Analysis of development trend of diesel generator sets in global regions

Through an in-depth understanding of the international market of the diesel generator industry, we found that the overall market demand continues to rise. As one of the well-known manufacturers of diesel generator sets in China, Yuchai believes that diesel generator sets want to achieve sustainable development and should not only be limited to the domestic market, but should be based on the international market. Judging from the development of the international market of diesel generator sets in recent years, it is mainly divided into traditional markets and emerging markets.
  The traditional market mainly refers to the European and North American regions. The European and American markets are the world's largest diesel generator set market, and the market's main driving force comes from the booming IT technology, telecommunications sector and some EU subsidies. Future needs come mainly from three aspects:
  1. The rapid development of the IT industry has led to huge demand for generator sets in data centers;
  2. The market benefits from an unstable grid, ensuring the reliability of the grid has become the government's top priority;
  3. Commercial and industrial development remains the main driver. Newly established commercial buildings, office buildings, hospitals and industrial institutions require backup power, and the construction process also generates electricity demand. The demand in the traditional European and American markets has remained basically stable, and there are not many new markets. It relies mainly on the growth of the high-insurance of diesel generator sets.

Emerging markets mainly include the Middle East and Africa, Southeast Asia and Oceania, and South America. Demand in the Middle East and Africa is mainly due to the power supply gap caused by infrastructure construction, oil exploration industry and imperfect power facilities; the region has huge economic potential, and with the increase of population and economic growth, it will generate electricity and public facilities. Huge demand, and it is the main oil production area, the use of generator sets machine costs are lower, so the demand for diesel generator sets is relatively large, the regional market compound growth rate is expected to reach about 7%.
  In summary, the future development of the diesel generator industry is still very broad. In recent years, our company has been actively collecting and absorbing domestic and foreign advanced technology and advanced products, and constantly upgrading its products in order to maximize the satisfaction of domestic and international market demand and improve the core competitiveness of enterprises.