Diesel Generator Market Share, Comprehensive Analysis, Opportunities, Future Estimations, Industry Segments and Forecast to 2023

Posted August 9, 2019 by DhanashreeP

Diesel Generators market is predicted to grow at approximately 6.5% by 2023,Diesel Generators Market categorizes the Global Market by Portability Type, Operation type, Power ratings, End users and Regions
The escalated global demand for uninterrupted power transmission is raising the demand for diesel generator sets. Market reports related with the energy and power industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is estimated to attain a 6.5 % CAGR in the duration of the forecast period.

The unmatched growth in the commercial sector is necessitating the use of diesel generators to ensure stable operations. The diesel generator market has gained significant traction due to the amplified occurrence of natural disasters globally. The mounting critical applications of diesel generators in power station systems and large-scale data centers are expected to create profitable avenues for growth in the diesel generator market.

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Diesel Generators are Fuel Efficient and known for customized applications related to industrial power and electrical control equipment for operation of industrial machinery, power generation, and control equipment for the T&D industry. Hence they find a vast area of application and the market of Diesel Generators is ever increasing.

Segmental Analysis

The segmental analysis of the diesel generator market has been carried out the basis of operation, end-user, portability, and power rating.

Based on portability, the diesel generator market is divided into portable and stationary.

The segmentation on the basis of operation, the diesel generator market is segmented into standby power, peak savings, and continuous power.

On the basis of power rating, the diesel generator market is segmented into up to 1.0 MW - 5.0 MW, 0.5 MW, 0.5 MW - 1.0 MW, and above 5.0 MW.

On the basis of end user, the diesel generator market is segmented into commercial, industrial and residential.

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Regional Analysis

The Asia-Pacific region is the leading market for diesel generators market and it is closely followed by Middle East and Africa market. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable power, is driving the market for diesel generators. The North America and Europe market is expected to witness decline due to the restraints in emission from diesel engines.

Competitive Analysis

The notable contenders in the diesel generator market are Generac Holdings Inc. (U.S.), Cummins Inc. (U.S.), Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (Japan), Wuxi Kipor Power Co. Ltd. (China), Caterpillar Inc. (U.S.), Wartsila Corporation (Finland), Kohler Co. (U.S.), Rolls-Royce Power Systems AG (Germany), MAN Diesel & Turbo SE (Germany), AKSA Power Generation. (Turkey), Aggreko PLC (U.K), and General Electric Company (U.S.).

Industry/ Innovation/ Related News

December 26, 2017 – The Cummins Group, one of the world’s largest manufacturers of engines and Diesel Generators, said that the company is in talks to acquire a controlling stake in Kirloskar Oil Engines Ltd in a deal valued at over $500 million through one of its Indian subsidiaries, two people aware of talks between the companies said. The acquisition, if materializes, will be the second such between the companies since 2013 when Cummins India acquired majority stake in Kirloskar Cummins

December 21, 2017 – Mahindra Powerol (India) a unit of the Mahindra Group, declared its plan to launch high power diesel generator sets in 500 kVA and above category in the next two years. The company also mentioned that it is in talks with a number of global and domestic players for a technology tie-up. The company is also looking to increase exports revenue of its generator business to 25 per cent in the next financial year from the existing around 16 per cent.

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Issued By MRFR
Country India
Categories Energy
Tags diesel generator market , diesel generator market demand , diesel generator market trends
Last Updated August 9, 2019