Press release
Diesel Generator Market Rising Trends, Growing Demand and Business Opportunities by 2027
According to the report published by Allied Market Research, the global diesel generator market generated $20.8 billion in 2019, and is estimated to reach $37.1 billion by 2027, registering a CAGR of 9.8% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.Surge in need for stable & uninterrupted power supply and growing urbanization & industrialization drive the growth of the global diesel generator market. However, growing adoption of photovoltaic systems for power generation hinders the market growth. Furthermore, technological innovations is expected to create new growth opportunities for market players during the forecast period.
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Depending on the type, large diesel generator segment held the highest market share of about 57.05% in 2019, and is expected to maintain its dominance during the forecast period. This is owing to increase in demand from large-scale industries such as mining, healthcare, commercial, manufacturing, and data centers.
On the basis of mobility, stationary segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the increase in demand from industrial sectors such as manufacturing, mining, agriculture, and construction.
On the basis of application, peak shaving segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 9.7%. This is owing to the increase in maximum power demand during highly dense populated area and from manufacturing operations (when production rate is high).
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Based on region, Asia-Pacific contributed the highest share, accounting for more than one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, it is expected to grow at the highest CAGR of 10.0% from 2020 to 2027. The report also analyzes regions including Europe, North America, and LAMEA.
The global diesel generator market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include Caterpillar, Inc., Cummins, Inc., Rolls Royce Plc., Kohler Co., Generac Power Systems, Inc., Southwest Products, Atlas Copco AB, FG Wilson, Denyo Co., Ltd., and Kirloskar Electric Company.
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Covid-19 scenario:
• Several major market players have halted the production of diesel generator amid lockdown due to supply shortage of components required for manufacturing .
• The demand for diesel generator is likely to decrease during the Covid-19 pandemic. Various end-users of diesel generator such as industrial manufacturing units and building & construction industry across the globe have halted their operations amid lockdown.
• The demand for diesel generators from the healthcare sector is likely to surge to gain uninterrupted power supply to run ventilators, MRI, CT scan machines, and other electrically operated machines required for treatments of patients.
Key Findings Of The Study
• In 2019, large diesel generator segment accounted for majority of the share of the global diesel generator market, and is expected to maintain its lead throughout the forecast period.
• In 2019, the stationary diesel generator segment accounted for about 73.8% of the share in the global diesel generator market, and is expected to maintain its dominance till the end of the forecast period.
• In 2019, the air cooled diesel generator segment is accounted for 61.32% market share in the year 2019, and is anticipated to grow at a rate of 9.9% in terms of revenue, increasing global diesel generator market share.
• Industrial is the fastest-growing end user segment in the Asia-Pacific diesel generator market, expected to grow at a CAGR of 10.5% during 2020-2027.
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