Diesel Generator Market Size, Share, Sales, Analysis, Forecast By Power Rating (low power (<350 kVA), medium power (350kVA-1000kVA), and high power (>1000kVA)), By Application (Standby Power, Peak Shaving, Continuous Power, and Others), By End Use (Residential, Commercial, and Industrial), Industry Competition & Player Profiles, 2023 – 2032
The Global Diesel Generator Market was worth US$ 15 billion in 2019 and is expected to witness a CAGR of 6.5% during 2020 and 2030.
Expansion of commercial and industrial infrastructure, increasing demand from off-grid applications, and increasing investment in product innovation & development are the key attributes complimenting the growth of global diesel generator market. A diesel generator, also known as diesel genset, generates electric power with the help of diesel engine and electric generator or alternators. Primarily used as an emergency power source, diesel generators are being increasingly used for peak-looping, as prime source of electricity in power grid absence regions, grid support, and other complex applications.
The manufacturers are focusing on development of compact and efficient generators owing to increased demand for low power backup generators across the emerging countries. However, concerns over damage to environment due to emissions from diesel generators has led to the demand for generators powered by natural fuels, thereby hindering the growth of global diesel generator market. Though the power grid across the globe has expanded extensively during past decade, the demand surpasses supply across emerging countries, which is fueling the growth of the global diesel generator market.
Asia Pacific contributed the largest share to the global market in 2019 and is anticipated to be a dominating segment throughout the forecast period owing to expanding applications base across the leading countries. Increased investment in commercial and residential infrastructure development across emerging countries is anticipated to accelerate the growth of diesel generator market in coming years. Adoption of high power diesel generators as backup power sources across the expanding industrial sector in Asia is anticipated to contribute towards the growth of Asia Pacific diesel generator market during the forecast period. North America contributed a prominent share to the global market in 2019 and is anticipated to grow at a steady rate during the forecast period.
Diesel Generator Market Share Analysis, by Geography (2022)
The report titled “Diesel Generator Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global diesel generator market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Cummins Inc. generated a revenue of US$ 23,571 million in 2019 and business segment analysis of the company indicates that Distribution segment of the company dominated revenue in 2019.
The global diesel generator market is segmented based on power rating, application, end use, and geography. Based on power rating, the global diesel generator market is segmented into low power (<350 kVA), medium power (350kVA-1000kVA), and high power (>1000kVA). Based on application, the global diesel generator market is segmented into standby power, peak shaving, continuous power, and others. Based on end use, the global diesel generator market is segmented into residential, commercial, and industrial. Based on geography, the global diesel generator market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on diesel generator. Further, market share of prominent companies in the global diesel generator market would also be estimated. For instance, Cummins Inc. operates through five business segments namely Engine segment, Distribution segment, Component segment, Power System segment, and New Power segment. The diesel generators are delivered under Power System segment with revenue contribution of US$ 2,670 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the diesel generator companies. The global diesel generator market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the diesel generator business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global diesel generator market.
Major players active in the global diesel generator market include Aggreko plc, APR Energy Plc, Atlas Copco AB, Burtonwood Generator & Switchgear Services Ltd., Caterpillar Inc., Cummins Inc., Generac Power Systems, Inc., HIMOINSA (A YANMAR Company), J C Bamford Excavators Ltd, Kirloskar Electric Company, Kohler Co., Mitsubishi Heavy Industries, Ltd., Wacker Neuson SE, and Wärtsilä.
Market Segmentation:
By Power Rating:
- Low power (<350 kVA)
- Medium power (350kVA-1000kVA)
- High power (>1000kVA)
By Application:
- Standby power
- Peak shaving
- Continuous power
- Others
By End Use:
- Residential
- Commercial
- Industrial
By Geography :
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Diesel Generator Market
- Global Diesel Generator Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Recyclable material’s importance
- Supply-Demand Analysis
- Trends
- Global Diesel Generator Market Analysis and Forecast, by Genset Rating
- Overview and definitions
- Key segment analysis
- Global Diesel Generator Market Estimates (US$ Mn and Units), by Genset Rating, 2019 – 2032
- Below 75 kVA
- 75 kVA – 375 kVA
- 375 kVA – 750 kVA
- Above 750 kVA
- Global Diesel Generator Market Analysis and Forecast, by Portability
- Overview and definitions
- Key segment analysis
- Global Diesel Generator Market Estimates (US$ Mn), by Portability, 2019 – 2032
- Stationary
- Portable
- Global Diesel Generator Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Diesel Generator Market Estimates (US$ Mn), by Application, 2019 – 2032
- Standby power
- Peak shaving
- Continuous power
- Others
- Global Diesel Generator Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Diesel Generator Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Residential
- Commercial
- Industrial
- Global Diesel Generator Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Diesel Generator Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Diesel Generator Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Diesel Generator Market Estimates (US$ Mn and Units), by Genset Rating, 2019 – 2032
- Below 75 kVA
- 75 kVA – 375 kVA
- 375 kVA – 750 kVA
- Above 750 kVA
- North America Diesel Generator Market Estimates (US$ Mn), by Portability, 2019 – 2032
- Stationary
- Portable
- North America Diesel Generator Market Estimates (US$ Mn), by Application, 2019 – 2032
- Standby power
- Peak shaving
- Continuous power
- Others
- North America Diesel Generator Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Residential
- Commercial
- Industrial
- North America Diesel Generator Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe Diesel Generator Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Diesel Generator Market Estimates (US$ Mn and Units), by Genset Rating, 2019 – 2032
- Below 75 kVA
- 75 kVA – 375 kVA
- 375 kVA – 750 kVA
- Above 750 kVA
- Europe Diesel Generator Market Estimates (US$ Mn), by Portability, 2019 – 2032
- Stationary
- Portable
- Europe Diesel Generator Market Estimates (US$ Mn), by Application, 2019 – 2032
- Standby power
- Peak shaving
- Continuous power
- Others
- Europe Diesel Generator Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Residential
- Commercial
- Industrial
- Europe Diesel Generator Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific Diesel Generator Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Diesel Generator Market Estimates (US$ Mn and Units), by Genset Rating, 2019 – 2032
- Below 75 kVA
- 75 kVA – 375 kVA
- 375 kVA – 750 kVA
- Above 750 kVA
- Asia Pacific Diesel Generator Market Estimates (US$ Mn), by Portability, 2019 – 2032
- Stationary
- Portable
- Asia Pacific Diesel Generator Market Estimates (US$ Mn), by Application, 2019 – 2032
- Standby power
- Peak shaving
- Continuous power
- Others
- Asia Pacific Diesel Generator Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Residential
- Commercial
- Industrial
- Asia Pacific Diesel Generator Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Diesel Generator Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Diesel Generator Market Estimates (US$ Mn and Units), by Genset Rating, 2019 – 2032
- Below 75 kVA
- 75 kVA – 375 kVA
- 375 kVA – 750 kVA
- Above 750 kVA
- Middle East & Africa Diesel Generator Market Estimates (US$ Mn), by Portability, 2019 – 2032
- Stationary
- Portable
- Middle East & Africa Diesel Generator Market Estimates (US$ Mn), by Application, 2019 – 2032
- Standby power
- Peak shaving
- Continuous power
- Others
- Middle East & Africa Diesel Generator Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Residential
- Commercial
- Industrial
- Middle East & Africa Diesel Generator Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Diesel Generator Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Diesel Generator Market Estimates (US$ Mn and Units), by Genset Rating, 2019 – 2032
- Below 75 kVA
- 75 kVA – 375 kVA
- 375 kVA – 750 kVA
- Above 750 kVA
- South America Diesel Generator Market Estimates (US$ Mn), by Portability, 2019 – 2032
- Stationary
- Portable
- South America Diesel Generator Market Estimates (US$ Mn), by Application, 2019 – 2032
- Standby power
- Peak shaving
- Continuous power
- Others
- South America Diesel Generator Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Residential
- Commercial
- Industrial
- South America Diesel Generator Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Diesel Generator Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Aggreko plc
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Channel partners
- Relevant news and strategic view
- APR Energy Plc
- Atlas Copco AB
- Burtonwood Generator & Switchgear Services Ltd.
- Caterpillar Inc.
- Cummins Inc.
- Doosan Corporation
- Generac Power Systems, Inc.
- HIMOINSA (A YANMAR Company)
- J C Bamford Excavators Ltd
- Kirloskar Electric Company
- Kohler Co.
- Mitsubishi Heavy Industries, Ltd.
- Wacker Neuson SE
- Wärtsilä
- Aggreko plc
- Conclusion & Recommendations
Frequently asked questions about this report
What is the Compound Annual Growth Rate (CAGR) of the diesel generator market through 2030?
The global diesel generator market is estimated to exhibit a CAGR of 6.5% in terms of revenue over the forecast period.
What was the market for diesel generator valued at in 2019?
The diesel generator Market was worth US$ 15 billion in 2019.
What factors are expected to propel the global diesel generator market?
Expansion of commercial and industrial infrastructure, increasing demand from off-grid applications, and increasing investment in product innovation & development are the key attributes complimenting the growth of global diesel generator market.
What are some of the uses of diesel generator?
Diesel generator are largely used in the Standby power, Peak shaving, Continuous power and Others.
Which segment accounted for the largest diesel generator market share?
Asia Pacific contributed the largest share to the global market and is anticipated to be a dominating segment throughout the forecast period owing to expanding applications base across the leading countries.
Which are leading players in the diesel generator market?
Major participants in the diesel generator industry comprise Aggreko plc, APR Energy Plc, Atlas Copco AB, Burtonwood Generator & Switchgear Services Ltd., Caterpillar Inc., Cummins Inc., Generac Power Systems, Inc., HIMOINSA (A YANMAR Company), J C Bamford Excavators Ltd, Kirloskar Electric Company, Kohler Co., Mitsubishi Heavy Industries, Ltd., Wacker Neuson SE, and Wärtsilä..