Press release
Diesel Generators market is predicted to grow at approximately 5% by 2023
Market HighlightsThe need for continuous uninterrupted power supply is growing because of the worldwide rise in population and rapid industrialization. Power outages can severely affect productivity and the daily lives of people. This is driving the market for diesel generators, which act as standby power solutions.
The Diesel Generator Market in the Asia-Pacific region is expected to grow the fastest during the forecast period. Existing grid infrastructure in the Asia-Pacific region cannot meet the growing demand for power and results in increased power outages, especially in countries such as India, industrialization has contributed to many IT and data centers, telecom industries and also many infrastructure projects, which needs continuous power. Power consumption is rising quickly while underdeveloped electricity transmission and distribution infrastructure cannot ensure continuous power supply. This has created a positive environment for the growth of diesel generator market.
The market has been analyzed based on portability types, operations types, power ratings, end users and regions. On the basis of end users, the industrial segment is expected to dominate the market for diesel generators. Diesel generators enable the manufacturing industries to continue operations even during the power outage.. Hospitals and other critical care services such as data centers and public services must have reliable power for their operations.
Diesel Generator Market is expected to grow with the CAGR of approximately 5% from 2017 to 2023
Key Players
• 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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Market Research Analysis
Asia-Pacific region is expected to grow at the fastest rate
Rapid industrialization in countries such as China, India, Indonesia and Australia demand continuous power for operations of industrial sector, data centers and emergency services in these countries. Ageing grid infrastructure often hampers the supply for continuous power. Thus diesel generators are indispensable in providing uninterrupted power supply. This is creating a lucrative market for diesel generators in this region. However, the growth in North America and Europe regions is expected to be stagnated because of rising environmental impact of using diesel generators and the necessity to meet global climate change targets.
Standby applications market is growing at the highest rate in the diesel generators market from 2017-2023
Diesel generators such as standby electrical systems operate automatically when there is an unexpected power outage. For residential homes and other domestic purposes, low capacity single phase generators are available while for commercial use, three phase generators are available and are used the most. Also, in places where the electrical power is not available, diesel generators act as alternative power solutions. Furthermore, in countries such as UK they are used to provide power for peak power consumption times. This is mainly due to their immediate startup time and ready availability of fuel.
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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Diesel Generators Market, By Portability Type
4.1 Introduction
4.2 Stationary Generators
4.3 Portable Generators
5 Global Diesel Generators Market, By Operations Type
Continue…….
List of Tables
Table 1 Global Diesel Generatorsmarket, By Type
Table 2 Global Diesel Generatorsmarket, By Operations Type
Table 3 Global Diesel Generatorsmarket, By Application
Table 4 Global Diesel Generatorsmarket, By Regions
Table 5 North America Diesel Generators Market, By Type
Table 6 North America Diesel Generators Market, By Operations Type
Table 7 North America Diesel Generators Market, By Application
Table 8 U.S. Diesel Generators Market, By Type
Continue……….
List of Figures
Figure 1 Research Operations Type
Figure 2 Global Diesel Generators Market: By Type (%)
Figure 3 Global Diesel Generators Market: By Operations Type (%)
Figure 4 Global Diesel Generators Market: By Application (%)
Figure 5 Global Diesel Generators Market: By Region
Figure 6 North America Diesel Generators Market, By Type (%)
Figure 7 North America Diesel Generators Market, By Operations Type (%)
Figure 8 North America Diesel Generators Market, By Application (%)
Continue………..
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