The market across Asia-Pacific would manifest the highest CAGR of 10.0% during the forecast period. Furthermore, the region is expected to continue its dominance throughout the forecast period.
As per the report published by Allied Market Research, the global diesel generator market is expected to garner $37.1 billion by 2027, registering a CAGR of 9.8% from 2020 to 2027. The report highlights the market potential, market characteristics, competitive landscape, and growth by segmentation.
Eswara Prasad, Manager, Energy & Power at Allied Market Research, stated, “Increase in demand for continuous & stable power supple and increase in industrialization and urbanization have boosted the growth of the global diesel generation market. On the contrary, strict government regulations regarding environmental pollution and growth of renewable energy sector hinder the market growth. However, surge in investment on electrification of remote and rural area would open lucrative opportunities in the future.
Covid-19 pandemic impact on the market:
• Due to the Covid-19 pandemic, services such as mining, hospitality, and construction industry faced many challenges owing to prolonged lockdown and social distancing.
• The operational disruption in the generator manufacturing companies during the pandemic negatively affected the market.
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The global diesel generator market is analyzed across several regions such as Europe, North America, Asia-Pacific, and LAMEA. The market across Asia-Pacific would manifest the highest CAGR of 10.0% during the forecast period. Furthermore, the region is expected to continue its dominance throughout the forecast period.
Based on type, the medium diesel generator segment would portray the highest CAGR of 10.1% from 2020 to 2027. However, the large diesel generator segment would hold the lion’s share throughout the study period.
Based on application, the standby backup power segment would showcase the highest CAGR of 10.0% during the forecast period. However, the peak shaving segment is expected to hold the largest share from 2020 to 2027.
The global diesel generator market report includes an in-depth analysis of the major market players such as Caterpillar, Inc., Cummins, Inc., Rolls Royce plc., Kohler Co., Generac Power Systems, Inc., Southwest Products, Atlas Copco AB, FG Wilson, and Denyo Co. Ltd.
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Kirloskar Electric Company. About Allied Market Research:
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 domains.
About Allied Market Research:
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 domains.
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