Diesel Generator Market – Global Industry Analysis and Forecast (2023-2029)

Diesel Generator Market was valued at US$ 22.94 Bn. in 2022 and expected to grow at a CAGR of 10.3% during the forecast period (2023-2029), thanks to the growing trend of Off-Grid segment use which has boosted demand for Global Diesel Generators Market.
Diesel Generator Market Overview:
The diesel generator utilizes a diesel engine and electric generator to produce electrical energy. The diesel engine used here is an internal combustion engine and works based on the law of energy conversion. Diesel generators convert some of the chemical energy i.e diesel fuel, to mechanical energy through combustion. This mechanical energy rotates a crank to produce electricity. Through these generators, people can run household equipment rated 4500 to 7500 watts like well pump, refrigerator, lighting circuits, etc. there are 3 types of generators portable, inverter, and standby. Because of its continued, emergency, and stable power supply global diesel generator market is expected to touch 45.56 Bn in 2029.To know about the Research Methodology :- Request Free Sample Report
Diesel Generator Market Dynamics:
Increasing demand for the continuous and safe power supply, continuous electricity outages, industrialization and urbanization in developing countries, an increasing number of Datacenters, rapid growth of population, need for uninterrupted power supply to the healthcare industry, etc are driving factors for the growth of diesel generator market. Its low maintenance cost, safe storage, durability, easy access to fuel, the discovery of hydrocarbon deposits, etc are adding an advantage to the market.

Some of the government policies like the use of retro-fitted emission control equipment under the “National Clean Air Program”( NCAP 2019 ), In Canada, replacing of aging generators under “Renewables in Remote Communities (RiRC) program” helping to boost the diesel generator market.

Development of new technologies to reduce the rate of emission, such as Selective Catalytic Reduction (SCR) and Exhaust Gas Recirculation (EGR), fitting of ceramic and sound wave absorbing material to noise pockets to reduce noise levels, etc are adding an advantage to the global diesel generator market.

Some of the factors that are affecting the diesel generator market are its non-friendly environment nature, Ex- 1 L of diesel emits on average 2.7 kg of Co2. High maintenance cost, noise pollution, heavy and bulky and difficulty to operate in winter, etc.
Diesel Generator Market Segmentation:
Based on Capacity Type Segment, The global Diesel Generator market is segmented into less than 75 kVA, between 75 and 375 kVA and more than 375 kVA. More than 375 kVA segment dominates the global market and its market share was 45% in 2022. Because of its wide range of applications in telecommunication systems, data center, nuclear industry, airports, railway, mining and chemical industry, hotels and hospital, etc. driving the global diesel generator market positively and its expected CAGR is 4.3% during the forecast period.Based Mobility Segment, the global Diesel Generator market is sub-segmented stationary and portable. The portable segment dominates the global market and it held a share of 58% in 2022. Portable diesel generators designed for personnel usage, easy to relocate, are cost-effective, provide emergency backup, damage prevention, and are long durable due to these factors portable generators are high in demand. The portable diesel generator market was valued at 1.26 Bn. in 2022 and it is expected to grow at a CAGR of 5.2 % during the forecast period.

Based On End-Use Segment, the global Diesel Generator market is sub-segmented into residential and commercial. The commercial segment dominated the global market and it held the largest revenue share of 48.1% in 2022. Commercial sectors like data centers, government agencies, banks, health care, hotel industry, and agriculture, etc. require a continuous flow of electricity for daily operation this can be fulfilled by diesel generators. So commercial segment is the major driving factor for the growth of the diesel generator market.
Diesel Generator Market regional insights:
Asia Pacific region dominates the market with a share of 48% in 2022. The presence of poor grid infrastructure, Increased power shortages, and increased power consumption in countries like India and China driving the market positively. In India, the “Central Pollution Control Board” initiated a policy to replace the old generator to minimize air pollution. Developing manufacturing facilities and infrastructure projects, electrical demand-supply gap, development of commercial office space, presence of important players, rising per capita electric power consumption, etc are adding an advantage to the global diesel generator market.

North America is the second dominating region in the global market and held a share of 30% in 2022. The increasing vulnerability of the power grid to weather-related outages, as well as the continuous development of infrastructure for data centers and other commercial markets, has regulated the demand for diesel generators. US “Environmental Protection Agency” provides grants to its citizens to replace the aging equipment and improve the air quality under “Diesel Emission Reduction Act (DERA)” funding, which is boosting the market.

The objective of the report is to present a comprehensive analysis of the global Diesel Generator market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Diesel Generator market dynamics, structure by analyzing the market segments and projecting the Diesel Generator market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Diesel Generator make the report investor’s guide.
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Diesel Generator Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $  22.94 Bn.


Forecast Period 2023 to 2029 CAGR:
10.3%
Market Size in 2029:
US $  45.56 Bn.


 Segments Covered:
by Capacity
Less than 75 kVA
Between 75 and 375 kVA
More than 375 kVA


by Mobility
Stationary
Portable


by Application
Residential
Commercial



Diesel Generator Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Diesel Generator Market, Key Players are
1. Kirloskar Electric Company
2. Sutton Power Engineering
3. Atlas Copco AB
4. Mitsubishi Heavy Industries Ltd
5. Rolls-Royce plc
6. General Electric
7. Denyo Co. Ltd
8. JS Power
9. Generac Power Systems Inc.
10. Kohler Co.
11. Ashok Leyland
12. Cummins Inc.
13. Caterpillar
14. Wartsila
15. Yanmar Co Ltd

Frequently Asked Questions:

1. Which region has the largest share in Market?
Ans: Asia-Pacific held the largest share in 2022.

2. What is the growth rate of the  Market?
Ans: The Market is growing at a CAGR of 10.3 % during the forecasting period 2023-2029.

3. What segments are covered in Market?
Ans:  Market is segmented into capacity, mobility and application.

4. Who are the key players in Market?
Ans: Kirloskar Electric Company, Sutton Power Engineering, Atlas Copco AB, Mitsubishi Heavy Industries Ltd, Rolls-Royce plc, General Electric, Denyo Co. Ltd, JS Power, Generac Power Systems Inc., Kohler Co., Ashok Leyland , Cummins Inc., Caterpillar, Wartsila, Yanmar Co Ltd

5. What is the study period of this market?
Ans: The  Market is studied from 2022 to 2029.