Diesel Generator Market Sees Growth US$ 33.03Bn by 2031 - Power Gaps, Infrastructure Boost Local Demand

Global Diesel Generator Market reached US$ 19.46 billion in 2023 and is expected to reach US$ 33.03 billion by 2031, growing with a CAGR of 6.84% during the forecast period 2024-2031.

Diesel Generator Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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A diesel generator is a machine that converts diesel fuel into electrical energy by using a diesel engine coupled with an electric generator (alternator). It is commonly used as a backup power source in industrial, commercial, and residential applications during power outages or in off-grid locations.

List of the Key Players in the Diesel Generator Market:

Caterpillar Inc., Aggreko, Cummins Inc., Himoinsa, John Deere, Kohler SDMO, PRAMAC, Kirloskar Electric Co. Ltd., Generac Power Systems, FG Wilson, Atlas Copco, American Honda Motor Company Inc., Briggs & Stratton, Ingersoll Rand, Yamaha Motor Co. Ltd.

Industry Development:

In October 2023, Aggreko introduced its latest range of Tier 4 Final generators to the Canadian market. Originally rolled out in the U.S. in 2022, these units are now available in Canada as CSA-certified models, offering power capacities from 100 kW to 500 kW. Aggreko emphasized that the new generators were engineered to meet the most stringent emissions standards enforced by the U.S. Environmental Protection Agency (EPA) and the Canadian Environmental Protection Act (CEPA) for diesel-powered equipment.

In February 2023, Caterpillar Inc. launched the Cat® XQ330 Series of mobile diesel generators, developed for both standby and mission-critical uses. These generators comply with the U.S. EPA's Tier 4 Final emission standards. Powered by the robust Cat C9.3B diesel engine, the XQ330 delivers up to 288 kW for standby power and 264 kW for prime applications at 60 Hz.

In the same month, Pramac GmbH, a subsidiary of P.R. Industrial s.r.l. and part of Generac Power Systems, announced the acquisition of REFU Storage Systems GmbH (REFUstor) from REFU Elektronik GmbH. Pramac's move strengthens its capabilities in advanced energy storage and positions the company for further growth in integrated energy solutions.

Growth Forecast Projected:

The Global Diesel Generator Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Diesel Generator Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Diesel Generator Market:

By Portability: Stationary, Portable

By Power Rating: Below 75 kVA, 75 - 375 kVA, 375 - 750 kVA and Above 750 kVA

By Application: Continuous Load, Peak Load, Standby Load

By End-User: Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceutical, Commercial, Telecom, Electric Utility, Data Centers, Others

Regional Analysis for Diesel Generator Market:

The regional analysis of the Diesel Generator Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Diesel Generator market?

➠ Who are the leading manufacturers in the global Diesel Generator industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Diesel Generator industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Diesel Generator market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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