Australia Diesel Genset Market Outlook (2023-2029) Share, Value, Size, Analysis, Trends, Revenue, Companies, Growth, Industry, Forecast & COVID-19 Impact:Market Forecast By KVA Ratings, By Vehicles, By Region and Competitive Landscape

Australia Diesel Genset Market Synopsis

During 2019-22, Australia diesel genset market witnessed a remarkable upsurge, primarily propelled by the flourishing mining sector and the surging prices of metals, notably iron ore. Notably, in the 2019-20 period, the mining industry contributed a substantial 4.9% to the nation's GDP, firmly establishing itself as the preeminent sector, commanding a notable 10.4% share of the entire national economy. Regrettably, the pandemic's emergence prompted a transient downturn in diesel genset sales, a consequence of the suspension of industrial activities aimed at mitigating its impact.
According to this research, Australia diesel genset market size is projected to shrink at a CAGR of 4% during 2023-2029. Australia diesel genset market is poised for significant expansion, driven by several key factors. The thriving mining industry, exemplified by a remarkable Gross Value Added of 283.2 in 2022, stands as a compelling driver of this growth. Additionally, the manufacturing sector has displayed robust performance, witnessing a substantial rise from $107.8 billion in 2021 to $124.2 billion in 2022, a surge buoyed by government incentives and substantial investments in infrastructure. Furthermore, Australia is currently in the midst of a substantial construction boom, with an impressive lineup of infrastructure projects totaling approximately $647 billion, all slated for completion by 2026. This staggering sum represents a substantial 57% share of the nation's construction market for this period. As these ambitious projects advance, the demand for diesel gensets is poised to experience a significant surge, playing a vital role as indispensable power backup solutions to guarantee seamless and uninterrupted operations.

Market by kVA Ratings

Diesel gensets with a rating above 1000 KVA maintained their strong grip in 2022, and this robust trend is poised to endure in the forecast period. This enduring dominance can be chiefly attributed to the substantial demand emanating from the mining sector and the burgeoning number of manufacturing facilities.

Market by Vehicles

In 2022, the mining sector was the primary contributor to the Australian diesel genset market's revenue. Australia's global prominence in mining, with extensive mineral reserves including iron ore, zinc, nickel, and cobalt, played a pivotal role. The sector's significant growth was further supported by a notable 50% year-over-year increase in drilling activity across all commodities in 2021.

Market by Region

In 2022, Queensland led Australia diesel genset market due to its vital role in the economy, driven by agriculture, construction, mining, and tourism. New South Wales and Victoria closely followed, fueled by growing mining and industrial developments, promising future growth for the diesel genset industry.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Australia Diesel Genset Market Overview
• Australia Diesel Genset Market Outlook
• Australia Diesel Genset Market Forecast
• Historical Data and Forecast of Australia Diesel Genset Market Revenues for the Period 2019-2029F
• Historical Data and Forecast of Market Revenues and Volume, By kVA Ratings, for the Period 2019-2029F
• Historical Data and Forecast of Market Revenues and Volume, By Verticals, for the Period 2019-2029F
• Historical Data and Forecast of Market Revenues, By Regions, for the Period 2019-2029F
• Market Drivers and Restraints
• Australia Diesel Genset Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Australia Diesel Genset Market Share, By Companies
• Australia Diesel Genset Market COVID-19 Impact Analysis
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By kVA Ratings

• Up to 75 KVA
• 75.1 KVA - 375 KVA
• 375.1 KVA - 750 KVA
• 750.1 KVA - 1000 KVA
• Above 1000 KVA

By Vehicles

• Residential
• Telecommunications
• Manufacturing
• Mining
• Construction
• Hospitality
• Commercial/Service Sector
• Power Utilities
• Others (Events & Entertainment, Agriculture, Oil & Gas, Government and Defence)

By Region

• New South Wales
• Queensland
• Victoria
• Tasmania
• Northern Territory
• Southern Australia
• Western Australia