Diesel Generator Market by Type, Application, Analysis and Industry Forecast 2020 – 2027

Allied Market Research published a report, titled, “Diesel Generator Market by Type (Small (0–75 KVA), Medium (75–375 KVA), and High (Above 375 KVA)), Mobility (Stationary and Portable), Cooling System (Air Cooled and Liquid Cooled), and Application (Standby Backup Power and Pick Shaving), and End-use Industry (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global diesel generator market garnered $20.8 billion in 2019, and is estimated to reach $37.1 billion by 2027, registering a CAGR of 9.8% from 2020 to 2027.

Increase in need for continuous & stable power supply and rapid industrialization & urbanization drive the growth of the global diesel generator market. However, stringent government regulations toward environmental pollution and rapid development in the renewable energy sector hinder the market growth. On the other hand, increase in investment on electrification of remote & rural area is anticipated to offer new opportunities in the coming years.

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Based on type, the large diesel generator (above 375 KVA) segment accounted for nearly three-fifths of the global diesel generator market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to the increase in demand from large-scale industries such as mining, healthcare, commercial, manufacturing, and data centers. However, the medium diesel generator (75-375 KVA) is estimated to portray the highest CAGR of 10.1% from 2020 to 2027. Rapid growth in the infrastructure projects such as metro, road construction and others in the developing and developed economies across the globe drives the growth of the segment.

Based on application, the peak shaving segment contributed to the highest market share with more than four-fifth of the global diesel generator market in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to the rise in power demand from highly dense populated area and from manufacturing sites. However, the standby backup power segment is estimated to generate the fastest CAGR of 10.0% from 2020 to 2027. This is attributed to the increase in demand for uninterruptible power supply and rise in growth of the construction & building sector.

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Based on region, Asia-Pacific accounted for the highest share based on revenue, holding for nearly two-fifth of the global diesel generator market in 2019, and is projected to maintain its dominant position throughout the forecast period. Moreover, the same region is estimated to generate the fastest CAGR of 10.0% from 2020 to 2027. This is attributed to the large number of key players and availability of the manufacturing facilities in Asia-Pacific region. Furthermore, North America region is anticipated to manifest the CAGR of 9.4% from 2020 to 2027.

The global diesel generator market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include Caterpillar, Inc., Cummins, Inc., Rolls Royce Plc., Kohler Co., Generac Power Systems, Inc., Southwest Products, Atlas Copco AB, FG Wilson, Denyo Co., Ltd., and Kirloskar Electric Company.

Other players operating in the value chain of the global diesel generator industry are Mitsubishi Heavy Industries, Volvo Penta, Wacker Neusan, Wuxi Kipor Power, Yanmar Co. Ltd., Wartsila Corporation, and APR Energy, LLC.

Get detailed COVID-19 impact analysis on the Diesel Generator Market: https://www.alliedmarketresearch.com/request-for-customization/6735?reqfor=covid

COVID-19 Scenario-

  • Halt in the services including hospitality, mining, and construction industry due to active lockdown and social distancing has adversely affected the growth of this industry.
  • In addition, the operational disruption in the generator manufacturing companies, due to COVID-19 outbreak, has impacted the diesel generator market.

Key Findings Of The Study

  • In 2019, large diesel generator segment accounted for majority of the share of the global diesel generator market, and is expected to maintain its lead throughout the forecast period. 
  • In 2019, the stationary diesel generator segment accounted for about 73.8% of the share in the global diesel generator market, and is expected to maintain its dominance till the end of the forecast period.
  • In 2019, the air cooled diesel generator segment is accounted for 61.32% market share in the year 2019, and is anticipated to grow at a rate of 9.9% in terms of revenue, increasing global diesel generator market share.
  • Industrial is the fastest-growing end user segment in the Asia-Pacific diesel generator market, expected to grow at a CAGR of 10.5% during 2020–2027.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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