However, the segment may lose its share to the residential and industrial sectors on account of rapid urbanization across various emerging regions. This factor is projected to boost the commercial segment in near future.
Regional Insights Asia Pacific is considered as the largest regional market. Diesel engines used nowadays are more reliable and have low-cost maintenance as compared to the gas generators.
Increase in need of power backup facility, growth in demand for low-cost and diesel-fueled generators, increase in preference for natural gas-fueled generators, and rise in awareness of portable generators drive the market.
The market share that each region holds, alongside the growth prospects of the region, in consort with the growth rate that every topography is projected to register over the forecast period have been delivered in the Diesel Generators market report.
As a source of emergency, these gensets are commonly used in various applications, however, they are facing increasing competition from natural gas generators in certain markets. While budget, green credentials and other factors contribute to the choice of generator, the primary objective is that it provides power when needed, and none offer the reliability of diesel generators.