Diesel Generator Market Size, Share And Global Trend By Portability (Stationary, Portable), By Power Rating (Up to 100kVA, 100kVA – 350kVA, 350kVA – 1000kVA, Above 1000kVA), By Application (Standby Power, Peak Shaving, Prime/Continuous Power), By End-user (Industrial, Commercial, Residential, Utilities), And Geography Forecast Till 2026

Diesel Generator converts the mechanical energy generated by the engine into electricity using an alternator. The need for continuous energy and frequent power outages have increased the demand for generators. Generators act as a backup source of energy during cut-offs and peak loads. Diesel generator provides the advantage of high efficiency and low maintenance which makes these generators more preferred over the other counterparts. The growing industrialization and urbanization have increased the demand for continuous energy. The need for continuous energy in hospitals, commercial buildings, schools and other commercial spaces has helped the diesel generator market to grow. Various industrial activities such as mining, oil & gas exploration, railways, marine, etc. require high power during operation and diesel generators help during peak loads and cut-off to maintain their operations.

On the basis of the portability, the global diesel generator market is segmented into stationary and portable generators. The stationary diesel generators are anticipated to dominate the market as these generators are able to produce high power about 3kw to some megawatts. On the basis of capacity, the market is segmented by upto 100kVA, 100kVA – 350kVA, 350kVA – 1000kVA and above 1000 kVA. Low power diesel generators are basically used in the residential sector for power backup purpose. Rapid industrialization in the world economy has helped to raise the medium and large scale industries, which in turn has created demand for the medium and high power generators.

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On the basis of application, the global diesel generator market is segmented into standby power, peak shaving and continuous power. Standby power provides power backup during a power outage to perform a non-stop operation. Standby power generator has wide application in the commercial and residential sector which tends to propel the growth of the global diesel generator market. On the basis of end-use, the market can be segmented in utilities, industrial, commercial, and residential. The use of diesel generators in all sectors has increased owing to the increasing demand for continuous power in each sector. The use of high power diesel generators has increased to continue operations during the power outage.

The major market driver for the global diesel generator market is the increasing demand for uninterrupted power supply for various activities such as mining, railways, marine, industries, etc. Growing industrialization and urbanization have further increased the demand for uninterrupted power supply. Increasing demand from hospitals, schools, commercial buildings, residential buildings, events, military, etc. also act as market drivers for the global diesel generators market.

The factor that is expected to restrain the growth of the global diesel generator market is the amount of carbon emission from the exhaust of generators. This increases greenhouse gases and ozone depletion. Also, the shifting focus toward gas generators acts as a market restraint for the global diesel generator market.

Key Players Covered

Some of the major companies that are present in the diesel generator market are Aggreko PLC., Akas Power Generation, APR Energy PLC, Atlas Copco AB, Briggs & Stratton Corporation, Broadcrown Ltd., Burtonwood Generator & Switchgear Services Ltd, Mitsubishi Heavy Industries, Wartsila Corporation, Wacker Neuson SE, Cummins Inc., Generac Power Holdings Inc., FG Wilson Inc., Himoinsa S.L., Caterpillar Inc., Neuson, Kohler Co., and Kirloskar Oil Engines Limited.

SEGMENTATION

Regional Analysis

The global diesel generator market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has increased the shale gas production in recent years which has raised the demand for power backup devices, resulting in a growing demand for diesel generators in the region. In the Asia Pacific region, rapid industrialization and urbanization have created demand for uninterrupted power supply from industrial and commercial segments. In the Middle East & Africa region, increasing demand for power supply in countries like Nigeria has led to an increase in demand for diesel power generators. In the Europe region, the upcoming infrastructural and commercial investment has created demand for continuous energy which has helped in the growth of the diesel generator market.

Key Industry Developments

• In May 2019, CPCB has instructed to Diesel generator manufacturer and buyer before buying and selling they both should consider the standard noise level about 75db.
• In Jan 2019, Mitsubishi Heavy Industries Engine & Turbocharger Ltd. has delivered two diesel generator sets for backup emergency use of five-star resort hotel “intercontinental shanghai wonderland”.
• In Apr 2018, Caterpillar Inc. introduced a dynamic gas blending dual fuel technology as a factory installed option for diesel generator. The generator sets power rating from 1750 KVA to 2275 KVA for 50 Hz application and 1640 Ekw to 1825 Ekw for 60Hz application.