The global diesel generator market size was valued at USD 16.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2020 to 2027. Increasing demand for uninterrupted and reliable power supply from the end-use segments, such as manufacturing and construction, power generation, telecom, oil and gas, marine, residential, chemical, and healthcare, is anticipated to propel the market growth over the forecast period. Continuous population growth, rapid industrialization, and infrastructure development are among the significant factors influencing electricity demand globally. Growing usage of electronically operated equipment has resulted in increasing demand for generators in order to prevent sudden stoppage of electricity supply during power outages and disruption of daily business activities.
https://www.grandviewresearch.com/industry-analysis/diesel-gensets-industry
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