The global diesel Genset market is forecast to grow at a compound annual growth rate (CAGR) of more than 6% during the forecast period from 2021-2030.
Diesel generators combine a diesel engine with an electric generator to create distributed generation units. The primary objective of this device is to generate power from combustion engines that burn gaseous fuels. Power plants that use conventional generation have the advantage of ramping up electricity faster than those using distributed generation. During power outages & shortages, diesel generators provide households and businesses with electrical power, preventing disruptions in everyday activities and business operations. A diesel generator converts kinetic energy into electricity through a process called enthalpy conversion.
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Factors Affecting
- In part, the growth of the Global Diesel Gensets Market is attributable to the increasing demand for emergency power backup in a variety of end-use industries, such as marine, oil and gas, manufacturing, healthcare, construction, and telecom.
- The growing demand for continuous and reliable power supply among a range of end-users, including healthcare facilities, manufacturers, and data centers, will boost the global Diesel Gensets Market.
- High fuel availability, low volatility rates, and long lifespan are a few of the primary factors driving demand for the Diesel Gensets Market.
- The imbalance persists because of a mismatch between demand and supply. The aging power infrastructure and unreliable grid power supply are causing additional power deficits in developing countries, which will increase the demand for the Diesel Genset market.
Impact Analysis of COVID-19
COVID-19 lockdowns around the globe caused a huge slowdown on the market. It started late in 2019 and continued through most of 2020. As a result of a massive contraction of construction activity worldwide and delays that followed, the global Diesel Genset Market took a substantial hit. As lockdowns ease and economies get back on the path to industrialization, the outlook for the Diesel Genset market looks promising and continues to grow at a steady pace during the forecast period.
Regional Overview
The Asia Pacific region had the largest market share. In addition, market growth in the country is likely to continue in the coming years because of the growing number of manufacturing facilities, the increasing electricity demand-supply gap, and the rapid expansion of commercial office space, which will increase market growth in the region.
Leading Companies
The leading prominent companies in the global Diesel Genset Market are:
- Atlas Copco AB (Europe)
- Caterpillar Inc. (United States)
- Cummins Inc. (United States)
- Generac Holdings Inc. (United States)
- Honda Siel Power Products Ltd (India)
- Briggs & Stratton Corporation (United States)
- AKSA Power Generation (Middle East)
- Cooper Corporation (India)
- Kohler Co. (United States)
- Mitsubishi Heavy Industries Ltd. (Japan)
- Other Prominent Players
Scope of the Report
The global Diesel Genset Market segmentation focuses on Capacity, End-User, Application, Portability, and Geography.
Segmentation based on Capacity
- Less Than 75 kVA
- Between 75 to 375 kVA
- More than 375 kVA
Segmentation based on End-User
- Residential
- Commercial
- Industrial
Segmentation based on Application
- Standby Backup Power
- Prime Power
- Peak Shaving Power
Segmentation based on Portability
- Stationary Generators
- Portable Generators
Segmentation based on Geography
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Diesel Genset Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Diesel Genset market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Diesel Genset Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Diesel Genset market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Diesel Genset market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Diesel Genset market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Diesel Genset market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Diesel Genset business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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