Diesel Genset Market Size, Share, Growth Report 2030

Diesel Genset Market Size

The global Diesel Genset market, estimated at about 13.2 (USD Billion) in 2018 and is predicted to accrue earnings worth 21.3 (USD Billion) by 2025, is set to record a CAGR of nearly about 5.5% over 2019-2025. The report offers valuation and analysis of the Diesel Genset 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 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Diesel Genset Market: Introduction

Diesel Genset is a blend of diesel engine and electric generator and is utilized for producing electric energy. Moreover, Diesel Genset also referred to as a diesel generating set is used in locations that do not have a connection to the electric grid. It is also used for providing power supply in case of contingencies as well as during grid power failures or power outages. Diesel Genset is utilized in peak lopping and grid support. Furthermore, the Diesel Genset has the ability to operate for many hours.  

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Market Growth Drivers

The expansion of the Diesel Genset industry over the forecast timeframe is attributed to an escalation in the requirement for a constant & stable electric supply. Apart from this, swift urbanization & industrialization witnessed across the emerging economies will translate into a humungous expansion of the Diesel Genset market over the ensuing years. Escalating demand for electricity supply along with rising in the requirement for deployment of backup supply equipment will promulgate the Diesel Genset market demand. In addition to this, the rise in the number of power cuts as a result of extreme climate will favorably influence the expansion of the Diesel Genset industry over the assessment period.

Furthermore, know-how about cost-effective power backup services among the end-users is projected to support the expansion of Diesel Genset Market Size. Apparently, the surge in the need for constant power supply across construction, oil & gas, chemical, marine, healthcare, and telecom industries will escalate the expansion of the Diesel Genset Market in the years ahead. Furthermore, a surge in the ongoing product innovations to save costs and reduce fuel emissions will further proliferate the market scope over the assessment period.

Asia Pacific Market To Accrue Huge Returns Over Forecast Timeframe

The expansion of the Diesel Genset Market in the Asia Pacific zone over the forecast timespan is credited to a surge in the proportion of production units in the region along with the need for a strong power supply infrastructure facility in the Asia Pacific zone. In addition to this, a large gap witnessed between demand and supply of electricity in developing countries of the sub-continent and consequent power outages & blackouts, as well as low power supply to a growing population in rural areas, will increase the market penetration over the forthcoming years.

The massive need for incessant power supply in residential, commercial, and industrial sectors will prompt regional market expansion over the ensuing years. Escalating the requirement for power supply in countries such as India will elevate the growth of the Diesel Genset industry in the Asia Pacific zone over the forecast timeline.

Key Market Players & Competitive Landscape:

Key participants profiled in the study include Caterpillar, Himoinsa, Ingersoll-Rand PLC, Kirloskar Oil Engines Limited, Ashok Leyland, Cummins, Briggs & Stratton, Sterling Generators Pvt. Ltd, SDMO, Powerica Ltd., Atlas Copco., Generac, Honda Motor Co. Ltd., Yamaha Motor Pvt, Ltd, Escorts Group, and C&S Electric.

The global Diesel Genset market is segmented as follows:

By product:

• Low Power Generators
• Medium Power Generators
• High Power Generators

By power:

• Low Power (0–350 kVA)
• Medium Power (350–1000 kVA)
• High Power (above 1000 kVA)

By end-user:

• Residential
• Commercial
• Industrial

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