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Diesel generators are developed using technological support to provide a long-lasting and uninterrupted power supply. They are designed using fossil fuels to deliver emergency power supply to provide continuous energy to the industrial and residential sectors. The electric energy is produced by converting chemical energy using an AC alternator, fuel tank, engine, control panel, and radiator. Increasing industrialization and rising commercialization are expected to drive the market globally. As per a report by Fortune Business Insights™, the market for diesel generators was USD 15.59 billion in 2020 and is expected to reach USD 23.77 billion by 2028, with a CAGR of 5.5% during the 2021-2028 period. Major factors contributing to the market growth are increasing industrialization and commercialization.
For instance, in September 2021, Baker Hughes made an announcement that the U.S. added 9 rigs every week to create a total week count of 521, 421 rigs that were meant to produce oil, 99 produced gas, and 1 miscellaneous. Furthermore, 509 are land rigs among these rigs, 2 are inland water rigs, and 10 are offshore rigs.
The outbreak of COVID-19 affected various industries to a huge extent. The energy and power generation sector was no exception. Governments imposed lockdowns across several countries to restrict the spread of the virus. Also, this lockdown halted operations and manufacturing units around the world. For instance, according to the World Energy Investment Report 2020, the International Energy Agency (IEA) stated that the global investment in the energy sector witnessed a fall by approximately USD 400 billion, or one-fifth, in 2020 as compared to 2019.
Fortune Business Insights™ Lists the Top 10 Diesel Generator Manufacturers in the Industry:
In this section we are going to talk about some of the key diesel generator manufacturers, who have marked their place with their unbeatable strategies and customer satisfaction.
Caterpillar Inc. is a global manufacturer of mining and construction equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company was established in April 1925 and headquartered in the U.S. It is known as the world’s largest construction equipment manufacturer.
Caterpillar is among the major companies. It launched three power nodes in June 2020. This launch focused on the CAT C18 diesel generator, which offers greater power density to occupy less floor space. This set offers three 60Hz power supply nodes, which provide a standby rating of 650 kW to 750 kW and the prime power ratings of 600 kW at 680 kW.
Cummins Inc. is a well-reputed multinational firm based in the U.S. that focuses on developing, manufacturing, and distributing engines, filters, and power generation equipment.
Cummins launched the ‘Made in India’- QSK60 G23: 2500-2750 kVA generator on 13th August 2021. This set is an integrated power solution that has been launched to meet increasing power requirements in huge infrastructure projects and data centers.
Qulliq Energy Corporation focuses on electric utility and is known as the only electric utility distributor in Nunavut. It is headquartered in Canada and was established in April 2001.
In June 2021, the company replaced community diesel generators that passed their life expectancy. These newly launched products will add reliability to the community power supply.
PRAMAC manufactures and designs light towers, portable and stationary generators, and various material handling systems.
Pramac introduced its new stationary diesel product GSW range in 2020. This range is intended to meet and exceed customer requirements of any application ranging from 10kVA to 820kVA.
Himoinsa manufactures diesel and gas generator sets along with hybrid generators, lighting towers, and control panels. The company is headquartered in Spain.
Himoinsa launched a 1MW mobile generator, HGS-1030 NG/LPG, on 23rd June 2021. This can work with natural and liquid petroleum gas without power loss. Moreover, the users can select the fuel type available in the application through a touch panel. This ensures maximum net power output due to the unit’s carburation regardless of the fuel type utilized.
PowerLink is a leading power products supplier specializing in gas and diesel generators, lighting towers, and air compressors.
On 4th September 2020, the company launched a new T3 series diesel generator T60XS, T100XS, T125X, T200XS, T250XS, and T375XS corresponding to 60kVA, 100kVA, 125kVA, 200kVA, 250kVA, and 375kVA displayed on site. The company focuses on providing feasible products with an adequate power supply.
Kohler Co. is recognized for its plumbing product, which also manufactures furniture, engines, cabinetry, tile, and generators. The company has its headquarters in France and supplies its products globally.
In April 2020, Kohler launched its new KD Series 4500kVA (@50Hz)/ 4000kW (@60Hz) diesel-powered generator sets, which are among the most powerful ones in the market. Attributed to the increasing demand, the company decided to expand its models in the KD series with four new models ranging up to 4500kVA.
Mahindra Powerol is a branch of the Mahindra Group’s Automotive & Farm Equipment Sector. The company stepped into the power generation sector in 2001-2002 to provide remarkable services globally.
In March 2021, the company launched a new plant to manufacture its Perkins range of diesel type of generators for North India through GOEM Perfect Generators Technology Pvt Ltd in Ghaziabad. This manufacturing plant will allow catering to the growing need of HkVA gensets.
Atlas Copco is a multinational industrial firm established in 1873 and is headquartered in Sweden. This company produces industrial tools and equipment.
On 13th January 2021, the company expanded its QES portable generator range to 500kVA with four models. Some latest models in the field are QES 250, QES 325, QES 400, and QES 500. These portable generators are highly efficient and effective for industrial and commercial applications.
Mitsubishi Heavy Industries Engine & Turbocharger Ltd. provides a diversified product lineup in the engine and turbocharger fields.
On 29th March 2021, the company announced the launch of a 2000 kVA diesel generator with the highest output in a Japanese product. It has applications in facilities such as factories, office buildings, data centers, and hospitals.
Will Diesel Generators be Widely Used in Various Sectors?
Various industries are investing in appropriate and adequate power supply generators to ensure uninterrupted operations. During the pandemic, remote working culture exaggerated the generator demand in the residential sector to work without interruptions and deliver productive work from different locations. For instance, in May 2020, the U.S. Energy Information Administration (EIA) reported the total national energy consumption was 100.2 quadrillion British thermal units (Btu) in 2019. Approximately 35% was used in the industrial sector, 16% was used in the residential sector, and 12% was used in the commercial sector. Furthermore, prominent expansion of the oil & gas sector, developing industrial infrastructure, and increasing energy demand are some of the major drivers of the market.