USD 13.86 billion
Diesel Generator Market Size, Share, Growth Analysis, By Application(Continuous Load, Peak Load, Standby Load), By End-User(Mining, Oil & Gas, Construction, Residential), By Power Rating(0-100 kVA, 100-350 kVA, 350-1000 kVA, above 1000 kVA), By Portability(Stationary and Portable), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG55A2025 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|Tables:
125
|Figures:
77
Diesel Generator Market Insights
Diesel Generator Market size was valued at USD 13.86 billion in 2019 and is poised to grow from USD 15.16 billion in 2023 to USD 34.64 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).
Rising global demand for electricity and the growing public concern over the frequency of power outages are driving market growth. The World Bank said that the number of power outages in businesses over a normal month grew from 2.42 in the year 2020 to 6.19 in the year 2021. The need for reliable power sources, such as standby generators, is increasing as people become more concerned about power outages. When a generator is used as a standby, it is generally known as a Transfer switch. This mechanical device prevents the generator from being attached at the same time. The reliability of these generators is from 30% to 50% and is an integration of engine and alternator productivity. During the projected period, this is expected to propel the expansion of the global diesel generator market. One industry that depends on a steady supply of electricity for efficient operations is the industrial sector. Due to the industry's reliance on electricity for daily operations, a power outage might cause these businesses to suffer enormous losses. Depending on the needs of the end-user, these generators come in a variety of load handling capacities that help provide standby power. Furthermore, it is anticipated that there would be a significant increase in demand for diesel generators, which will propel market expansion, due to the surge in urbanization, rising industrialization, and rising number of small, medium, and big businesses.
US Diesel Generator Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Continuous Load
Fastest Growth
Continuous Load
Growth Rate
9.4% CAGR
Global Diesel Generator Market 2021-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
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Diesel Generator Market Segmental Analysis
Global diesel generator market has been segmented based on application, end-user, power rating, portability, and regions. Based on application, the market is segmented into continuous load, peak load, and standby load. Based on the end-user, the market is segmented into mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, telecommunication, electric utility, data centers, and others. By portability, it is segmented into Stationary and Portable. Based on power rating, the market is segmented into 0-100 kVA, 100-350 kVA, 350-1000 kVA, above 1000 kVA. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Diesel Generator Market Analysis by End-User
The idea of remote work was developed as a result of the coronavirus pandemic, which led to an increase in residential energy use. The demand for a reliable power source has greatly accelerated the uptake of diesel generators among end-users. It is projected that it will keep expanding as residences and apartment buildings become more dependent on power.
Construction industry growth will be fueled by rapidly rising infrastructure development spending, particularly in emerging nations. Due to the discovery of new reserves, rising E&P operations, rising power consumption, and enormous investment potential, the oil and gas industry is anticipated to keep the lion's share among various industries during the forecast period. Increasingly, sectors like railroads, data centers, and agriculture are installing these units to continue their operations.
Diesel Generator Market Analysis by Application
This market may be largely segmented into the continuous load, peak load, and standby load categories depending on application. The continuous load segment growth will be accelerated by the rising demand for dependable power supply in outlying areas to deal with inadequate grid infrastructure. Due to expanding manufacturing operations and the installation of high-power industrial units with variable load operations, the peak load segment size is predicted to see a large increase. Additionally, growing energy security concerns among various end users support the expansion of stand-by load division.
Global Diesel Generator Market by Application, 2021 (%)
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Diesel Generator Market Regional Insights
Asia Pacific has the largest share in the global diesel generator market due to urbanization, rapid industrialization, massive infrastructure development goals, and the building of new facilities are key determinants of regional expansion. The market is expected to expand significantly across the Middle East and Africa growth as a result of the abundance of natural resources and the need for the little capital cost of investigating large reserves. Increasing expenditure to transform residential as well as Infrastructure for business and industry that support expanding production capacity assist in the expansion of the market in this region.
Government initiatives that favorably support energy security and rising manufacturing activities are projected to boost the diesel generator market in North America. Additionally, established DG set producers and significantly rising investments across various end-user industries including mining, construction, medicines, and a variety of others are expected to improve the regional outlook.
A sustained rise is anticipated in Europe and Latin America due to rising continuous electricity needs as a result of the regions' extensive industrialization.
Global Diesel Generator Market By Geography, 2021 - 2028
- Largest
- Fastest
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Diesel Generator Market Dynamics
Diesel Generator Market Driver
- Consumption of oil and gas has significantly expanded as a result of its expanding usage across numerous industry verticals. Additionally, the demand for diesel generator sets is expected to increase due to the increasing discovery of new substantial hydrocarbon reserves and the development of offshore wells.
- The market is expected to grow owing to rising need to address the world's expanding production activities. Additionally, rising costs and investments to provide effective energy management across many industries are expected to open up new business prospects for the sector.
Diesel Generator Market Restraint
- Various organizations all over the world have created various regulatory frameworks and goals to promote the adoption of green technology and reduce dependency on fossil fuels. Countries are investing in renewable energy sources and setting high green energy goals, which could hinder the diesel generator market.
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Diesel Generator Market Competitive Landscape
Global diesel generator market is extremely competitive. Diesel generator manufacturing and supply is a market with many major participants. To increase their appeal to clients, generator sets include value-added features including wireless monitoring, automated power management systems, rapid installation technologies, and portability. Players in the market primarily use partnerships, acquisitions, collaboration, technology releases, and R&D activities. For instance, In June 2021, Caterpillar Inc announced the addition of 12 latest models to the rapidly developing series of Cat® GC diesel generator sets. The new diesel generator set is designed for stationary standby applications and primarily for the global market.
Top Players in the Global Diesel Generator Market
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
- Generac Power Systems Inc.
- Mitsubishi Heavy Industries, Ltd.
- Wärtsilä Corporation
- Yanmar Holdings Co., Ltd.
- MTU Onsite Energy GmbH
- Atlas Copco AB
- Himoinsa S.L.
- Doosan Corporation
- Briggs & Stratton Corporation
- AKSA Power Generation
- Kirloskar Oil Engines Ltd.
- Siemens Energy AG
- Rolls-Royce Holdings plc
- Volvo Penta
- Perkins Engines Company Limited
- Mitsubishi Corporation Power Systems, Inc.
- Powerica Limited.
Diesel Generator Market Recent Developments
- In August 2021, Microsoft is most likely going to deploy Cat diesel generator sets to provide standby power solutions at its data centers in Sweden. In the initial phase of Sweden's data centers, the Cat C175-20 and C18 generator sets offer total standby power options. The renewable liquid fuel Preem Evolution Diesel Plus can be used to power all of the generator sets.
- In October 2021, Cummins Inc. introduced the new SD 20 diesel generator set for commercial mobile applications. The SD 20 is well suited for a range of trailer and vehicle applications, including ambulances, food trucks, mobile command centers, utility boom trucks, mobile medical, and disaster assistance.
Diesel Generator Key Market Trends
- Several companies in the DG Set market are concentrating on broadening the scope of their applications for DG products. Additionally, the businesses focus on releasing new goods with various power ratings to function well in challenging circumstances.
- Due to stringent requirements, industry participants are always concentrating on developing new diesel generators. The diesel gen-sets are more energy-efficient because of these generators' automatic voltage regulators and built-in electronic governors, which automatically adjust the generator engine speed as necessary. During the projection period, additional features such as remote generator set monitoring are anticipated to increase product sustainability.
Diesel Generator Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by end-user, the residential segment dominated the global diesel generator market in 2021 and is anticipated to maintain its dominance over the forecast period. In 2021, Asia Pacific dominated the global market owing to the region's urbanization and rapid industrialization.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.86 billion |
| Market size value in 2031 | USD 34.64 billion |
| Growth Rate | 9.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Diesel Generator Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Diesel Generator Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Diesel Generator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Diesel Generator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Diesel Generator Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Diesel Generator Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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