Press release
Technological Advancements Drive Innovation In The Diesel Generator Market Trend: A Crucial Influence on the Diesel Generator Market's Transformation in 2025
Diesel Generator
The growth of the diesel generator market is anticipated to be powered by the expanding construction industry during the forecast period. Diesel generators, as indispensable backup power solutions, significantly contribute to the ongoing operations at various stages of construction projects, particularly in locations where grid power might be inconsistent or not available. For instance, a report from the U.S. Census Bureau disclosed that construction expenditure for June 2023 reached $1,938.4 billion, showing a 3.5% increase from the previous year's expenditure of $1,873.2 billion. Furthermore, in March 2023, a forecast from UK-based Oxford Economics suggested that the global construction output is predicted to ascend from $9.7 trillion in 2022 to $13.9 trillion by 2037. Thus, the burgeoning construction industry will prove instrumental in propelling the diesel generator market's growth.
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What Is the projected market size and growth rate for the diesel generator market?
In the past, the diesel generator market has experienced substantial growth. The market size is projected to rise from $20.52 billion in 2024 and reach $21.82 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this upward trend during the historical period include robust economic expansion in developing markets, swift industrial advancement, a surge in energy demand and usage, and an increased emphasis on electrification via fossil fuel energy sources.
Expectations are high for considerable expansion in the diesel generator market within the next few years. The projected growth rate suggests an increase to $28.28 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%. The impetus for this anticipated growth in the forecast period primarily lies in the flourishing domains of the construction and manufacturing industries, as well as the emerging trend of remote work. The forecast period is also set to witness some key advancements including enhancement of diesel generator efficiency, the development of rental generators, diesel generator hybridization, the creation of compact and mobile solutions, and the infusion of state-of-the-art technologies like remote monitoring, predictive maintenance, and data analytics.
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What new trends are reshaping the diesel generator market and its opportunities?
Leading firms in the diesel generator market are keen on introducing advanced technology-driven solutions such as ultra-silent generators to assert their dominance in the market. These ultra-silent generators are engineered to function with minimum noise, making them suitable for use in areas sensitive to noise, while ensuring a steady supply of power. Trime, a design and manufacture company based in Italy known for innovative and eco-friendly lighting solutions, introduced a new series of diesel generators in May 2024. The power output of these generators ranges from 6 kVA to 670 kVA and they come equipped with advanced technology engines from manufacturers like Kohler Stage V, Yanmar, FPT Iveco, and Perkins. Specifically designed for the hire markets in the UK and Ireland, these ultra-silent generators support flexible single and three-phase outputs for a variety of uses. They maintain the same reliability and toughness standards as Trime's previous products used in lighting towers.
What major market segments define the scope and growth of the diesel generator market?
The diesel generator market covered in this report is segmented -
1) By Type: Small Diesel Generator, Medium Diesel Generator, Large Diesel Generator
2) By End User: Industrial, Commercial, Residential
3) By Application: Standby Backup Power, Peak Shaving, Continuous Load
4) By Mobility: Stationery, Portable
5) By Power Rating: 75 kVA, 75-375 kVA, 375-750 kVA, Above 750 kVA
Subsegments:
1) By Small Diesel Generator: Portable Diesel Generators, Residential Diesel Generators
2) By Medium Diesel Generator: Industrial Diesel Generators, Commercial Diesel Generators
3) By Large Diesel Generator: High-Capacity Diesel Generators, Standby Power Generators For Large Facilities
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Which region dominates the diesel generator market?
Asia-Pacific was the largest region in the diesel generator market in 2024. The regions covered in the diesel generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the diesel generator industry growth?
Major companies operating in the diesel generator market include Mitsubishi Heavy Industries Ltd, Caterpillar Inc, Cummins Inc, Rolls-Royce Holdings plc, Generac Holdings Inc, Aggreko, Atlas Copco AB, Yanmar Co. Ltd., Wartsila Corporation, Doosan Portable Power, Wuxi Huayou Power Equipment Co. Ltd, GIANT Power OEM Co. Ltd, Detra (HK) International, Jiangsu Dohigh Generator Trading Co. Ltd, Shangyu Diesel Engine Co. Ltd, Yanmar Holdings Co. Ltd, Kubota Corporation, Honda India Power Products Limited, Enrogen, Excel Power Ltd, JS Power, German Generator GmbH, Fischer Panda GmbH, Energy XPRT, Andoria-Mot Ltd, Dfme Sp. Z O. O, Poland Generators Manufacturers, Kohler Co, Powerhouse Diesel Generators Inc, Smith's Diesel and Power Systems, BC Diesel Generators, GAL Power Systems, MWM Motors Diesel Inc, Tupy S.A, Soenergy Sistemas Int De Energia, Geraforte Grupos Geradores LTDA, Jubaili Bros, Ultimate Power Solution Fzc, AQT Generators, Ade Power, Algen Power Generation, Mikano International Limited
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What Is Covered In The Diesel Generator Global Market Report?
• Market Size Forecast: Examine the diesel generator market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the diesel generator market for a structured understanding.
• Key Players Overview: Analyze major players in the diesel generator market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the diesel generator market.
• Segment Contributions: Evaluate how different segments drive overall growth in the diesel generator market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the diesel generator market.
• Industry Challenges: Identify potential risks and obstacles affecting the diesel generator market.
• Competitive Landscape: Review strategic developments in the diesel generator market, including expansions, agreements, and new product launches.
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