The diesel genset market will grow at a rate of 6% in the years to come, for reaching USD 21,929.9 million by 2030. This industry growth has a lot to do with the increasing requirement for stationery and emergency power backup in oil & gas, marine, manufacturing, construction, telecom, healthcare, and automotive.

Backup power had the larger size in the industry. The main reason for this was the increasing installations of diesel gensets as a source of backup power in individual houses, data centers, housing societies, retail outlets, telecom towers, manufacturing plants, and hospitality establishments. 

The requirement for these gensets will increase to rise in the years to come because of the increase in the number of construction projects and operations of manufacturing.

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The snowballing consumption and creation of data have led to the expansion of data centers as supportive infra to for storing and analyzing the data and offer related services. 

Also, the progressions in technology, for example autonomous cars and the increasing uses of IoT, digital currencies, and cloud computing will create the necessity for more data centers, which, would power the requirement for diesel gensets for serving prime and auxiliary power needs at these installations.

It is because of the increasing number of data centers all over the world, the demand for diesel gensets will continue to grow in the years to come.