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

The diesel generators market is estimated to be valued at USD 20.02 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The diesel generator market has seen steady growth over the past few decades driven by the demand from the commercial, industrial, and residential sectors. As power outages have become more frequent due to grid instability issues, the need for backup power solutions has increased substantially. Diesel generators provide reliable power support during outages while being more economical than gasoline alternatives. They operate on the principle of diesel internal combustion allowing efficient conversion of the fuel's chemical energy into mechanical energy and eventually electricity. Furthermore, technological advancements have made modern diesel generators more fuel efficient and eco-friendly. The compact design of portable diesel generators also appeals to homeowners and construction sites requiring temporary power. With progressing electrification and increasing dependence on power globally, the diesel generator industry is well-positioned for continued expansion.

 Market Dynamics:

The diesel generator market is driven by factors such as growing industrialization and infrastructure development in emerging nations, increasing instances of power outages due to aging power infrastructure, and natural disasters as well as off-grid and backup power needs of corporates and industries. However, stringent emission norms regarding noise and toxic emissions from diesel gensets pose a challenge for vendors. High maintenance costs and operational difficulties related to large immobilized units also hinder the market growth. The growing adoption of natural gas and hybrid generator sets presents an opportunity for market players to expand their product portfolios. Additionally, the rising focus on micro-grids and decentralized renewable energy generation could augment the demand for gensets as supporting power sources.

 Key Features of the Study:

• This report provides an in-depth analysis of the global diesel generators market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global diesel generators market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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, Honda India Power Products Ltd., Yamaha Motor Co Ltd., Mitsubishi Heavy Industries Ltd., Mahindra & Mahindra Ltd., and Kirloskar Oil Engines Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global diesel generators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global diesel generators market

Market Segmentation

• Application:
• • Standby Power
  • Peak Shaving
  • Prime or Continuous Power
• Power Rating:
• • 0-100 Kva
  • 100 – 250 Kva
  • 350 – 1000 Kva
  • 1000 Kva
• End-User:
• • Industrial
  • Commercial
  • Residential
• Regional:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • 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
  • Honda India Power Products Ltd.
  • Yamaha Motor Co Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Mahindra & Mahindra Ltd.
  • Kirloskar Oil Engines Ltd.