DIESEL GENERATORS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024- 2031)

Key Developments

• Kirloskar Oil Engines Ltd (KOEL) launched a new iGreen genset in June 2022. The iGreen version 2.0 is powered by the R550 series of engines and offers good fuel efficiency and high power quality. Kirloskar Oil Engines Limited specializes in manufacturing both air-cooled and water-cooled engines and diesel-generating sets across a wide range of power outputs from 2.1 kW to 5,200 Kva.
• The Government E-Marketplace (GEM) floated a tender in December 2021 for the installation project of diesel generator sets at the head office of the Ministry of Commerce & Industry in New Delhi, India. The tender required the supply of at least five DG sets for backup power supply.
• In July 2021, Qulliq Energy Corp. accelerated the replacement of community diesel gensets that had exceeded their useful lives, following the decommissioning of Grise Fiord's aging diesel plant. The new diesel gensets have enhanced the reliability of the community's power supply. Diesel generator sets play a vital role in providing backup power solutions in various sectors, including residential, commercial, and industrial settings.
• In December 2021, Enregon, a diesel generator firm based in the U.K., announced a deal to provide 30 megawatts (MW) of diesel generators to a data center in the Middle East. Although specific details regarding the exact location were not provided in the search results, the contract marked Enregon's largest deal yet, valued at (US$10 million).