0-75 kVA is ideal to support the energy demand of residential and small commercial sectors, such as shops and small offices. The segment is expected to witness growth in regions with high urbanization rates, especially in Asia-Pacific and the Middle Eastern regions, where there is an increase in the usage of diesel generators by the residential sector. On the other hand, higher capacity generators are expected to witness significant growth during the forecast period, with growing industrialization rates in countries, such as the United States, China, India, and Japan.
Mahindra Powerol ventures into high-power diesel generators in India with an investment of INR 160 crores, thereby creating a new trend in the overall diesel generator market. The DG sets are equipped with advanced Common Rail Diesel Engine (CRDe) technology, which reduces pollution levels, offers heavy-duty performance, and fuel efficiency. Such trends are expected to further propel the growth of diesel generator market during the forecast period.
Increasing Shift Towards Gas Generators - Restrains the Market
The stringent emission regulations of the government, that focus on lowering the greenhouse gas emissions and reducing the carbon footprint, are expected to restrain the growth of diesel generator market during the forecast period. These regulations have led to an increasing shift toward natural gas generators. Moreover, low natural gas prices and volatile diesel fuel costs have led to end users preferring gas generators over diesel generators.
Asia-Pacific - The Fastest Growing Market
Asia-Pacific is witnessing an increase in the average energy consumption rate and GDP growth rate, with China and India experiencing the highest industrialization and urbanization rates. The massive increase in power consumption in developing countries, such as China and India, with inadequate power generation capacity and grid infrastructure, is likely to make steady power supply a serious challenge. Thus, the demand for steady power boosts the sales of generator in several sectors, especially the industrial and commercial segments in the region. Moreover, the growing energy demands of the burgeoning manufacturing industry are expected to provide greater market opportunities for generators in the Asia-Pacific region. As a result, Asia-Pacific is expected to witness the fastest growth in the global diesel generator market during the forecast period.
Nigeria - A Huge Market Potential
Underdeveloped grid infrastructure and highly interrupted power supply in major areas has led to an increase in deployment of diesel generators across the country. Currently, almost 40% of Nigeria’s population has no access to grid-connected electricity. This has led to an increase in demand for diesel generator as a backup power supply, particularly in the residential sector. In addition, inadequate power set-up leading to long-hour power cuts has amplified the use of these low-power rating diesel generators in the residential sector.
As the country recovers from its economic crisis, the housing sector is expected to witness a huge investment owing to increase in population, rapid urbanization, and increased disposable income. However, the transmission grid covers only 60% of the country. This limitation in power sector of the country is a significant growth factor for residential diesel generator market in Nigeria.
Key Developments in the Market
? February 2018: Caterpillar Inc. had successfully added the Cat XQ125 mobile diesel generator set to the company’s line of Tier 4 Final rental power solutions, which met Tier 5 Final emission standards. The new product, rated at 125 kVA is equipped with the Cat Connect platform, allows the dealer to remotely monitor multiple generator set parameters.
? December 2017: NRG Energy and Cummins had announced their plans to combine on-site generators with distributed energy resource management systems (DERMS) for commercial and industrial customers.
Major players: Caterpillar Inc., Generac Power Systems, Cummins Inc., Kohler Co., Kirloskar Oil Engines Limited, amongst others.
Reasons to Purchase The Report
? Current and future global diesel generator market outlook in the developed and emerging markets
? Analyzing various perspectives of the market with the help of Porter’s Five Forces analysis
? The segment that is expected to dominate the market
? Regions that are expected to witness the fastest growth during the forecast period
? Identify the latest developments, market shares, and strategies employed by the major market players
? 3 month analyst support, along with the Market Estimate sheet (in excel)
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2. Research Methodology
3. Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Recent Trends and Developments
3.4 Government Policies & Regulations
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitutes
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
7.1 By Capacity/Rating
7.1.3 Above 350 kVA
7.2 By End Use
8. Regional Market Analysis (Market Size, Growth, and Forecast)
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.5 Rest of Asia-Pacific
8.3.2 United Kingdom
8.3.5 Rest of Europe
8.4 Middle East & Africa
8.4.1 Saudi Arabia
8.4.5 Rest of Middle East & Africa
8.5 South America
8.5.4 Rest of South America
9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Developments, and Analyst Views)
9.1 Caterpillar Inc.
9.2 Generac Power Systems
9.3 Cummins Inc.
9.4 Kohler Co.
9.5 Kirloskar Oil Engines Limited
9.6 AKSA Power Generation
9.7 Wärtsilä Corporation
9.8 Honda Power Equipment
9.9 Cooper Corporation
9.10 MTU Onsite Energy
9.12 Mahindra Powerol
10. Competitive Landscape
10.1 Mergers and Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Market Share Analysis
10.4 Strategies Adopted by Leading Players
11.1 Contact Us
*List not Exhaustive
**Subject to availability on public domain
- Caterpillar Inc.
- Generac Power Systems
- Cummins Inc.
- Kohler Co.
- Kirloskar Oil Engines Limited
- AKSA Power Generation
- Wärtsilä Corporation
- Honda Power Equipment
- Cooper Corporation
- MTU Onsite Energy
- Mahindra Powerol