Press release
Diesel Genset Market to Witness the Highest Growth Globally in Coming Years | Caterpillar Inc., Cummins Inc., Kohler Co., Generac Power Systems, GE, Volvo Group, Escorts Limited, Siemens, FG Wilson
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Across the world, Asia-Pacific (APAC) was the largest market for diesel gensets in terms of value and volume during the historical period, and it is predicted to hold on to its position during the forecast period. The dominance of APAC is owed to the expansion of the manufacturing sector, rising investments in the telecommunications sector, growing requirement for backup electricity in residential settings, and the surging prevalence of power outages, primarily in Southeast Asian nations.
Residential, commercial, and industrial are the three primary applications of such power-generating equipment. Among these, the commercial application dominated the diesel genset market during the historical period in terms of volume as well as value due to the high installation rate of such gensets in retail establishments, construction sites, and commercial offices. During the forecast period, the industrial category will display the highest value and volume CAGRs because of the growth of the manufacturing sector across the world as well as the increasing demand for these from the oil & gas industry.
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Competitive landscape of the diesel genset market
Some of the major players operating in the global diesel genset market are Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Kohler Co., General Electric Company, Denyo Co. Ltd., AB Volvo, Escorts Limited, Siemens AG, and Kirloskar Oil Engines Limited.
Caterpillar Inc. held over 24% share in the diesel genset market in 2018. The company has a robust product portfolio and a vast distribution network (comprising dealers and e-commerce gateways). The company offers diesel generator sets under the Caterpillar, FG Wilson, Perkins, and Olympian brands.
DIESEL GENSET MARKET SEGMENTATION
Market Segmentation by Power Rating
5 kVA-75 kVA
76 kVA-375 kVA
376 kVA-750 kVA
Above 750 kVA
Market Segmentation by Application
Commercial
By user
Retail establishments
Commercial offices
Telecom towers
Hospitals
Hotels
Others (public transport agencies, party halls, petrol pumps, cold storage facilities, and amusement parks)
Industrial
By user
Manufacturing
Energy and power
Others (small industrial units, construction projects, and locomotives)
Residential
Market Segmentation by Region
North America Diesel Genset Market
By power rating
By application
By country - U.S. and Canada
Europe Diesel Genset Market
By power rating
By application
By country - U.K., France, Germany, Russia, Italy, Spain, Poland, and rest of Europe
Asia-Pacific (APAC) Diesel Genset Market
By power rating
By application
By country - India, China, Philippines, Vietnam, Indonesia, and rest of APAC
Latin America (LATAM) Diesel Genset Market
By power rating
By application
By country - Brazil, Mexico, Argentina, and rest of LATAM
Middle-East and Africa (MEA) Diesel Genset Market
By power rating
By application
By country - Turkey, Saudi Arabia, U.A.E., Nigeria, Algeria, and rest of MEA
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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