Diesel Generator Market Overview:
The global Diesel Generator Market has been expected to reach USD 30.89 billion by 2030 at at a CAGR of 8.70%, during forecast period of 2022-2030.
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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Stringent Government Regulations to Hamper Market Growth
New government regulations launched by countries to stem carbon emission levels and control energy consumption can negatively affect market growth. Heavy weight of diesel generators as compared to inverters coupled with preference of gas generators can be a challenge to the market.
Segmentation Analysis
Between 75 to 375 kVA Segment to Gain Market Share
By capacity, the market is segmented into less than 75 kVA, between 75 to 375 kVA, and more than 375 kVA. The ‘between 75 to 375 kVA’ segment is set to dominate the diesel generator market owing to its demand in Brazil, India, and China. Demand for economical backup options as well as application in petrol pumps, small-scale industries, and telecom sector can drive segment growth. Long lifespan and reliability are characteristics attracting customers towards this rating of diesel generators.
Commercial End-users to Lead Global Market
Commercial end-users are likely to capture a large market share over the forecast period due to its wide application in telecommunication, data centers, government centers, educational institutions, telecom, and hospitality sectors. Diesel generators are used for handling power outages or power fluctuations.
Regional Analysis
APAC to Display Highest CAGR
Asia-Pacific (APAC) is deemed to showcase a strong growth rate over the forecast period owing to cheap rates of diesel and affordability among customers. Rapid pace of industrialization and increase in goods manufacturing can drive its demand among corporations looking to compete on a global level. Adoption by IT and IT-enabled services and telecommunication sectors can provide new opportunities of growth to the industry in the coming years.
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Industry Update
The County of Sonoma in California, U.S., has installed 13 diesel generators at evacuation centers and public facilities to move its reliance from grids.
Competitive Analysis
Mitsubishi Heavy Industries Ltd (Japan), Greaves Cotton Limited (India), Denyo Co Ltd (Japan), Ashok Leyland (India), Wärtsilä (Finland), Caterpillar (US), Kirloskar Electric Company (India), Rolls-Royce plc (UK), and Cummins Inc (US) are prominent players of the global diesel generator market. Contracts, agreements, and expansions are favored strategic approaches by players to sustain their standing.
