Analysis on the development trend of diesel generator sets in the world

    Through an in-depth understanding of the international market of the diesel generator set industry, we found that the overall market demand is showing a continuous upward trend. As one of the well-known domestic diesel generator set manufacturers, Yuchai believes that if diesel generator set companies want to achieve sustainable development, they cannot be limited to the domestic market, but should be based on the international market. Judging from the development of the international market for diesel generator sets in recent years, it is mainly divided into traditional markets and emerging markets.
     The traditional market mainly refers to Europe and North America. The European and American markets are the world's largest diesel generator set markets, and the main driving force of the market comes from the booming IT technology, telecommunications fields and some EU subsidies. Future demand will mainly come from three aspects:
     1. The rapid development of the IT industry has led to a huge demand for generators in data centers;
     2. The market benefits from unstable power grids, and ensuring the reliability of the power grid has become the government's top priority;
     3. Commercial and industrial development remains the main driving force. Newly built commercial buildings, office buildings, hospitals and industrial institutions require backup power supplies, and the construction process will also generate electricity demand. The demand in the traditional European and American markets has remained basically stable, and there are not many new markets, which mainly rely on the growth brought by the annual replacement of its high number of diesel generator sets.

Emerging markets mainly include the Middle East and Africa, Southeast Asia and Oceania, South America, etc. The demand in the Middle East and Africa mainly comes from the power supply gap caused by infrastructure construction, oil exploration industry and imperfect power facilities; the region has huge economic potential. With the increase in population and economic growth, there is a huge demand for electricity and public facilities. It is also a major oil production area, and the cost of using generator sets is lower. Therefore, there is a relatively large demand for diesel generator sets. The regional market compound growth rate is expected to reach about 7%.
     In summary, the future development space of the diesel generator set industry is still very broad. In recent years, our company has been actively collecting and absorbing advanced technologies and products at home and abroad, and constantly updating products in order to maximize the satisfaction of domestic and foreign market demand and improve the core competitiveness of the enterprise.