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Diesel Genset Market size is anticipated to reach USD 30.84 billion, growing at a CAGR of 9.70% between 2022 and 2030.
In 2021, the market was worth USD 17.23 billion. Electrical energy is produced by using diesel generators to transform mechanical energy. The requirement for constant power supply and the frequent power outages in developing nations can offer a sizable market expansion opportunity.
In order to lessen the stress on healthcare staff, a continuous power supply is required due of the COVID-19 epidemic. To ensure a constant supply of electricity and to increase personnel numbers in order to mitigate the economic impact, governments around the world are investing in diesel-powered generators. The demand for diesel gensets may be influenced by the need for power in rural clinics and urban hospitals.
Because of the high cost of diesel and corporate sustainability objectives, market growth is anticipated to be constrained. In the upcoming years, diesel demand may decline due to the high fuel expenditures that make up tiny clinics' and hospitals' operating budgets. The best backup power options may necessitate the purchase of hybrid systems with diesel-powered engines. There are both small and major competitors in the global diesel genset market. The market strategies of significant manufacturers and producers may be influenced by the need to meet the need for dependable power infrastructure and uninterruptible power. In the upcoming years, the market demand may be driven by quickly expanding sectors and the need to maintain production lines.
A U.S. company named Caterpillar Inc. has chosen to introduce 31 new variants of its Cat GC diesel generator sets for electrical contractors. The models that are available in the 50Hz and 60Hz ranges can keep up with the brisk pace needed for building projects. Commercial establishments, medical facilities, infrastructure, wastewater treatment facilities, agricultural facilities, manufacturing, and other small businesses operating in these industries make up the perfect customer base for these generators.
'Principe de Asturias' Military Regiment and HIMOINSA, a Yanmar subsidiary, have teamed together to supply the army with diesel generators. It was used to power equipment for fumigation to stop the spread of the COVID-19 virus.
Report Coverage
Global Diesel Genset research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Diesel Genset report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Diesel Genset competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Diesel Genset market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Diesel Genset market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Diesel Genset market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kirloskar Electric Company (India), Atlas Copco AB (Sweden), Mitsubishi Heavy Industries Ltd (Japan), Sutton Power Engineering (U.K.), Rolls-Royce plc (U.K.), General Electric (U.S.), Kohler Co. (U.S.), Denyo Co. Ltd (Japan), JS Power (U.K.), Generac Power Systems Inc. (U.S.), Ashok Leyland (India), Cummins Inc. (U.S.), Caterpillar (U.S.), Wärtsilä (Finland), Yanmar Co Ltd (Japan)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Diesel Genset market based on the below-mentioned segments:
Global Diesel Genset Market, By Portability
Stationary
Portable
Global Diesel Genset market, By Application
Standby Power
Peak Sharing
Continuous
Global Diesel Genset Market, By End User
Industrial
Commercial
Residential
Global Diesel Genset market, Regional Analysis
In 2021, the market was worth USD 17.23 billion. Electrical energy is produced by using diesel generators to transform mechanical energy. The requirement for constant power supply and the frequent power outages in developing nations can offer a sizable market expansion opportunity.
In order to lessen the stress on healthcare staff, a continuous power supply is required due of the COVID-19 epidemic. To ensure a constant supply of electricity and to increase personnel numbers in order to mitigate the economic impact, governments around the world are investing in diesel-powered generators. The demand for diesel gensets may be influenced by the need for power in rural clinics and urban hospitals.
Because of the high cost of diesel and corporate sustainability objectives, market growth is anticipated to be constrained. In the upcoming years, diesel demand may decline due to the high fuel expenditures that make up tiny clinics' and hospitals' operating budgets. The best backup power options may necessitate the purchase of hybrid systems with diesel-powered engines. There are both small and major competitors in the global diesel genset market. The market strategies of significant manufacturers and producers may be influenced by the need to meet the need for dependable power infrastructure and uninterruptible power. In the upcoming years, the market demand may be driven by quickly expanding sectors and the need to maintain production lines.
A U.S. company named Caterpillar Inc. has chosen to introduce 31 new variants of its Cat GC diesel generator sets for electrical contractors. The models that are available in the 50Hz and 60Hz ranges can keep up with the brisk pace needed for building projects. Commercial establishments, medical facilities, infrastructure, wastewater treatment facilities, agricultural facilities, manufacturing, and other small businesses operating in these industries make up the perfect customer base for these generators.
'Principe de Asturias' Military Regiment and HIMOINSA, a Yanmar subsidiary, have teamed together to supply the army with diesel generators. It was used to power equipment for fumigation to stop the spread of the COVID-19 virus.
Report Coverage
Global Diesel Genset research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Diesel Genset report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Diesel Genset competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Diesel Genset market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Kirloskar Electric Company (India), Atlas Copco AB (Sweden), Mitsubishi Heavy Industries Ltd (Japan), Sutton Power Engineering (U.K.), Rolls-Royce plc (U.K.), General Electric (U.S.), Kohler Co. (U.S.), Denyo Co. Ltd (Japan), JS Power (U.K.), Generac Power Systems Inc. (U.S.), Ashok Leyland (India), Cummins Inc. (U.S.), Caterpillar (U.S.), Wärtsilä (Finland), Yanmar Co Ltd (Japan) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Diesel Genset Market from 2021 to 2030.
- Market Forecast for Diesel Genset Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Diesel Genset competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Diesel Genset
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Diesel Genset market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Diesel Genset market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kirloskar Electric Company (India), Atlas Copco AB (Sweden), Mitsubishi Heavy Industries Ltd (Japan), Sutton Power Engineering (U.K.), Rolls-Royce plc (U.K.), General Electric (U.S.), Kohler Co. (U.S.), Denyo Co. Ltd (Japan), JS Power (U.K.), Generac Power Systems Inc. (U.S.), Ashok Leyland (India), Cummins Inc. (U.S.), Caterpillar (U.S.), Wärtsilä (Finland), Yanmar Co Ltd (Japan)
Primary Target Market
- Market Players of Diesel Genset
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Diesel Genset market based on the below-mentioned segments:
Global Diesel Genset Market, By Portability
Stationary
Portable
Global Diesel Genset market, By Application
Standby Power
Peak Sharing
Continuous
Global Diesel Genset Market, By End User
Industrial
Commercial
Residential
Global Diesel Genset market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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