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Global Diesel Generator Market to reach USD 36.0 billion by the end of 2029.

Global Diesel Generator Market Size study & Forecast, by Power Rating (Low Power, Medium Power, High Power), By Application (Residential, Commercial, Industrial), and Regional Analysis, 2022-2029

Product Code: EPPGS-60200781
Publish Date: 1-04-2023
Page: 200

Global Diesel Generator Market is valued at approximately USD 18.74 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2022-2029. A diesel generator is a machine that converts mechanical energy into electrical energy using a diesel engine and an alternator. It is commonly used as a backup power source in situations where electricity from the grid is not available, such as in remote locations or during power outages. The diesel engine in a diesel generator uses diesel fuel to create combustion, which drives the engine’s pistons, in turn powering the alternator. The alternator then converts the mechanical energy from the engine into electrical energy that can be used to power various electrical devices and appliances. The market demand is primarily driven by the factors such as growing demand for reliable backup power, coupled with the Increasing industrialization and urbanization.

In addition, the diesel generator market is also driven by technological advancements and innovations, such as the development of more fuel-efficient and eco-friendly diesel engines, which can reduce operating costs and environmental impact that is acting as major driving factors for market growth. According to Technology For You, the market for diesel engines is anticipated to increase by USD 37.45 billion between 2021 and 2026, expanding at a CAGR of 3.16%, thus, in turn, these factors are expected to escalate the demand for diesel generators in the global market. Furthermore, Increasing industrialization and urbanization, as well as technological advancements and innovation are presenting lucrative opportunities for market growth over the forthcoming years. However, the Emergence of alternative power sources is restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Diesel Generator Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increased development of infrastructure and manufacturing facilities, widening electricity supply-demand gaps, and quickening growth of the commercial office. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as demand for dependable backup power solutions have increased as a result of the steadily expanding infrastructure of data centres and other commercial markets as well as the growing vulnerability of the power grid to weather-based disruptions burgeoning the market growth in the forecasting years.

Major market players included in this report are:
AKSA Power Generation Company Ltd.
Atlas Copco Group
Caterpillar Inc.
Cummins Inc.
Doosan Portable Power
Generac Power System Inc.
Honda India Power Products Ltd.
Kohler Co.
Rolls-Royce Holdings plc
Wartsila Corporation

Recent Developments in the Market:
 In January 2023, Rolls-Royce announced the successful testing of a 12-cylinder gas variant of the mtu Series 4000 L64 engine using 100% hydrogen fuel. The testing conducted by the Power Systems business unit produced highly encouraging outcomes in terms of efficiency, performance, emissions, and combustion. For the commercial release of hydrogen-based goods to meet customer demand for more ecologically friendly energy, these experiments mark yet another essential step.
 In December 2022, Atlas Copco has finalised the acquisition of Suzhou Since Gas System Co., Ltd.’s assets, a Chinese maker of on-site gas generation equipment. The acquired company will join the Compressor Technology Business Area’s Industrial Air division.
 In March 2022, Honda India Power Products Limited (HIPP), a market leader in the Power Products category for the past 36 years and one of India’s top manufacturers of power products, today announced its debut into the Indian marine outboard industry with a line of 4-stroke outboard motors. It aims to offer boat operators a high-performance, reliable, fuel-efficient, and environmentally friendly choice for superior operational performance on the sea.

Global Diesel Generator Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Power Rating, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Rating:
Low Power
Medium Power
High Power

By Application:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD billion)
1.2.1. Diesel Generator Market, by Region, 2019-2029 (USD billion)
1.2.2. Diesel Generator Market, by Power Rating, 2019-2029 (USD billion)
1.2.3. Diesel Generator Market, by Application, 2019-2029 (USD billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Diesel Generator Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Diesel Generator Market Dynamics
3.1. Diesel Generator Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing demand for reliable backup power. The Increasing industrialization and urbanization. Technological advancements and innovations.
3.1.2. Market Challenges Emergence of alternative power sources.
3.1.3. Market Opportunities Increasing industrialization and urbanization. Technological advancements and innovation.
Chapter 4. Global Diesel Generator Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Diesel Generator Market, by Power Rating
6.1. Market Snapshot
6.2. Global Diesel Generator Market by Power Rating, Performance – Potential Analysis
6.3. Global Diesel Generator Market Estimates & Forecasts by Power Rating 2019-2029 (USD billion)
6.4. Diesel Generator Market, Sub Segment Analysis
6.4.1. Low Power
6.4.2. Medium Power
6.4.3. High Power
Chapter 7. Global Diesel Generator Market, by Application
7.1. Market Snapshot
7.2. Global Diesel Generator Market by Application, Performance – Potential Analysis
7.3. Global Diesel Generator Market Estimates & Forecasts by Application 2019-2029 (USD billion)
7.4. Diesel Generator Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
Chapter 8. Global Diesel Generator Market, Regional Analysis
8.1. Diesel Generator Market, Regional Market Snapshot
8.2. North America Diesel Generator Market
8.2.1. U.S. Diesel Generator Market Power Rating breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Diesel Generator Market
8.3. Europe Diesel Generator Market Snapshot
8.3.1. U.K. Diesel Generator Market
8.3.2. Germany Diesel Generator Market
8.3.3. France Diesel Generator Market
8.3.4. Spain Diesel Generator Market
8.3.5. Italy Diesel Generator Market
8.3.6. Rest of Europe Diesel Generator Market
8.4. Asia-Pacific Diesel Generator Market Snapshot
8.4.1. China Diesel Generator Market
8.4.2. India Diesel Generator Market
8.4.3. Japan Diesel Generator Market
8.4.4. Australia Diesel Generator Market
8.4.5. South Korea Diesel Generator Market
8.4.6. Rest of Asia Pacific Diesel Generator Market
8.5. Latin America Diesel Generator Market Snapshot
8.5.1. Brazil Diesel Generator Market
8.5.2. Mexico Diesel Generator Market
8.5.3. Rest of Latin America Diesel Generator Market
8.6. Rest of The World Diesel Generator Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. AKSA Power Generation Company Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Atlas Copco Group
9.2.3. Caterpillar Inc.
9.2.4. Cummins Inc.
9.2.5. Doosan Portable Power
9.2.6. Generac Power System Inc.
9.2.7. Honda India Power Products Ltd.
9.2.8. Kohler Co.
9.2.9. Rolls-Royce Holdings plc
9.2.10. Wartsila Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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