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Pulished Date February, 2021
ID: 11183
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Diesel Genset Market Size, Share, Trends and Growth Analysis Report – Segmented By product (low power generators, medium power generators, and high power generators), by power (low power (0-350 kVA), medium power (350-1000 kVA) and high power (above 1000 kVA)) and Region - Industry Forecast | 2021 to 2026

Pulished: February, 2021
ID: 11183
Pages: 175

Diesel Genset Market Value and Growth:

The worldwide diesel Genset market was worth $ 13,773.4 million in 2021, which is predicted to record a CAGR of 6.8% over the foreseen period (2021-2026).

This expansion is primarily attributed to the growing call for relief and stationary relief in various end-use industries, namely marine, oil and gas, manufacturing, healthcare, construction, telecommunications, and automotive. The advantages of diesel generators, such as better energy efficiency and low cost, are also predicted to increase the adoption of diesel gensets in various industries and drive market expansion over the next ten years. A diesel generator is a combination of a diesel engine with an electric generator, thus forming a distributed production unit. The basic function is the production of electricity through an internal combustion engine to produce energy from gaseous fuels. The main advantage of decentralized generation is the rapid increase in electricity compared to traditional generation in power plants. Particularly suitable for remote areas, diesel generators are an effective solution to address power shortages and growing power calls. Heavy industries, commercial areas, information technology (IT) parks, and residential areas are some of the main markets for this industry.

Diesel Genset Market Trends:

The diesel genset market is driven by the need for a reliable, mobile, and easy-to-use backup power source to operate in off-grid locations or in conjunction with existing grid-covered locations. Part of the reason for its popularity is also the inefficiency associated with distributing and transmitting power through cables over long distances. Since the electrical industry aims for a continuous power supply to alleviate any emergency, the diesel genset is likely to be of utmost importance. A potential threat arises in the form of alternative ways to store batteries using benign materials and renewable energy sources.

Recent Developments in the Diesel Genset Market:

  • In 2018, Mahindra powerol introduces its latest line of high-power diesel generators.
  • Pramac, a leader in generator sets and handling equipment, is happy to present its latest range of stationary diesel goods. 

Diesel Genset Market Drivers:

The escalating creation and consumption of data worldwide have led to the development of data centers as a supporting infrastructure for storing and analyzing data and providing related services. Furthermore, technological advancements such as autonomous cars and smart personal assistants, and the growing application of the Internet of Things (IoT), cloud computing, and digital currencies, are predicted to create the need for more data centers, which in turn would stimulate the call for diesel generators to satisfy the auxiliary and main energy needs of these facilities. Diesel gensets are employed to power critical and non-critical components such as servers, backup controls, heating, ventilation, and air conditioning (HVAC) systems and security systems, thus contributing to the expansion of the market.

Diesel Genset Market Restraints:

COVID-19 has negatively impacted the worldwide diesel generator market, closing commercial and industrial facilities in an effort to slow the spread of the disease. In this context, the production of diesel generators has been temporarily suspended in several countries.

Opportunities in the Diesel Genset Market:

Penetration of the existing generator set market coupled with well-established technology provides relief to the diesel genset industry. There is an opportunity to advance the cause of diesel gensets in emerging economies, where many new industries are likely to establish themselves over the next decade. Proper and timely maintenance of generator sets can ensure this goal is achieved by reducing costs and improving performance.

Challenges in the Diesel Genset Market:

However, government efforts to reduce greenhouse gas emissions and rising oil prices are among the main factors that may hamper world market expansion during the foreseen period. The escalating awareness and adoption of environmentally-friendly electric generators can also hamper the call for diesel gensets and slow the expansion of the worldwide diesel genset market to some extent.

Diesel Genset Market Segmentation:

By product:

  • Low power generators
  • Medium power generators
  • High power generators

Among products, the high-power generator segment represents the largest share of the worldwide diesel genset market and is predicted to maintain its dominance over the foreseen period due to the escalating adoption of high-power generators in the commercial sector and the industrial sector. 

By power:

  • Low power (0-350 kVA)
  • Medium power (350-1000 kVA)
  • High power (above 1000 kVA)

The medium power (350-1000kVA) segment is holding with the largest shares of the market. Increasing prevalence for the utilization of electronically operated devices is promoting the growth rate of the market. 

By end-user:

  • Residential
  • Commercial
  • Industrial

Among end-users, the residential segment is predicted to represent the strongest expansion in the worldwide diesel generator market, as the diesel generator offers various advantages such as automatic start and power restoration, 24/7 service, low vibration, and noise. 

Diesel Genset Market Regional Analysis:

 The Diesel Genset report includes the segmentation of Regions:

  •  North America 
  •  Europe 
  •  Asia Pacific 
  •  Latin America 
  •  Middle East & Africa 

During the historical period (2014-2019), APAC had the highest market share of diesel gensets due to the wide adoption of these systems in the commercial and residential sectors, the increase in construction activity, and the high call for diesel generators low power in telecommunications towers. One of the main factors responsible for market expansion in North America is the increase in power outages due to extreme weather conditions, including hurricanes. In such cases, diesel gensets provide power for a growing number of commercial and residential projects. According to reports from the International Monetary Fund (IMF), both the United States and Canada are predicted to experience considerable expansion in their gross domestic product (GDP) due to low mortgage rates, population expansion, and expansion in the sector, developers continue to focus on suburban areas.

 Expansion in the construction of residential and commercial facilities will continue to drive the call for diesel generators to meet primary and backup power needs during construction and tenant occupancy of these facilities. North America has represented the highest revenue share in the worldwide market due to the growing adoption of diesel generators due to the automation of operating benefits and lower costs in the countries of the region. Europe also contributes the second largest part of the worldwide target market. The Asia-Pacific region market is predicted to post lucrative expansion in terms of revenue in the worldwide market during the foreseen period due to escalating adoption to meet the growing energy consumption in the industrial sector in countries in development like India and China. In the region. 

Impact of Covid-19 on Diesel Genset Market:

COVID-19 has disrupted the every sector in unprecedented way. Government has imposed lockdown and ban of flights in the first half of 2020, where there is very less demand for the diesel genset market.  However, slowly the world is coming back into normal by resuming activities across the world. This attribute is likely to boost up the shares of the market tremendously.

Diesel Genset Market Key Players:

  • Caterpillar Inc.
  • Cummins Inc.
  • Kohler Co.
  • Generac Holdings Inc.
  • General Electric Company
  • Denyo Co. Ltd.
  • AB Volvo
  • Kirloskar Oil Engines Limited
  • Atlas Copco AB
  • Siemens AG
  • Yanmar Holdings Co. Ltd.
  • Doosan Corporation
  • Mitsubishi Heavy Industries Ltd.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Diesel Genset Market, By Product                    

                                6.1.1 Low power generators      

                                6.1.2 Medium power generators              

                                6.1.3 High power generators     

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Diesel Genset Market, By Power                       

                                6.2.1 Low power (0-350 kVA)     

                                6.2.2 Medium power (350-1000 kVA)     

                                6.2.3 High power (above 1000 kVA)        

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

                6.3 Diesel Genset Market, By End-User                 

                                6.3.1 Residential              

                                6.3.2 Commercial            

                                6.3.3 Industrial 

                                6.3.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product              

                                7.2.3 By Power 

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product              

                                7.3.3 By Power 

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product              

                                7.4.3 By Power 

                                7.4.4 By End-User           

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product              

                                7.5.3 By Power 

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product              

                                7.6.3 By Power 

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 Caterpillar Inc                            

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Cummins Inc                              

                8.3 Kohler Co                    

                8.4 Generac Holdings Inc                              

                8.5 General Electric Company                    

                8.6 Denyo Co. Ltd                            

                8.7 AB Volvo                     

                8.8 Kirloskar Oil Engines Limited               

                8.9 Atlas Copco AB                          

                8.10 Siemens AG                             

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Diesel Genset Market By Region, From 2021-2026 ( USD Billion )
  2. Global Diesel Genset Market By Product, From 2021-2026 ( USD Billion )
  3. Global Low power generators Market By Region, From 2021-2026 ( USD Billion )
  4. Global Medium power generators Market By Region, From 2021-2026 ( USD Billion )
  5. Global High power generators Market By Region, From 2021-2026 ( USD Billion )
  6. Global Diesel Genset Market By Power, From 2021-2026 ( USD Billion )
  7. Global Low power (0-350 kVA) Market By Region, From 2021-2026 ( USD Billion )
  8. Global Medium power (350-1000 kVA) Market By Region, From 2021-2026 ( USD Billion )
  9. Global High power (above 1000 kVA) Market By Region, From 2021-2026 ( USD Billion )
  10. Global Diesel Genset Market By End-User, From 2021-2026 ( USD Billion )
  11. Global Residential Market By Region, From 2021-2026 ( USD Billion )
  12. Global Commercial Market By Region, From 2021-2026 ( USD Billion )
  13. Global Industrial Market By Region, From 2021-2026 ( USD Billion )

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