Overview:

The global diesel genset market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Diesel genset is a system or equipment comprises diesel engine with alternator or electric power generator. This system is utilized to generate a power using diesel as a fuel. The diesel genset is also called as diesel generator.

These diesel generators mainly used to supply continuous power supply in case of electricity failure or in remote locations where there is no electricity available. The diesel generators are commonly categorized in two types viz. stationary diesel genset and portable diesel genset.

Market Dynamics:

Growing preference for installation of diesel generators at commercial places to ensure the continuous power supply in case of electricity failure is a major factor driving growth of the global diesel genset market. Now a days, increasing deployment of smart utilities and equipment in commercial and industrial sector has resulted in demand for continuous power supply. The failure of electricity supply may result in huge economic loss owing to operation failures, hence end users are preferring installation of diesel generator as a backup source or alternate source for electricity supply in case of emergency.

In addition, rising industrialization in emerging economies and growing commercial sector are some other key factors resulting in market growth. Also, rising consumer preference for small generator for in-house applications is among the other factors propelling growth of the global market. Additionally, rising demand for electricity owing to increasing urbanization is expected to further drive growth of the global market during the forecast period.

Key Trends:

Growing focus on strategic initiatives such as partnership and collaborations among key players to achieve the major market share is a key trend witnessed in the global diesel genset market. For instance, Atlas Copco AB has announced partnership with Saudi Arabia based Energia MTC in May 2020, to cater the growing demand of diesel generators in the Middle East region. Energia MTC is a leading supplier and rental diesel genset provider in Middle East.

Regional Analysis:

For detailed understanding of market dynamics, the global diesel genset market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the year 2019, Asia Pacific region has dominated the diesel genset market with highest market share in the global market. This is owing to high incidence of power outages and high demand for electricity from industrial and commercial sector. Moreover, increasing industrialization in countries such as India and China is expected to further contribute in the growth of regional market over the forecast period.

However, the target market in Middle East and Africa region is expected to witness significant growth in the coming period. Additionally, Europe and North America also expected to witness considerable growth during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Diesel Genset Market, By Power:

• Low Power Generator (Less than 350 kVA)
• Medium Power Generator (350-1000 kVA)
• High Power Generator (Above 1000 kVA)

Global Diesel Genset Market, By Portability:

• Portable Generators
• Stationary Generators

Global Diesel Genset Market, By Application:

• Standby Power
• Peak Shaving
• Prime or Continuous Power

Global Diesel Genset Market, By End Use:

• Residential
• Commercial
• Industrial

Key Players Covered:

Key players operating in the global diesel genset market includes Caterpillar Inc., Atlas Copco AB, Cummins Inc., Briggs & Stratton Corporation, AKSA Power Generation, Kohler Co., Mitsubishi Heavy Industries Ltd., Generac Holdings Inc., Sterling Generators Pvt. Ltd., and Honda Motor Company, Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Diesel Genset Market by power, portability, application, end use, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global diesel genset market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.