Growing construction activities, strengthening of oil & gas sector as well as rising investment in the tourism sector across several Central Asian countries such as Kyrgyzstan, Uzbekistan and Kazakhstan would be the key drivers behind the growth of the Central Asia diesel genset market. Furthermore, efforts being made to rejuvenate several economies would lead to growth in their non-oil sectors such as manufacturing and construction. This would upsurge the demand for diesel gensets in these verticals and help the market to witness a healthy growth during the forecast period.
According to 6Wresearch, Central Asia diesel genset market size is projected to grow at a CAGR of 3.2% during 2019-25F. Several sectoral reforms and continuously surging investment by the regional government for revitalization of non-petroleum sectors to achieve economic diversification would drive growth of the manufacturing, industrial and hospitality sectors in the region. This would lead to growth in demand for steady power supply in such domains, thereby driving the Central Asia diesel genset market during the forecast period.
According to Priya Sharma, Senior Research Analyst, 6Wresearch, "The industrial application segment of diesel gensets would witness further growth due to strengthening of the oil & gas sector in the region. Several Central Asian countries such as Kazakhstan, Turkmenistan and Uzbekistan are developing and investing billions of dollars in the construction and modernization of new oil refining and petrochemical facilities, which would subsequently increase the demand for diesel gensets in the segment."
According to Prateek Gupta, Research Associate, 6Wresearch, "Kazakhstan held the highest market revenue share in the Central Asia diesel genset market in 2018 owing to the expansion of manufacturing and commercial sectors in the country."
Some of the prominent companies in the Central Asia diesel genset market include - Caterpillar, Cummins, AKSA, Kohler-SDMO, Himoinsa, and FG Wilson.
"Central Asia Diesel Genset Market (2019-2025)" report provides an in-depth analysis with 246 figures and 11 tables, covered in more than 265 pages. The report estimates and forecast the overall Central Asia diesel genset market by revenue, volume and verticals such as residential, industrial, commercial and infrastructure. The report also offer insights on competitive landscape, company profiles, market drivers and restraints.