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BLOG > June 2024 > '24 Diesel Generator Market Report Predicts $40.8B Global, $6.6B USA By 2030

'24 Diesel Generator Market Report Predicts $40.8B Global, $6.6B USA By 2030

Generator Industry Predicted To Continue To Grow Given All The Changes Our Power Grid Faces

The 2024 Global Diesel Generators Market Report predicts a 63.2% increase from 2023 to 2030 as the world will need more generators to keep business humming as usual.90132-Kohler-750-KW-4-(Custom).jpg

The global market for diesel generators is estimated at $25 Billion (US) in the year 2023 and is projected to reach a revised size of $40.8 Billion (US) by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% over the analysis period 2023-2030, according to Research and Markets out of Dublin, Ireland.
When glancing at low power diesel generators, one of the segments analyzed in the report is expected to record 5.7% CAGR and reach $18.5B by the end of the analysis period. Growth in the medium power diesel generators segment is estimated at 6.2% CAGR for the next eight-year period.

The U.S. Market is estimated at $6.6B, while China is forecast to grow at 9.3% CAGR. Among the other noteworthy geographic markets are Japan and Canada, each forecasted to grow at 3.2% and 5.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately a 3.8% CAGR.

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Brian La Rue | 6/12/2024 2:06:02 PM | 0 comments
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