 1,000 kW Diesel Generator Industry Outlook, 2017-2027
12.1.Market Size & Analysis
12.1.1. Revenues
12.1.2. Units Sold
12.2.Market Share & Analysis
12.2.1. By Type
12.2.2. By End Users
12.2.3. By Region
13. China Diesel Generator Industry Policy & Regulations
14. China Diesel Generator Industry Trends & Development
15. China Diesel Generator Industry Dynamics
15.1.Drivers
15.2.Challenges
15.3.Impact Analysis
16. China Diesel Generator Industry Sales & Distribution Channel Analysis
17. China Diesel Generator Industry, Customer Survey
17.1.Customer Priorities
17.2.Expectations from Vendors
17.3.Brand Awareness
17.4.Price Neutrality
17.5.Current Brand Satisfaction Level
18. China Diesel Generator Industry Vendor Selection Criteria
19. China Diesel Generator Industry Porters Five Forces Analysis
20. China Diesel Generator Industry Growth Opportunities & Hotspots
21. China Diesel Generator Industry Key Strategic Imperatives for Growth & Success
22. Competitive Benchmarking
22.1.Competition Matrix
22.1.1. Product Portfolio
22.1.2. Target Markets
22.1.3. Target End Users
22.1.4. Research & Development
22.1.5. Strategic Alliances
22.2.Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
22.2.1. Caterpillar Inc.
22.2.2. Cummins
22.2.3. AB Volvo Penta
22.2.4. Perkins
22.2.5. MTU Aero Engines
22.2.6. Doosan Corporation
22.2.7. Generac Holding Inc.
22.2.8. Mitsubishi Corporation
22.2.9. Scania
22.2.10. FG Wilson
23. Disclaimer
