Market Forecast By KVA Rating (5 KVA-75 KVA, 75.1 KVA-375 KVA, 375.1 KVA-750 KVA, 750.1 KVA-1000 KVA And Above 1000 KVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Regions (Eastern, Northern, Western And Southern) And Competitive Landscape
|Product Code: ETC090021
|Publication Date: Dec 2023
|Updated Date: Dec 2023
|Product Type: Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
Japan Diesel Genset Market report thoroughly covers the market by KVA rating and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Japan Diesel Genset Market is expected to grow in the forecast period on the account of the increasing demand for backup power solutions for critical infrastructure, such as data centres and hospitals, is driving the growth of the Japan diesel genset market. Natural calamities disrupt power supply in the country, making diesel gensets a reliable backup power source. Additionally, ongoing infrastructural development in transportation and commercial sectors is driving the growth of the market. For instance, the government's efforts to develop smart cities and construct channel tunnel projects require significant electricity, necessitating the use of diesel gensets.
According to 6Wresearch, the Japan Diesel Genset Market size is projected to grow at the CAGR of 5.88 % during the forecast period of 2024-2030. The growth of the Japan diesel genset market is also driven by technological advancements. The increasing need for energy-efficient engines has led to the development of cleaner and more fuel-efficient diesel gensets that reduce fuel consumption, noise levels, and emissions. This factor has propelled wide-scale usage of diesel gensets in households and small businesses, increasing their market share. The rising demand for backup power, growth in the construction industry, and the need for uninterrupted power supply in the IT industry are the major drivers of the Japan diesel genset market. The increasing number of natural disasters such as earthquakes and typhoons in Japan has led to a growing demand for diesel gensets for backup power. The growth in the construction industry in Japan has increased the demand for diesel gensets as they provide a reliable source of power on construction sites. The IT industry requires uninterrupted power supply to keep their business up and running, and diesel gensets are used as backup power in case of power outages. There are certain challenges present in the Japan Diesel Genset Industry. The high cost of diesel gensets and the increasing adoption of renewable energy sources are the major challenges faced by the Japan diesel genset market. The high cost of diesel gensets limits their adoption, especially by small and medium-sized businesses. The increasing adoption of renewable energy sources such as solar and wind energy in Japan is a threat to diesel gensets as they provide a greener and cost-effective source of energy.
The Japanese government is promoting the use of renewable energy sources such as solar and wind energy to reduce the country's dependence on fossil fuels. The government has set a target of achieving a 22-24% reduction in greenhouse gas emissions by 2030. The government is also providing subsidies to promote the installation of diesel gensets that comply with the latest emission regulations and it has accelerated Japan Diesel Genset Market Growth.
The key players in the Diesel genset market in Japan are Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries Ltd., Kirloskar Oil Engines Limited, Kohler Co., JFE Engineering Corporation, Yanmar Co. Ltd., Daihatsu Diesel Mfg. Co. Ltd., and MTU Onsite Energy GmbH.
According to Shivankar, Research Manager, 6Wresearch, the 5kVA to 75kVA diesel genset segment is expected to see high growth due to its wide range of applications. These low-power gensets are useful in residential areas, offices, restaurants, and small businesses. Moreover, advances in technology have made them more efficient, quieter, and durable, which has further increased their popularity. In the last decade, this segment has grown at a CAGR of over 4%, and with increased demand predicted, its growth rate is expected to double in the next few years.
The Japan diesel genset market can also be segmented by applications into residential, commercial, industrial, and transportation & public infrastructure. The commercial segment is expected to increase the Japan Diesel Genset Market Share during the forecast period due to the increasing demand for diesel gensets in hotels, malls, data centres, and other commercial establishments. The industrial segment is also expected to witness significant growth due to the growing demand for power backup solutions in manufacturing industries. The transportation & public infrastructure segment is expected to have moderate growth due to the increasing adoption of diesel gensets in transport terminals and other public infrastructure.
The report offers a comprehensive study of the subsequent market segments:
|1 Executive Summary
|2.1 Key Highlights of the Report
|2.2 Report Description
|2.3 Market Scope & Segmentation
|2.4 Research Methodology
|3 Japan Diesel Genset Market Overview
|3.1 Japan Country Macro Economic Indicators
|3.2 Japan Diesel Genset Market Revenues & Volume, 2020 & 2030F
|3.3 Japan Diesel Genset Market- Industry Life Cycle
|3.4 Japan Diesel Genset Market- Porter's Five Forces
|3.5 Japan Diesel Genset Market Revenues & Volume Share, By KVA rating , 2023 & 2030F
|3.6 Japan Diesel Genset Market Revenues & Volume Share, By Application 2023 & 2030F
|4 Japan Diesel Genset Market Dynamics
|4.1 Impact Analysis
|4.2 Market Drivers
|4.3 Market Restraints
|5 Japan Diesel Genset Market Trends
|6. Japan Diesel Genset Market, By KVA Ratings
|6.1 Japan Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2020 & 2030F
|6.2 Japan Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2020 & 2030F
|6.3 Japan Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2020 & 2030F
|6.3 Japan Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2020 & 2030F
|6.3 Japan Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2020 & 2030F
|7 Japan Diesel Genset Market, By Application
|7.1 Japan Diesel Genset Market Revenues & Volume, By Residential, 2020 & 2030F
|7.2 Japan Diesel Genset Market Revenues & Volume, By Commercial, 2020 & 2030F
|7.3 Japan Diesel Genset Market Revenues & Volume, By Industrial, 2020 & 2030F
|7.3 Japan Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2020 & 2030F
|8 Japan Diesel Genset Market Import-Export Trade Statistics
|8.1 Japan Diesel Genset Market Export to Major Countries
|8.2 Japan Diesel Genset Market Imports from Major Countries
|9 Japan Diesel Genset Market Key Performance Indicators
|10 Japan Diesel Genset Market- Opportunity Assessment
|10.1 Japan Diesel Genset Market Opportunity Assessment, By KVA rating , 2030
|10.2 Japan Diesel Genset Market Opportunity Assessment, By Application, 2030
|11 Japan Diesel Genset Market- Competitive Landscape
|11.1 Japan Diesel Genset Market Revenue Share, By Companies, 2023
|11.2 Japan Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters
|12 Company Profiles
Market Forecast By KVA (5 - 75 KVA, 75.1 - 375 KVA, 375.1 - 750 KVA, 750.1 - 1000 KVA, Above 1000 KVA), By Application (Residential, Commercial , Industrial, Transportation & Public Infrastructure) And Competitive Landscape
|Product Code: ETC090021
|Publication Date: Aug 2021
|Product Type: Market Research Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
In the year 2021, USA was the largest exporter in terms of value, followed by Germany. It has registered a growth of 208.86% over the previous year. While Germany registered a growth of 7.01% as compare to the previous year. In the year 2017 Korea was the largest exporter followed by China. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Japan has the Herfindahl index of 2328 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 3790 which signifies high concentration in the market.
Japan Diesel Genset Market report comprehensively covers the market by kVA ratings and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Japan Diesel Genset (Generator) Market Synopsis
Japan Diesel Generator Market is expected to gain momentum during the upcoming period owing to the increasing electricity outages. The rising development of infrastructure coupled with growing construction sector is driving the development of the market. Increasing number of banks and data centers that ensure multiple power backup options to avoid hindrance of work beholds the increasing growth of the Diesel Genset Market. Additionally, the government’s increasing efforts to develop the infrastructure is boosting the growth of the market.
According to 6Wresearch, Japan Diesel Genset Market size is projected to grow at a CAGR of 3.1% during 2021-2027. Japan occupies 3rd position in terms of the market size in the APAC Diesel Genset Market. Expansion of residential, commercial and industrial sector coupled with growing urbanization is driving the need for increased power supply further beholds the development of the market. Ease of availability of fossil fuels is also one of the key factor driving the growth of the market. However, the market growth is hampered by the nationwide lockdown. The outburst of COVID-19 led to the disruption in supply chain further added to the negative growth of the market.
Market Analysis by Kva Ratings
In terms of market by kva ratings, 375.1KVA-750KVA dominates the market and is expected to remain in a dominant position in the coming years. However, Above 1000KVA rating is expected to have the fastest growth rate among all ratings.
In terms of application, the Commercial segment dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all applications.
Key Attractiveness of the Report
Key Highlights of the Report:
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments: