Diesel Generator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Diesel Generator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Diesel Generator Market
The diesel generator market size was valued at USD 19.46 billion in 2023, and the market is now projected to grow from USD 20.84 billion in 2024 to USD 37.03 billion by 2032, exhibiting a CAGR of 7.45% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted the diesel generator market growth by inflicting labour shortages, supply chain problems and rising raw material and logistics costs. Travel restrictions slowed manufacturing and installation processes, affecting key automotive, power and HVAC sectors. These challenges severely impacted business operations for major players in the industry.
The growing oil and gas sector is driving demand for diesel generator market share, fueled by rising consumption and expanding industry applications. New hydrocarbon discoveries and offshore well exploitation are further boosting this demand. Diesel generators play a key role in supporting operations within these industries.
Additionally, power outages caused by grid failures, cable faults and climate issues disrupt operations for many entities. Authorities such as the EU and U.S. DoE are promoting standby power sources for continuous supply. Extended outages jeopardizing both household and commercial activities. This situation is driving customers to seek reliable backup power solutions.
Comprehensive Analysis of Diesel Generator Market
The diesel generator market and power & energy industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the power & energy industry. These segmentations are methodically segregated by portability, by power rating, by application and by end-user. The portability includes, Stationary and Portable. The power rating includes, Below 75 kVA, 75 - 375 kVA, 375 - 750 kVA and Above 750 kVA. The application includes, Continuous Load, Peak Load and Standby Load. The end-user includes, Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceutical, Commercial, Telecom, Electric Utility, Data Centers and Others.
Asia Pacific is the most important marketplace for residential generators attributable to the extension of residential utility infrastructure because of factors which include urbanization and industrialization. The increasing data centre enterprise is further growing the demand for generators. Collaborations between Kirloskar and RITES Ltd., are exploring possibilities in infrastructure and transport delivery. New medical studies development centres and electrification plans for remote regions are boosting the pharmaceutical industry. Growing residential, commercial and industrial establishments are drastically elevating energy desires in the region.
The top players in the market play a crucial role in the power & energy industry assuring industrial prospectus growth and setting market standards. These players include, Caterpillar Inc. (U.S.), Aggreko (U.K.), Cummins Inc. (U.S.), Himoinsa (Spain), John Deere (U.S.), Kohler SDMO (France), PRAMAC (Italy), Kirloskar Electric Co. Ltd. (India), Generac Power Systems (U.S.), FG Wilson (U.K.), Atlas Copco (Sweden), American Honda Motor Company Inc. (U.S.), Briggs & Stratton (U.S.), Ingersoll Rand (U.S.) and Yamaha Motor Co. Ltd. (Japan). These market players provide a level-playing competitive landscape.
In October 2023, Aggreko brought into the market of Canada the latest generation of Tier4 final generators. From 2022, they will be available in Canada with Certified short circuit current availabilities ranging from 100 kW to 500 kW. The company stated that the generators were developed in compliance with the current diesel generator emissions requirements using CEPA and EPA standards.
Segmentation Table
Global Diesel Generator Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 7.45% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Portability, Power Rating, Application, End-user, and Region
By Portability Stationary
Portable
By Power Rating Below 75 kVA
75 – 375 kVA
375 – 750 kVA
Above 750 kVA
By Application Continuous Load
Peak Load
Standby Load
By End-user Mining
Oil & Gas
Construction
Residential
Marine
Manufacturing
Pharmaceutical
Commercial
Telecom
Electric Utility
Data Centers
Others
By Region North America (By Type, Power Rating, Application, End-user, and Country)
U.S. (By Application)
Canada (By Application)
Europe (By Type, Power Rating, Application, End-user, and Country)
U.K. (By Application)
Germany (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, Power Rating, Application, End-user, and Country)
China (By Application)
Japan (By Application)
India (By Application)
Australia (By Application)
Southeast Asia (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Type, Power Rating, Application, End-user)
Brazil (By Application)
Mexico (By Application)
Argentina (By Application)
Rest of Latin America (By Application)
Middle East and Africa (By Type, Power Rating, Application, End-user)
GCC (By Application)
South Africa (By Application)
Egypt (By Application)
Rest of the Middle East & Africa (By Application)
Table of Contents
257 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Diesel Generator Market
- 5. Global Diesel Generator Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings
- 5.2. Market Analysis, Insights, and Forecast – By Portability
- 5.2.1. Stationary
- 5.2.2. Portable
- 5.3. Market Analysis, Insights, and Forecast – By Power Rating
- 5.3.1. Below 75 kVA
- 5.3.2. 75 – 375 kVA
- 5.3.3. 375 – 750 kVA
- 5.3.4. Above 750 kVA
- 5.4. Market Analysis, Insights, and Forecast – By Application
- 5.4.1. Continuous Load
- 5.4.2. Peak Load
- 5.4.3. Standby Load
- 5.5. Market Analysis, Insights, and Forecast – By End-User
- 5.5.1. Mining
- 5.5.2. Oil & Gas
- 5.5.3. Construction
- 5.5.4. Residential
- 5.5.5. Marine
- 5.5.6. Manufacturing
- 5.5.7. Pharmaceutical
- 5.5.8. Commercial
- 5.5.9. Telecom
- 5.5.10. Electric Utility
- 5.5.11. Data Centers
- 5.5.12. Others
- 5.6. Market Analysis, Insights, and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America
- 5.6.5. Middle East and Africa
- 6. North America Diesel Generator Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 6.1. Key Findings
- 6.2. Market Analysis, Insights, and Forecast – By Portability
- 6.2.1. Stationary
- 6.2.2. Portable
- 6.3. Market Analysis, Insights, and Forecast – By Power Rating
- 6.3.1. Below 75 kVA
- 6.3.2. 75 – 375 kVA
- 6.3.3. 375 – 750 kVA
- 6.3.4. Above 750 kVA
- 6.4. Market Analysis, Insights, and Forecast – By Application
- 6.4.1. Continuous Load
- 6.4.2. Peak Load
- 6.4.3. Standby Load
- 6.5. Market Analysis, Insights, and Forecast – By End-User
- 6.5.1. Mining
- 6.5.2. Oil & Gas
- 6.5.3. Construction
- 6.5.4. Residential
- 6.5.5. Marine
- 6.5.6. Manufacturing
- 6.5.7. Pharmaceutical
- 6.5.8. Commercial
- 6.5.9. Telecom
- 6.5.10. Electric Utility
- 6.5.11. Data Centers
- 6.5.12. Others
- 6.6. Market Analysis, Insights, and Forecast – By Country
- 6.6.1. U.S. Market Analysis, Insights, and Forecast – By Application
- 6.6.1.1. Continuous Load
- 6.6.1.2. Peak Load
- 6.6.1.3. Standby Load
- 6.6.2. Canada Market Analysis, Insights, and Forecast – By Application
- 6.6.2.1. Continuous Load
- 6.6.2.2. Peak Load
- 6.6.2.3. Standby Load
- 7. Europe Diesel Generator Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 7.1. Key Findings
- 7.2. Market Analysis, Insights, and Forecast – By Portability
- 7.2.1. Stationary
- 7.2.2. Portable
- 7.3. Market Analysis, Insights, and Forecast – By Power Rating
- 7.3.1. Below 75 kVA
- 7.3.2. 75 – 375 kVA
- 7.3.3. 375 – 750 kVA
- 7.3.4. Above 750 kVA
- 7.4. Market Analysis, Insights, and Forecast – By Application
- 7.4.1. Continuous Load
- 7.4.2. Peak Load
- 7.4.3. Standby Load
- 7.5. Market Analysis, Insights, and Forecast – By End-User
- 7.5.1. Mining
- 7.5.2. Oil & Gas
- 7.5.3. Construction
- 7.5.4. Residential
- 7.5.5. Marine
- 7.5.6. Manufacturing
- 7.5.7. Pharmaceutical
- 7.5.8. Commercial
- 7.5.9. Telecom
- 7.5.10. Electric Utility
- 7.5.11. Data Centers
- 7.5.12. Others
- 7.6. Market Analysis, Insights, and Forecast – By Country
- 7.6.1. U.K. Market Analysis, Insights, and Forecast – By Application
- 7.6.1.1. Continuous Load
- 7.6.1.2. Peak Load
- 7.6.1.3. Standby Load
- 7.6.2. Germany Market Analysis, Insights, and Forecast – By Application
- 7.6.2.1. Continuous Load
- 7.6.2.2. Peak Load
- 7.6.2.3. Standby Load
- 7.6.3. France Market Analysis, Insights, and Forecast – By Application
- 7.6.3.1. Continuous Load
- 7.6.3.2. Peak Load
- 7.6.3.3. Standby Load
- 7.6.4. Italy Market Analysis, Insights, and Forecast – By Application
- 7.6.4.1. Continuous Load
- 7.6.4.2. Peak Load
- 7.6.4.3. Standby Load
- 7.6.5. Spain Market Analysis, Insights, and Forecast – By Application
- 7.6.5.1. Continuous Load
- 7.6.5.2. Peak Load
- 7.6.5.3. Standby Load
- 7.6.6. Russia Market Analysis, Insights, and Forecast – By Application
- 7.6.6.1. Continuous Load
- 7.6.6.2. Peak Load
- 7.6.6.3. Standby Load
- 7.6.6.4. Others
- 7.6.7. Rest of Europe Market Analysis, Insights, and Forecast – By Application
- 7.6.7.1. Continuous Load
- 7.6.7.2. Peak Load
- 7.6.7.3. Standby Load
- 8. Asia Pacific Diesel Generator Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 8.1. Key Findings
- 8.2. Market Analysis, Insights, and Forecast – By Portability
- 8.2.1. Stationary
- 8.2.2. Portable
- 8.3. Market Analysis, Insights, and Forecast – By Power Rating
- 8.3.1. Below 75 kVA
- 8.3.2. 75 – 375 kVA
- 8.3.3. 375 – 750 kVA
- 8.3.4. Above 750 kVA
- 8.4. Market Analysis, Insights, and Forecast – By Application
- 8.4.1. Continuous Load
- 8.4.2. Peak Load
- 8.4.3. Standby Load
- 8.5. Market Analysis, Insights, and Forecast – By End-User
- 8.5.1. Mining
- 8.5.2. Oil & Gas
- 8.5.3. Construction
- 8.5.4. Residential
- 8.5.5. Marine
- 8.5.6. Manufacturing
- 8.5.7. Pharmaceutical
- 8.5.8. Commercial
- 8.5.9. Telecom
- 8.5.10. Electric Utility
- 8.5.11. Data Centers
- 8.5.12. Others
- 8.6. Market Analysis, Insights, and Forecast – By Country
- 8.6.1. China Market Analysis, Insights, and Forecast – By Application
- 8.6.1.1. Continuous Load
- 8.6.1.2. Peak Load
- 8.6.1.3. Standby Load
- 8.6.2. India Market Analysis, Insights, and Forecast – By Application
- 8.6.2.1. Continuous Load
- 8.6.2.2. Peak Load
- 8.6.2.3. Standby Load
- 8.6.3. Japan Market Analysis, Insights, and Forecast – By Application
- 8.6.3.1. Continuous Load
- 8.6.3.2. Peak Load
- 8.6.3.3. Standby Load
- 8.6.4. Australia Market Analysis, Insights, and Forecast – By Application
- 8.6.4.1. Continuous Load
- 8.6.4.2. Peak Load
- 8.6.4.3. Standby Load
- 8.6.5. Southeast Asia Market Analysis, Insights, and Forecast – By Application
- 8.6.5.1. Continuous Load
- 8.6.5.2. Peak Load
- 8.6.5.3. Standby Load
- 8.6.6. Rest of Asia-Pacific Market Analysis, Insights, and Forecast – By Application
- 8.6.6.1. Continuous Load
- 8.6.6.2. Peak Load
- 8.6.6.3. Standby Load
- 9. Latin America Diesel Generator Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 9.1. Key Findings
- 9.2. Market Analysis, Insights, and Forecast – By Portability
- 9.2.1. Stationary
- 9.2.2. Portable
- 9.3. Market Analysis, Insights, and Forecast – By Power Rating
- 9.3.1. Below 75 kVA
- 9.3.2. 75 – 375 kVA
- 9.3.3. 375 – 750 kVA
- 9.3.4. Above 750 kVA
- 9.4. Market Analysis, Insights, and Forecast – By Application
- 9.4.1. Continuous Load
- 9.4.2. Peak Load
- 9.4.3. Standby Load
- 9.5. Market Analysis, Insights, and Forecast – By End-User
- 9.5.1. Mining
- 9.5.2. Oil & Gas
- 9.5.3. Construction
- 9.5.4. Residential
- 9.5.5. Marine
- 9.5.6. Manufacturing
- 9.5.7. Pharmaceutical
- 9.5.8. Commercial
- 9.5.9. Telecom
- 9.5.10. Electric Utility
- 9.5.11. Data Centers
- 9.5.12. Others
- 9.6. Market Analysis, Insights, and Forecast – By Country
- 9.6.1. Brazil Market Analysis, Insights, and Forecast – By Application
- 9.6.1.1. Continuous Load
- 9.6.1.2. Peak Load
- 9.6.1.3. Standby Load
- 9.6.2. Mexico Market Analysis, Insights, and Forecast – By Application
- 9.6.2.1. Continuous Load
- 9.6.2.2. Peak Load
- 9.6.2.3. Standby Load
- 9.6.3. Argentina Market Analysis, Insights, and Forecast – By Application
- 9.6.3.1. Continuous Load
- 9.6.3.2. Peak Load
- 9.6.3.3. Standby Load
- 9.6.4. Rest of Latin America Market Analysis, Insights, and Forecast – By Application
- 9.6.4.1. Continuous Load
- 9.6.4.2. Peak Load
- 9.6.4.3. Standby Load
- 10. Middle East and Africa Diesel Generator Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 10.1. Key Findings
- 10.2. Market Analysis, Insights, and Forecast – By Portability
- 10.2.1. Stationary
- 10.2.2. Portable
- 10.3. Market Analysis, Insights, and Forecast – By Power Rating
- 10.3.1. Below 75 kVA
- 10.3.2. 75 – 375 kVA
- 10.3.3. 375 – 750 kVA
- 10.3.4. Above 750 kVA
- 10.4. Market Analysis, Insights, and Forecast – By Application
- 10.4.1. Continuous Load
- 10.4.2. Peak Load
- 10.4.3. Standby Load
- 10.5. Market Analysis, Insights, and Forecast – By End-User
- 10.5.1. Mining
- 10.5.2. Oil & Gas
- 10.5.3. Construction
- 10.5.4. Residential
- 10.5.5. Marine
- 10.5.6. Manufacturing
- 10.5.7. Pharmaceutical
- 10.5.8. Commercial
- 10.5.9. Telecom
- 10.5.10. Electric Utility
- 10.5.11. Data Centers
- 10.5.12. Others
- 10.6. Market Analysis, Insights, and Forecast – By Country
- 10.6.1. GCC Market Analysis, Insights, and Forecast – By Application
- 10.6.1.1. Continuous Load
- 10.6.1.2. Peak Load
- 10.6.1.3. Standby Load
- 10.6.2. South Africa Market Analysis, Insights, and Forecast – By Application
- 10.6.2.1. Continuous Load
- 10.6.2.2. Peak Load
- 10.6.2.3. Standby Load
- 10.6.3. Egypt Market Analysis, Insights, and Forecast – By Application
- 10.6.3.1. Continuous Load
- 10.6.3.2. Peak Load
- 10.6.3.3. Standby Load
- 10.6.4. Rest of MEA Market Analysis, Insights, and Forecast – By Application
- 10.6.4.1. Continuous Load
- 10.6.4.2. Peak Load
- 10.6.4.3. Standby Load
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2023
- 11.2. Company Profile
- 11.2.1. Caterpillar Inc.
- 11.2.1.1. Business Overview
- 11.2.1.2. Product and Service Offerings
- 11.2.1.3. Recent Developments
- 11.2.1.4. Financials (Based on Availability)
- 11.2.2. Aggreko
- 11.2.2.1. Business Overview
- 11.2.2.2. Product and Service Offerings
- 11.2.2.3. Recent Developments
- 11.2.2.4. Financials (Based on Availability)
- 11.2.3. Cummins Inc.
- 11.2.3.1. Business Overview
- 11.2.3.2. Product and Service Offerings
- 11.2.3.3. Recent Developments
- 11.2.3.4. Financials (Based on Availability)
- 11.2.4. Himoinsa
- 11.2.4.1. Business Overview
- 11.2.4.2. Product and Service Offerings
- 11.2.4.3. Recent Developments
- 11.2.4.4. Financials (Based on Availability)
- 11.2.5. John Deere
- 11.2.5.1. Business Overview
- 11.2.5.2. Product and Service Offerings
- 11.2.5.3. Recent Developments
- 11.2.5.4. Financials (Based on Availability)
- 11.2.6. Kohler SDMO
- 11.2.6.1. Business Overview
- 11.2.6.2. Product and Service Offerings
- 11.2.6.3. Recent Developments
- 11.2.6.4. Financials (Based on Availability)
- 11.2.7. PRAMAC
- 11.2.7.1. Business Overview
- 11.2.7.2. Product and Service Offerings
- 11.2.7.3. Recent Developments
- 11.2.7.4. Financials (Based on Availability)
- 11.2.8. Kirloskar Electric Co. Ltd.
- 11.2.8.1. Business Overview
- 11.2.8.2. Product and Service Offerings
- 11.2.8.3. Recent Developments
- 11.2.8.4. Financials (Based on Availability)
- 11.2.9. Generac Power Systems
- 11.2.9.1. Business Overview
- 11.2.9.2. Product and Service Offerings
- 11.2.9.3. Recent Developments
- 11.2.9.4. Financials (Based on Availability)
- 11.2.10. FG Wilson
- 11.2.10.1. Business Overview
- 11.2.10.2. Product and Service Offerings
- 11.2.10.3. Recent Developments
- 11.2.10.4. Financials (Based on Availability)
- 11.2.11. Atlas Copco
- 11.2.11.1. Business Overview
- 11.2.11.2. Product and Service Offerings
- 11.2.11.3. Recent Developments
- 11.2.11.4. Financials (Based on Availability)
- 11.2.12. American Honda Motor Company, Inc.
- 11.2.12.1. Business Overview
- 11.2.12.2. Product and Service Offerings
- 11.2.12.3. Recent Developments
- 11.2.12.4. Financials (Based on Availability)
- 11.2.13. Briggs & Stratton
- 11.2.13.1. Business Overview
- 11.2.13.2. Product and Service Offerings
- 11.2.13.3. Recent Developments
- 11.2.13.4. Financials (Based on Availability)
- 11.2.14. Ingersoll Rand
- 11.2.14.1. Business Overview
- 11.2.14.2. Product and Service Offerings
- 11.2.14.3. Recent Developments
- 11.2.14.4. Financials (Based on Availability)
- 11.2.15. Yamaha Motor Co. Ltd.
- 11.2.15.1. Business Overview
- 11.2.15.2. Product and Service Offerings
- 11.2.15.3. Recent Developments
- 11.2.15.4. Financials (Based on Availability)
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