Diesel Gensets Market, By Capacity (Less Than 75 kVA, Between 75 to 375 kVA, More Than 375 kVA), By

Published Date: April 2020 | Report Code : EP2062534

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Diesel Gensets Market, By Capacity (Less Than 75 kVA, Between 75 to 375 kVA, More Than 375 kVA), By Application (Residential, Commercial, Industrial), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

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Domain : Energy

Report Code : EP2062534

Status : Published April 2020

The global diesel gensets market size was valued at USD 14.4 billion in 2019 and is anticipated to grow at a CAGR of 5.2% during the forecast period. A diesel gensets is a combined system including a diesel engine and an electric generator that work in conjunction to generate electricity. The electricity made by the gensets is utilized for meeting power requirement.

Many government is taking steps to provide electricity in rural and urban areas because of quick industrialization and urbanization are anticipated to play an important role in boosting the growth of the global diesel gensets market. Nonetheless, the growing demand for mobile diesel gensets and bio fuel based diesel gensets can give innovative opportunity for diesel gensets marketplace growth. Although, expanding penetration of electricity grids and developing implementation of legal guidelines focused at restraining environmental emissions are predicted to restrict the growth of the diesel gensets market soon.

Key Factors Impacting the Growth of Diesel Gensets Market:

  • Rapid urbanization and industrialization
  • Government policies against pollution
  • Development of eco-friendly power generation
  • Emerging trends in real estate business
  • Favorable laws to boost investment
  • Growth of data center industry

The diesel gensets market segmentation is based on capacity, application, and region. The continuous expansion of SEZ s with the rising urbanization will accelerate product demand. Rising adoption of digital systems and products has resulted in aggressive development of data centers and communication stations, which will enhance the industry growth due to surging power consumption patterns.

Application Outlook:

Based on application, the diesel gensets market has been segmented into residential, commercial, and industrial. Industrial sector is anticipated to project the biggest share in diesel gensets market. Industrial operations are majorly dependent on electricity produced from diesel gensets during power outrage. This sector, which comprises construction, mining, agriculture, and manufacturing holds the biggest share of power consumption of any end use sector. As a result, the rising demand for continuous and reliable electricity supply from various industries which will ultimately accelerate the demand of diesel gensets.

Regional Outlook:

Based on the region, the diesel gensets market in Asia Pacific region is expected to predominate the market throughout the estimate duration. Reason behind the dominance of regional market are rising population, huge requirement of power backup in industries, growing per capita income, and fast industrialization. China is the major diesel genesets market in the region due to rising infrastructure projects, increasing commercial offices spaces, and huge gap between demand and supply of power. The country experiencing improved living standards which will raise the demand for power backup. Additionally, government of emerging market are taking initiatives to develop infrastructure by rising investments in construction sector.

The report analyzes factors affecting the diesel gensets market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the diesel gensets market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the diesel gensets market and increase their product portfolio. The key leading players in the market include Caterpillar Inc., Kirloskar Electric Co. Ltd., Cummins Inc., Aggreko PLC, Himoinsa S.L.,  F.G.Wilson Inc., Generac Holdings Inc., Kohler Co., MTU Onsite Energy, and Mitsubishi Heavy Industries Ltd.

This report also includes the profiles of key diesel gensets market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Diesel Gensets Market:

  • According to the government of Canada, total expenditure in building construction has experienced a growth of 3.8% in February 2019 when compared to USD 15.3 billion in the past month.  
  • In December 2013, Cummins India introduced its brand new power generation product line, which is compliant with the new CPCB II norms.

What Does This Report Provide?

This report provides a detailed understanding of the global diesel gensets market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Capacity

  • Less Than 75 kVA
  • Between 75 to 375 kVA
  • More Than 375 kVA

By Application

  • Residential
  • Commercial
  • Industrial

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Capacity
    • By Application
  • Europe
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Western Europe)
    • By Capacity
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Capacity
    • By Application
  • Middle East & Africa
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Capacity
    • By Application
  • South America
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Capacity
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the diesel gensets market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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