Diesel Generator Market Size, Share, Industry Trend Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Diesel Generator Market


The global Diesel Generator market size is projected to reach US$ 27.86 billion by 2026, from US$ 18.77 billion in 2020, at a CAGR of 6.8% during 2021-2026. Surging demand from residential, commercial, and industrial sectors is expected to drive the market. In addition, rising demand from various emerging economies is expected to propel demand over the forecast period.

The current demand for electricity globally far outstrips the supply. Factors such as continuous population growth, infrastructure development and rapid industrialization in emerging economies are pacing demand for power. Diesel gensets have numerous advantages such as low operating costs and better fuel efficiency.

Diesel generators are appliances that supply electrical power during a power failure and prevent discontinuity of daily business operations. Diesel generators are available in different configurations to be used in different applications. These engines use compression-ignition for igniting fuel. Fuel is injected into the engine at different stages using an injector. Generally, air compression ratio in a diesel engine ranges from 14:1 up to 25:1. Diesel engines used nowadays are more reliable and have low-cost maintenance as compared to the gas generators.

Solution providers in the diesel generator market are responsible for design, installation, and maintenance of the power supply. Large companies who own an array of generators or the companies that rely on gensets need an in-house engineer to continuously monitor their gensets. Small companies, residences, and commercial places that use generators for backup power can establish maintenance contracts with generator dealers or electrical contractors.

Market Segmentation, Outlook & Viewpoint: Global Diesel Generator Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2013 - 2022)

  
Low Power
  
Medium Power
  
High Power

End-use Market Segmentation & Outlook (Revenue, USD Million, 2013 - 2022)

  
Residential
  
Commercial
  
Industrial

Key Players, Recent Developments & Regional Insights: Global Diesel Generator Market

Low power accounted for 49.0% of the global diesel generator market in 2014. Gensets with an output power of 0-350 kVA are considered as low-power gensets. Low-power diesel gensets make use of an internal combustion engines for distributed power production. As a source of emergency, these gensets are commonly used in various applications, however, they are facing increasing competition from natural gas generators in certain markets. They are mostly used in residential and commercial applications.

High-power gensets are anticipated to witness the fastest growth during the forecast period. They are mostly used in the manufacturing sector. These generators also find application in some remote areas such as marine, where a continuous power supply is required, as direct grid power is not possible in most of the cases. Generally, high power gensets have capability of providing 1,000 kVA and above. Diesel-fueled high power gensets are cheaper than natural gas-fueled gensets, in terms of operating costs. Standby diesel gensets are used in industries such as agriculture and forestry.

Regional Insights

Asia Pacific is considered as the largest regional market. Increasing per capita income of the emerging economies like India and China is boosting the regions growth. Moreover, rapidly expanding manufacturing sector due to growing consumer demand is also anticipated to drive the regional market growth over the coming years. Japan, South Korea, China, and India are the major manufacturing hubs for the consumer electronics industry and are likely to expand further during the forecast period.

In Asia Pacific, diesel generator sets are predominantly used for back-up as the region has a moderately developed power infrastructure that supplies low-cost electricity from the utility grid. The demand pattern for diesel generator sets depends on different factors such as the countrys power infrastructure, emission norms, and purchasing power of customers.

Diesel Generator Market Share Insights

Owing to stringent environmental regulations, companies in this market are continuously launching new products that are compliant with the guidelines set by different regulatory bodies. Thus, a switch toward environment-friendly gensets is expected in the near future.
In December 2013, Cummins India launched its new power generation product line, which is compliant with the new CPCB II norms. Key companies in this market include Mitsubishi Heavy Industries, Ltd., Atlas Copco AB, Wacker Neuson SE, Burtonwood Generator & Switchgear Services Ltd., APR Energy PLC, and Wartsila Corporation.

Key Insights Covered: Global Diesel Generator Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Diesel Generator industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Diesel Generator industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Diesel Generator industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Diesel Generator industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Diesel Generator industry.

Research Methodology: Global Diesel Generator Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other