According to Cognitive Market Research, the global Diesel Generating Sets market size was USD 20154.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.90% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 8061.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6046.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4635.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1007.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 403.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
The portable category is the fastest growing segment of the Diesel Generating Sets industry
