Press release
What's Driving the Diesel Gensets Market Growth? Cummins, Briggs & Stratton, Kohler Power, Generac, Yamaha Motor, Honda Motor, YANMAR, Caterpillar, Atlas Copco, Ashok Leyland, C&S Electric
Diesel Gensets Market
The size of Diesel Gensets Market was registered at 14 Billion (USD) in the year 2019 and is anticipated to cross 21 Billion (USD) by 2026. Between the period 2020-2026, the Diesel Gensets Market is expected to register a CAGR of 5.9%.
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The introduction of several government aided ventures for reinforcing the significant expansion of industrialization and infrastructure, will bolster the diesel generators market growth. For example, the rising real estate construction ventures coupled with the ongoing implementation of smart city projects in India have opened huge market opportunities for the manufacturers of generator sets. Similar to this, the enforcement of the 13th Five-year plan of China has appreciably widened the gensets' deployment potential across a number of industries. With such initiatives from countries across the globe, it is overt that the diesel generators market share will witness an upsurge in the years to come.
Leading Key Players in Diesel Gensets Market are:
Cummins, Kirloskar Oil Engines Limited (KOEL), Briggs & Stratton, Kohler Power Group, Generac, Yamaha Motor Pvt, Ltd., Honda Motor Co., Ltd, Powerica Ltd., Escorts Group, Sterling Generators Pvt. Ltd, YANMAR CO., LTD., Caterpillar, Ingersoll-Rand PLC, Atlas Copco, Ashok Leyland, C&S Electric
Speaking of initiatives, it is vital to mention that governments across the Middle Eastern countries such as the UAE and Saudi Arabia have been undertaking robust moves in a bid to diversify their oil-based economy along with numerous ventures in other industries. The region is also ablaze with a number of massive projects such as the Qatar FIFA World Cup 2022 and the Dubai World Expo 2020 that will quite overtly command the requirement for numerous gensets in order to support the massive construction activities. Powered by extensive regional infrastructure expansion and the rising focus on economic diversification, Middle East diesel gensets market is all set to witness quite some growth over 2019-2025.
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Furthermore, this set would switch off once the grid power is on, and switch on once the grid power is off, as it comes within a built AMF panel. KOEL's i-Green range guarantees a new look to the gensets, coupled with a commitment from the company towards a greener environment. Such efforts would drive the demand for new and advanced gensets, which will result in the growth of diesel generators market.
Considering the aforementioned efforts undertaken by notable industry players, it is clear that the diesel generators market would depict significant growth in the upcoming years. The competitive spectrum of this industry is quite diverse, and consists of renowned companies like Mitsubishi Heavy Industries, Atlas Copco, Ashok Leyland, Generac, Caterpillar, Greaves Cotton, Himoinsa, SDMO, Briggs & Stratton and Wrtsil among others.
The expansion of the diesel gensets industry can also be credited to the market conglomerates that have been relentlessly striving to augment their product portfolios and bring forth novel products to the market. Prominent companies partaking in the diesel generators market share have also retained focus on technological innovation as well as emissions compliances. However, cost competitiveness and extended service & distribution network have also remained pivotal strategies adopted by companies to enhance their stance across this industry.
Partial Table of Contents (ToC) of the Diesel Gensets Market report:
Chapter 4 Global Diesel Gensets Market, By Power Rating
4.1 Global diesel gensets market share by power rating, 2019 & 2026
4.2 750 kVA, by region, 2015 - 2026
Chapter 5 Global Diesel Gensets Market, By End Use
5.1 Global diesel gensets market share by end use, 2019 & 2026
5.2 Residential
5.2.1 Global market from residential, 2015 - 2026
5.2.2 Global market from residential, by region, 2015 - 2026
5.3 Commercial
5.3.1 Global market from commercial, 2015 - 2026
5.3.2 Global market from commercial, by region, 2015 - 2026
5.4 Industrial
5.4.1 Global market from industrial, 2015 - 2026
5.4.2 Global market from industrial, by region, 2015 - 2026
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