Diesel Generator Market Size, Share, Growth & Business Strategies | Industry Forecast 2022-2030
Research Reports
Mar 10, 2022
A Diesel generator is a compact and robust machine, which is used for converting mechanical energy to electrical energy. It uses diesel as fuel for combustion, which is injected into the combustion chamber under high pressure. This helps the generator start and rotate the shaft, producing electricity. It is used for supplying the electrical power during power cuts, blackouts, or any other interruption to the main power supply, mostly in the industrial and commercial sectors. The agriculture sector has also emerged as a major end user of diesel generators over the last few years, as electricity supply in rural areas where agriculture is practiced may be intermittent and unreliable.
The global Diesel Generators Market is expected to register a steady growth rate until the end of 2030 owing to a rise in demand for continuous power supply and the cost efficiency of diesel generators. A continuous power supply is the baseload electricity required to run a predefined set of electrical equipment. The baseload electricity supply has to be maintained at all times and is the minimum amount of electricity an end user’s facility will need to successfully operate the equipment and systems at the facility. Many end-user facilities generate their baseload power supply through diesel generators due to various factors such as the inaccessible grid electricity and the intermittent nature of grid-connected electricity. For instance, end-users who use diesel generators for oil & gas and mining applications mostly operate in remote areas and generate their baseload electricity through these generators.
Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/3001
As per the BP Statistical Review of World Energy 2019, global oil production grew from 92,502 thousand barrel per day (TBPD) in 2017 to 94,718 TBPD in 2018, and the global natural gas production grew from 3,677.7 billion cubic meters (BCM) in 2017 to 3,867.9 BCM in 2018. The growth in production can be attributed to the improving global economic conditions and the simultaneous increase in demand for energy. The sites for oil and gas exploration and production are mostly located in remote areas and are dependent on diesel generators to provide continuous electric power supply for powering critical equipment, such as pumps, motors, well control equipment, and lighting systems, at the drilling site.
After the oil price slump in 2014, the market has been growing at a steady rate since 2016 and is expected to continue growing during the forecast period. Thus, the growth in the global operational rig count is expected to increase the demand for diesel generators, globally, during the forecast period.
Competitive Leaderboard:
Leading players in the global diesel generator market include Cummins Inc., Caterpillar, Wartsila, Rolls-Royce plc, Mitsubishi Heavy Industries Ltd., Ashok Leyland, Greaves Cotton Limited, Denyo Co. Ltd., and Kirloskar Electric Company.
Speak to analyst: https://www.marketresearchfuture.com/ask_for_schedule_call/3001
Market Segmentation
The global diesel generator market has been segmented based on end-users, portability, and power rating.
On the basis of end-users, the market for diesel generator is segmented based on industrial, commercial and agriculture. Additionally, the market on the basis of portability, is segmented into stationary and portable. The global market for diesel generator is also covered based on power rating segment which is further split into 375 kVA – 1,000 kVA and above 1,000 kVA.
Factors like growing demand for housing as well as commercial buildings along with growing infrastructure projects around the world, support the diesel generator market growth. The performance of the diesel generator market has also been studied for the past and current years. Additionally, the diesel generator market report provides analysis of these segments. The diesel generator market segmental analysis provided in the report offers major details about the diesel generator market based on the data and forecasts till 2025.
Enquire for Discount: https://www.marketresearchfuture.com/check-discount/3001
Regional Overview
Companies in the diesel generator market are spread across the world. The diesel generator market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American diesel generator market has many companies across the United States, Canada, and Mexico. The diesel generator market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the diesel generator market can be found in the market research report. Europe has companies in the diesel generator market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the diesel generator market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Contact Information:
Wantstats Research and Media Private Limited 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Email: sales@marketresearchfuture.com
Tags:
PR-Wirein, Wire, Research Newswire, English