Global Diesel Generator Market by Portability Type, by Operation type, by Power, by End users.

Global Diesel Generators market is predicted to grow at approximately 22% by 2023

Market Highlights

The need for continuous uninterrupted power supply is growing because of the worldwide rise in population and rapid industrialization. Power outages can severely affect productivity and the daily lives of people. This is driving the market for diesel generators, which act as standby power solutions.

The diesel generator market in the Asia-Pacific region is expected to grow the fastest during the forecast period. Existing grid infrastructure in the Asia-Pacific region cannot meet the growing demand for power and results in increased power outages, especially in countries such as India, industrialization has contributed to many IT and data centers, telecom industries and also many infrastructure projects, which needs continuous power. Power consumption is rising quickly while underdeveloped electricity transmission and distribution infrastructure cannot ensure continuous power supply. This has created a positive environment for the growth of diesel generator market.

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Key Players

The key players of global diesel generator markets are Caterpillar Inc. (U.S.), Cummins Inc.(U.S.), Kohler Co.(U.S), Mitsubishi Heavy Industries, Ltd. (Japan), Kirloskar Group (India), Briggs & Stratton (U.S), Wärtsilä (Finland), AKSA Power Generation (Turkey) and Yanmar Co., Ltd. (Japan).

Standby applications market is growing at the highest rate in the diesel generators market from 2018-2023

Diesel generators such as standby electrical systems operate automatically when there is an unexpected power outage. For residential homes and other domestic purposes, low capacity single phase generators are available while for commercial use, three phase generators are available and are used the most. Also, in places where the electrical power is not available, diesel generators act as alternative power solutions. Furthermore, in countries such as UK they are used to provide power for peak power consumption times. This is mainly due to their immediate startup time and ready availability of fuel.

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Market Research Analysis

Asia-Pacific region is expected to grow at the fastest rate

Rapid industrialization in countries such as China, India, Indonesia and Australia demand continuous power for operations of industrial sector, data centers and emergency services in these countries. Ageing grid infrastructure often hampers the supply for continuous power. Thus diesel generators are indispensable in providing uninterrupted power supply. This is creating a lucrative market for diesel generators in this region. However, the growth in North America and Europe regions is expected to be stagnated because of rising environmental impact of using diesel generators and the necessity to meet global climate change targets.

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