Global Diesel Genset Market Overview
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. The global diesel genset market accounted for US$ 14.23 billion in 2020 and is estimated to be US$ 25.61 billion by 2030 and is anticipated to register a CAGR of 6.1%.
Global Diesel Genset Market Dynamics
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.
Global Diesel Genset Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global 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:
The global diesel genset market accounted for US$ 14.23 billion in 2020 and is estimated to be US$ 25.61 billion by 2030 and is anticipated to register a CAGR of 6.1%. 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:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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.
Global Diesel Genset Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Diesel Genset Market Key Players
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.
Global Diesel Genset Market Company Profile
- Atlas Copco
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Yamaha Motor
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Caterpillar
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Himoinsa
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Powerica
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ashok Leyland Ingersoll-Rand
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sterling Generators
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SDMO
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Escorts Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- C&S Electric
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Generac
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Diesel Genset Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Diesel Genset Strategies
- Key Questions this Study will Answer
- Market Snippet, By Power Rating
- Market Snippet, By End-user
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Diesel Genset Market, By Power Rating, 2019 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2026
- Y-o-Y Growth Analysis (%), 2019 – 2026
- Segment Trends
- <75 kVA
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- 75-375 kVA
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- 375-750 kVA
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- >750 kVA
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- Overview
- Global Diesel Genset Market, By End-user, 2019 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2026
- Y-o-Y Growth Analysis (%), 2019 – 2026
- Segment Trends
- Residential
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- Commercial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- Industrial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- Overview
- Global Diesel Genset Market, By Application, 2019 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2026
- Y-o-Y Growth Analysis (%), 2019 – 2026
- Segment Trends
- Standby
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- Peak Shaving
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- Prime/Continuous
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2026
- Overview
- Global Diesel Genset Market, By Region, 2019 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2026
- Y-o-Y Growth Analysis (%), 2019 – 2026
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Power Rating, 2019 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2026
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Power Rating, 2019 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2026
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Power Rating, 2019 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2026
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Power Rating, 2019 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2026
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Power Rating, 2019 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2026
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Atlas Copco
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Yamaha Motor
- Caterpillar
- Himoinsa
- Powerica
- Ashok Leyland Ingersoll-Rand
- Sterling Generators
- SDMO
- Escorts Group
- C&S Electric
- Generac
- Atlas Copco
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Diesel Genset Market report segments the market on the basis power rating, end-user, application, and region.
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.
The Asia Pacific Domainted the Market in terms of shares in 2020.
The leading players operating in 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.