Diesel Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Diesel Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global diesel generator market size reached US$ 16.5 Billion in 2022. Looking forward, IMARC Group 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.

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:
IMARC Group 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

The report has provided a detailed breakup and analysis of the diesel generator market based on capacity. This includes 0-100 kVA, 100-350 kVA, 350-1000 kVA, and above 1000 kVA. According to the report, 0-100 kVA accounted for the largest market share.

Application Insights:

Standby Backup Power
Prime Power
Peak Shaving Power

The report has provided a detailed breakup and analysis of the diesel generator market based on the application. This includes standby backup power, prime power, and peak shaving power. According to the report, standby backup power accounted for the largest market share.

Mobility Insights:

Stationary
Portable

The report has provided a detailed breakup and analysis of the diesel generator market based on mobility. This includes stationary and portable. According to the report, stationary accounted for the largest market share.

End User Insights:

Residential
Commercial
Industrial

The report has provided a detailed breakup and analysis of the diesel generator market based on the end user. This includes residential, commercial, and industrial. According to the report, industrial accounted for the largest market share.

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

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share. Some of the factors driving the Asia Pacific diesel generator market included the expanding manufacturing sector, developing construction and infrastructure industries, and technological advancements.

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?