IMARC Group’s latest research report, titled “Diesel Generator Market Report: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” The global diesel generator market reached a value of US$ 15.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 22.14 Billion by 2027, exhibiting a CAGR of 5.80% during 2022-2027. A diesel generator (DG) refers to a machine that transforms chemical energy to electrical energy using a diesel engine and an electric generator. It injects active and reactive powers simultaneously and is reliable, durable, cost-effective, hassle-free, fuel-efficient, etc. Diesel generators are also sturdy, resilient, and can withstand rigorous compression. As a result, they find extensive applications as a primary source of energy production in power plants and as a backup in industrial, residential, and commercial establishments across the globe.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by capacity, application, mobility and end user.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Diesel Generator Market
- Strategies of major players and product offerings
The increasing need for an uninterrupted and reliable power supply is primarily driving the diesel generator market. Moreover, DGs are widely used in rural and remote places as they are easy to install and can be used in conjunction with other energy sources, such as solar power, for offsetting the peaking power needs on the grid. This is further catalyzing the market growth. In addition to this, DGs are utilized as portable generators during operations in offbeat work sites, which is acting as another significant growth-inducing factor. Besides this, the rising product usage in shopping centers and supermarkets is also augmenting the global market. Furthermore, as power outages are unexpected and unpredictable, hospitals require reliable generator backup to provide a fast start-up, which is projected to fuel the diesel generator market over the forecasted period.
Key Players Included in Global Diesel Generator Market Research Report:
- Aksa Power Generation
- Atlas Copco AB
- Briggs & Stratton Corporation
- Caterpillar Inc.
- Cummins Inc.
- Generac Holdings Inc.
- Kirloskar Electric Company Limited
- Kohler Co.
- Mitsubishi Heavy Industries Ltd.
- MTU Onsite Energy (Rolls-Royce plc)
- Wartsila Corporation and Yanmar Co. Ltd.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Capacity:
- 0-100 kVA
- 100-350 kVA
- 350-1000 kVA
- Above 1000 kVA
Breakup by Application:
- Standby Backup Power
- Prime Power
- Peak Shaving Power
Breakup by Mobility:
- Stationary
- Portable
Breakup by End User:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Diesel Generator Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Diesel Generator Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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