Diesel Generator Market – Overview
The Global Diesel Generator Market is accruing persistently mainly due to the demand for reliable power supply. Diesel generators are helpful in the industries and hospitals to keep running during the power cut and devastating natural calamity challenges as well.
A diesel generator acts as a backup system for reliable power supply in scenarios where frequent outages caused by various natural calamities such flood or hurricane that obstruct the operations of emergency services, residential homes, industrial operations, and commercial establishments. Hence, diesel generators perceive a huge demand and its market generates huge traction on the global platform.
Acknowledging the exponential growth, the market is observing currently; Market Research Future (MRFR) in its recently published study report asserts that the Global Diesel Generator Market is expected to create a large revenue pocket by 2023, registering 5% CAGR between 2017-2023.
Modern diesel generators are fuel-efficient featuring customized applications for the industrial power and electrical control equipment, industrial machinery, and power generation.
Diesel generators play a vital role in supporting healthcare centers with the required power supply to keep life support machines and other necessary tools working during the times of crisis and general healthcare needs. When the power is out, healthcare facilities always use a diesel generator to make sure that everything remains running. The demand for diesel generators in the healthcare is one of the absolute importance.
Reliable power supply at lower costs – this aspect is predominantly fostering the market. Diesel generators are proving to be more cost-effective as they can run for long hours and have a longer life as compared with other types of gensets. These factors allow DG sets to garner exclusive popularity which further enhances the marker size.
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Industry/ Innovation/ Related News
August, 2018 – Jassim Transport and Stevedoring Company (JTC – Kuwait) announced procuring of 102 new units of diesel generators from Cummins (India). The purchase primarily aimed to meet the market demand in Kuwait and Saudi Arabia and is part of JTC’s ongoing initiatives for maintaining a strong foothold within the power generation rental market.
April, 2018 – Mahindra Powerol (India), the power generation unit of Indian conglomerate Mahindra and Mahindra Limited launched its higher power diesel generators, a range of higher kVA Diesel Generator (DG) engines powered by its Perkins 2000 series engines. The new range of engines is in the 400/500/625 kVA range, designed at M&M’s R&D hub in Chennai and manufactured at its Chakan plant near Pune.
Global Diesel Generator Market – Segments
The MRFR analysis is segmented into five key dynamics for the convenience of understanding;
By Portability Types : Comprises Portable Generator and Stationary Generator among other.
By Operation Types : Peak savings, Standby power, and Continuous power among others.
By Power Ratings : 0-100 kVA, 350 kVA, 350-1000 kVA and above 1000 kVA among others.
By End-Users : Industrial, Commercial and Residential, among others.
By Regions : North America, Europe, APAC & the Rest-of-the-World.
Global Diesel Generator Market – Geographical Analysis
The APAC market dominates the global market of diesel generators followed by the MEA (the Middle East & Africa) market. Rapidly growing industrialization in developing countries like India & China is getting confronted by the frequent power cut & other miscellaneous issues pertaining to the reliability of power supply this, in turn, is driving the growth of the regional market.
On the other hand, diesel generator market in the developed regions such as North America and Europe will witness a downward trend owing to the stringent regulations about CO2 emissions/air & sound population.
Global Diesel Generator Market – Competitive Analysis
The Global Diesel Generator Market appears to be fiercely competitive. Several large and small key players form a fragmented landscape.
Existing the best-in-class DG sets that give excellent output with Fuel Efficiency even in extreme operating conditions are the sign of these diesel generator manufacturers’ contribution and the support they are rendering to the community.
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Some of the leaders driving the global diesel generator market include Kirloskar Group (India), Cummins Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan), Kohler Co. (US), Wärtsilä (Finland), Yanmar Co., Ltd. (Japan) AKSA Power Generation (Turkey) and Caterpillar Inc. (US).
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