NEW YORK, Aug. 13, 2021 /PRNewswire/ -- The diesel generator market is expected to grow by USD 8.82 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the dominant vendors in the market includingAmericas Generators Inc.(US), APR Energy (US), Atlas Copco AB (Sweden), Caterpillar Inc. (US), Cummins Inc. (US), Generac Power Systems Inc. (US), General Electric Co. (US), J C Bamford Excavators Ltd. (UK), Kohler Co. (US), and Mitsubishi Heavy Industries Ltd. (Japan).
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The diesel generator market is driven by the increased need for diesel generators in data centers, power blackouts due to natural disasters, and growing instances of power grid failure. These factors are expected to trigger the diesel generator market toward witnessing a decelerating CAGR of over 6.78% during the forecast period. However, stringent emission regulations are one of the primary factors anticipated to hamper the market growth in the long run.
Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.
The recovery process involves various phases including:-
Recognizing the existing business model
Focusing on agile execution of proposed and approved changes.
Conceptualize scenario-based planning to mitigate future crisis situations.
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The stationary generators segment was the largest revenue-generating type segment in 2020. The segment is likely to continue its dominance in terms of market size during the forecast period. In terms of geography, 45% of the market's growth will originate from APAC with India and China being the key contributing economies for the diesel generator market in the next few years.
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