Global Diesel Generator Market Size, Forecasts, And Opportunities – Includes Diesel Generator Market Share
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The global diesel generator market is expected to grow from $16.93 billion in 2021 to $18.09 billion in 2022 at a compound annual growth rate (CAGR) of 6.82%. The global diesel generator market size is expected to grow to $25.35 billion in 2026 at a compound annual growth rate (CAGR) of 8.80%.
The rise in demand for continuous and stable power supply is expected to propel the growth of the diesel generator market.
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The diesel generator market consists of sales of diesel generators by entities (organizations, sole traders, and partnerships) that are used to produce electric energy by using an electric generator with a diesel engine. It is mostly used for emergency power supply in case of an electric shut down. The primary fuel of a diesel generator is liquid fuel or natural gas.
Global Diesel Generator Market Segments Include:
By Type: Small Diesel Generator, Medium Diesel Generator, Large Diesel Generator
By Mobility: Stationary, Portable
By Power Rating: Below 75kVA, 75-375kVA, 375-750kVA, Above 750kVA
By Application: Standby Backup Power, Peak Shaving, Others
By End-User: Industrial, Commercial, Residential
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global diesel generator market in 2021.
Technological advancement is a key trend gaining popularity in the diesel generator market. Major companies operating in the diesel generator market are focused on providing technologically advanced diesel generators to strengthen their market position. These companies are implementing next-generation advancements in diesel generator technologies such as noise reduction, emissions control systems, combustion chamber modifications, advanced power output, offsite monitoring systems, and others. These advanced diesel generators are offered to meet the industry demand for maximum output with reduced environmental impacts.
TBRC’s Diesel Generator Market Report Covers:
Major Market Players: Atlas Copco, Caterpillar Inc, Cummins, FG Wilson, Generac, Kirloskar Electric Co Ltd, Kohler Co, SDMO, Briggs & Stratton, AKSA Power Generation, HIMOINSA SL, Pramac, Honda Siel Power Products Ltd, Cooper Corp and Mahindra.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Diesel Generator Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides diesel generator market overviews, analyzes and forecasts market size, share, diesel generator market players, diesel generator market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s diesel generator market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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