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Home ➤ Automotive and Transportation ➤ Automotive components ➤ Diesel Generator Market
Diesel Generator Market

Diesel Generator Market

Published date: May 2021 • Formats:
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  • Home ➤ Automotive and Transportation ➤ Automotive components ➤ Diesel Generator Market

Global Diesel Generator Market by Power Rating (Low Power Generator, Medium Power Generator and High Power Generator), By Application (Industrial, Commercial and Residential), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

  • Published date: May 2021
  • Report ID: 22188
  • Number of Pages: 227
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Sample
  • Report Overview

    The Diesel Generator Market size is expected to be worth around USD 43959.06 million by 2032 from USD 18740 million in 2022, growing at a CAGR of 9% during the forecast period from 2023 to 2032.

    The demand for more energy is outpacing the supply. Constant population growth and infrastructure development are driving the increasing demand for energy. The advantages of diesel generators include lower fuel consumption and operating costs. The diesel generator market is popular in developing regions, especially the Asia Pacific. It has many disadvantages, including noise pollution and emission. According to the World Nuclear Association (WNA), the future trends in electricity demand are expected double current consumption. According to the U.S. Department of Energy Solar energy will be the best available energy source.

    diesel generator market region

    Global Diesel Generator Market Scope:

    Power Rating analysis

    A wide variety of applications for low-power generators in commercial and residential markets resulted in a substantial market share of 44.50% by 2021. Generators that have a power output below 80kW are used for backup in residential homes. The devices like water pumps, water purifiers AC units, geysers, and other household appliances. These generators are also expected to have a significant impact on the growth of product demand in the coming years due to their low cost.

    The segment of high-power generators is expected to see significant growth during the forecast period. This can be attributed to rising demand, the manufacturing sector, and the marine sector, all of which require a constant supply. Because it is financially impossible to supply direct power to several remote areas, high-power generators are used for electrical power generation.

    Application analysis

    The largest market share for commercial applications was the largest at US$ 8,600 million and it is projected to continue its strong growth during the forecast study period. The wide range of applications that cover many industries including healthcare, telecom, and hospitality can explain the high growth rate. To provide backup power for unexpected outages like voltage fluctuations and electrical failures, diesel gen-sets can be found in commercial establishments.

    In 2021 the market revenue shares for industrial diesel generators stood at US$ 6,800 million. This sector includes the manufacturing, construction sector, electrical energy utilities, and mining sectors. They also include transport & logistics and the oil & Gas sector. Because of their high consumption, they draw enormous product demand. Favorable government policies to encourage industrial sector development in emerging economies like Brazil, China, India, and India are key factors that have driven the segment’s growth.

    The residential market segmentation is set to see significant growth over the next few years due to increased customer awareness, increasing load demand on a primary grid, and increasing power outages. These critical factors are driving the residential sector’s product demand. In case of an electrical or grid fault, diesel generators provide a reliable second source to households.

    Application Insights

    Commercial basis of applications accounted for the largest share of the market’s total revenue, which was USD 8.46 billion. It is expected to experience a significant growth rate over the forecast period. This high growth rate is due to the broad application range that includes many industries, including data centers, government centers, educational institutions, healthcare facilities, telecom, agriculture, etc. Commercial establishments use diesel gen-sets to protect against sudden power outages. If not addressed, they can lead to financial losses.

    Кеу Маrkеt Ѕеgmеntѕ

    By Power Rating

    • Low Power Generator
    • Medium Power Generator
    • High Power Generator

    By Application

    • Industrial
    • Commercial
    • Residential

    Market Dynamics:

    The 2050s will see significant economic growth in major developing countries such as India and Brazil. India is expected to grow from the third-largest economy to the second-largest in the world by 2050, just after China. The low energy supply is already affecting countries such as South Africa, India, Brazil, and India. Globally, 65% of the global GDP will be made up of emerging economies.

    The U.S. market will see significant industrial growth due to rising power outage costs at various IT-enabled major companies and data centers. Consumer awareness is growing about the importance of having a reliable power supply. This market is also driven in part by the increasing vulnerability of energy stations to weather-related disasters.

    Solution providers are responsible for all aspects of the diesel generator market, including installation, maintenance, repairs, and maintenance. Generator dealers and electricians establish supply chain analysis and maintenance contracts for end-market customers. They can be found in commercial sectors and residential areas, as well as small-sized businesses that use generators to provide emergency power demand backup. A company may also have an in-house monitor engineer assigned to supervise large generators in large industrial large-scale infrastructure projects and industrial operations.

    Stringent government regulations regarding harmful carbon emissions should increase the penetration of gas generators over diesel generators. This key trend will likely reduce diesel generator demand in all end-use segments. However, the current demand is supported by low operating costs as well as low initial investments.

    Regional In-Depth Analysis

    Asia Pacific is expected to see the fastest CAGR of 10.6% in the forecast period. China, which contributes US$ 3100.0 million to regional market growth, will be the main revenue source. Rising demand for electricity, increased infrastructure projects, and rapid development in China of commercial office spaces are expected to give a boost to the region’s industrial competitive landscape.

    The Asia Pacific has a low-cost power grid that provides electricity at a reasonable price. As such, diesel generators are used primarily as a backup power source. The country’s power infrastructure, emission standards, and the purchasing energy of its customers all influence the demand for diesel generator sets.

    North America had a 22.5% market share in 2021. The U.S. held the dominant revenue-contributing position across the region. The growing vulnerability of the grid to weather-related outages has made it more difficult to find reliable backup energy solutions. This has led to a rise in demand for diesel generators.

    diesel generator market value

    Key Regions and Countries Covered іn thе Rероrt:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of the Middle East & Africa

    Market Share & Key Players Analysis:

    Many industry players are engaging in various organic and inorganic strategies to increase their service portfolio and improve their position in the market. These market leaders are:

    diesel generator market share

    Маrkеt Кеу Major Players:

    • AKSA power generation company
    • Atlas Copco AB
    • Atlas Copco Ltd.
    • Caterpillar Inc.
    • Cummins Inc.
    • Cummins India Ltd
    • Doosan Portable Power
    • Generac Power System Inc.
    • Generac Holdings Inc.
    • Mitsubishi Heavy Industries Ltd.
    • Multiquip Inc.
    • MTU Onsite Energy Corp
    • Honda India Power Products Ltd.
    • Kirloskar Oil Engines Ltd
    • Kirloskar Electric Company Limited
    • Kohler Power India Pvt. Ltd.
    • Rolls-Royce plc
    • Wartsila Corporation
    • Briggs & Stratton
    • GE
    • Dresser-Rand
    • Kipor
    • Cooltechsh
    • Saonon
    • Vpower
    • Tellhow
    • Foguang
    • Dingxin
    • SWT
    • Kontune
    • Xgpower
    • Other Key Players

    For the Diesel Generator Sets Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Market Size in 2022

    USD 18,740 million

    Growth Rate

    9%

    Forecast Value in 2032

    USD 43,959.06 million

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Frequently Asked Questions (FAQ)

    Q: What is the projected CAGR at which the Diesel Generator Market is expected to grow at?

    A: The Diesel Generator Market is expected to grow at a CAGR of 8.9% (2023-2032).

    Q: List the segments encompassed in this report on the Diesel Generator Market?

    A: Market.US has segmented the Diesel Generator Market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Power Rating, market has been segmented into Low Power Generator, Medium Power Generator and High Power Generator. By Application, the market has been further divided into Industrial, Commercial and Residential.

    Q: List the key industry players of the Diesel Generator Market?

    A: AKSA power generation company; Atlas Copco AB; Caterpillar; Cummins Inc.; Doosan Portable Power; Generac Power System Inc.; Honda India Power Products Ltd.; Kohler Co.; Rolls-Royce plc; Wartsila Corporation; Cooper Corp.; Powerica; Mitsubishi Heavy Industries, Ltd.; FG Wilson Inc.; ASHOK LEYLAND, and Other Key Players engaged in the Diesel Generator Market.

    Q: Name the key areas of business for Diesel Generator?

    A: South Korea, Germany & The US, are key areas of operation for Diesel Generator Market.

    Q: Which segment accounts for the greatest market share in the Diesel Generator industry?

    A: With respect to the Diesel Generator industry, vendors can expect to leverage greater prospective business opportunities through the commercial segment, as this area of interest accounts for the largest market share.

    Diesel Generator Market
    Diesel Generator Market
    Published date: May 2021 • Formats:
    add_shopping_cartBuy Now get_appDownload Sample
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    • AKSA power generation company
    • Atlas Copco AB. Company Profile
    • Atlas Copco Ltd.
    • Caterpillar Inc.
    • Cummins Inc.
    • Cummins India Ltd
    • Doosan Portable Power
    • Generac Power System Inc.
    • Generac Holdings Inc.
    • Mitsubishi Heavy Industries Ltd.
    • Multiquip Inc.
    • MTU Onsite Energy Corp
    • Honda India Power Products Ltd.
    • Kirloskar Oil Engines Ltd
    • Kirloskar Electric Company Limited
    • Kohler Power India Pvt. Ltd.
    • Rolls-Royce plc
    • Wartsila Corporation
    • Briggs & Stratton
    • B. Braun Melsungen AG Company Profile
    • Dresser-Rand
    • Kipor
    • Cooltechsh
    • Saonon
    • Vpower
    • Tellhow
    • Foguang
    • Dingxin
    • SWT
    • Kontune
    • Xgpower
    • Other Key Players
  • settingsSettings

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