Australia Diesel Generator Set Market Overview
In recent times, increasing usage of diesel generator sets in the mining sector of Australia is boosting the Australian diesel generator set market growth. Since mining sites in the country are at remote locations, wherein there is no grid connectivity, diesel gensets serve as a solution for power generation required for mining purpose. With the growth in the mining sector, the demand for diesel generator sets in the country is witnessing a rise in order to provide continuous power supply at remote locations.
The Australian diesel generator set market is categorized into 5 kVA–75 kVA, 75 kVA–375 kVA, 375 kVA–750 kVA, and above 750 kVA, on the basis of power rating. Of these, the 5 kVA–75 kVA category is projected to account for the largest share throughout forecast period. 5 kVA–75 kVA diesel generator sets have high preference for adoption in commercial spaces, such as educational institutes, shopping complexes, charging stations, telecom towers, retail establishments, and offices, on account of their suitability to serve the purpose of emergency electricity supply.
The Australian diesel generator set market is categorized, on the basis of application, into residential, commercial, and industrial. Amongst these, the commercial category is expected to account for significant demand for diesel generator sets during the forecast period. This can be majorly attributed to the high demand for diesel generator sets from commercial establishments, such as offices, malls, small-scale industrial facilities, and several other complexes, in order to provide uninterrupted power supply for smooth operations. Owing to this, the usage of diesel gensets from the commercial sector is projected to grow during the forecast period.
Australia Diesel Generator Set Market Dynamics
Drivers
With the growth in the tourism sector in Australia, the demand for diesel gensets has witnessed a rise from hotels, restaurants, malls, commercial complexes, and theme parks, among several other facilities. Additionally, increasing footfall of international tourists in the country is expected to further propel the demand for diesel generator sets. For instance, the international passengers’ footfall in Australia in 2019 stood at nearly 9.4 million, which was increased by 2.4% from 2018 (9.2 million). Therefore, such factors are expected to drive the diesel generator set market in Australia in coming years.
Restraints
Shift toward electricity generation through renewable sources, such as solar energy, is likely to restrain the Australian diesel generator set market. Additionally, strong support by the government to achieve renewable energy targets of the country is further likely to curtail the demand for diesel generator sets. Additionally, the country aims to achieve 50% renewable electricity by 2030 without new federal energy policies. Therefore, such factors are likely to impact the market growth to a certain extent in coming years.
Australia Diesel Generator Set Market Competitive Landscape
Some of the companies operating in the Australian diesel generator set market in the country are Genpower Australia, Eniquest, Advanced Power, Kubota Australia, and Generac Power Systems, among several others.
The study provides the historical as well the forecast market size for the diesel generator set market in Australia.
Australia Diesel Generator Set Market Size Breakdown by Segment
The Australia diesel generator set market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Power Rating
- 5 kVA–75 kVA
- 75 kVA–375 kVA
- 375 kVA–750 kVA
- Above 750 kVA
Based on Power Requirement
Based on Application
- Residential
- Commercial
- Industrial
