Diesel Generator Market to Develop Rapidly at CAGR of 5% by 2023

Market Research Future adds new report of “Global Diesel Generator Market Research Report- Forecast 2023” it contains Company information, geographical data and Table of Content

Market Highlight:

A diesel generator is a combination of diesel engine and an electric generator and is used to generate electricity. The diesel generator has an inbuilt internal diesel combustion engine that can ignite diesel fuel and the energy generated is transformed into mechanical energy and to generate electricity. Diesel generators are available in various sizes and with power ratings. The market is driven by the increasing need of reliable power supply at lower costs. Also, frequent outages caused by various natural calamities such as severe weather events can cause trouble to the operations of emergency services, industrial operations, residential homes and commercial establishments. Therefore diesel generators act as a backup system for fulfilling their need for reliable power.

Diesel generators can be used under any situation where grid power is not available or has been interrupted. Since emergency facilities such as hospitals, communication services, and emergency call centers require an uninterrupted power supply for providing seamless services in critical situations, several operators are increasingly relying on standby diesel generators as their secondary power source, especially due to the high frequency of power outages. The constant need for power and the unstable power supply situation in most developing countries will aid in the growth of the diesel generators market over the forecast period. Adulterated fuel quality and reduced maintenance are the restraints for the market. The market is expected to grow at a CAGR of 5% during the forecast period.

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Market Segmentation:

• By Portability Type; Stationary Generator s and Portable Generators

• By Operation Type; Standby power, Peak savings, and Continuous power

• By Power Ratings; 0-100 kVA, 350 kVA, 350-1000 kVA and above 1000 kVA

• By End Users; Industrial, Commercial and Residential

Study Objectives of Global Diesel Generator Market

• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global diesel generator market.

• To provide insights about factors affecting the market growth

• To analyze the global diesel generator market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis

• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

• To provide country level analysis of the market with respect to the current market size and future prospective

• To provide country level analysis of the market for segments by material type, product, application and region

• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the diesel generator market

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Global Diesel Generator Market

The diesel generators market is driven by the need of reliable alternate power supply at low operating and fuel costs. Frequent outages cause many emergency, industrial and commercial establishments to depend on reliable backup systems that is provided by Diesel Generators. The Asia-Pacific region is the leading market for diesel generators market and it is closely followed by Middle East and Africa market. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable power, is driving the market for diesel generators. The North America and Europe market is expected to witness decline due to the restraints in emission from diesel engines.

Key Players

The key players of global diesel generator markets are

• Caterpillar Inc. (U.S.)
• Cummins Inc. (U.S.),
• Kohler Co. (U.S)
• Mitsubishi Heavy Industries, Ltd. (Japan)
• Kirloskar Group (India)
• Briggs & Stratton (U.S)
• Wärtsilä (Finland)
• AKSA Power Generation (Turkey)
• Yanmar Co., Ltd. (Japan)

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Intended Audience

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

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This release was published on openPR.