(MENAFN- The Express Wire) Diesel Generator Market Highlights By Type And End Users, Phenomenal Growth By Top Players Till 2026 | Fortune Business Insights
Posted on Oct 9 2020 5:53 AM
"Diesel Generator Market Size, Share And Global Trend By Portability (Stationary, Portable), By Power Rating (Up to 100kVA, 100kVA – 350kVA, 350kVA – 1000kVA, Above 1000kVA), By Application (Standby Power, Peak Shaving, Prime/Continuous Power), By End-user (Industrial, Commercial, Residential, Utilities), And Geography Forecast Till 2026
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The ' Diesel Generator Market size is predicted to reach USD 19.02 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The rising demand for energy has led to a surge in production and exploration activities for diesel during the forecast period. For instance, in 2020, The Ministry of Petroleum & Natural gas approved major reforms in exploration and licensing policy to enhance exploration activities, attract domestic and foreign investment in unexplored/unallocated areas of sedimentary basins and accelerate domestic production of oil and gas from existing fields. Besides, the policy reforms can accelerate the exploration activities in various constituencies, which in turn will boost the diesel generator market revenue in the forthcoming years.
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Some of the Major Companies in the Diesel Generator Market Include:
- Aggreko (United Kingdom)
- Caterpillar Inc. (United States)
- Cummins Inc. (United States)
- Himoinsa (Spain)
- John Deere (United States)
- Kohler-SDMO (France)
- Wartsila (Finland)
- Kirloskar Electric Co. Ltd (India)
- Generac Power Systems (United States)
- FG Wilson (United Kingdom)
- Atlas Copco (Sweden)
According to the report, published by Fortune Business Insights, titled ' Diesel Generator Market Size, Share and Industry Analysis, by Power Rating (Below 75kVA, 75-375-kVA, 375-750kVA, and Above 750kVA), By Portability (Stationary and Portable), By Application (Continuous Load, Peak Load, and Standby Load), By End-User (Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, and Others) and Regional Forecast, 2020-2026 the market size stood at USD 12.22 billion in 2018. The report is fixed at delivering a comprehensive description of the diesel generator market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER's analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing diesel generator market expansion, growth patterns, restricting factors, and market strategies.
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Segmentation
1. By Power Rating
- Below 75kVA
- 75-375kVA
- 375-750kVA
- Above 750kVA
2. By Portability
3. By Application
- Continuous Load
- Standby Load
- Peak Load
4. By End-User
- Mining
- Oil & Gas
- Construction
- Residential
- Marine
- Manufacturing
- Pharmaceuticals
- Commercial
- Others
5. By Region
- North America (U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, Indonesia, Malaysia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, UAE, Saudi Arabia, Qatar, Kuwait and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico, Colombia, Chile, Peru, Argentina and Rest of Latin America)
Attainment of IBC Seismic Certification by Cummins to Spur Market Opportunities
Cummins, an American leader, and manufacturer of power generation products, obtained an International Building Code (IBC) seismic certification and became the first power generator manufacturer to achieve the certificate. The IBC certification comprises of minimum requirements for the safety and general welfare for the occupants of new and existing buildings and structures. It will also ensure that all the Cummins generators will remain intact and functional during and after seismic activity. The certification is valid to the Cummins products ranging from 706 kilovolt-amperes (kVA) to 2750 (kVA) within the 50 hertz (Hz) standby application product offering and products between 603 kilowatts (kW) and 2250 kW within its 60 Hz offering. The obtainment of the IBC certificate by Cummins is expected to boost the diesel generator market trends during the forecast period owing to the minimal safety requirement alongside the manufacturing freedom to produce efficient products. Furthermore, Cummins Senior Product Manager for High Horsepower Diesel Generator said in a statement, 'The addition of this certification guarantees our continuous commitment to manufacture the most durable products in the world.
However, the surge in strict policies and laws regarding the adverse effects of GHG emissions will aid the adoption of renewable energy, which in turn will dampen the growth of the market in the forthcoming years.
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Copious Construction Activities to Augment Market Growth in Asia Pacific
Asia Pacific generated a revenue of USD 4.62 billion in 2018 and is likely to grow rapidly during the forecast period owing to the surge in construction activities in the region. Road construction activities and high requirement for diesel generator in AC power trains can be critical factors in accelerating the generator market share in Asia Pacific. Europe is predicted to witness steady growth as compared to other regions owing to the implementation of strict rules and regulations to curb greenhouse emissions.
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Table of Content
5.Global Diesel Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Analysis, Insights and Forecast By Power Rating
5.2.1.Below 75kVA
5.2.2.75-375kVA
5.2.3.375-750kVA
5.2.4.Above 750kVA
5.3.Market Analysis, Insights and Forecast By Portability
5.3.1.Stationary
5.3.2.Portable
5.4.Market Analysis, Insights and Forecast By Application
5.4.1.Continuous Load
5.4.2.Standby Load
5.4.3.Peak 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.Pharmaceuticals
5.5.8.Commercial
5.5.9.Others
5.6.Market Analysis, Insights and Forecast By Region
5.6.1.North America
5.6.2.Latin America
5.6.3.Europe
5.6.4.Asia Pacific
5.6.5.Middle East & Africa
6.North America Diesel Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Analysis, Insights and Forecast By Power Rating
6.2.1.Below 75kVA
6.2.2.75-375kVA
6.2.3.375-750kVA
6.2.4.Above 750kVA
6.3.Market Analysis, Insights and Forecast By Portability
6.3.1.Stationary
6.3.2.Portable
6.4.Market Analysis, Insights and Forecast By Application
6.4.1.Continuous Load
6.4.2.Standby Load
6.4.3.Peak 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.Pharmaceuticals
6.5.8.Commercial
6.5.9.Others
6.6.Market Analysis, Insights and Forecast By Country
6.6.1.U.S.
6.6.2.Canada
7.Latin America Diesel Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Analysis, Insights and Forecast By Power Rating
7.2.1.Below 75kVA
7.2.2.75-375kVA
7.2.3.375-750kVA
7.2.4.Above 750kVA
7.3.Market Analysis, Insights and Forecast By Portability
7.3.1.Stationary
7.3.2.Portable
7.4.Market Analysis, Insights and Forecast By Application
7.4.1.Continuous Load
7.4.2.Standby Load
7.4.3.Peak 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
TOC Continued….!
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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