Diesel Generator Market Size, Share, Growth Report 2030

The global Diesel Generator market is set to record a CAGR of nearly 1.8% over 2020-2026. The report offers valuation and analysis of Diesel Generator market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

A diesel generator is the blend of diesel engine and electric generator and is utilized for producing electricity. Moreover, it is compact and strong machinery that is utilized for transforming mechanical energy into electrical energy. Furthermore, the product makes use of the diesel as fuel for process of combustion in combustion chamber subjected to heavy pressure and this will assist generator to commence its functions and help in shaft rotation for generating power. Additionally, it is used for supplying electricity at the time of power outages or black outs or due to power fluctuations in most of the commercial & industrial sectors.

Market Growth Dynamics

Surge in the demand for incessant power supply and need for saving costs will drive the product demand in the forthcoming years. In addition to this, massive need of electricity in manufacturing, telecom, marine, construction, residential, healthcare, and chemical sectors will embellish the growth graph of the market in the upward direction over the ensuing years. Apparently, a steep rise in the population, swift industrialization, and infrastructural growth are few of the major factors that will favorably influence the expansion of the diesel generator industry over the forthcoming years.

In addition to this, escalating utilization of devices operated with the help of electronics will result in humungous requirement of generators for continuous power supply at time of power disruptions, thereby multiplying the growth of diesel generators industry over the forecasting timeline. However, strict government laws for reducing carbon footprints will hinder the product penetration over the coming decade. Nonetheless, low operating prices coupled with requirement of less initial capital will not only nullify the market inhibitions but will create lucrative growth horizons for the market over the years ahead.

Asia Pacific Market To Acquire Leading Position By 2026

The growth of the diesel generation market in Asia Pacific over the estimated timespan is attributed to surge in the production units as well as infrastructure ventures in the countries like India and China. Furthermore, increase in the population in this densely populated region has created humungous demand for electricity. Moreover, scarce power supply in rural areas and no power supply in some of the remote areas of emerging economies in the region have culminated in huge product demand in Asia Pacific. Constant power outages and black outs has resulted in high product penetration in industrial, commercial, and residential sectors, thereby further driving the regional market trends. The regional market is also projected to register fastest growth rate over the assessment period.

Key participants profiled in the report include Denyo Co Ltd., Wärtsilä, Kirloskar Electric Company, Ashok Leyland, Mitsubishi Heavy Industries Ltd., Caterpillar, Greaves Cotton Limited, Rolls-Royce plc, and Cummins Inc.

The global diesel generator market is segmented as follows:

By application:

• Peak Shaving
• Standby Power
• Prime or Continuous Power

By power rating:

• 0–100 kVA
• 100–350 kVA
• 350–1000 kVA
• 1000 kVA

By end-user:

• Industrial
  • Oil & Gas
  • Utilities/Power Generation
  • Others
• Commercial
  • Healthcare
  • IT & Telecom
  • Others
• Residential

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa