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The global diesel generator market size is projected to reach USD 16.85 billion by the end of 2027. The presence of several large scale companies will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Diesel Generator Market Size, Share & COVID-19 Impact Analysis, By Power Rating (Below 75 kVA, 75-375 kVA, 375-750 kVA, and Above 750 kVA), By Portability (Stationary and Portable), By Application (Continuous Load, Peak Load, and Stand By Load), By End User (Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Telecom, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 12.98 billion in 2019 and will exhibit a CAGR of 5.5% during the forecast period, 2020-2027.
Diesel generator is an equipment that converts chemical energy in the diesel into electrical energy. The energy generated is further used as a source of power for several electrical devices. The ability of these generators to cater to heavy loads as well as smaller loads has fueled the demand for the product across the world. Recent technological advances have played a huge role in the growth of the overall diesel generator market in the past few years. The widespread application scope of the product has created several growth platforms for the companies operating in the global market. Subsequently the presence of several large scale companies across the world will emerge in favor of growth of the overall market in the foreseeable future.
Kohler-SDMO Unveils New Range of Industrial Generators that Cater to Complex Operations
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The report highlights a few of the major industry developments of recent times and discusses their impact on the growth of the market. It is observed that the increasing number of product launches has had the highest impact on the growth of the market in recent years. In April 2020, Kohler SDMO announced the launch of a new range of industrial generators. The company stated that these generators will possess a power rating between 900 kVA and 1500 kVA. These products are designed to cater to complex operations in commercial as well as industrial sectors. The new industrial generators also consume less fuel than previous versions. Kohler SDMO’s latest industrial generators will not just help the company grow but also emerge in favor of growth of the global diesel generators market in the forthcoming years.
Increasing Adoption of AI and Machine Learning Has Helped Maximize Diesel Generator Capabilities
Recent technological advancements in diesel generators have played a huge role in the growth of the market in recent years. The increasing integration of concepts such as artificial intelligence and data learning has helped visualize power handling capacities and input requirement of electrical devices. This allows the examination of areas where higher power output is needed, thereby maximizing the use of these generators.
Atlas Copco is Among the Leading Companies to Adopt Innovative Strategies in the Past Few Years
The global diesel generators market is fragmented in nature, with the presence of several large scale companies across the world. The rising applications and subsequently increasing demand for the product has been a primary influence behind the fragmented nature of the market. Atlas Copco is among the leading companies that have successfully established itself as a powerhouse on the global scale.
List of companies profiled in the report:
• Caterpillar Inc. (U.S.)
• Aggreko (U.K.)
• Cummins Inc. (U.S.)
• Himoinsa (Spain)
• John Deere (U.S.)
• Kohler-SDMO (France)
• Wartsila (Finland)
• Kirloskar Electric Co. Ltd. (India)
• Generac Power Systems (U.S.)
• FG Wilson (U.K.)
• Atlas Copco (Sweden)
• American Honda Motor Company, Inc. (U.S.)
• Briggs & Straton (U.S.)
• Inmesol S.L.U. (Spain)
• HiPower Systems (U.S.)
October 2018: Inmesol announced the launch of a novel series of silent generator units primarily for the rental applications with an operating sound pressure discharge of about 50 dB(A).
The global market is segmented on the basis of:
Global Diesel Generator Market Scope
Value (USD Billion)
By Power Rating
By End User