Japan Diesel Generator Set Market Analysis by Trends, Size, Share,...

Japan Diesel Generator Set Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

Postado 2023-11-06 06:37:17

In 2021, the Japanese diesel generator set market had a total size of around USD 1,120 million, and it is projected to hit approximately USD 1,816 million by 2030, progressing at a rate of 5.5% from 2021 to 2030, according to a research report by a market research company P&S Intelligence.

This growth can be ascribed to the surge in the city populace and the high occurrence of power outages faced by a vast portion of the population of the country, because of natural disasters.

Japan is one of the most densely populated countries throughout the globe. Among its 47 states, only seven have less than 1 million populaces. As per the World Bank, the city populace of the nation amplified from 90.8% of the total in 2010 to 91.8% in 2020.

Based on power rating, the above 750 kVA category had the largest share in the market and is estimated to develop at a CAGR, of 4.6%, in the coming years. The requirement for such generators mainly rises for applications in the commercial and industrial sector, which consumes about 70%, of electricity in Japan.

the commercial category generated the largest revenue share in the Japanese diesel generator set market and is projected to grow at a CAGR of 5.7% in the coming years. In the past decade, corporate establishments in the country have been determinedly concentrated on the future, as they settled their industries for long-term vision. In comparison to 2020, both the hotel and retail market are increasing, because of the local company divestitures meant to boost the industry.

Browse detailed report - Japan Diesel Generator Set Market Analysis and Demand Forecast Report

This creates a further step ahead in the Isuzu Cummins Powertrain Partnership (ICPP). Through this partnership, the two administrations have been intricate in estimating and carrying out opportunities to create new diesel and different powertrains.

Hence, the surge in the city populace and the high occurrence of power outages faced by a vast portion of the population of the country, because of natural disasters, are the major reasons behind the growth of the Japanese diesel generator set industry.