Energy & Environment Industry Today

Diesel Generator Market Outlook and Forecast 2023: Growth Factors, Trends, Top Companies Analysis for Business Prospects

Global Diesel Generator Market Information Report by Portability Type (Stationary Generator s and Portable Generator s), by Operation type (Standby power, Peak savings, Continuous power), by Power ratings (0-100 kVA, 350 kVA, 350-1000 kVA and above 1000 kVA), by End users (Industrial, Commercial and Residential) and by Regions - Global Forecast To 2023
Published 09 February 2018
Global Diesel Generator Market   - Overview
Diesel Generators support the industries and hospitals to keep running during the power cut or tougher natural calamity challenges. 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. Diesel generators act as a backup system for fulfilling their need for reliable power in such scenarios. Due to which Diesel generators are gaining a lot of traction.

Diesel Generators play an important role in supporting hospitals with the required power supply to keep life support machines and other necessary healthcare tools working during the times of crisis and general healthcare needs alike. When the power is out, healthcare centres almost always use a Diesel generator to make sure that everything remains on and running.  The need for Diesel generators in the healthcare is one of absolute importance.  Hence they are also called as ‘Lifeblood’.

Diesel Generators are Fuel Efficient and known for customized applications related to industrial power and electrical control equipment for operation of industrial machinery, power generation, and control equipment for the T&D industry. Hence they find a vast area of application and the market of Diesel Generators is ever increasing.
Accrediting the exponential traction the Diesel Generators market is garnering currently demonstrating the growth prospects globally; the Market Research Future has recently published a study report giving out the complete market insights up till 2023. In its analysis the MRFR asserts that the Global Diesel Generators Market is projected to gain further accruals registering 5% of CAGR during the forecast period 2017-2023.

Growing environmental legislation and concerns are driving the need to develop and apply innovative alternative power and propulsion technology to generate alternative to power.  But again, when its fuel based power generation, it has to be Fuel Efficient. The reliable power supply at lower costs – this aspect is predominantly fostering the market growth. Additionally, Diesel Generators are cost effective and can run for longer hours and have a longer life as compared with the other generators. These factors contribute to garner extensive popularity for Diesel Generators increasing its marker size.

Despite of all these advantages, there are some disadvantages which are acting as market growth restraining factors. For instance – first and foremost Diesel Generators cause noise and air pollution damaging the environment notably. Secondly, the start-up cost (Installation charges) which are generally over the 25 % of the actual total cost of the generator. Besides they consist of heavy parts that can cost equally heavy after sales service.
However, numerous aspects of the Diesel Generator have been subjected to modifications and treatments in attempts to make these gensets more efficient such as advancements in sound attenuation materials have allowed engineers to minimize noise levels substantially.  
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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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)
Scope of the Report
This study provides an overview of the global diesel generators market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global diesel generators market by its portability type, operations type, by power ratings, by end users and by regions.
  • By Portability Type
  • Standby power supply
  • Portable power supply
  • By Operations Type
  • Standby power
  • Peak savings
  • Continuous power
  • By Power ratings
  • 0-100 kVA
  • 350 kVA
  • 350-1000 kVA
  • Above 1000 kVA
  • By End users
  • Industrial
  • Commercial
  • Residential
  • By Regions
  • North America 
  • Asia Pacific 
  • Europe
Rest of the World
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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.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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