Energia
Indonesia Diesel Genset Market to Hit $504.5 Million Value by 2030, says P&S Intelligence
During the COVID-19 pandemic, diesel genset sales dropped massively in the country because of the closure of major industrial and commercial spaces and challenges in the import of these systems and their components. However, as the lockdowns have now been lifted, economic activity is resurging. Moreover, on January 12, 2022 , the country lifted the ban on the arrival of people from overseas, which is a positive sign for its tourism sector.
This presents major opportunities for key Indonesian diesel genset market players, such as Cummins Inc., DEUTZ AG, Caterpillar Inc., Doosan Heavy Industries & Construction Co. Ltd., Mitsubishi Heavy Industries Ltd., KOHLER Co., Rolls-Royce plc, Aksa Power Generation, and Yanmar Holdings Co. Ltd. Anticipating the eventual reopening of the economy, many of them had already started launching new products in 2021.
- Geographically, the Asia-Pacific diesel generator set market accounted for the largest share in 2019, due to the large number of installation of low-power gensets in telecom towers, rise in construction activities, and largescale adoption of these systems in the residential and commercial industries in the region.
- The U.S. diesel generator set market will grow at a 7.2% CAGR between 2020 and 2030, to reach $3,797.6 million by 2030 from $2,187.4 million in 2019.
- The Indian diesel genset market value stood at $816.0 million in 2021, and it is predicted to surge to $1,831.2 million by 2030. The market will progress at a CAGR of 9.4% from 2021 to 2030.
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar
P&S Intelligence
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