Global Diesel Genset Market size can balloon at 5.07% CAGR over the forecast period (2018-2025), according to Market Research Future (MRFR). 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
Market Overview
Global Diesel Genset Market size can balloon at 5.07% CAGR over the forecast period (2018-2025), according to Market Research Future (MRFR). 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
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
- Commercial
- Residential
Frequently Asked Questions (FAQ) :
The factors driving the diesel genset market are the mounting demand for uninterrupted and reliable power supply and the escalating number of power outages.
The market is segmented among the segments of power output, probability, end-use, and application.
Europe, North America, the Middle East & Africa, Asia-Pacific, and South America are important regions in gaining massive market share.
Rolls-Royce plc, Kirloskar Electric Company, Yanmar Co Ltd, Atlas Copco AB, JS Power, Generac Power Systems, Inc. are gaining popularity which high market share.
Asia-Pacific is estimated to hold a preponderance of the market share in the future.