About Diesel Generator Sets
Diesel Generator Sets is a huge market, due to the rise in industries continuously coupled with the development of the global economy is making the market to grow and flourish in upcoming years. It can be either utilized as a standalone or as a source of emergency backup for power supply. Moreover, it is seen that in developing countries generators sets are taking the huge market in the upcoming years. According to the International Energy Agency (IEA), the global demand for energy will grow by approximately 60% by 2030. Over the last 25 years, more than 1 billion people in developing nations gained access to modern energy fuels such as coal, electricity, kerosene, liquefied petroleum gas (LPG) and natural gas. The increasing necessity of power backup in industrial, commercial and residential spaces are driving the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global diesel generator sets market is consolidated in nature. Numerous key players are adopting various competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the emerging economies of India and China, to sustain and gain market penetration across the globe Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Diesel Generator Sets market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caterpillar (United States), Kohler (United States), Cummins (United States), Wartsila (Finland), Generac Power Systems (United States), Briggs & Stratton (United States), GE (United States), Honda Power Equipment (Europe), Dresser-Rand (United States) and Kipor (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cooltechsh (Shanghai), Saonon (China) and Vpower (Hong Kong).
Segmentation Overview
AMA Research has segmented the market of Global Diesel Generator Sets market by Type (Low Power, Medium Power, High Power and Very High Power), Application (Residential, Commercial (Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Agriculture, Aquaculture) and Industrial (Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics)) and Region.
On the basis of geography, the market of Diesel Generator Sets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Process, the sub-segment i.e. Standby will boost the Diesel Generator Sets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in Technology, Particularly In Renewable Technology and in Battery Storage Technologies of a Generator and Adoption of Reliable Generator Equipment in Telecom Industry as they are farther away from Typical Power Grids
Market Growth Drivers:
High Demand from Industrial areas, for Power Backups and Diesel Generators are the Most Optimum Solution for Getting Power in Certain work Environments with Limited Resources
Challenges:
Consumer Preference toward Eco-Friendly Alternatives and Concern Related to Noise which is made by these Generators
Restraints:
Growing Concerns Regarding the Environmental is one of the Major Factor that is hampering the Market and High Cost of these Diesel Generator Sets
Opportunities:
Growing Market Demand of High Powered Generators from Commercial Areas and Increased Need for Power Generation in Home Application which keep Appliances and HVAC Systems Running during Poor Weather or Times of Outage
Market Leaders and their expansionary development strategies
Himoinsa has acquired Powersil, a supplier of generator sets and manufacturer of electrical panels and automation systems. This acquisition, able to strengthen the synergies between the two companies and to start work on a joint growth plan to increase industrial, technical and service capacity, the aim being to enhance leading position in the Portuguese market.
In May 2023, Global power technology leader Cummins Inc. is the launched of the Marine Diesel Cummins Turbo (MDCT) genset. This robust genset can be fitted with either the low or high kW Cummins B4.5 auxiliary engine, giving genset ratings of 40 kWe – 80 kWe and 80 kWe – 110 kWe respectively.
Key Target Audience
Diesel Generator Sets manufacturers and suppliers, End-users of diesel Generator Sets gases such as industrial, commercial & residential consumers of electricity, Research organizations and consulting companies, Associations, organizations, forums, and alliances related to diesel Generator Sets, Government bodies such as regulating authorities and policy makers, Industry associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.