Diesel Genset Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Diesel Genset Market: 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), Commercial (IT & Telecom, Healthcare, Others), Residential and Geography (North America, Europe, Asia Pacific, Latin America, and MEA), and Forecast to 2028

 

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Report

Description

Diesel Genset Market was valued at USD 15,835.2 million in 2021 and is poised to grow at a significant CAGR of 3.7% over 2022–2028. 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.

Recent Market 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

MARKET SUMMARY
-
3.7%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 3.7%
  • Largest Market– Europe
  • Fastest Growing Market– North-America

Diesel Genset Market

  • The global diesel genset market report gives wide-ranging viewpoint on diesel genset through the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global diesel genset market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application, and region.
  • Key stakeholders of the global diesel genset market report include suppliers, manufacturers, and marketers, policy makers engaged in global diesel genset products.
Key Players
  • Caterpillar
  • Kohler Co.
  • Cummins, Inc.
  • MTU Onsite Energy GmbH
  • AB Volvo
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.


North-America Got Significant Share

Diesel Genset Market

The diesel Genset market in North America is likely to hold a significant revenue share in 2022, and in the following years, it is predicted to increase rapidly. Owing to increased expenses of power outages across a variety of IT-enabled service organizations and data centers, as well as raising customer awareness of the need for a reliable emergency power supply Furthermore, the market is driven by the increasing vulnerability of grid power stations to disasters induced by shifting weather conditions around the North American region. Due to considerable increases in energy and telecom demand, Asia Pacific led the global diesel generator market in the telecom industry.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • 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 startup’s details that are actively working in the market
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Diesel Genset Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The diesel genset market is projected to expand at a CAGR of 3.7% during the forecast period

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

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


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Diesel Genset Market Introduction
    • Global Diesel Genset Market – Taxonomy
    • Global Diesel Genset Market –Definitions
      • By Type
      • By Application
  1. Global Diesel Genset Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Diesel Genset Market Dynamic Factors – Impact Analysis
    • Global Diesel Genset Market – Competition Landscape
  2. Global Diesel Genset Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Diesel Genset Market, By Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Below 100 KW
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 100-500 KW
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 500 KW-1000 KW
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • >1000 KW
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Diesel Genset Market, By Application, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Residential
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Comercial
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Marine
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Diesel Genset Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Diesel Genset Market – Opportunity Analysis Index, By Type, By Application, and Region, 2019 – 2025
  2. North America Diesel Genset Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Below 100 KW
      • 100-500 KW
      • 500 KW-1000 KW
      • >1000 KW
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Industrial
      • Marine
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Diesel Genset Market – By Type, Application, and Country, 2019 – 2025
    • North America Diesel Genset Market Dynamics – Trends
  3. Europe Global Diesel Genset Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Below 100 KW
      • 100-500 KW
      • 500 KW-1000 KW
      • >1000 KW
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Industrial
      • Marine
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Diesel Genset Market – By Type, Application, and Country, 2019 – 2025
    • Europe Diesel Genset Market Dynamics – Trends
  4. Asia Pacific Diesel Genset Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Below 100 KW
      • 100-500 KW
      • 500 KW-1000 KW
      • >1000 KW
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Industrial
      • Marine
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Asia Diesel Genset Market – Opportunity Analysis Index, By Type, Application, and Country, 2019 – 2025
    • Asia Diesel Genset Market Dynamics – Trends
  5. Latin America Diesel Genset Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Below 100 KW
      • 100-500 KW
      • 500 KW-1000 KW
      • >1000 KW
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Industrial
      • Marine
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Diesel Genset Market – Opportunity Analysis Index, By Type, Application, and Country, 2019 – 2025
    • Latin America Diesel Genset Market Dynamics – Trends
  6. Middle East and Africa Diesel Genset Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Below 100 KW
      • 100-500 KW
      • 500 KW-1000 KW
      • >1000 KW
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Residential
      • Commercial
      • Industrial
      • Marine
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Diesel Genset Market – Opportunity Analysis Index, By Type, Application, and Country, 2019 – 2025
    • MEA Diesel Genset Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Caterpillar (Illinois)
      • Kohler Co. (Wisconsin)
      • Cummins, Inc. (Indiana)
      • MTU Onsite Energy GmbH (Germany)
      • AB Volvo (Sweden)
      • Mitsubishi Hitachi Power Systems Ltd. (Japan)
      • Briggs & Stratton Corporation (USA)
      • Kipor Power (China)
      • Generac Power Systems, Inc. (USA)
      • HIMOINSA S.L.(Spain)
      • APR Energy (Florida)
      • GE Energy (Georgia)
      • Pramac S.p.A. (Italy)
      • G. Wilson (Florida)
      • JCB Inc. (Georgia)
      • Wartsila (Finland)
      • Kirloskar Oil Engines Limited (India)
      • Atlas Copco AB (Sweden)
      • Wacker Neuson. SE (Germany)
      • Yanmar Co., Ltd.(Japan)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • 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

Description

Diesel Genset Market was valued at USD 15,835.2 million in 2021 and is poised to grow at a significant CAGR of 3.7% over 2022–2028. 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.

Recent Market 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.

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