Diesel Genset Market, By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, and >750 kVA), By End-user (Residential, Commercial, and Industrial), By Application (Standby, Peak Shaving, and Prime/Continuous), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Diesel genset market accounted for USD 14.23 Billion in 2020 and is estimated to be USD 25.61 Billion by 2030 and is anticipated to register a CAGR of 6.1%.

A diesel genset generator is mainly a group of a diesel engine along with an electric generator. Its basic function is energy generation through an inner combustion engine to produce energy from gaseous fuels. The main advantage of distributed production is the rapid growth of electrical energy as contrast to conventional generation in power plants. It is a portable power source that uses motor to generate electricity. It is able to run a container for up to 5 days without the need to refill fuel. A genset is attached to a reefer container and is used for perishable goods being transported overseas or on a truck. In this case, the reefer container needs an additional source of power to keep the shipment cooled. It is creating AC electrical current. It can be used to supply range of applications such as schools, hospitals, factories and homes.

Rising demand of diesel genset in end user industries

Foremost companies in the diesel gensets market are constantly struggling to find the next-generation diesel generators owing to strict regulations. The next-generation generators have in-built automatic voltage regulators and electronic governors. These technologies mechanically control the speed of generator engines as required, thus making the generators more energy-efficient. Furthermore, they add some extra features such as remote monitoring of genset. These developments might provide the sustainability to diesel gensets, thereby promoting the market growth. Governments of various countries are focusing on several targets to achieve significant improvement in the rural electrification rate, surge power outages in the urban areas, and increase longer timeframe needed to set up the distribution and transmission infrastructure are some of the boosting factors for the diesel generator market.

However, rapidly expanding natural gas generator technology and rising availability of natural gas coupled with growing deployment of renewables as alternative power source, and maintenance challenges for diesel generators are the limiting factors for the target market growth.

Diesel genset market is segmented based on power rating, end-user, application, and region.

On the basis of power rating, the global diesel genset market is segmented into <75 kVA, 75-375 kVA, 375-750 kVA, and >750 kVA. On the basis of end-user, the target market is classified into residential, commercial, and industrial. On the basis of application, the target market is classified into standby, peak shaving, and prime/continuous.

Regional Insights:

On region the global diesel genset market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to emerge as the major diesel genset market across the global owing to increasing populace and constant demand-supply gap in power energy. The Asia Pacific diesel genset market is projected to rise at a substantial rate on account of the presence of a huge number of key players including Kirloskar Electric Co. Ltd., Caterpillar Inc., Cummins Inc., F.G. Wilson Inc., and Himoinsa S.L. Additionally, Asia Pacific is expected to witness the fastest development in terms of growing population and manufacturing division in different countries including China, India, Australia, South Korea, and Malaysia. Rapid industrialization and urbanization coupled with several government initiatives to provide electricity in rural areas are estimated to play a vigorous role boosting the growth of the global diesel genset market

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global diesel genset market report based on power rating, end user, application, and region.

Diesel Genset Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the global diesel genset market includes Atlas Copco, Yamaha Motor, Caterpillar, Himoinsa, Powerica, Ashok Leyland Ingersoll-Rand, Sterling Generators, SDMO, Escorts Group, C&S Electric, and Generac.

• Atlas Copco
• Yamaha Motor
• Caterpillar
• Himoinsa
• Powerica
• Ashok Leyland Ingersoll-Rand
• Sterling Generators
• SDMO
• Escorts Group
• C&S Electric
• Generac