Market Snapshot:
The growing demand for Residential, Commercial Sectors will help to boost global diesel ganset market. Continuous population growth, infrastructure development and rapid industrialization in emerging economies are pacing demand for power. Diesel gensets have numerous advantages such as better fuel efficiency and low operating costs. Diesel gensets offer reliable and high-quality power, due to which they are extensively used for emergency power backup, as well as stand-alone power generation systems.
Highlights from Diesel Genset Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Largest Market | Europe |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are Atlas Copco (Sweden), Caterpillar Inc. (United States), Cummins Inc. (United States), Doosan Corporation (South Korea), Generac Holdings Inc. (United States), Kirloskar Oil Engines Limited (India), Kohler Co. (United States), Mitsubishi Heavy Industries Engine & Turbocharger Ltd (Japan), MTU Onsite Energy (MTU Friedrichshafen) (Germany) and Aggreko PLC (United Kingdom). Additionally, other players that are part of this comprehensive study are Himoinsa S.L. (Spain) and F.G.Wilson Inc. (United States).
Geographic Breakdown and Segment Analysis
The Global Diesel Genset market presents a comprehensive analysis of the Diesel Genset market by product type (Low Power Generators, Medium Power Generators and High Power Generators), by end-user/application (Standby Backup Power, Prime Power and Peak Shaving Power), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Diesel Genset industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the Europe holds majority of market share of the Diesel Genset market, the North America has emerged as a crucial market for several Diesel Genset brands.
Analyst at AMA have segmented the market study of Global Diesel Genset market by Type, Application and Region.
Influencing Trend:
High Demand for Electricity Globally Far Outstrips the Supply and Upsurging Demand in Various Industrial Sector
Market Growth Drivers:
Surging Demand from Residential, Commercial Sectors and Rising Demand from Various Emerging Economies
Challenges:
Growing Government Policies against Pollution
Restraints:
Increasing Power Blackouts and Fueling Petroleum Cost
Opportunities:
Huge Demand for Remote Monitoring Of Genset and Growing Demand for High-Power Genset
Market Developments Activities:
In May 2022,Caterpillar Inc. today announced a three-year project with Minnesota-based District Energy St. Paul to demonstrate a hydrogen-fueled combined heat and power (CHP) system. The project is supported and partially funded by the U.S. Department of Energy and backed by the National Renewable Energy Laboratory.
In May 2020 Caterpillar Inc. today announced the introduction of Cat® GC diesel generator sets, a new line of standby power solutions configured with an optimized mix of common features that offers excellent customer value by delivering performance with a minimal footprint.
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies
Key Target Audience
Diesel Genset Manufacturers and Suppliers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others