Press release
Diesel Generator Market Size is Likely to Reach a Valuation of Around US$ 31.0 Billion by 2032
Diesel Generator Market
Base Year: 2023
Forecast Years: 2024-2032
Historical Years: 2018-2023
Units: USD Billion
Market Size in 2023: USD 17.7 Billion
Market Forecast in 2032: USD 31.0 Billion
Market Compound Annual Growth Rate 2024-2032: 6.3%
IMARC Group's latest report, titled "Diesel Generator Market Report by Capacity (0-100 kVA, 100-350 kVA, 350-1000 kVA, Above 1000 kVA), Application (Standby Backup Power, Prime Power, Peak Shaving Power), Mobility (Stationary, Portable), End User (Residential, Commercial, Industrial), and Region 2024-2032", offers a comprehensive analysis of the diesel generator market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. the global diesel generator market size reached US$ 17.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032.
Get Sample Free Copy of Report at : https://www.imarcgroup.com/diesel-generator-market/requestsample
Diesel Generator Market Trends:
The global market is primarily driven by the increasing demand for reliable backup power solutions in both residential and commercial sectors. Moreover, the rapid industrialization in emerging economies is fueling the demand for uninterrupted power supply, particularly in manufacturing and construction industries. Furthermore, the growing dependency on data centers, which require constant power, is increasing the need for diesel generators.
Additionally, the rising demand for energy in remote locations, such as mining operations and oil rigs, is also contributing to market growth. Besides, the adoption of diesel generators in healthcare facilities to ensure uninterrupted operation of critical medical equipment is another factor supporting the market. The trend towards integrating diesel generators with renewable energy sources to enhance efficiency further impels their appeal. Moreover, government investments in infrastructure development are leading to an increased need for power backup solutions.
Leading key Players Operating in the Diesel Generator Industry:
• Aksa Power Generation
• Atlas Copco AB
• Briggs & Stratton Corporation
• Caterpillar Inc
• Cummins Inc
• Generac Holdings Inc
• Kirloskar Electric Company Limited
• Kohler Co
• Mitsubishi Heavy Industries Ltd
• MTU Onsite Energy (Rolls-Royce plc)
• Wartsila Corporation
• Yanmar Co. Ltd
Diesel Generator Market Scope & Growth Analysis:
The scope of the market is broadening due to the increasing need for power in off-grid locations, particularly in developing countries where access to electricity remains limited. Furthermore, the growth in demand for portable diesel generators for outdoor events, disaster recovery, and temporary construction sites is expanding the market's reach. Additionally, the expansion of the telecommunications industry, especially in rural areas, is propelling demand for reliable power backup solutions.
Technological innovations in generators, such as improved fuel efficiency and reduced emissions, are also contributing to market growth. The rising importance of diesel generators in hybrid power systems, combining renewable energy with conventional diesel backup, broadens the market scope. Moreover, governmental incentives for industrial development, particularly in sectors, such as mining and manufacturing, are impelling the market.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/diesel-generator-market
Diesel Generator Market Report Segmentation:
Capacity Insights:
• 0-100 kVA
• 100-350 kVA
• 350-1000 kVA
• Above 1000 kVA
0-100 kVA accounts for the majority of the market share.
Application Insights:
• Standby Backup Power
• Prime Power
• Peak Shaving Power
Standby backup power accounts for the majority of the market share.
Mobility Insights:
• Stationary
• Portable
Stationary accounts for the majority of the market share.
End User Insights:
• Residential
• Commercial
• Industrial
Industrial accounts for the majority of the market share.
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Asia Pacific leads the market, accounting for the largest
diesel generator market share.
Key highlights of the Report:
• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies
Major Advantages of the Report:
• This report provides market leaders and new entrants with accurate revenue estimates for the overall global market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.
Why Choose IMARC Group:
• Extensive Industry Expertise
• Robust Research Methodology
• Insightful Data-Driven Analysis
• Precise Forecasting Capabilities
• Established Track Record of Success
• Global Reach with an Extensive Network
• Tailored Solutions to Meet Client Needs
• Commitment to Strong Client Relationships and Focus
• Timely Project Delivery
• Cost-Effective Service Options
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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