The market size for generator sets with compression-ignition internal combustion piston engines under 75 kVA in Croatia reached a volume of 752 units in 2023. Over the past decade, the market experienced fluctuations with notable growth in 2021 and moderate increases in the subsequent years. The year-on-year growth for 2022 and 2023 stood at 1.65% and 1.62%, respectively, while the five-year compound annual growth rate (CAGR) was 1.44%, indicating gradual recovery and demand stabilization.
Future trends to watch for include:
- Continued innovation in fuel efficiency and emission reductions could drive demand.
- Increasing interest in renewable energy integration could impact market dynamics.
- Government policies supporting sustainable energy alternatives may alter the market landscape.
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