Diesel Generator Market Trends 2024, Leading Companies Share, Size And Forecast Report By 2032


(MENAFN- IMARC Group) IMARC Group's latest report, titled Diesel Generator Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” , the global diesel generator market size reached US$ 17.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032.

Factors Affecting the Growth of the Diesel Generator Industry:

  • Increasing Demand for Reliable Backup Power Solutions:

A primary factor driving the global diesel generator market is the escalating demand for reliable backup power solutions across various sectors, including healthcare, industrial, and telecommunications. This demand is spurred by the need to ensure uninterrupted operations during power outages and maintain continuity in critical services. The market size for diesel generators is expanding as businesses and institutions recognize the necessity of having dependable emergency power systems in place. Market analysis indicates that as grid reliability becomes a growing concern amidst increasing occurrences of extreme weather events and power disruptions, the market share for diesel generators is rising, underpinning robust market growth and a positive market outlook.

  • Growth in Infrastructure and Construction Projects:

The expansion of infrastructure and construction activities worldwide, especially in emerging economies, is another significant driver for the diesel generator market. These projects require consistent and reliable power supply, often in areas where the grid is not fully reliable or accessible. Diesel generators play a crucial role in providing the necessary power for construction sites, remote infrastructure projects, and during the initial phases of urban development. As such, the market trends toward urbanization and industrialization are directly contributing to the growth of the diesel generator market. Market analysis shows that the continuous global increase in construction and infrastructure development activities is maintaining the demand for diesel generators, supporting the market's growth trajectory.

  • Accelerating Energy Security Concerns:

Energy security concerns, particularly in regions prone to supply disruptions or lacking in comprehensive grid infrastructure, are propelling the diesel generator market. Diesel generators are valued for their ability to offer an immediate response to power supply issues, ensuring stability and security for critical operations across various sectors. This is leading to an increased market share for diesel generators in countries seeking to bolster their energy resilience. Market trends indicate a growing recognition of diesel generators as an essential component of energy security strategies, especially in areas with volatile energy supplies. Market outlook reports suggest that ongoing concerns about energy security are driving demand for diesel generators, contributing to market growth.

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The key Players Operating in the Industry:

  • Aksa Power Generation
  • Atlas Copco AB
  • Briggs & Stratton Corporation
  • Caterpillar Inc
  • Cummins Inc
  • Generac Holdings Inc
  • Kirloskar Electric Company Limited
  • Kohler Co
  • Mitsubishi Heavy Industries Ltd
  • MTU Onsite Energy (Rolls-Royce plc)
  • Wartsila Corporation
  • Yanmar Co. Ltd

Diesel Generator Market Trends:

Emerging market trends in the diesel generator market include a significant shift towards more fuel-efficient and environmentally friendly models, reflecting a growing global emphasis on sustainability. Innovations such as hybrid diesel generators, which combine traditional diesel power with renewable energy sources, are gaining traction.

Additionally, there's an increasing adoption of advanced control technologies and IoT integration for enhanced operational efficiency and remote monitoring capabilities. The trend towards digitalization facilitates predictive maintenance, reducing downtime and operational costs. These trends are shaping the market, as consumers and businesses alike seek more sustainable, efficient, and technologically advanced diesel generator solutions to meet their power needs.

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Diesel Generator Market Report Segmentation:

Capacity Insights:

  • 0-100 kVA
  • 100-350 kVA
  • 350-1000 kVA
  • Above 1000 kVA

The 0-100 kVA range represents the largest segment by capacity due to its widespread use in small to medium-sized enterprises (SMEs) and residential applications, offering an optimal balance of power and affordability for most common backup needs.

Application Insights:

  • Standby Backup Power
  • Prime Power
  • Peak Shaving Power

Standby backup power constitutes the largest segment by application, as businesses and households increasingly prioritize uninterrupted power supply to safeguard against outages and ensure continuity of operations and daily activities.

Mobility Insights:

  • Stationary
  • Portable

Stationary generators dominate the mobility segment due to their extensive deployment in permanent installations across industries and critical infrastructure, where continuous power is essential.

End User Insights:

  • Residential
  • Commercial
  • Industrial

The industrial sector emerges as the largest end-user segment, driven by the critical need for reliable power in manufacturing processes, mining operations, and construction projects to prevent downtime and loss of productivity.


Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Asia Pacific leads as the largest market by region, fueled by rapid industrialization, infrastructure development, and the escalating demand for energy in emerging economies, coupled with the need to address frequent power stability issues.

Key Highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Porter's Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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