The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The diesel generator market size has grown strongly in recent years. It will grow from  $19.48 billion in 2023 to $20.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid industrialization, increase in energy demand and consumption, and rise in focus on electricity generation using fossil fuel energy sources. The diesel generator market size is expected to see strong growth in the next few years. It will grow to  $27.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.  The growth in the forecast period can be attributed to expanding construction industry, thriving growth of manufacturing industry, and remote work revolution. Major trends in the forecast period include improving the efficiency of diesel generators, developing rental generators, hybridization of diesel generators, designing compact and mobile solutions, and integration of advanced technologies such as remote monitoring, predictive maintenance, and data analytics.

The expansion of the construction industry is anticipated to be a key driver for the growth of the diesel generator market in the forecast period. As construction projects continue to grow, the need for reliable power sources becomes paramount to sustaining operations through various development stages. Diesel generators emerge as critical backup power solutions, ensuring uninterrupted operations on construction sites where grid power may be unreliable or unavailable. In August 2023, the U.S. Census Bureau reported a 3.5% increase in construction expenditure, reaching $1,938.4 billion in June 2023 from the estimated expenditure of $1,873.2 billion in June 2022. Additionally, Oxford Economics projected the global construction output to grow from $9.7 trillion in 2022 to $13.9 trillion by 2037 in March 2023. Hence, the expanding construction industry remains a driving force for the diesel generator market. In 2028, this market is aligned with the projected growth in the construction industry, as outlined by Oxford Economics.

Get A Free Sample On The Diesel Generator Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=6794&type=smp

What Are The Key Trends That Influence Diesel Generator Market Share Analysis?

Technological innovation is a major trend in the diesel generator market. Companies are focusing on advancing diesel generator technologies to enhance their market position. Innovations include noise reduction, emissions control systems, combustion chamber modifications, and advanced power output. For instance, in August 2021, Cummins India Limited introduced the QSK60 G23: 2500-2750 kVA Diesel Generator set. This generator, made in India, offers increased power density, reduced downtime, lower ownership costs, and a minimized carbon footprint, targeting sectors such as data centers and large infrastructure projects with rising power needs.

Which Market Players Are Driving Growth In The Diesel Generator Market?

Major companies operating in the market are Mitsubishi Heavy Industries Ltd, Caterpillar Inc, Cummins Inc, Rolls-Royce Holdings plc, Generac Holdings Inc, Aggreko, Atlas Copco AB, Yanmar Co. Ltd., Wartsila Corporation, Doosan Portable Power, Wuxi Huayou Power Equipment Co. Ltd, GIANT Power OEM Co. Ltd, Detra (HK) International, Jiangsu Dohigh Generator Trading Co. Ltd, Shangyu Diesel Engine Co. Ltd, Yanmar Holdings Co. Ltd, Kubota Corporation, Honda India Power Products Limited, Enrogen, Excel Power Ltd, JS Power, German Generator GmbH, Fischer Panda GmbH, Energy XPRT, Andoria-Mot Ltd, Dfme Sp. Z O. O, Poland Generators Manufacturers, Kohler Co, Powerhouse Diesel Generators Inc, Smith’s Diesel and Power Systems, BC Diesel Generators, GAL Power Systems, MWM Motors Diesel Inc, Tupy S.A, Soenergy Sistemas Int De Energia, Geraforte Grupos Geradores LTDA, Jubaili Bros, Ultimate Power Solution Fzc, AQT Generators, Ade Power, Algen Power Generation, Mikano International Limited

How Is The Global Diesel Generator Market Segmented?

The diesel generator market covered in this report is segmented –

1) By Type: Small Diesel Generator, Medium Diesel Generator, Large Diesel Generator
2) By End User: Industrial, Commercial, Residential
3) By Application: Standby Backup Power, Peak Shaving, Continuous Load
4) By Mobility: Stationery, Portable
5) By Power Rating: 75 kVA, 75-375 kVA, 375-750 kVA, Above 750 kVA

Read The Full Diesel Generator Market Report Here

https://www.thebusinessresearchcompany.com/report/diesel-generator-global-market-report

The Diesel Generator Global Market Report 2024 provides an overview of the diesel generatormarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The diesel generator market forecast analyzes diesel generator market size, diesel generator market share, leading competitor and their market positions.

The Table Of Content For The Diesel Generator Market Include

1. Diesel Generator Market Executive Summary
2. Diesel Generator Market Segments
3. Diesel Generator Market Size And Template Market Growth Rate
4.  Key Diesel Generator Market Trends
5. Major Diesel Generator Market Drivers
……
25. Key Mergers And Acquisitions In The Diesel Generator Market
26. Top Diesel Generator Companies
27. Diesel Generator Market Opportunities And Strategies
28. Diesel Generator Market, Conclusions And Recommendations
29. Appendix

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: