Global Diesel Generator Market
Research Coverage:
The
report defines, describes, and forecasts the diesel generators market,
by power rating, by application, by design, and by end user for various
regions. It also offers a detailed qualitative and quantitative analysis
of the market. The report provides a comprehensive review of the major
market drivers, restraints, opportunities, and challenges. It also
covers various important aspects of the market. These include an
analysis of the competitive landscape, market dynamics, market
estimates, in terms of value, and future trends in the diesel generators
market.
Key Benefits of Buying the Report
Competitive operating costs, enhancing efficiency, low maintenance costs and the increasing demand for reliable and continuous power supply are some of the factors driving the diesel generators market. Strict emission standards and demand for alternate fuel generators like biofuels and natural gas hinder diesel generators market growth. The industrial sector including construction, mining offer lucrative opportunities in this market. The environmental impact including pollution, costlier maintenance costs, lack of grid infrastructure in remote places are some of the challenges faced in this market.
Product Development/ Innovation: The trends such as the integration of hybrid power systems is a pivotal trend in diesel generator development. Hybrid systems with diesel generators as a backup component represent a new market segment for generator manufacturers. This offers the potential for market expansion and revenue growth. Manufacturers leverage their existing expertise in diesel generators to develop and integrate them effectively with renewable energy sources and control systems in hybrid solutions. Hybrid systems with a diesel backup component can offer a more attractive value proposition to customers seeking reliable power with a lower environmental impact.
Market Development: The development of diesel generators is essential in providing an uninterrupted power supply during increasing demand periods. Favorable government policies promoting energy security, increasing investments in various sectors like oil & gas, construction and the need for reliable power sources create diesel generators market growth.
Market Diversification: Rolls-Royce acquires Kinolt, a Belgian specialist for providing uninterruptible power supply. The acquisition further enhances Rolls-Royce's market position in safety applications and its power supply product offerings.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Caterpillar (USA), Cummins Inc., (USA), Generac power systems, Inc (USA), Rolls-Royce PLC (UK), Mitsubishi Heavy Industries, ltd (Japan). among others in the diesel generators market.
Key Attributes:
|
Report Attribute |
Details |
|
No. of Pages |
301 |
|
Forecast Period |
2024 - 2029 |
|
Estimated Market Value (USD) in 2024 |
$17.9 Billion |
|
Forecasted Market Value (USD) by 2029 |
$23.4 Billion |
|
Compound Annual Growth Rate |
5.4% |
Key Topics Covered:
Executive Summary
Diesel Generator Market Snapshot
Asia-Pacific to Dominate Diesel Generator Market in 2024
Up to 50 kW Segment to Exhibit Highest CAGR in Diesel Generator Market During Forecast Period
Standby Power Segment to Lead Diesel Generator Market During Forecast Period
Industrial Segment to Capture Largest Share of Diesel Generator Market in 2029
Stationary Segment to Hold Larger Market Share in 2024
Premium Insights
Attractive Opportunities for Players in Diesel Generator Market - Growing Need for Uninterrupted and Reliable Power Supply to Fuel Demand
Diesel Generator Market in Asia-Pacific, by End-user and Country - Industrial Segment and China Held Largest Shares of Diesel Generator Market in Asia-Pacific in 2023
Diesel Generator Market, by Application - Standby Power Segment to Dominate Diesel Generator Market in 2029
Diesel Generator Market, by Power Rating - 51-280 kW Segment to Dominate Diesel Generator Market in 2029
Diesel Generator Market, by Design - Stationary Segment to Lead Diesel Generator Market in 2029
Diesel Generator Market, by End-user - Industrial Segment to Hold Largest Market Share in 2029
Key Market Dynamics
Drivers
Increased Demand for Uninterrupted and Reliable Power Supply
Rising Power Outages
Restraints
Increased Adoption of Renewable Energy Systems
High Maintenance and Operating Costs
Opportunities
Rising Urbanization and Industrialization
Growing Electrification of Rural and Remote Areas in Developing Countries
Challenges
Implementation of Stringent Regulations by Governments to Achieve Net-Zero Emissions
Rising Investments by Utilities in Transmission and Distribution (T&D) Systems
Technology Analysis
Key Technology
Common Rail Direct Fuel Injection (CRDI) Technology
Adjacent Technology
Hybrid Power System
Case Study Analysis
Vaccine Distribution Center Collaborated with Generac Industrial Power to Address Critical Backup Power Needs
Vera Cruz City Hospital Collaborated with Integgral Sistemas De Energia to Install Diesel Generators for Backup Power
Skanska Contacted FG Wilson and Bells Control Equipment Ltd. to Install Three FG Wilson 2,500 KVA Diesel Generator Sets at Heron Tower
Companies Profiled
Caterpillar
Cummins Inc.
Generac Power Systems, Inc.
Rolls-Royce PLC
Mitsubishi Heavy Industries, Ltd.
Aggreko
Kohler Co.
Wartsila
Atlas Copco Ab
Weichai Holding Group Co. Ltd.
Yamaha Motor Co. Ltd.
Hyundai Power Products
Mahindra Powerol
Anglo Belgian Corporation Nv
Fg Wilson
J C Bamford Excavators Ltd.
Doosan Corporation
Ashok Leyland
Kubota Corporation
Kirloskar
Aksa Power Generation
Yanmar Holdings Co. Ltd.
Man Energy Solutions
Denyo Co. Ltd.
Pronk Machinery B.V.
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OLENC Group products include diesel gensets & power plant, and alternative fuel powered electrical generator sets, natural gas generator sets, DC generator sets, light towers, electrical
