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Europe Diesel Generator Market Size (2024 - 2029)

The Europe Diesel Generator Market is anticipated to experience growth driven by the demand for standby applications across various sectors such as industrial, construction, medical, and off-grid uses. Despite the potential slowdown due to the increasing adoption of renewable energy sources, the market is poised for opportunities through the development of hybrid diesel generators that integrate renewable technologies. The United Kingdom is expected to lead the market, benefiting from heightened demand and expansion in commercial infrastructure.

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Market Size of Europe Diesel Generator Industry

Europe Diesel Generator Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 667 Million
Market Size (2029) USD 999 Million
CAGR (2024 - 2029) > 4.00 %
Market Concentration Low

Major Players

Europe Diesel Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Diesel Generator Market Analysis

The Europe Diesel Generator Market size is estimated at USD 667 million in 2024, and is expected to reach USD 999 million by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).

  • In the medium period, the market is expected to be driven by the need for diesel generators in standby applications. These generators are needed in many fields, including industrial, construction, medical, and off-grid applications.
  • The growing use of renewables as an alternative power source, both on-grid and off-grid, is likely to slow the market's growth over the next few years.
  • Nevertheless, with the increasing shift toward renewable energy sources, European consumers are looking for efficient and environmentally safe options, such as hybrid diesel generators that incorporate renewable sources like solar. This, in turn, is expected to create significant opportunities for the market players in the near future.

Europe Diesel Generator Industry Segmentation

A diesel generator is a mechanical-electrical machine that produces electrical energy (electricity) from diesel fuel. A diesel generator can be used as an emergency power supply in case of power cuts or in places where there is no connection to the power grid.

Capacity, end user, and geography are the market segments for diesel generators in Europe. By capacity, the market is segmented into below 75 kVA, 75-350 kVA, and above 350 kVA. By end-user, the market is segmented into residential, commercial, and industrial. By geography, the market is segmented into Germany, Russia, United Kingdom, Norway, and the Rest of Europe. The report offers the market size and forecasts for non-stick coatings in terms of revenue (USD) for all the above segments.

Capacity
Below 75 kVA
75-350 kVA
Above 350 kVA
End User
Residential
Commercial
Industrial
Geography
Germany
Russia
United Kingdom
Norway
NORDIC
France
Italy
Rest of Europe
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Europe Diesel Generator Market Size Summary

The European diesel generator market is poised for growth, driven by the increasing demand for reliable power supply across various sectors such as industrial, construction, medical, and off-grid applications. The market has rebounded to pre-pandemic levels and is expected to continue expanding, albeit at a moderated pace due to the rising adoption of renewable energy sources. Despite this, there is a growing interest in hybrid diesel generators that integrate renewable energy, presenting new opportunities for market players. The United Kingdom stands out as a market leader, with significant demand fueled by its industrial activities and the need for backup power solutions to support its national grid and various sectors like agriculture and telecommunications.

The industrial sector, encompassing mining, manufacturing, agriculture, and construction, is a major consumer of diesel generators, particularly in regions with limited grid access or during power outages. The steel industry, a significant part of Europe's industrial landscape, relies heavily on diesel generators for its energy needs. Countries like Germany continue to utilize these generators to support their development efforts. The UK and Russia are expected to see further growth in their industrial sectors, driven by expanding manufacturing activities. Government initiatives in the UK and Turkey are also anticipated to boost demand for diesel generators. The market is moderately fragmented, with key players like Caterpillar Inc., Mitsubishi Heavy Industries, and Cummins Inc. actively participating in the region.

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Europe 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 2029

    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 Need for Diesel Generators in Standby Applications

        2. 1.5.1.2 Increasing Use in Several End-user Industries

      2. 1.5.2 Restraints

        1. 1.5.2.1 Growing Use of Renewables as an Alternative Power Source

    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 Below 75 kVA

      2. 2.1.2 75-350 kVA

      3. 2.1.3 Above 350 kVA

    2. 2.2 End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Industrial

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 Russia

      3. 2.3.3 United Kingdom

      4. 2.3.4 Norway

      5. 2.3.5 NORDIC

      6. 2.3.6 France

      7. 2.3.7 Italy

      8. 2.3.8 Rest of Europe

Europe Diesel Generator Market Size FAQs

The Europe Diesel Generator Market size is expected to reach USD 667 million in 2024 and grow at a CAGR of greater than 4% to reach USD 999 million by 2029.

In 2024, the Europe Diesel Generator Market size is expected to reach USD 667 million.

Europe Diesel Generator Market Report Snapshots

Europe Diesel Generator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)