The global diesel generator market size reached US$ 16.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 23.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028. The rising demand for reliable power backup solutions across several industries, the growing need for uninterrupted power supply in remote and off-grid areas, and favorable government initiatives and funding supporting infrastructure development represent some of the key factors driving the market.
A diesel generator is a reliable and efficient power source that burns diesel fuel to generate electrical energy, commonly used for backup power supply in various applications. It comprises several key components, including a diesel engine, an alternator, a fuel system, and a control panel. The diesel engine is typically made of robust materials and designed to withstand heavy loads, making it durable and long-lasting. The alternator converts the mechanical energy from the engine into electrical energy, which is then distributed to power various devices and equipment. Compared to other types of generators, diesel generators are more efficient and cost-effective. Diesel fuel is relatively inexpensive and readily available, making diesel generators economical to operate. They also have a longer lifespan compared to gasoline or propane generators, requiring less frequent maintenance and replacement of parts. Additionally, they are highly reliable and can provide continuous power supply for extended periods. Consequently, they are extensively employed in critical applications requiring an uninterrupted power supply, such as hospitals, data centers, and industries. Diesel generators are also known for their high load-carrying capacity, making them suitable for heavy-duty applications. Currently, there are different types of product variants available, including portable, standby, and prime-power diesel generators.
2. What is the expected growth rate of the global diesel generator market during 2023-2028?
3. What has been the impact of COVID-19 on the global diesel generator market?
4. What are the key factors driving the global diesel generator market?
5. What is the breakup of the global diesel generator market based on the capacity?
6. What is the breakup of the global diesel generator market based on the application?
7. What is the breakup of the global diesel generator market based on the mobility?
8. What is the breakup of the global diesel generator market based on the end user?
9. What are the key regions in the global diesel generator market?
10. Who are the key players/companies in the global diesel generator market?
A diesel generator is a reliable and efficient power source that burns diesel fuel to generate electrical energy, commonly used for backup power supply in various applications. It comprises several key components, including a diesel engine, an alternator, a fuel system, and a control panel. The diesel engine is typically made of robust materials and designed to withstand heavy loads, making it durable and long-lasting. The alternator converts the mechanical energy from the engine into electrical energy, which is then distributed to power various devices and equipment. Compared to other types of generators, diesel generators are more efficient and cost-effective. Diesel fuel is relatively inexpensive and readily available, making diesel generators economical to operate. They also have a longer lifespan compared to gasoline or propane generators, requiring less frequent maintenance and replacement of parts. Additionally, they are highly reliable and can provide continuous power supply for extended periods. Consequently, they are extensively employed in critical applications requiring an uninterrupted power supply, such as hospitals, data centers, and industries. Diesel generators are also known for their high load-carrying capacity, making them suitable for heavy-duty applications. Currently, there are different types of product variants available, including portable, standby, and prime-power diesel generators.
Diesel Generator Market Trends:
The global diesel generator market is being driven by several factors, including the rising demand for reliable backup power solutions in industries, such as healthcare, data centers, and telecommunications, and increasing government support for infrastructure development. This is further bolstered by the growing need for uninterrupted power supply in remote and off-grid areas. Additionally, the expansion of the manufacturing and construction industries, the rising instances of natural disasters, and the escalating demand for diesel generators in the military sector are propelling the market growth. Moreover, the surging awareness regarding the advantages of diesel generators and the development of new product variants by key players are fueling the market growth. Other factors, such as the increasing demand for energy-efficient and low-emission generators and rapid technological advancements, are providing an impetus to the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global diesel generator market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on capacity, application, mobility and end user.Capacity Insights:
- 0-100 kVA
- 100-350 kVA
- 350-1000 kVA
- Above 1000 kVA
Application Insights:
- Standby Backup Power
- Prime Power
- Peak Shaving Power
Mobility Insights:
- Stationary
- Portable
End User Insights:
- Residential
- Commercial
- Industrial
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global diesel generator market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aksa Power Generation, Atlas Copco AB, Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Kirloskar Electric Company Limited, Kohler Co., Mitsubishi Heavy Industries Ltd., MTU Onsite Energy (Rolls-Royce plc), Wartsila Corporation, and Yanmar Co. Ltd. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global diesel generator market in 2022?2. What is the expected growth rate of the global diesel generator market during 2023-2028?
3. What has been the impact of COVID-19 on the global diesel generator market?
4. What are the key factors driving the global diesel generator market?
5. What is the breakup of the global diesel generator market based on the capacity?
6. What is the breakup of the global diesel generator market based on the application?
7. What is the breakup of the global diesel generator market based on the mobility?
8. What is the breakup of the global diesel generator market based on the end user?
9. What are the key regions in the global diesel generator market?
10. Who are the key players/companies in the global diesel generator market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Diesel Generator Market
6 Market Breakup by Capacity
7 Market Breakup by Application
8 Market Breakup by Mobility
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aksa Power Generation
- Atlas Copco AB
- Briggs & Stratton Corporation
- Caterpillar Inc.
- Cummins Inc.
- Generac Holdings Inc.
- Kirloskar Electric Company Limited
- Kohler Co.
- Mitsubishi Heavy Industries Ltd.
- MTU Onsite Energy (Rolls-Royce plc)
- Wartsila Corporation
- Yanmar Co. Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 144 |
Published | July 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 16.5 Billion |
Forecasted Market Value ( USD | $ 23.4 Billion |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |