Diesel Genset Market Research Report: Information By Probability (Stationary and Portable), Power Rating (Up to 100 kVA, 100 kVA-350 kVA, 350 kVA-1,000 kVA and Above 1,000 kVA), Application (Standby, Peak Shaving and Continuous), End-Use (Industrial, Commercial and Residential) - Forecast till 2028

Diesel Genset Market Overview

Diesel Generator Market is projected to be worth USD 30.81 billion by 2028, registering a CAGR of 8.70% during the forecast period (2021 - 2028), The market was valued at USD 17.23 billion in 2021.

Diesel genset are used in converting mechanical energy to electrical energy. The need for uninterrupted power supply and frequent power outages in developing economies can provide a large scope of expansion for the market.

COVID-19 Analysis

The COVID-19 pandemic has created the need for uninterrupted power supply for alleviating the burden on healthcare workers. Governments globally are investing in diesel powered generators for uninterrupted power supply and ramping up staff members for stemming the economic impact. Power demands in urban hospitals and rural clinics can drive the demand for diesel gensets.

Market Dynamics

• Drivers


• Opportunities


• Restraints

High Costs of Diesel to Restrain Market Growth

The high costs of diesel are expected to restrain market growth owing to sustainability goals of companies. The fuel costs of diesel that comprise the operational budgets of small clinics and hospitals can lead to its declining demand in the coming years. Optimal solutions for backup power can lead to procurement of hybrid solutions that include diesel run engines.

Challenges

Cumulative Growth Analysis

Segment Analysis

By Portability

By Power Rating

By Application

By End-use

Regional Analysis

Competitive Landscape

Global Diesel Genset Market is comprised of small and large players. The need to cater to the demand for reliable power infrastructure and uninterrupted power can drive the market strategies of major manufacturers and producers. The fast-growing industries and the requirement for sustaining production lines can drive the market demand in the forthcoming years.

Key Companies Covered in the Report

• Kirloskar Electric Company (India)


• Atlas Copco AB (Sweden)


• Mitsubishi Heavy Industries Ltd (Japan)


• Sutton Power Engineering (U.K.)


• Rolls-Royce plc (U.K.)


• General Electric (U.S.)


• Kohler Co. (U.S.)


• Denyo Co. Ltd (Japan)


• JS Power (U.K.)


• Generac Power Systems Inc. (U.S.)


• Ashok Leyland (India)


• Cummins Inc. (U.S.)


• Caterpillar (U.S.)


• Wärtsilä (Finland)


• Yanmar Co Ltd (Japan)

Recent Developments

• Caterpillar Inc, a U.S. corporation, has decided to launch 31 new models for the Cat GC diesel generator sets for electrical contractors. The models available in ranges of 50Hz and 60Hz can meet tight deadlines amid the accelerated pace required in construction projects. The ideal customer base for these generators are commercial enterprises, health clinics, infrastructure, wastewater treatment plants, agriculture facilities, manufacturing, and other small businesses involved in these sectors.


• HIMOINSA, a subsidiary of Yanmar, has collaborated with ‘Principe de Asturias’ Military Regiment for providing diesel generators to the army. It was used for powering fumigation devices and curbing the proliferation of the COVID-19 virus.

Report Scope

Global Diesel Genset Market report has been conceived by Market Research Future (MRFR) with the help of thorough primary and secondary research. The research has been summarized in a comprehensive manner and split into market dynamics, segments, regional analysis, and domestic and international competition. It is segmented in the following manner:

By Portability

• Stationary


• Portable

By Power Rating

• Up to 100 kVA


• 100 kVA -350 kVA


• 350 kVA – 1000 kVA


• Above 1000 kVA

By Application

• Standby Power


• Peak Sharing


• Continuous

By End-use

• Industrial
  
  
  
  • Marine
  
  
  • Land
  
  
  
  


• Commercial


• Residential

Report Scope:

Report Attribute/Metric	Details
Market Size	2028: USD 30.81 billion
CAGR	8.70% CAGR (2021-2028)
Base Year	2020
Forecast Period	2021-2028
Historical Data	2019
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Probability, Power Rating, Application and End-Use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Kirloskar Electric Company (India), Atlas Copco AB (Sweden), Mitsubishi Heavy Industries Ltd (Japan), Sutton Power Engineering (U.K.), Rolls-Royce plc (U.K.), General Electric (U.S.), Kohler Co. (U.S.), Denyo Co. Ltd (Japan), JS Power (U.K.), Generac Power Systems Inc. (U.S.), Ashok Leyland (India), Cummins Inc. (U.S.), Caterpillar (U.S.), Wärtsilä (Finland), Yanmar Co Ltd (Japan)
Key Market Opportunities	New product launches and R&D Amongst major key Players
Key Market Drivers	Need for uninterrupted power supply and frequent power outages in developing economies

Frequently Asked Questions (FAQ) :

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