Diesel Generator Market to Grow at 5.5% CAGR through 2027;

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Pune, India, October 20, 2021 (GLOBE NEWSWIRE) – The world diesel generator market the size is expected to reach $ 16.85 billion by the end of 2027. Growing applications of the product will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Diesel Generator Market Size, Share and COVID-19 Impact Analysis, By Rated Power (Below 75kVA, 75-375kVA, 375-750kVA and Above 750kVA), By Portability (Stationary & Portable), By Application (Continuous Load, Peak Load, and Standby Load), By End User (Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Telecom & Others) and Regional Forecast, 2020-2027The market was worth USD 12.98 billion and will display a CAGR of 5.5% during the forecast period, 2020-2027.

These generators are equipment that convert the chemical energy stored in diesel into electrical energy for use as a power source. The advent of portable diesel generators as well as compact equipment has responded to the growing need for advanced devices. The increasing investments in the research and development of efficient diesel generators will have a direct impact on the growth of the market in the years to come. The ability of modern diesel generators to handle heavy loads as well as smaller loads has contributed to the growing demand for the product across the world. The increasing demand for products has encouraged companies to adopt new strategies and subsequently the presence of several large-scale companies and increasing investments in advanced generators will emerge in favor of the market growth.

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List of the Companies Featured In the Diesel Generator Market Report:

• Caterpillar Inc. (United States)
• Aggreko (United Kingdom)
• Cummins Inc. (United States)
• Himoinsa (Spain)
• John Deere (United States)
• Kohler-SDMO (France)
• Wartsila (Finland)
• Kirloskar Electric Co. Ltd. (India)
• Generac Power Systems (United States)
• FG Wilson (United Kingdom)
• Atlas Copco (Sweden)
• American Honda Motor Company, Inc. (United States)
• Briggs & Straton (United States)
• Inmesol SLU (Spain)
• HiPower Systems (United States)

Scope and segmentation of Diesel Generator Market report:

Cover of the report Details
Forecast period 2020 to 2027
Forecast period 2020 to 2027 CAGR 5.5%
2027 value projection $ 16.85 billion
Year of reference 2019
Market size in 2019 $ 12.98 billion
Historical data for 2016 to 2018
Number of pages 290
Covered segments Nominal power ; Portability; Application; Final user; and regional
Growth drivers Asia-Pacific to become dominant; Rapid industrialization will help market growth
An increasing number of product innovations will emerge in favor of market growth

Pitfalls and challenges

Strict emissions regulations coupled with increasing integration of clean energy alternatives may hamper market growth

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The Covid-19 pandemic will put an end to production units; SMEs among the most affected categories

The recent coronavirus outbreak has had a drastic impact on several industries around the world. It is noted that SMEs have been the most affected due to efforts to curb the spread of the disease. Measures implemented to minimize the impact of Covid-19 have limited the growth of several businesses to such an extent that a few businesses have been forced to close. Although the stagnation of manufacturing units in the diesel generator set market has had a negative impact, recent efforts to recoup the economic losses will not only appear in favor of companies, but will also help the market recover.

An increasing number of product innovations will emerge in favor of market growth

The report encompasses several factors which have contributed to the growth of the overall market in recent years. Considering the increasing applications of the product in various industry verticals, there is healthy competition in the market. As a result, companies seek to integrate advanced concepts, with the aim of establishing a strong brand presence. In October 2018, Inmesol announced the launch of a new series of silent generators. The company has stated that these products will meet rental applications and have an operating sound pressure relief of approximately 50 dB (A). The company’s latest line of silent generators will have a power rating ranging from 85 kVA to 130 kVA. The increasing number of such product innovations across the world will bode well for the growth of the diesel generator market in the years to come.

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Asia-Pacific to become dominant; Rapid industrialization will help market growth

The report analyzes current market trends in Asia-Pacific, Europe, North America, Latin America, Middle East and Africa. Among all the regions, the Asia-Pacific diesel generator market is expected to hold the largest market share in the coming years. The rapid industrialization, coupled with the increasing number of construction and building activities will emerge in favor of the growth of the regional market. In 2019, the Asia-Pacific market was worth 4.92 billion USD and this value is expected to increase at a considerable rate in the coming years. The increasing population in countries such as India and China will create several growth opportunities for regional and global companies operating in Asia Pacific.

Industry Developments:

april 2020: Kohler-SDMO has announced the launch of a new range of industrial generators with a power between 900 kVA and 1,500 kVA. The company says the new units offer benefits such as performing complex operations, reduced fuel consumption and a bridge between existing rated horsepower products offered by competitors.

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Contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Abstract
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • Key ideas
    • Main emerging trends – for the main countries
    • Key developments: Mergers, Acquisitions, Partnerships, etc.
    • Overview of the regulatory scenario
    • Porters Five Forces Analysis
  • Qualitative analysis – Impact of COVID-19
    • Impact of COVID-19 on the Diesel Generator Market
    • Measures taken by the government to overcome the impact
    • Main developments of industry players in response to COVID-19
    • Opportunities and potential challenges due to the COVID-19 epidemic
  • Global Diesel Generator Market Analysis (USD Billion), Information and Forecast, 2016-2027
    • Main conclusions / Summary
    • Market analysis, information and forecasts – by power rating
      • Below 75 kVA
      • 75-375 kVA
      • 375-750 kVA
      • Above 750 kVA
    • Market analysis, information and forecasts – by portability
    • Diesel Generator Market Analysis, Information and Forecast – by Application
      • Continuous charge
      • Peak load
      • Standby in charge
    • Market analysis, information and forecasts – by end user
      • Mining
      • Petroleum gas
      • Construction
      • Residential
      • Marine
      • Manufacturing
      • Medications
      • Commercial
      • Telecom
      • Others
    • Diesel Generator Market Analysis, Outlook and Forecast – by Region
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America

TOC Continued…!

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