Market Research Report

Global Diesel Generator Market Research Report: Forecast (2023-2028)

By Application (Peak Shaving, Standby Power, Base Load/Continuous Power), By End User (Government & Utilities, Oil, Gas and Mining, Construction, Telecommunication, Manufacturing,......and Others), By Power Rating (Upto 30 KW, 30-60 KW, 60-150 KW, 150-300KW, 300-500KW, 500-1000KW, and Above 1000 KW), By Region (North America, South America, Europe, Middle East, Africa, and Asia- Pacific), By Country (US, Canada, Mexico, Brazil, Argentina, Colombia, UK, Russia, Germany, Italy, France, Saudi-Arabia, UAE, Oman, Algeria, Nigeria, Libya, South Africa, China, India, Japan, Indonesia), By Company (Caterpiller Inc., APR Energy, Atlas Copco AB, Kirloskar Electric, Cummins Inc., Kohler Co., Agreeko PLC., Generac Power Holdings, Inc., Burtonwood Generator & Switchgear services Ltd., Mitsubishi Heavy Industries,) Read more

  • Energy
  • Jun 2023
  • Pages 222
  • Report Format: PDF, Excel, PPT

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Market Definition

Diesel generators (DG) are appliances that supply power backup during connection breakup to prevent any discrepancies in operations. They work on injected fuel and do not require any grid connection. The fuel is injected into the engine at different intervals.

Market Insights & Analysis: Global Diesel Generator Market (2023-28)

The Global Diesel Generator Market was valued at 18.5 billion in 2022 and is projected to grow at a CAGR of around 10.25% during the forecast period, i.e., 2023-28. The market is driven mainly by the wide recognition of Diesel generators as robust and reliable, ensuring a stable and continuous power supply for critical applications. This makes them highly suitable for sectors such as hospitals, data centers, and industrial facilities where power interruptions can have severe consequences. Similarly, DGs offer a high power output range, catering to both small-scale and large-scale power requirements, enabling them to be utilized across various applications, from individual homes to entire industries.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 10.25%
Regions Covered North America: US, Canada, Mexico
Europe: UK, Russia, Germany, Italy, France
Asia-Pacific: China, India, Japan, Singapore, Indonesia
South America: Brazil, Argentina, Colombia
Middle East & Africa: Saudi Arabia, UAE, Oman, Qatar, Algeria, Nigeria, Libya, South Africa, Egypt
Key Companies Profiled Caterpiller Inc., APR Energy, Atlas Copco AB, Kirloskar Electric, Cummins Inc., Kohler Co., Agreeko PLC., Generac Power Holdings, Inc., Burtonwood Generator & Switchgear services Ltd., Mitsubishi Heavy Industries,
Unit Denominations USD 18.5 Billion

 

Fuel availability is another significant factor driving the market growth, as diesel fuel is widely accessible worldwide through well-established distribution networks. Moreover, diesel fuel is relatively affordable compared to alternative options, contributing to the cost-effectiveness of diesel generators. Furthermore, they are known for their durability and adaptability, with the ability to operate in rugged conditions and extreme temperatures, making them ideal for remote or off-grid locations. Backed by these aspects, the market is likely to enthrall in the coming years.

Global Diesel Generator Market Drivers:

Mounting Energy Requirements Paired with Frequent Power Outages Worldwide - As Energy consumption continues to elevate with growing urbanization, exploding population, and evolving industries, power outages have become quite prominent, raising concerns worldwide, especially in developing countries. According to the IEA’s Electricity Market Report 2023, the growth in world electricity demand is anticipated to accelerate to an average of 3% over the next three years.


Global Diesel Generator Market Research Report: Forecast (2023-2028)

Further, the constantly changing weather conditions resulting in droughts and heat waves have necessitated air conditioning, thereby triggering massive power outages. For example, India last year witnessed the highest-ever peak in power demand due to severe heat waves. Along similar lines, central and eastern regions of China experienced heatwaves and drought, resulting in higher demand for air conditioning amid reduced hydropower generation in Sichuan province. Given the increasing electricity consumption and constant power outage, the need for flexible and reliable power systems has augmented, subsequently hinting at the broader adoption of power generators like diesel generators and, in turn, contributing to the market growth.

Global Diesel Generator Market Challenges: 

A Sudden Shift to Sustainable Energy Solutions In A Bid To Reduce Carbon Footprints - The global diesel generator market faces restraints due to rising environmental concerns and the need for low-emission sources to meet climate goals. Governments worldwide are implementing initiatives to reduce carbon emissions and promote sustainable energy solutions, which poses a challenge to the market. The increasing emphasis on transitioning to cleaner and more sustainable alternatives threatens the demand for DGs. As economies strive to achieve secure electricity supplies while addressing climate change, the market for diesel generators encounters constraints in the global context.

Global Diesel Generator Market (2023-28): Segmentation Analysis

The Global Diesel Generator Market study from MarkNtel Advisors analyses the major trends in each sub-segment and includes predictions for the period 2023–2028 at the global, regional, and country levels. The market has been segmented in the report based on Type and End User.

Based on Type,

  • Standby
  • Prime & Continuous Power
  • Peak Shaving

The Prime & Continuous Power segment is expected to attain accelerating growth as a result of simultaneously spurring demand for reliable power supply in remote places. Continuous or prime generators are widely preferred to meet the growing electricity demand in offshore or remote locations such as construction, ships, mining, and oil and gas operations. Besides, their deployment is also evident at places exhibiting the need to keep up with poor grid infrastructure, further driving the sales of Diesel generators.

Based on End User,

  • Residential
  • Commercial
  • Healthcare
  • Government & Transport
  • Oil & Gas
  • Industrial
  • Equipment Rental Companies

The Industrial sector leads the global diesel generator market, which is expected to have the largest market share. Ongoing construction activities worldwide, driven by government infrastructure developments, contribute to the demand for DGs to deliver continuous and reliable power supply at construction sites. Besides, the expansion of the oil and gas sector in the Gulf and Latin American countries, a significant consumer of DGs, further fuels market growth.

The Commercial Sector is projected to acquire the second-largest Diesel Generator Market share. DGs are increasingly used as reliable power backup systems in government centers, data centers, hospitals, and educational institutes to ensure uninterrupted operations during power outages and voltage fluctuations.

Similarly, Diesel generators are valued as dependable backup power sources during transmission losses and distribution network failures, enabling homeowners to access essential power appliances in emergencies. Thus, the residential sector is also witnessing rapid growth due to frequent power cuts and increasing household electricity demands.

Global Diesel Generator Market (2023-28): Regional Analysis

Geographically, the Global Diesel Generator Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

The Asia-Pacific (APAC) region, with a prominent focus on China, India, and Southeast Asia, is projected to be a key driver of growth in the global diesel generator market. More than 70% of the anticipated increase in global electricity demand over the next three years is expected to originate from these countries. China, in particular, is forecasted to account for a record one-third of global electricity consumption by 2025.

India has also demonstrated strong growth in electricity consumption. Considering these factors, the APAC region, led by China and India, is expected to play a significant role in shaping the growth and demand for diesel generators in the global market.

Besides, limited grid infrastructure in rural and remote areas and the need for emergency backup power during natural disasters collectively contribute to the growing demand for diesel generators in the APAC region, serving as reliable power sources for various applications and ensuring uninterrupted operations in critical sectors. Other than these, rapid infrastructure development, energy access in remote regions, and the construction of data centers to support digital services have led to further market expansion.

Global Diesel Generator Industry Recent Development:

  • In February 2023, Caterpillar unveiled the Cat XQ330 mobile DG set, a cutting-edge power solution designed to meet the U.S. EPA Tier 4 Final emission standards. This innovative generator set offers a reliable and efficient power solution for both standby and prime power applications.
  • In August 2022, Caterpillar Inc. notified the extension of its standby diesel generator sets, adding three new 60 Hz power nodes from 20 to 30 kW for telecommunications, small industrial, and commercial applications in North America.
  • In 2022: Cummins launched C1000D6RE, a 1MW twin-pack rental diesel generator fitted with a QSX15 engine. With this launch, the company seeks to cater to the EPA targets without requiring a Diesel Particulate Filter.

Gain a Competitive Edge with Our Global Diesel Generator Market Report

  1. Global Diesel Generator Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Global Diesel Generator Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations

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Frequently Asked Questions

   A. The Diesel Generator Market is projected to grow at a CAGR of around 10.25% during 2023-28.

   A. Mounting energy requirements paired with frequent power outages worldwide is likely to drive the market further during the projected time frame.

   A. The prominent players anticipated to stiffen the competition globally are Caterpillar Inc., APR Energy, Atlas Copco AB, Kirloskar, Cummins Inc., Kohler Co., Aggreko PLC., Generac Power Holdings, Inc, etc.

   A. Prime & Continuous Power segment is anticipated to emerge as an area of remunerative opportunities for the leading players in the market during the forecast period.

   A. Globally, Asia-Pacific would provide lucrative prospects for the Diesel Generator Market in the years ahead.

   A. Governments worldwide are implementing initiatives to reduce carbon emissions and promote sustainable energy solutions, which poses a challenge to the market for diesel generators.

Global Diesel Generator Market Research Report (2023-2028) - Table of Contents

 

  1. Introduction
    1. Research Process
    2. Assumption
    3. Market Segmentation
    4. Market Definition
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Global Diesel Generator Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Application
        1. Peak Shaving
        2. Standby Power
        3. Base Load/Continuous Power
      2. By End User
        1. Government & Utilities
        2. Oil, Gas & Mining
        3. Construction
        4. Manufacturing
        5. Telecommunications
        6. Others
      3. By Power Rating
        1. Upto 30 KW
        2. 30-60 KW
        3. 60-150 KW
        4. 150-300KW
        5. 300-500KW
        6. 500-1000KW
        7. Above 1000 KW
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East
        5. Africa
        6. Asia-Pacific
      5. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in Markntel Quadrant
  5. North America Diesel Generator Market Outlook (2018- 2028)
    1. Market Size & Analysis
      1. By Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Application
      2. By End User
      3. By Power Rating
      4. By Country
        1. US
        2. Mexico
        3. Canada
    3. The US Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    4. Canada Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    5. Mexico Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
  6. South America Diesel Generator Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Application
      2. By End User
      3. By Power Rating
      4. By Country
        1. Brazil
        2. Argentina
        3. Colombia
    3. Brazil Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    4. Argentina Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    5. Colombia Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
  7. Europe Diesel Generator Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Application
      2. By End User
      3. By Power Rating
      4. By Country
        1. UK
        2. Russia
        3. Germany
        4. Italy
        5. France
    3. UK Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    4. Russia Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    5. Germany Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    6. Italy Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    7. France Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
  8. Middle East Diesel Generator Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Application
      2. By End User
      3. By Power Rating
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. Oman
        4. Qatar
    3. Saudi Arabia Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    4. UAE Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    5. Oman Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    6. Qatar Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
  9. Africa Diesel Generator Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Application
      2. By End User
      3. By Power Rating
      4. By Country
        1. Algeria
        2. Nigeria
        3. Libya
        4. South Africa
        5. Egypt
    3. Algeria Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    4. Nigeria Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    5. Libya Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    6. South Africa Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
  10. Asia-Pacific Diesel Generator Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Equipment
      2. By Fuel Type
      3. By Application
      4. By End User
      5. By Power Rating
      6. By Country
        1. China
        2. India
        3. Japan
        4. Singapore
        5. Indonesia
    3. China Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    4. India Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    5. Japan Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
    6. Indonesia Diesel Generator Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Application
        2. By End User
        3. By Power Rating
  11. Global Diesel Generator Market Policies, Regulations, Product Standards  
  12. Global Diesel Generator Market Trends & Insights
  13. Global Diesel Generator Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  14. Global Diesel Generator Market Hotspot and Opportunities
  15. Global Diesel Generator Market Key Strategic Imperatives for Success and Growth
  16. Competitive Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Fuel Type
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Caterpiller Inc.
      2. APR Energy
      3. Atlas Copco AB
      4. Kirloskar Electric
      5. Cummins Inc.
      6. Kohler Co.
      7. Agreeko PLC.
      8. Generac Power Holdings, Inc.
      9. Burtonwood Generator & Switchgear services Ltd.
      10. Mitsubishi Heavy Industries
  17. Disclaimer


Diesel Generator Market Segmentation

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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