Diesel Generator Market to be Worth 38.53 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, May 11, 2022 /PRNewswire/ -- The global diesel generator market size is expected to reach USD 38.53 billion by 2030, escalating at a compound annual growth rate(CAGR) of 8.5%during the forecast period, according to a new report by Grand View Research, Inc. Proliferating demand for emergency power backup and stand-alone power generation systems across several end-use industries including manufacturing & construction, telecom, chemical, marine, oil & gas, healthcare, and others are likely to strengthen the market growth during the forecast period.

Key Insights & Findings from the report:

• Commercial segment of the market is anticipated to propel at a CAGR of 9.0% from 2022 to 2030 owning to wide application base including data centers, educational institutions, government centers, and other such facilities.
• Medium power generator segment occupied a significant revenue share in 2021 owing to its application across several industries including small-scale industries, the telecom sector, petrol stations, and commercial complexes.
• The market in the Asia Pacific is expected to grow at the fastest CAGR owing to rising power demand from developing economies such as China and India.
• AKSA power generation company, Atlas Copco AB, Caterpillar, Cummins Inc., Doosan Portable Power, Generac Power System Inc., Honda India Power Products Ltd., Kohler Co., Rolls-Royce plc, are some of the prominent players in the diesel generator market.

Read 95-page market research report, "Diesel Generator Market Size, Share & Trends Analysis By Power Rating (Low Power, Medium Power, High Power), By Application (Residential, Commercial, Industrial), And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Diesel Generator Market Growth & Trends

Rapid industrialization, infrastructure development, and continuous population growth are among the major factors driving global power consumption. Rising penetration of electronic device load across various commercial scale structures such as data centers has resulted in the higher deployment of diesel generators in order to prevent disruption of daily business activities and provide uninterrupted electricity supply during sudden power outages.

Diesel generator set manufacturers adhere to several regulations and compliances regarding the safety, design, and installation of the system. For instance, the Gen-set should be designed in facilities certified to ISO 9001 and be manufactured in facilities certified to ISO 9001 or ISO 9002, with the prototype test program authenticating the performance reliability of the gen-set design. Certifications from leading organizations such as the U.S. Environmental Protection Agency (EPA), CSA group, Underwriters Laboratories, and International Building Code are expected to enhance the product marketability over the forecast period.

Industry participants are continuously focusing on finding the next-generation diesel generators due to strict regulations. These generators have automatic voltage regulators and built-in electronic governors that automatically control the generator engine speed as needed, thereby making the diesel gen-sets more energy-efficient. Additional features such as remote monitoring of the generator set are expected to boost product sustainability during the forecast period.

Diesel Generator Market Segmentation

Grand View Research has segmented the diesel generator market based on power rating, application, and region:

Diesel Generator Market - Power Rating Outlook (Revenue, USD Million, 2019 - 2030)

• Low Power
• Medium Power
• High Power

Diesel Generator Market - Application Outlook (Revenue, USD Million, 2019 - 2030)

• Industrial
• Commercial
• Residential

Diesel Generator Market - Regional Outlook (Revenue, USD Million, 2019 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• Russia
• France
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE

List of Key Players in Diesel Generator Market

• AKSA power generation company
• Atlas Copco AB
• Caterpillar
• Cummins Inc.
• Doosan Portable Power
• Generac Power System Inc.
• Honda India Power Products Ltd.
• Kohler Co.
• Rolls-Royce plc
• Wartsila Corporation

Check out more related studies published by Grand View Research:

• Generator Sets Market - The global generator sets market size is expected to reach USD 43.9 billion by 2027, ascending at a CAGR of 8.1%, over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for reliable and continuous power supply from several end-use industries including manufacturing and construction, power generation, oil and gas, chemical, marine, healthcare, telecom, and chemical are likely to strengthen market growth over the forecast period.
• Heat Recovery Steam Generator Market - The global heat recovery steam generator market size is expected to reach USD 1.6 billion by 2027, expanding at a CAGR of 3.2%, according to a new report by Grand View Research, Inc. Shifting preference from simple cycle power plants to combined cycle power plants, with increase in adoption of energy-efficiency measures is anticipated to drive the market for heat recovery steam generator (HRSG) during the forecast period.
• Atmospheric Water Generator Market - The global atmospheric water generator market size is expected to reach USD 4.56 billion by 2030, registering a CAGR of 9.0% over the forecast period, according to a new report by Grand View Research, Inc. The market is primarily driven by declining freshwater levels, rising technological advancements, and favorable government regulations. The demand for freshwater for industrial and drinking uses is expected to witness growth on account of the declining freshwater levels and depleting water supplies.

Browse through Grand View Research's Power Generation & Storage Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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