Diesel Generator Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The diesel generator market is expected to register a CAGR of more than 6% during the forecast period of 2022 – 2027. The COVID-19 pandemic led to a reduction in electricity consumption, impeded economic growth in major countries across the world, and large-scale disruptions in the supply chain. Factors, such as the increasing demand for uninterrupted and reliable power supply and the increase in demand from the commercial sector, including the healthcare industry, are expected to drive the market. However, the growing demand for generators based on alternative fuels, such as natural gas and biofuels, is expected to restrain the growth of the market.
Key HighlightsThe diesel generator market is moderately fragmented. The key players in the market include Caterpillar Inc., Generac Holdings Inc., Kohler Co., Cummins Inc., and Atlas Copco AB, among others.
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