Diesel Genset Market Manufacturing Chain Analysis 2023, Revenue Status, Regions, Share, Size, Technology Enhancements, Future Trends and Forecast 2030

Global Diesel Genset Market Overview:

The Diesel Genset Market is driven by a need for uninterrupted power supply and frequent power outages in developing economies with a healthy CAGR of ~8.70% during the forecast period of 2022 to 2030.

The factors such as rising power outages owing to extreme weather conditions have positively impacted the business scenario all over the world amid the novel coronavirus outbreak. In the case of point, as per the U.S. Energy Information Administration, Hurricane Michael caused extensive power outages in the year 2018 and affected over 1.7 million customers across 6 U.S. states. In fact, strengthening consumer propensity & awareness toward reliable and affordable backup power solutions will complement the product demand in the coming years.

Market Growth Driving Factors

• New product launches and R&D Amongst major key Players
• Need for uninterrupted power supply and frequent power outages in developing economies

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A diesel genset is a type of generator that uses a diesel engine to generate electricity. The engine drives an alternator that produces electrical power, which can be used as a backup power source in case of a power outage or off-grid applications. The COVID-19 pandemic has had a significant impact on the diesel genset market, with both positive and negative effects. On the one hand, the lockdowns and restrictions on movement have led to a decrease in demand for diesel gensets, as there has been a decrease in construction and industrial activities. On the other hand, there has been an increased demand for diesel gensets as backup power sources in residential and commercial buildings, as the pandemic has led to an increased need for reliable electricity supply in case of power outages. Additionally, the healthcare sector has seen an increase in demand for diesel gensets, as they are used to power medical equipment and facilities.

Diesel Genset Market Regional Analysis

The Asia-Pacific region is expected to be the fastest-growing market for diesel gensets, due to factors such as the large population, rapidly growing economies, and increasing demand for reliable power supply in countries such as China, India, and Japan. Additionally, supportive government policies and initiatives, as well as the presence of major market players, are contributing to the growth of the diesel genset market in the Asia-Pacific region. The region’s increasing investment in infrastructure development and industrialization is also driving the growth of the diesel genset market.

Diesel Genset Market Segmentation

The Global Diesel Genset market has been segmented into probability, application, and power rating.

Based on the probability, the market has been segmented into Stationary and Portable.

Based on the power rating, the market has been segmented into Up to 100 kVA, 100 kVA-350 kVA, 350 kVA-1,000 kVA, and Above 1,000 kVA.

Based on the application, the market has been segmented into Standby, Peak Shaving, and Continuous.

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Diesel Genset Market Regional Analysis

Geographically, the global diesel genset market has been studied among five major regions, namely, Europe, North America, Asia-Pacific, the Middle East & Africa, and South America.

Asia-Pacific is estimated to grasp a majority of the market share during the assessment period owing to the mounting demand for uninterrupted power supply, growing development in data centers, and the escalating oil and gas activities in the region. As per data published in China Daily, in 2019, a total of 300 major construction projects have been announced in Beijing, and the investment of the projects is anticipated to attain USD 35 billion.

Key Players

Some of the key market players are Kirloskar Electric Company, Atlas Copco AB, Mitsubishi Heavy Industries Ltd, Sutton Power Engineering, Rolls-Royce plc, General Electric, Kohler Co., Denyo Co. Ltd, JS Power, Generac Power Systems Inc., Ashok Leyland, Cummins Inc., Caterpillar, Wärtsila, Yanmar Co Ltd.

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS

1.1.1 GLOBAL DIESEL GENSET MARKET, BY PORTABILITY

1.1.2 GLOBAL DIESEL GENSET MARKET, BY APPLICATION

1.1.3 GLOBAL DIESEL GENSET MARKET, BY POWER RATING

1.1.4 GLOBAL DIESEL GENSET MARKET, BY END USE

1.1.5 GLOBAL DIESEL GENSET MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITIONS

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

2.5 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

3.6 LIST OF ASSUMPTIONS

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 INTRODUCTION

5.2 DRIVERS

5.2.1 GROWING DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY

5.2.2 INCREASING NUMBER OF POWER OUTAGES

5.3 RESTRAINTS

5.3.1 ADOPTION OF GAS-POWERED GENSETS

5.4 OPPORTUNITIES

5.4.1 ELECTRIFICATION OF UNELECTRIFIED AREAS IN DEVELOPING COUNTRIES

6 MARKET FACTOR ANALYSIS

6.1 SUPPLY CHAIN ANALYSIS

…Continued.

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