Diesel Generator Market to Grow at CAGR ~6.5% | Global Industry Regions Analysis, Growth, Industry Shares, Market Size and Demand Forecasts to 2023

Diesel Generator Market Overview:-

Growing environmental legislation and concerns are driving the need to develop and apply innovative alternative power and propulsion technology to generate alternative to power. But again, when its fuel based power generation, it has to be Fuel Efficient. The reliable power supply at lower costs – this aspect is predominantly fostering the market growth. Additionally, Diesel Generators are cost effective and can run for longer hours and have a longer life as compared with the other generators. These factors contribute to garner extensive popularity for Diesel Generators increasing its marker size.

Despite of all these advantages, there are some disadvantages which are acting as market growth restraining factors. For instance – first and foremost Diesel Generators cause noise and air pollution damaging the environment notably. Secondly, the start-up cost (Installation charges) which are generally over the 25 % of the actual total cost of the generator. Besides they consist of heavy parts that can cost equally heavy after sales service.

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Industry News:-

In July, 2017 – HIMOINSA inaugurated a new factory for Argentina and southern cone, situated in Santa Fe and occupying some 12,000 square metres, the brand new centre has the capacity to produce 3,000 diesel generator of between 8kVA and 1745kVA each year.

In October, 2017 – Cummins, Inc. proclaimed the new C125N6 and C150N6 models in the QSL8.9G Series. The Cummins commercial generator set is a completely integrated power generation system providing optimum performance, reliability, and versatility for stationary standby power applications.

Worldwide Diesel Generator Market – Competitive Analysis

The market appears to be highly competitive and fragmented owing to the presence of several large and small key players. The Best-in-class products that support the productions in extreme operating conditions with Fuel Efficiency are the sign of these Diesel Generator Manufacturers’ contribution and the support they are rendering to the community.Kirloskar Group (India), Wärtsilä (Finland), AKSA Power Generation (Turkey) Caterpillar Inc. (US), Cummins Inc. (US), Kohler Co. (US), Mitsubishi Heavy Industries, Ltd. (Japan),and Yanmar Co., Ltd. (Japan) are some of the prominent players in MRFR Analysis and are at the forefront of competition in the Global Diesel Generator Market

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Industry – Regional Analysis

Africa and South America are likely to emerge as one of the prominent markets for diesel generator due to growing power needs. The economic development and large-scale industrialization in the North America and Europe regions have created a huge demand for power backup devices, resulting in growing demand for diesel generator across the regions. The high dependability of industrial, commercial, and residential sectors over continuous power for smooth operational functioning is creating a fruitful market for diesel generators and is expected to continue throughout the forecast period. The growth in the information and technology sector across the globe, through the development of large-scale data centers, IT hubs, and telecommunication hubs, is further propelling the growth of the diesel generator market, as these sectors are always in need for continuous power for superior functioning. As large of a number of businesses across the globe are highly depended on the information and technology sector for their business to function smoothly.

Diesel generator Global Market – Segmentation

The scope of global diesel generator market is segmented into four major segments which are explained below:
By Portability Type
• Stationary Generators
• Portable Generators

By Operation Type
• Standby Power
• Peak Savings
• Continuous Power

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By Power Ratings
• 0-100 kVA
• 350 kVA
• 350-1000 kVA
• Above 1000 kVA

By End-User
• Industrial
• Commercial
• Residential

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