The market size volume for generator sets with compression-ignition internal combustion piston engines under 75 kVA in Croatia increased gradually from 600 in 2013 to 752 in 2023. The market displayed fluctuations, such as a decline in 2015 and 2020, and growth in years like 2014, 2017, 2021, and 2023. In 2023, the market stood at 752, representing a minor growth of 1.62% from 2022. The compound annual growth rate (CAGR) over the last five years was 1.44%, indicating steady but modest growth.
Future trends to watch for include:
- Increasing demand for backup power in residential and commercial sectors.
- Technology advancements improving fuel efficiency and emissions compliance.
- Potential regulatory influences impacting engine standards and emission norms.
- Emerging renewable energy sources could affect the market dynamics.
Latest reports
US AC-DC Power Supplies Market Report- Q1 2025
In the first quarter of 2025, the AC-DC power supplies market in the United States is navigating a complex landscape characterized by technological...
UK AC-DC Power Supplies Market Report- Q1 2025
The UK AC-DC Power Supplies Market in Q1 2025 is poised for significant developments, driven by technological advancements, evolving consumer demands, and regulatory...
