Diesel Generator Market To Observe A 6.5 % CAGR In The Forecast Period 2025

Global Diesel Generator Market Research Report Forecast to 2025
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Global Diesel Generator Market Forecast to 2023
Global Diesel Generator Market - Overview
The global diesel generator market has the potential to achieve a growth rate of 5.39% CAGR during the forecast period (2017-2025),
believes Market Research Future (MRFR).
The unmatched growth in the commercial sector is necessitating the use of diesel generators to ensure stable operations. The diesel
generator market has gained significant traction due to the amplified occurrence of natural disasters globally. The mounting critical
applications of diesel generators in power station systems and large-scale data centers are expected to create profitable avenues for
growth in the diesel generator market.
Mounting need for uninterrupted power supply coupled with the surge in power outages is stimulating the growth of the diesel
generator market. Given the benefits such as low use of fuel, high safety level compared to gasoline-powered generators, and supreme
reliability, diesel generators are being extensively used in a variety of industrial applications. Diesel generators are considered as the
most popular type of power backup solution and form close to 80% of the worldwide generators market.
Energy demand in emerging nations is on the rise, in conjunction with the infrastructural growth as well as economic development.
Meanwhile, in developed nations, the improving lifestyle will accelerate the demand for electricity utilities, which are not enough to
cater to the rising power demand. Therefore, to satisfy this massive electricity demand, large investments will be required in huge power
projects, which is not feasible for end-users and the government since such projects need huge capital investment and long construction
times. This factor is expected to boost the demand for diesel generators market in the forthcoming years.
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Furthermore, the global diesel generator market growth is highly dependent on the surging commercial and residential activities. Power
shortfall, unstable power supplies, mature technology, ready fuel availability and low capital cost of a diesel generator also work in favor
of the market. Apart from this, diesel generators act as a backup for the hotel industry, manufacturing industry, hospitals, and others,
offering continuous power supply during severe natural calamities, etc. Frequent power cuts arising from natural disasters like severe
weather events are plaguing different industries, which bolsters market growth across the globe.
Global Diesel Generator Market Forecast to 2023
Global Diesel Generator Market - Competitive Analysis
The market trends hint at favorable development of the products that can bring in novelty to the
product range and address the customer need better. The presence of a productive entity is expected
to generate more sales or superior margins compared to its market rivals. The advent of new
technology has boosted the growth potential of the market. Substantial cutbacks in administrative
finances are bringing further development to the market. The market shows potential for
demonstrating a greater comparative or differential value. The development of a strong value chain is
moreover motivating the expansion of the market. The market competitors find themselves in a
favorable position with the ability to manage the pace of change.
Feb 2019 Rolls Royce has recently signed a contract to deliver its MTU diesel generators to supply
back-up power to the brand-new nuclear power station at Hinkley Point C in Somerset. Rolls Royce is
using its extensive in-house ability to provide four generator sets, all instrumentation and controls,
and full systems integration. This contract is placed together with another for the facility of Hinkley
Point C heat exchangers and associated systems.
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Global Diesel Generator Market Forecast to 2023
Global Diesel Generator Market - Segments
The segmental analysis of the diesel generator market has been carried out the basis of operation,
end-user, portability, and power rating.
Based on portability, the diesel generator market is divided into portable and stationary.
The segmentation on the basis of operation, the diesel generator market is segmented into
standby power, peak savings, and continuous power.
On the basis of power rating, the diesel generator market is segmented into up to 1.0 MW - 5.0
MW, 0.5 MW, 0.5 MW - 1.0 MW, and above 5.0 MW.
On the basis of end user, the diesel generator market is segmented into commercial, industrial and
Global Diesel Generator Market Forecast to 2023
Key Players:
Generac Holdings Inc. (U.S.),
Cummins Inc. (U.S.),
Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (Japan),
Wuxi Kipor Power Co. Ltd. (China),
Caterpillar Inc. (U.S.),
Wartsila Corporation (Finland),
Kohler Co. (U.S.),
Rolls-Royce Power Systems AG (Germany),
MAN Diesel & Turbo SE (Germany),
AKSA Power Generation. (Turkey),
Aggreko PLC (U.K), and
General Electric Company (U.S.).
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The escalated global demand for uninterrupted power transmission is raising the demand for diesel generator sets. Market reports related with the energy and power industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is estimated to attain a 6.5 % CAGR in the duration of the forecast period.