openPR Logo
Press release

Diesel Generator Market worth $23.4 Billion by 2029 | Caterpillar, Cummins, Generac Power, Rolls-Royce, Mitsubishi Heavy Industries

04-18-2024 04:02 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Diesel Generator Market worth $23.4 Billion by 2029 |

The global diesel generator market is expected to grow from an estimated USD 17.9 billion in 2024 to USD 23.4 billion by 2029, at a CAGR of 5.4% during the forecast period.
The global [https://www.marketsandmarkets.com/Market-Reports/diesel-generators-market-163671714.html] is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets Trademark . Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies. The longevity and durability of diesel generators allow them to operate over extended periods ensuring continuous power supply during emergencies.

Download PDF Brochure: [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163671714]

The standby power application is expected to grow as the largest segment during the forecast period.

Based on application, the Diesel Generator Market has been split into standby power, peak shaving, Prime & continuous power. The standby power segment in the Diesel Generator Market is anticipated to be the largest, primarily due to their cost effectiveness. Standby power Diesel generators are not designed to withstand overload capabilities and are mostly used in homes and businesses.

Stationary design is expected to grow as the largest segment during the forecast period.

Based on design, the Diesel Generator Market has been split into Stationary and portable. The Stationary segment in the Diesel Generator Market is anticipated to be the largest because of their higher power output range from 3 Kw to 700 Kw. Stationary diesel generators can support high power levels continuously along with certain features like automatic transfer switches, making them a preferred choice for long-term and high-power backup solutions.

Request Sample Pages: [https://www.marketsandmarkets.com/requestsampleNew.asp?id=163671714]

Up to 50 kW Power rating is expected to grow as the fastest CAGR during the forecast period.

This report segments the Diesel Generator Market based on offering into Various power ratings: (Up to 50 kW, 51 - 280 kW, 281 - 500 kW, 501 - 2000 kW, Above 2000 Kw). Up to 50 kW is expected to be the fastest growing segment during the forecast period due to their versatility and widespread applications. Generators operate at a consistent engine speed, making them suitable for residential, personal, small scale commercial purposes like retail sectors and telecom.

North America is expected to be the fastest region in the [https://www.marketsandmarkets.com/PressReleases/diesel-generators.asp]

North America is expected to be the fastest region in the Diesel Generator Market during the forecast period. The region's increasing focus on Diesel generators is due to the increasing infrastructure activities, Oil and gas exploration activities and the Industrial sector. Moreover, the rising demand of reliable power across data centers and other critical infrastructure needing backup power coupled with a growing need for convenience in households. The increasing expansion in manufacturing and construction, particularly in the US, is also expected to boost the diesel generators market in North America. The affordability of the diesel generators, since these generators are cost-effective, thus it is also a preferred choice among the North American customers.

Key Players

Some of the major players in the Diesel Generator Market are Caterpillar (USA), Cummins Inc., (USA), Generac power systems, Inc (USA), Rolls-Royce PLC (UK), Mitsubishi Heavy Industries, ltd (Japan). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets Trademark .com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra

MarketsandMarkets Trademark INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/diesel-generators.asp

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=diesel-generator-market-worth-234-billion-by-2029-caterpillar-cummins-generac-power-rollsroyce-mitsubishi-heavy-industries]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/diesel-generators-market-163671714.html



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Diesel Generator Market worth $23.4 Billion by 2029 | Caterpillar, Cummins, Generac Power, Rolls-Royce, Mitsubishi Heavy Industries here

News-ID: 3468939 • Views:

More Releases from ABNewswire

Revolutionizing On-the-Go Jam Sessions: Anygig Guitar Unveils Innovative Designs
Revolutionizing On-the-Go Jam Sessions: Anygig Guitar Unveils Innovative Designs
In the bustling world of music, where creativity knows no bounds, musicians are constantly seeking instruments that match their nomadic lifestyle without compromising on quality. Enter Anygig Guitar, a trailblazing brand dedicated to crafting travel-friendly instruments that redefine the boundaries of portable music-making. With a diverse lineup featuring headless guitars [https://www.anygigguitar.com/], full-scale models, and everything in between, Anygig Guitar has emerged as the go-to choice for musicians on the move. "At
Schneider Electric appoints Ruben Llanes as CEO of Digital Grid
Schneider Electric appoints Ruben Llanes as CEO of Digital Grid
Schneider Electric, the leader in the digital transformation of energy management and automation, has appointed Ruben Llanes as Chief Executive Officer of Digital Grid. Digital Grid aims to accelerate grid modernization, from grid to prosumer, under the pillars of innovation, adoption and partnerships. Previously CEO of AutoGrid, Llanes delivered growth, introduced improved processes and methods, and launched new solutions, including turnkey VPPs. His tenure culminated with the sale of AutoGrid to
Celebrating Victory:
Celebrating Victory: "The Voice of Lithuania. Generations" 2nd Season Won by Boy …
Image: https://www.abnewswire.com/uploads/9756fdbda22425795f03c6a1d7cd9039.jpg This past Sunday marked the grand finale of "Lithuania's Voice. Generations" at the Kaunas "Zalgiris" Arena, a momentous event that showcased the pinnacle of talent and competition. Nine finalists vied for the coveted 15,000 cash prize and the contract with ELITAZ Music [https://elitaz.lt/], each delivering breathtaking musical and visual performances crafted in collaboration with the project team specifically for this climactic evening. Prior to the final showdown, esteemed guests gathered
Packaging Adhesives MarketApplications, Growth, Size, Opportunities, Top Players, Share, Trends, Key Segments, Regional Insights, Graph and Forecast to 2028
Packaging Adhesives MarketApplications, Growth, Size, Opportunities, Top Players …
Packaging Adhesives Market by Resin Type (Polyurethane, Acrylics, PVA), Technology (Solvent-based, Water-Based, Hot-Melt), Application (Case & Carton, Corrugated Packaging, Labeling, Flexible Packaging, Folding Cartons), and Region - Global Forecast to 2028 The packaging adhesives market [https://www.marketsandmarkets.com/Market-Reports/packaging-adhesive-market-118442967.html] exhibits good growth potential and is projected to reach a market size of USD 18.6 billion by 2028 from USD 15.3 billion in 2022, at a CAGR of 3.2%. Polyvinyl acetate (PVA) resin accounted for

All 5 Releases


More Releases for Diesel

Demand For Diesel And Clean Quality Diesel To Bolster Growth Of Diesel Fuel Wate …
Diesel Fuel Water Separator Market: Introduction The use of diesel is widespread in industries like automotive, healthcare, marine, construction, and manufacturing. Thus, the demand for diesel and clean quality diesel is on a surge as good quality diesel does not add up to unnecessary maintenance. Although, diesel sufficiently works well external factors damage the quality of the fuel. This, in turn, adds up to frequent maintenance of vehicles so that the performance
Nigeria Diesel Genset Market
Nigeria Diesel Genset market is expected to witness modest growth owing to the expansion of telecom infrastructure, the establishment of new industries, and poor grid infrastructure of the country. Growing investment in the non-oil sector of the country is anticipated to support the economic growth in the region over the coming years which would foster the demand for diesel gensets during 2018-24. Additionally, the growing number of manufacturing units in
Diesel Engines for Non-Automotive Applications Market Global Outlook 2018: Wrtsi …
Qyresearchreports include new market research report “2018-2025 Diesel Engines for Non-Automotive Applications Report on Global and United States Market, Status and Forecast, by Players, Types and Applications” to its huge collection of research reports. In the past few years, the global market for Diesel Engines for Non-Automotive Applications has witness a number of changes. This study is an attempt to understand the impact of these changes on the Diesel Engines for
Diesel Engine Market
This report studies the Diesel Engine market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The diesel engine is an internal combustion engine in which air is compressed inside the cylinder to
Marine Diesel Engines Market
MaketStudyReport.com adds a New Marine Diesel Engines Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 5% CAGR to 2024. Marine Diesel Engines Market size is set to exceed USD 7 billion by 2024, according to a new research report. Growing demand for economic viable engines coupled with rise in seaborne trade will drive marine diesel engines market. According to United
Global Diesel Fuel Injection Systems Market 2017 - Denso, Delphi, Woodward, DUAP …
The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Diesel Fuel Injection Systems industry development trends and marketing channels are analyzed. The report Global Diesel Fuel Injection Systems Industry 2017 is a professional, in-depth study that includes insights extracted from complex information, which clients can use for their business advantage. A large