Diesel Genset Market: By Application, By Power Rating, By End-User, By Commercial, and Region Forecast 2019-2030

Diesel Genset Market Size, Share, Growth, Trends, and Global Industry Analysis: By Application (Standby Power, Peak Shaving, and Prime or Continuous Power), By Power Rating (0-100 kVA, 100-350 kVA, 350-1000 kVA, and 1000 kVA), By End-User (Industrial (Utilities/Power Generation, Oil & Gas, Others), By Commercial (IT & Telecom, Healthcare, Others), and Region Forecast 2019-2030

Diesel Genset Market size was valued at US$ 16,735.8 million in 2023 and is poised to grow at a significant CAGR of 3.7% from 2024-2030. Increased customer awareness, rising power failures, and amplifying demand load on the main grid are some of the instrumental factors supporting global market statistics. Because of the unit's cost-effectiveness, high reliability, and ability to provide a continuous power supply, the market for residential diesel gen-sets is expected to grow significantly. The application is primarily motivated by the widespread use of generators in residential buildings to meet emergency power needs in the event of a grid failure or blackout. These gensets also act as the source of a primary power supply where the grid supply is inaccessible. The expansion of the business will be aided by strong industrialization and burgeoning construction operations, which include both greenfield and brownfield infrastructure projects. The growing need for automated technologies and digital products has resulted in a significant expansion of data centers and communication stations, which will help to boost the industry's prospects.

Furthermore, rising public funding in the commercial sector, along with expanding efforts in IT and retail, is expected to boost global market demand. Major diesel generator set manufacturers are constantly looking for technical advancements in response to operational constraints such as noise levels, pollutant emission levels, and the ability to operate in extreme environments and climatic conditions such as humidity, sandstorms, and severe weather. Inadequate electricity generation, as well as an increase in the frequency of temporary power outages as a result of weather-related calamities such as earthquakes, hurricanes, and snowstorms, would boost demand for standby diesel generators. Furthermore, the ability to start immediately when an outage happens, lowering the massive downtime costs experienced by a data Center, is expected to boost product acceptance. Increasing per capita income, growing living standards, and a movement in consumer choice toward adopting technologically advanced units are some of the major factors driving global market trends.

Key Developments

  • In February 2021, Kirloskar Oil Engines Limited launched new high-horsepower gensets for the Indian market. With these additions, the company offers a wide range of diesel gensets of 2 kVA to 1,010 kVA power in India.
  • In June 2020, Greaves Cotton Limited launched of its technologically advanced smart gensets, Greaves Genius, which are available across a power range of 5 kVA - 1,250 kVA. They have a smart device, which transmits data at a high speed, thereby allow for the real-time tracking their operations on mobile phones.

Diesel Genset Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.7%

Largest Market

Europe

Fastest Growing Market

North-America

Diesel Genset Market Dynamics

The global energy demand is growing faster than the supply. Power consumption is driven by population increase, infrastructural development, and rapid industrialization in emerging economies. Diesel generators offer several benefits, including lower operating costs and fuel efficiency. As a result, they are trendy in developing countries, particularly in Asia. It has several disadvantages, including noise pollution and releasing dangerous gases, in addition to its benefits. According to the World Nuclear Association, the electricity demand is likely to quadruple from current levels. However, strict pollution laws and the rising integration of renewable energy sources may impede industry growth.

Diesel Genset Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 16,735.8 million

Market CAGR

3.7%

By Power Rating

  • Below 100 KW
  • 100-500 KW
  • 500 KW-1000 KW
  • >1000 KW

By Application

  • Residential
  • Commercial
  • Industrial
  • Marine
  • Others

By End User

  • Industrial
  • Commercial
  • Residential

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The diesel genset market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

The global diesel genset market size was valued at US$ 16,735.8 million in 2023 and is projected to grow at a CAGR of 3.7% from 2024 to 2030.

Caterpillar, Kohler Co., Cummins, Inc., MTU Onsite Energy GmbH, AB Volvo

North-America is the fastest-growing region for the market

1.Executive Summary
2.Global Diesel Genset Market Introduction 
2.1.Global Diesel Genset Market  - Taxonomy
2.2.Global Diesel Genset Market  - Definitions
2.2.1.Power Rating
2.2.2.Application
2.2.3.End User Type
2.2.4.Region
3.Global Diesel Genset Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Diesel Genset Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Diesel Genset Market  By Power Rating, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Below 100 KW
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. 100-500 KW
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. 500 KW-1000 KW
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. >1000 KW
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Diesel Genset Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Residential
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Commercial
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Industrial
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Marine
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Diesel Genset Market  By End User Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Industrial
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Commercial
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Residential
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Diesel Genset Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Diesel Genset Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Power Rating Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Below 100 KW
9.1.2.100-500 KW
9.1.3.500 KW-1000 KW
9.1.4.>1000 KW
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Residential
9.2.2.Commercial
9.2.3.Industrial
9.2.4.Marine
9.2.5.Others
9.3.  End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Industrial
9.3.2.Commercial
9.3.3.Residential
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Diesel Genset Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Power Rating Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Below 100 KW
10.1.2.100-500 KW
10.1.3.500 KW-1000 KW
10.1.4.>1000 KW
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Residential
10.2.2.Commercial
10.2.3.Industrial
10.2.4.Marine
10.2.5.Others
10.3.  End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Industrial
10.3.2.Commercial
10.3.3.Residential
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Diesel Genset Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Power Rating Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Below 100 KW
11.1.2.100-500 KW
11.1.3.500 KW-1000 KW
11.1.4.>1000 KW
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Residential
11.2.2.Commercial
11.2.3.Industrial
11.2.4.Marine
11.2.5.Others
11.3.  End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Industrial
11.3.2.Commercial
11.3.3.Residential
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Diesel Genset Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Power Rating Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Below 100 KW
12.1.2.100-500 KW
12.1.3.500 KW-1000 KW
12.1.4.>1000 KW
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Residential
12.2.2.Commercial
12.2.3.Industrial
12.2.4.Marine
12.2.5.Others
12.3.  End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Industrial
12.3.2.Commercial
12.3.3.Residential
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Diesel Genset Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Power Rating Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Below 100 KW
13.1.2.100-500 KW
13.1.3.500 KW-1000 KW
13.1.4.>1000 KW
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Residential
13.2.2.Commercial
13.2.3.Industrial
13.2.4.Marine
13.2.5.Others
13.3.  End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Industrial
13.3.2.Commercial
13.3.3.Residential
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.AKSA power generation company
14.2.2.Atlas Copco AB
14.2.3.Caterpillar
14.2.4.Cummins Inc.
14.2.5.Doosan Portable Power
14.2.6.Generac Power System Inc.
14.2.7.Honda India Power Products Ltd.
14.2.8.Kohler Co.
14.2.9.Rolls-Royce plc
14.2.10.Wartsila Corporation
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • AKSA power generation company
  • Atlas Copco AB
  • Caterpillar
  • Cummins Inc.
  • Doosan Portable Power
  • Generac Power System Inc.
  • Honda India Power Products Ltd.
  • Kohler Co.
  • Rolls-Royce plc
  • Wartsila Corporation

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