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Diesel Generator Market Size (2024 - 2029)

The diesel generator market is anticipated to experience growth driven by the increasing need for reliable power supply, particularly in the commercial sector and healthcare industry. Despite the competition from generators using alternative fuels like natural gas and biofuels, opportunities are expected to arise in emerging economies' commercial and industrial sectors, as well as in the residential sector of developed economies and defense operations. The Asia-Pacific region is projected to be the fastest-growing area due to rising energy demands, especially in countries such as China and India.

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Market Size of Diesel Generator Industry

Diesel Generator Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 5.37 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Diesel Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

Diesel Generator Market Analysis

The Diesel Generator market size is expected to grow from USD 15.80 billion by the end of this year to USD 20.52 billion after five years, at a CAGR of 5.37% during the forecast period.

  • Over the medium period, the increasing demand for uninterrupted and reliable power supply and increased demand from the commercial sector, including the healthcare industry, is expected to drive the diesel generator market.
  • On the other hand, the growing demand for generators based on alternative fuels, such as natural gas and biofuels, is expected to restrain the diesel generator market growth.
  • Nevertheless, the commercial and industrial sectors in emerging economies, the residential sector in developed economies, and the increasing need for power in defence operations are expected to create significant opportunities for market participants in the near future.
  • Asia-Pacific is the fastest-growing market during the forecast period due to the rising energy demand, with a majority of the demand coming from countries such as China and India.

Diesel Generator Industry Segmentation

A diesel generator is an electrical energy generator that combines a diesel engine and an electric generator. This is an example of an engine generator. A diesel compression-ignition engine is typically built to run on diesel fuel, but certain models are also designed to run on other liquid fuels or natural gas.

The diesel generator market is segmented by capacity, end user, application, and geography. By capacity, the market is segmented into less than 75 kVA, between 75 and 375 kVA, and more than 375 kVA. By end user, the market is segmented into residential, commercial, and industrial. By application, the market is segmented into standby backup power, prime power, and peak shaving power. The report also covers the market size and forecasts for the diesel generator market across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Capacity
Less Than 75 kVA
Between 75 and 375 kVA
More Than 375 kVA
End User
Residential
Commercial
Industrial
Application
Standby Backup Power
Prime Power
Peak Shaving Power
Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
North America
United States of America
Canada
Rest of the North America
Europe
Germany
United Kingdom
Norway
Italy
France
Rest of the Europe
Asia-Pacific
China
India
South Korea
Rest of the Asia-Pacific
South America
Brazil
Argentina
Rest of the South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Iran
Rest of the Middle-East and Africa
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Diesel Generator Market Size Summary

The diesel generator market is poised for significant growth over the forecast period, driven by the increasing demand for reliable and uninterrupted power supply across various sectors. The industrial sector, particularly in emerging economies, plays a crucial role in this growth due to its reliance on diesel generators during power outages and in areas with limited grid access. Industries such as mining, manufacturing, agriculture, and construction are major consumers of diesel-generated power, with healthcare and pharmaceutical facilities also contributing to the demand. Despite the rising interest in alternative fuel generators, the need for diesel generators remains strong, especially in regions like Asia-Pacific, where countries such as China and India are experiencing robust industrial expansion and infrastructure development.

Asia-Pacific is expected to maintain its dominance in the global diesel generator market, with China leading due to its extensive infrastructure projects and growing power demand. The region's rapid industrial growth, driven by initiatives like China's 'Made in China' and India's infrastructure spending, presents substantial opportunities for market participants. The removal of bans on diesel generators in areas like Delhi-NCR and the increasing adoption in countries like Indonesia, where power blackouts are frequent, further bolster the market's prospects. The market is moderately fragmented, with key players like Caterpillar Inc., Generac Holdings Inc., and Cummins Inc. actively engaging in strategic collaborations and product innovations to enhance their market presence.

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Diesel Generator Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 The Increasing Demand for Uninterrupted and Reliable Power Supply

        2. 1.5.1.2 Increased Demand from the Commercial Sector, Including the Healthcare Industry

      2. 1.5.2 Restraints

        1. 1.5.2.1 The Growing Demand for Generators Based on Alternative Fuels

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Capacity

      1. 2.1.1 Less Than 75 kVA

      2. 2.1.2 Between 75 and 375 kVA

      3. 2.1.3 More Than 375 kVA

    2. 2.2 End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Industrial

    3. 2.3 Application

      1. 2.3.1 Standby Backup Power

      2. 2.3.2 Prime Power

      3. 2.3.3 Peak Shaving Power

    4. 2.4 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})

      1. 2.4.1 North America

        1. 2.4.1.1 United States of America

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of the North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 Norway

        4. 2.4.2.4 Italy

        5. 2.4.2.5 France

        6. 2.4.2.6 Rest of the Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 India

        3. 2.4.3.3 South Korea

        4. 2.4.3.4 Rest of the Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of the South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 United Arab Emirates

        3. 2.4.5.3 Iran

        4. 2.4.5.4 Rest of the Middle-East and Africa

Diesel Generator Market Size FAQs

The Diesel Generator Market is projected to register a CAGR of 5.37% during the forecast period (2024-2029)

Caterpillar Inc., Generac Holdings Inc., Kohler Co., Cummins Inc. and Atlas Copco AB are the major companies operating in the Diesel Generator Market.

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