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Diesel Genset Market Trends

ID: MRFR/EnP/8063-CR
185 Pages
Priya Nagrale
July 2023

Diesel Genset Market Research Report Information By Power Capacity (5kVA-75kVA, 76kVA-375kVA, 376kVA-750kVA and 750kVA-1MW) By Application (Standby Power, Peak Shaving, Prime or Continuous Power), End-user (Mining, Oil & Gas, Construction, Marine, Residential, Commercial, Others), By Region - Global Forecast to 2035

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Market Trends

Key Emerging Trends in the Diesel Genset Market

In recent years, the diesel genset market has witnessed notable shifts in its trends, influenced by various factors ranging from technological advancements to regulatory changes and economic fluctuations. One prominent trend is the growing demand for diesel gensets in emerging economies, driven by rapid industrialization and urbanization. Countries like India and China have seen a surge in the deployment of diesel gensets, particularly in sectors such as manufacturing, construction, and telecommunications, where reliable power backup is essential for uninterrupted operations.

Moreover, there has been a noticeable emphasis on energy efficiency and sustainability in the diesel genset market. With increasing concerns about environmental impact and rising fuel costs, manufacturers are focusing on developing more fuel-efficient and environmentally friendly genset solutions. This has led to the integration of advanced technologies such as hybrid systems, intelligent controls, and exhaust after-treatment systems, which not only reduce emissions but also improve overall performance and reliability.

Another significant trend shaping the diesel genset market is the shift towards decentralized power generation. With the growing need for reliable electricity supply in remote areas and off-grid locations, diesel gensets are being increasingly deployed as standalone power systems. This trend is particularly evident in sectors like mining, agriculture, and healthcare, where access to the main power grid may be limited or unreliable.

Furthermore, the rise of renewable energy sources such as solar and wind has had a dual impact on the diesel genset market. On one hand, the increasing penetration of renewables has led to a reduction in the overall demand for backup power solutions, particularly in regions with favorable renewable energy policies and incentives. On the other hand, diesel gensets are being increasingly used as backup or hybrid systems to complement intermittent renewable energy sources, ensuring continuous power supply and grid stability.

In addition to these overarching trends, there are several market-specific dynamics influencing the diesel genset industry. For instance, in regions with inadequate infrastructure and frequent power outages, the demand for reliable backup power solutions remains high, driving the adoption of diesel gensets. Similarly, in mature markets with stringent emission regulations, there is a growing demand for cleaner and more efficient genset technologies, prompting manufacturers to invest in research and development to meet regulatory requirements.

Moreover, the COVID-19 pandemic has also impacted the diesel genset market, albeit temporarily. The outbreak led to disruptions in supply chains, project delays, and economic uncertainty, resulting in a slowdown in demand for new genset installations. However, as economies recover and businesses resume operations, the demand for reliable power backup solutions is expected to rebound, driving growth in the diesel genset market once again.

The diesel genset market is characterized by dynamic trends driven by a combination of technological innovation, regulatory changes, and shifting market dynamics. While challenges such as environmental concerns and competition from renewable energy sources persist, the market continues to evolve with a focus on energy efficiency, sustainability, and reliability. As industries and economies strive for continuous growth and development, diesel gensets are expected to remain a vital component of the global power generation landscape.

Author
Priya Nagrale
Senior Research Analyst

With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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FAQs

How much is the Diesel Genset Market?

The size of the Diesel Genset Market size was estimated at US$ 16.65 Bn in 2022

What is the growth rate of the Diesel Genset Market?

The global market for Diesel Genset is expected to expand at a CAGR of 6.5% during the forecast period 2024-2030.

Which region held the largest market share in the Diesel Genset Market?

Asia Pacific held the largest market share in the Diesel Genset Market

Who are the key players in the Diesel Genset Market?

Key players in the Diesel Genset Market are: Cummins Inc. (US), Aggreko Ltd (UK), SDMO (France), PRAMAC (Italy), Generac Holdings Inc. (US), HIMOINSA (Spain), Caterpillar (US), Atlas Copco (Sweden), Doosan Corp (South Korea) and AB Volvo (Sweden)

Which Power Capacity led the Diesel Genset Market?

5 kVA–75 kVA Power Capacity led the Diesel Genset Market

Which Application had the largest market share in the Diesel Genset Market?

Industrial Application had the largest market share in the Diesel Genset Market

Market Summary

As per MRFR analysis, the Diesel Genset Market Size was estimated at 18.88 USD Billion in 2024. The Diesel Genset industry is projected to grow from 20.11 USD Billion in 2025 to 37.75 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.5 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Diesel Genset Market is poised for growth driven by technological advancements and increasing energy demands.

  • North America remains the largest market for diesel gensets, driven by robust industrial activities and infrastructure development.
  • The Asia-Pacific region is the fastest-growing market, fueled by rising energy demands and urbanization.
  • Standby power systems dominate the market, while prime power solutions are experiencing rapid growth due to their versatility.
  • Key market drivers include rising energy demand and an increased focus on energy security, particularly in remote areas.

Market Size & Forecast

2024 Market Size 18.88 (USD Billion)
2035 Market Size 37.75 (USD Billion)
CAGR (2025 - 2035) 6.5%
Largest Regional Market Share in 2024 Asia-Pacific

Major Players

<p>Caterpillar (US), Cummins (US), Kohler (IT), MTU (DE), Perkins (GB), Wärtsilä (FI), Generac (US), Honda (JP), Atlas Copco (SE)</p>

Market Trends

The Diesel Genset Market is currently experiencing a dynamic evolution, driven by various factors that influence demand and supply. The increasing reliance on backup power solutions across multiple sectors, including healthcare, telecommunications, and construction, appears to be a primary catalyst for growth. Additionally, the rising need for uninterrupted power supply in remote areas, where grid connectivity remains a challenge, suggests a sustained interest in diesel generators. Furthermore, advancements in technology, particularly in fuel efficiency and emissions reduction, indicate a shift towards more environmentally friendly options within the market. This trend may enhance the appeal of diesel gensets, as they become more compliant with stringent regulations. Moreover, the Diesel Genset Market seems to be influenced by the growing trend of hybrid power systems, which combine diesel generators with renewable energy sources. This integration could potentially provide a more sustainable solution for energy needs, appealing to environmentally conscious consumers and businesses. As industries continue to prioritize sustainability, the demand for hybrid systems may rise, further shaping the market landscape. Overall, the Diesel Genset Market is poised for continued growth, driven by technological advancements and evolving consumer preferences, while also navigating the challenges posed by environmental regulations and competition from alternative energy sources.

Technological Advancements

Recent innovations in diesel generator technology focus on enhancing fuel efficiency and reducing emissions. These improvements not only comply with stricter environmental regulations but also appeal to consumers seeking cost-effective solutions.

Hybrid Power Systems

The integration of diesel generators with renewable energy sources is gaining traction. This trend reflects a growing preference for sustainable energy solutions, as businesses and consumers alike seek to minimize their carbon footprint.

Increased Demand for Backup Power

The rising need for reliable backup power across various sectors, such as healthcare and telecommunications, is driving the Diesel Genset Market. This demand is particularly pronounced in regions with unstable grid infrastructure.

Diesel Genset Market Market Drivers

Market Growth Projections

The Global Diesel Genset Market Industry is poised for substantial growth, with projections indicating a market value of 37.7 USD Billion by 2035. This growth trajectory reflects the increasing reliance on diesel generators across various sectors, driven by factors such as infrastructure development, energy demands, and technological advancements. The anticipated CAGR of 6.03% from 2025 to 2035 suggests a robust market environment, with opportunities for innovation and expansion. As industries continue to evolve and adapt to changing energy landscapes, diesel gensets are likely to remain a vital component of power generation strategies worldwide.

Increased Adoption in Remote Areas

The Global Diesel Genset Market Industry sees increased adoption of diesel generators in remote and off-grid areas where access to electricity is limited. In many developing regions, diesel gensets provide a practical solution for powering homes, schools, and healthcare facilities. This trend is particularly relevant in Africa and parts of Asia, where the lack of reliable grid infrastructure necessitates alternative power sources. The ability of diesel generators to deliver consistent power in these areas enhances their appeal, contributing to the market's growth. As more communities seek energy independence, the demand for diesel gensets is expected to rise, further expanding their market presence.

Rising Energy Costs and Fuel Prices

Rising energy costs and fuel prices are driving the Global Diesel Genset Market Industry as businesses seek cost-effective solutions for their power needs. With fluctuating energy prices, companies are increasingly turning to diesel generators as a means to control operational costs. Diesel gensets provide a stable power source that can be more economical in the long run, especially for industries with high energy consumption. As the market evolves, it is anticipated that the demand for diesel generators will continue to grow, particularly in sectors where energy efficiency is paramount. This trend underscores the importance of diesel gensets in managing energy expenditures.

Infrastructure Development Initiatives

Infrastructure development initiatives globally contribute significantly to the growth of the Global Diesel Genset Market Industry. Governments and private sectors are investing heavily in infrastructure projects, including roads, bridges, and airports, which require reliable power sources for construction activities. Diesel gensets are often deployed at construction sites to provide the necessary power for machinery and equipment. This trend is expected to continue, with the market projected to grow at a CAGR of 6.03% from 2025 to 2035. As infrastructure projects expand, the demand for diesel generators will likely increase, further solidifying their position in the energy landscape.

Growing Demand for Reliable Power Supply

The Global Diesel Genset Market Industry experiences a surge in demand for reliable power supply across various sectors, including healthcare, telecommunications, and manufacturing. As industries increasingly rely on uninterrupted power for operations, diesel generators serve as a dependable backup solution. In 2024, the market is projected to reach 19.8 USD Billion, reflecting the critical role of diesel gensets in ensuring operational continuity. This trend is particularly evident in regions with unstable power grids, where businesses invest in diesel generators to mitigate risks associated with power outages. The increasing reliance on diesel gensets underscores their importance in maintaining productivity and efficiency.

Technological Advancements in Diesel Generators

Technological advancements in diesel generators are transforming the Global Diesel Genset Market Industry. Innovations such as improved fuel efficiency, reduced emissions, and enhanced automation features are making diesel gensets more appealing to consumers. Manufacturers are increasingly focusing on developing eco-friendly solutions that comply with stringent environmental regulations. These advancements not only enhance the performance of diesel generators but also align with global sustainability goals. As a result, the market is likely to benefit from the growing preference for advanced diesel gensets that offer both reliability and environmental compliance, thus attracting a broader customer base.

Market Segment Insights

By Application: Standby Power (Largest) vs. Prime Power (Fastest-Growing)

<p>The Diesel Genset market's application segment is primarily dominated by Standby Power, which accounts for a significant portion of overall market share. Standby Power solutions are essential for businesses and residential users who require backup electricity during outages. This segment is widely adopted across various sectors, including healthcare, data centers, and manufacturing. On the other hand, Prime Power is capturing increasing attention, catering to industries needing uninterrupted power supply for extended periods, highlighting its growing presence in the market.</p>

<p>Standby Power (Dominant) vs. Prime Power (Emerging)</p>

<p>Standby Power remains the leading application within the Diesel Genset market, recognized for its reliability and effectiveness in providing power during grid failures. Its strong demand stems from the need for assurance in critical operations, particularly in healthcare facilities and essential services. In contrast, Prime Power is emerging robustly, appealing to industries like construction and events that require consistent energy, often running non-stop. The shift towards renewable energy sources and regulatory support for clean power solutions further propels Prime Power's adoption, marking it as a dynamic force in the market.</p>

By End Use: Industrial (Largest) vs. Residential (Fastest-Growing)

<p>The Diesel Genset Market is experiencing a diverse distribution across its end-use segments with industrial applications holding the largest share. Industries such as manufacturing, oil and gas, and data centers heavily rely on diesel generators for backup and primary power supply due to their robustness and reliability. Following closely are commercial uses, driven by shopping complexes and hospitals that require uninterrupted power. In contrast, the residential segment is gaining traction, marked by a rising trend in home backup systems, particularly in areas prone to power outages, contributing to its rapid growth.</p>

<p>Residential (Emerging) vs. Industrial (Dominant)</p>

<p>The residential segment of the Diesel Genset Market is emerging as a significant player, driven by increasing electricity demand in households and a growing awareness of the importance of reliable power sources. Homeowners are increasingly investing in diesel gensets for backup during outages, as well as for daily use in remote areas. Contrastingly, the industrial segment remains dominant, powered by extensive applications across diverse industries such as manufacturing and construction. These generators are favored for their high efficiency, durability, and ability to operate under demanding conditions, thereby solidifying their position as the backbone of industrial power solutions.</p>

By Fuel Type: Diesel (Largest) vs. Biodiesel (Fastest-Growing)

<p>In the Diesel Genset Market, the distribution of fuel types varies significantly, with Diesel being the largest segment. Its prominence can be attributed to its widespread use in backup and prime power applications, particularly in industries such as construction, mining, and commercial facilities. Following Diesel, Biodiesel is gaining traction due to increasing environmental concerns and government mandates promoting renewable energy sources. Other fuel types like Natural Gas, Dual Fuel, and Renewable Diesel, while present, hold comparatively smaller shares in the market.</p>

<p>Biodiesel (Emerging) vs. Diesel (Dominant)</p>

<p>Diesel remains the dominant fuel type in the Diesel Genset Market, praised for its reliability, efficiency, and established infrastructure. It is preferred in situations requiring robust power output and durability. Conversely, Biodiesel is an emerging segment, benefiting from the push towards sustainability and reduced emissions. As technology advances and blends become more acceptable, Biodiesel is gaining market acceptance among eco-conscious consumers. Its renewability and lower carbon footprint position it as an attractive alternative fuel, potentially reshaping the market landscape in the coming years. The dual fuel option also provides flexibility and supports the transition towards cleaner fuel alternatives, adding to the dynamics of the segment.</p>

By Power Rating: 500-1000 kVA (Largest) vs. Below 100 kVA (Fastest-Growing)

<p>The Diesel Genset Market exhibits a varied distribution of market share across different power ratings. The 500-1000 kVA segment stands out as the largest, driven by its widespread applications in industrial and commercial settings. The smaller power rating segments, particularly below 100 kVA, have witnessed rapid growth due to increasing demand in residential and small business applications, leading to a significant shift in market dynamics. Growth trends in the Diesel Genset Market for these power ratings are influenced by factors such as rising urbanization, increasing energy demands, and the need for backup power solutions. The below 100 kVA segment has particularly benefitted from a surge in small-scale enterprises and residential needs. In contrast, the 500-1000 kVA segment's strength lies in its reliability and efficiency for larger facilities, ensuring sustained market presence amidst competitive pressures.</p>

<p>500-1000 kVA (Dominant) vs. Below 100 kVA (Emerging)</p>

<p>The 500-1000 kVA segment in the Diesel Genset Market is characterized by its dominance due to its robust applications in larger industrial sectors, including manufacturing and healthcare. This segment is highly favored for its efficiency and ability to provide uninterrupted power, making it a vital component for operations that require reliability. The growing trend towards smart technologies and eco-friendly solutions has also led manufacturers to innovate within this segment, enhancing performance and emissions management. In contrast, the below 100 kVA segment is emerging rapidly, primarily fueled by the increasing reliance on backup power in homes and small businesses, where affordability and portability are crucial. As urban areas expand and power quality issues persist, this segment is expected to grow effectively, responding to the needs of modern consumers seeking efficient energy solutions without compromising on cost.</p>

By Cooling System: Air Cooled (Largest) vs. Liquid Cooled (Fastest-Growing)

<p>In the Diesel Genset market, the cooling system segment showcases a diverse mix of technologies, with air-cooled systems leading the market largely due to their simplicity, low maintenance requirements, and cost-effectiveness. Liquid-cooled systems, however, are gaining traction as they manage higher thermal loads efficiently, appealing more to industrial applications in need of reliability and performance. This distribution highlights not only the preferences but also the unique operational contexts for each cooling type. The growth trends within this segment reveal a dynamic landscape shaped by technology advancements and changing regulatory environments. Liquid-cooled gensets are on an upward trend, driven by the increasing demand for higher efficiency and lower emissions. The shift toward eco-friendly solutions and the rising prevalence of hybrid and water-cooled systems underscore a growing awareness of sustainable practices, showcasing the market's evolution towards more advanced cooling technologies.</p>

<p>Air Cooled (Dominant) vs. Water Cooled (Emerging)</p>

<p>Air-cooled systems dominate the Diesel Genset market due to their inherent advantages, such as ease of installation and operational efficiency in small to mid-scale applications. Their adaptability to varying environmental conditions makes them a preferred choice among end-users. On the other hand, water-cooled systems, although currently classified as emerging, are becoming increasingly relevant due to their ability to support larger power outputs and their efficiency in maintaining optimal thermal regulation. As industries evolve, the need for systems that can handle demanding operational requirements is fostering the growth of water-cooled technologies, which are seen as a complementary solution for robust performance in heavy-duty applications.</p>

Get more detailed insights about Diesel Genset Market Research Report - Global Forecast till 2035

Regional Insights

North America : Established Market with Growth Potential

The North American diesel genset market is projected to reach $4.0 billion by 2025, driven by increasing demand for reliable power solutions across various sectors, including construction and healthcare. Regulatory support for cleaner energy solutions and the push for energy independence are key growth catalysts. The region's focus on infrastructure development and disaster recovery plans further enhances the demand for diesel gensets, ensuring a robust market presence. Leading countries in this region include the US and Canada, where major players like Caterpillar and Cummins dominate the market. The competitive landscape is characterized by innovation and technological advancements, with companies investing in R&D to enhance efficiency and reduce emissions. The presence of established manufacturers ensures a steady supply chain, catering to diverse customer needs and preferences.

Europe : Innovative Solutions and Sustainability Focus

The European diesel genset market, valued at $3.5 billion, is experiencing growth driven by stringent regulations aimed at reducing emissions and promoting sustainable energy solutions. The region's commitment to renewable energy integration and backup power solutions is a significant demand driver. Countries are increasingly adopting policies that favor cleaner technologies, which is reshaping the market landscape and encouraging investment in advanced genset technologies. Germany, the UK, and France are leading the market, with key players like MTU and Kohler actively participating in the transition towards greener solutions. The competitive environment is marked by collaborations and partnerships aimed at enhancing product offerings. The presence of innovative companies ensures that the market remains dynamic, catering to the evolving needs of consumers and businesses alike.

Asia-Pacific : Rapid Growth and Market Expansion

The Asia-Pacific diesel genset market is the largest globally, projected to reach $10.0 billion by 2025. This growth is fueled by rapid industrialization, urbanization, and increasing energy demands in countries like China and India. The region's focus on infrastructure development and the need for reliable power supply in remote areas are significant drivers. Additionally, government initiatives promoting energy security and sustainability are catalyzing market expansion. China and India are the leading countries in this market, with a competitive landscape featuring major players like Generac and Honda. The presence of these key manufacturers ensures a diverse range of products catering to various sectors, including construction, telecommunications, and agriculture. The market is characterized by intense competition, with companies continuously innovating to meet the growing demand for efficient and reliable power solutions.

Middle East and Africa : Emerging Market with Growth Opportunities

The Middle East and Africa diesel genset market, valued at $1.38 billion, is poised for growth driven by increasing energy demands and infrastructural developments. The region's reliance on diesel power solutions, particularly in remote and off-grid areas, is a significant demand driver. Additionally, government initiatives aimed at enhancing energy access and reliability are fostering market growth, making it an attractive region for investment in diesel gensets. Leading countries include South Africa and the UAE, where key players like Atlas Copco are establishing a strong presence. The competitive landscape is evolving, with local manufacturers emerging alongside established global players. This dynamic environment encourages innovation and adaptation to meet the unique energy needs of the region, ensuring a promising outlook for the diesel genset market.

Key Players and Competitive Insights

The Diesel Genset Market is currently characterized by a competitive landscape that is both dynamic and multifaceted. Key growth drivers include the increasing demand for reliable power solutions across various sectors, particularly in regions experiencing infrastructural development. Major players such as Caterpillar (US), Cummins (US), and Wärtsilä (FI) are strategically positioned to leverage their technological advancements and extensive distribution networks. Caterpillar (US) focuses on innovation in fuel efficiency and emissions reduction, while Cummins (US) emphasizes its commitment to sustainability through the development of hybrid and electric gensets. Meanwhile, Wärtsilä (FI) is enhancing its operational focus on digital transformation, integrating smart technologies into its genset offerings, which collectively shapes a competitive environment that prioritizes technological prowess and sustainability.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. The market structure appears moderately fragmented, with a mix of established players and emerging companies vying for market share. This fragmentation allows for diverse offerings, yet the collective influence of key players like Generac (US) and Kohler (IT) is significant, as they continue to innovate and expand their product lines to meet evolving customer needs.

In November 2025, Generac (US) announced the launch of a new line of portable diesel gensets designed for both residential and commercial applications. This strategic move is likely to enhance Generac's market presence by catering to a broader customer base, particularly in regions where power outages are frequent. The introduction of these portable solutions reflects a growing trend towards versatility and adaptability in power generation, aligning with customer demands for reliable and flexible energy sources.

In October 2025, Kohler (IT) unveiled its latest genset model featuring advanced IoT capabilities, allowing for real-time monitoring and predictive maintenance. This innovation not only positions Kohler as a leader in smart technology integration but also addresses the increasing customer preference for efficiency and reliability. The strategic importance of this development lies in its potential to reduce operational costs for end-users while enhancing the overall user experience.

In September 2025, Cummins (US) entered into a strategic partnership with a leading renewable energy firm to develop hybrid power solutions that combine diesel and renewable energy sources. This collaboration is indicative of a broader trend towards sustainability within the Diesel Genset Market, as companies seek to align their offerings with global environmental goals. The partnership is expected to yield innovative products that meet the growing demand for cleaner energy solutions, thereby enhancing Cummins' competitive edge.

As of December 2025, the Diesel Genset Market is witnessing a shift towards digitalization, sustainability, and AI integration, which are defining current competitive trends. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological advancements, reliability, and supply chain efficiency. This transition underscores the importance of innovation and adaptability in maintaining a competitive advantage in a rapidly changing market.

Key Companies in the Diesel Genset Market include

Industry Developments

In June 2023, Sterling Generators allied with Moteurs Baudouin, a French company that manufactures both gas and diesel generators. They will capitalize on Baudouin's legacy of engineering and manufacturing high-quality petrol engines and diesel engines as well as Sterling Generators' sensible engineered auxiliary power solutions, which are fuel efficient and fulfill the latest exhaust emission standards.

Cummins Inc. launched the marine diesel Cummins turbo (MDCT) genset in May 2023. This reliable genset can be fitted with either a low or high kW Cummins B4.5 auxiliary engine, resulting in genset ratings of 40 kWe - 80 kWe and 80 kWe - 110 kWe respectively. An MDCT generator set has been made for sale and is expected to start shipping by the end of this year.

In July 2022, Octopus Hydrogen and GeoPura partnered to develop green hydrogen for a game-changing cleaner technology that would replace dirty diesel generators. This partnership is expected to help decarbonize numerous industries by providing fossil fuel substitutes in the context in which they are being used.

The Indian government sweeps its focus towards improving the economy through increased infrastructure spending, mainly on roads, railways and metro rail, among others; there are huge growth opportunities for Diesel Generators in Metro Rail projects with the new metro rail policy being contemplated currently by every big city across India.

On the other hand, in February 2022, A subcommittee of the government's air quality council removed the ban on diesel generator sets in Delhi-NCR today, effective immediately. The panel reported that air quality has improved recently and is anticipated to improve further in the coming days.

The industrial sector, which includes mining, manufacturing, agriculture and construction, accounts for the highest energy consumption among any end user. Therefore, this is likely to increase demand for diesel gensets due to the increasing need for uninterrupted power supply from these sectors, particularly institutions in health care delivery, pharmaceuticals industry and factories.

July 2022 Cummins Inc. launched a new 1MW twinpack rental generator, the C1000D6RE, which offers a competitive rental power solution for a diverse range of applications throughout North America. The C1000D6RE is a twinpack that combines two 500kW, 15L Cummins generators into a 40ft power unit with aftertreatment. As a result, the C1000D6RE can deliver dependable, high output performance and still comply with Tier 4 final emissions regulation. The generator is capable of masterless load demand and can be used in parallel with other rental power solutions.

March 2022 Mitsubishi Heavy Industries launched a new MGS-R Series of diesel generator sets. The new series, which was created to meet the expanding demands of the digital economy and is primarily aimed at data centers in Asian and Middle Eastern markets, also provides a dependable backup power solution for commercial facilities like office buildings and shopping centers.

October 2021 Generac, a leading manufacturer of mobile light towers, generators, heaters, pumps, and dust suppression solutions, launched two large new diesel units – the MDE330 and MDE570 diesel mobile generators, which are aimed at providing ease of operation and maintenance. The rental-ready machines feature wide-opening removable doors to maximize serviceability by allowing the technician to reach all service points more easily. The rugged steel design and construction allow for operation for a variety of applications, regardless of weather conditions.

October 2020 Aggreko launched its Tier 4 Final-compliant generators, a lower-emission fleet of solutions ranging from 25 kW to 1200 kW. Tier 4 Final generators are intended to meet the Environmental Protection Agency's stricter emissions regulations in the United States and Canada. To remove harmful pollutants, all units in the fleet use a variety of advanced exhaust treatment processes. These systems achieve a 98% reduction in particulate volume and a 96% reduction in NOx emissions when compared to traditional generators.

Future Outlook

Diesel Genset Market Future Outlook

<p>The Diesel Genset Market is projected to grow at a 6.5% CAGR from 2024 to 2035, driven by increasing energy demands, industrialization, and infrastructure development.</p>

New opportunities lie in:

  • <p>Expansion into renewable hybrid systems for enhanced efficiency.</p>
  • <p>Development of smart monitoring solutions for predictive maintenance.</p>
  • <p>Targeting emerging markets with tailored financing options for genset purchases.</p>

<p>By 2035, the Diesel Genset Market is expected to solidify its position as a key player in global energy solutions.</p>

Market Segmentation

Diesel Genset Market End Use Outlook

  • Residential
  • Commercial
  • Industrial
  • Telecommunications
  • Construction

Diesel Genset Market Fuel Type Outlook

  • Diesel
  • Biodiesel
  • Natural Gas
  • Dual Fuel
  • Renewable Diesel

Diesel Genset Market Application Outlook

  • Standby Power
  • Prime Power
  • Continuous Power
  • Peak Shaving
  • Remote Power

Diesel Genset Market Power Rating Outlook

  • Below 100 kVA
  • 100-500 kVA
  • 500-1000 kVA
  • Above 1000 kVA

Diesel Genset Market Cooling System Outlook

  • Air Cooled
  • Liquid Cooled
  • Hybrid Cooling
  • Water Cooled

Report Scope

MARKET SIZE 202418.88(USD Billion)
MARKET SIZE 202520.11(USD Billion)
MARKET SIZE 203537.75(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.5% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledCaterpillar (US), Cummins (US), Kohler (IT), MTU (DE), Perkins (GB), Wärtsilä (FI), Generac (US), Honda (JP), Atlas Copco (SE)
Segments CoveredApplication, End Use, Fuel Type, Power Rating, Cooling System
Key Market OpportunitiesIntegration of renewable energy sources with Diesel Genset systems for enhanced efficiency and sustainability.
Key Market DynamicsRising demand for efficient power solutions drives innovation and competition in the diesel genset market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

FAQs

How much is the Diesel Genset Market?

The size of the Diesel Genset Market size was estimated at US$ 16.65 Bn in 2022

What is the growth rate of the Diesel Genset Market?

The global market for Diesel Genset is expected to expand at a CAGR of 6.5% during the forecast period 2024-2030.

Which region held the largest market share in the Diesel Genset Market?

Asia Pacific held the largest market share in the Diesel Genset Market

Who are the key players in the Diesel Genset Market?

Key players in the Diesel Genset Market are: Cummins Inc. (US), Aggreko Ltd (UK), SDMO (France), PRAMAC (Italy), Generac Holdings Inc. (US), HIMOINSA (Spain), Caterpillar (US), Atlas Copco (Sweden), Doosan Corp (South Korea) and AB Volvo (Sweden)

Which Power Capacity led the Diesel Genset Market?

5 kVA–75 kVA Power Capacity led the Diesel Genset Market

Which Application had the largest market share in the Diesel Genset Market?

Industrial Application had the largest market share in the Diesel Genset Market

  1. EXECUTIVE SUMMARY
    1. MARKET ATTRACTIVENESS ANALYSIS
      1. GLOBAL DIESEL GENSET MARKET, BY PORTABILITY
      2. GLOBAL DIESEL GENSET MARKET, BY APPLICATION
      3. GLOBAL DIESEL GENSET MARKET, BY POWER RATING
      4. GLOBAL DIESEL GENSET MARKET, BY END USE
      5. GLOBAL DIESEL GENSET MARKET, BY REGION
  2. MARKET INTRODUCTION
    1. DEFINITIONS
    2. SCOPE OF THE STUDY
    3. RESEARCH OBJECTIVE
    4. MARKET STRUCTURE
    5. KEY BUYING CRITERIA
  3. RESEARCH METHODOLOGY
    1. RESEARCH PROCESS
    2. PRIMARY RESEARCH
    3. SECONDARY RESEARCH
    4. MARKET SIZE ESTIMATION
    5. FORECAST MODEL
    6. LIST OF ASSUMPTIONS
  4. MARKET INSIGHTS
  5. MARKET DYNAMICS
    1. INTRODUCTION
    2. DRIVERS
      1. GROWING DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY
      2. INCREASING NUMBER OF POWER OUTAGES
    3. RESTRAINTS
      1. ADOPTION OF GAS-POWERED GENSETS
    4. OPPORTUNITIES
      1. ELECTRIFICATION OF UNELECTRIFIED AREAS IN DEVELOPING COUNTRIES
  6. MARKET FACTOR ANALYSIS
    1. SUPPLY CHAIN ANALYSIS
      1. RAW MATERIAL & COMPONENT SUPPLY
      2. MANUFACTURE & ASSEMBLY
      3. SALES & DISTRIBUTION39
      4. END USE
      5. AFTERSALES
    2. PORTER’S FIVE FORCES MODEL
      1. THREAT OF NEW ENTRANTS
      2. BARGAINING POWER OF SUPPLIERS
      3. BARGAINING POWER OF BUYERS
      4. THREAT OF SUBSTITUTES
      5. RIVALRY
  7. GLOBAL DIESEL GENSET MARKET, BY PORTABILITY
    1. OVERVIEW
    2. STATIONARY
    3. PORTABLE
  8. GLOBAL DIESEL GENSET MARKET, BY POWER RATING
    1. OVERVIEW
    2. UP TO 100 KVA
    3. 100 KVA–350 KVA
    4. 350 KVA–1,000 KVA
    5. ABOVE 1,000 KVA
  9. GLOBAL DIESEL GENSET MARKET, BY APPLICATION
    1. OVERVIEW
    2. STANDBY POWER
    3. PEAK SHAVING
    4. CONTINUOUS
  10. GLOBAL DIESEL GENSET MARKET, BY END-USE
    1. OVERVIEW
    2. INDUSTRIAL
      1. MARINE
      2. LAND
    3. COMMERCIAL
    4. RESIDENTIAL
  11. GLOBAL DIESEL GENSET MARKET, BY REGION53
    1. OVERVIEW
    2. NORTH AMERICA
      1. US
      2. CANADA
      3. MEXICO
    3. EUROPE
      1. UK
      2. RUSSIA
      3. GERMANY
      4. FRANCE
      5. ITALY
      6. REST OF EUROPE
    4. ASIA-PACIFIC
      1. CHINA
      2. INDIA
      3. JAPAN
      4. SOUTH KOREA
      5. REST OF ASIA-PACIFIC
    5. MIDDLE EAST & AFRICA
      1. SAUDI ARABIA
      2. UAE
      3. SOUTH AFRICA
      4. ALGERIA
      5. NIGERIA96
      6. REST OF MIDDLE EAST & AFRICA
    6. SOUTH AMERICA
      1. BRAZIL
      2. ARGENTINA
      3. REST OF SOUTH AMERICA
  12. COMPETITIVE LANDSCAPE
    1. COMPETITIVE OVERVIEW
    2. COMPETITIVE BENCHMARKING
    3. MARKET SHARE ANALYSIS
  13. COMPANY PROFILES
    1. CUMMINS INC.
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    2. CATERPILLAR
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    3. MITSUBISHI HEAVY INDUSTRIES, LTD
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    4. WÄRTSILÄ127
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    5. KOHLER CO.
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    6. ROLLS-ROYCE PLC
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    7. KIRLOSKAR ELECTRIC COMPANY
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    8. YANMAR CO LTD
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    9. ATLAS COPCO AB
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    10. JS POWER
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    11. GENERAC POWER SYSTEMS, INC.
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    12. GENERAL ELECTRIC
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    13. ASHOK LEYLAND
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    14. SUTTON POWER ENGINEERING
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    15. DENYO CO. LTD.
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS

Diesel Genset Market Segmentation

Diesel Genset Market Power Capacity Outlook (USD Million/Tons, 2019-2030)

  • 5kVA-75kVA
  • 76kVA-375kVA
  • 376kVA-750kVA
  • 750kVA-1MW

Diesel Genset Market Application Outlook (USD Million/Tons, 2019-2030)

  • Commercial
  • Residential
  • Industrial

Diesel Genset Market Regional Outlook (USD Million/Tons, 2019-2030)

  • North America Outlook (USD Million/Tons, 2019-2030)

    • North America Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • North America Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • US Outlook (USD Million/Tons, 2019-2030)

    • US Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • US Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Canada Outlook (USD Million/Tons, 2019-2030)

    • Canada Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Canada Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

  • Europe Outlook (USD Million/Tons, 2019-2030)

    • Europe Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Europe Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Germany Outlook (USD Million/Tons, 2019-2030)

    • Germany Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Germany Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • France Outlook (USD Million/Tons, 2019-2030)

    • France Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • France Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • UK Outlook (USD Million/Tons, 2019-2030)

    • UK Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • UK Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • ITALY Outlook (USD Million/Tons, 2019-2030)

    • Italy Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Italy Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial
      •  

    • Spain Outlook (USD Million/Tons, 2019-2030)

    • Spain Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Spain Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Rest Of Europe Outlook (USD Million/Tons, 2019-2030)

    • Rest Of Europe Diesel Genset Market by Power Capacity

      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Rest of Europe Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

  • Asia-Pacific Outlook (USD Million/Tons, 2019-2030)

    • Asia-Pacific Diesel Genset Market by Power Capacity

      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Asia-Pacific Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • China Outlook (USD Million/Tons, 2019-2030)

    • China Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • China Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Japan Outlook (USD Million/Tons, 2019-2030)

    • Japan Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Japan Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

 

    • India Outlook (USD Million/Tons, 2019-2030)

    • India Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • India Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Australia Outlook (USD Million/Tons, 2019-2030)

    • Australia Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Australia Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Rest of Asia-Pacific Outlook (USD Million/Tons, 2019-2030)

    • Rest of Asia-Pacific Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Rest of Asia-Pacific Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

  • Middle East & Africa Outlook (USD Million/Tons, 2019-2030)

    • Middle East & Africa Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Middle East & Africa Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

 

    • Saudi Arabia Outlook (USD Million/Tons, 2019-2030)

    • Saudi Arabia Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Saudi Arabia Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • UAE Outlook (USD Million/Tons, 2019-2030)

    • UAE Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • UAE Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • South Africa Outlook (USD Million/Tons, 2019-2030)

    • South Africa Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • South Africa Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Rest of Middle East & Africa Outlook (USD Million/Tons, 2019-2030)

    • Rest of Middle East & Africa Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Rest of Middle East & Africa Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

  • South America Outlook (USD Million/Tons, 2019-2030)

    • South America Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • South America Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Brazil Outlook (USD Million/Tons, 2019-2030)

    • Brazil Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Brazil Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Argentina Outlook (USD Million/Tons, 2019-2030)

    • Argentina Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Argentina Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Rest of South America Outlook (USD Million/Tons, 2019-2030)

    • Rest of South America Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Rest of South America Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial
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