Markntel Advisors’ report, Diesel Generator Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Diesel Generator presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Diesel Generator Market Research Report & Market Summary:
The Global Diesel Generator Market was valued at 18.5 billion in 2022 and is projected to grow at a CAGR of around 10.25% during the forecast period, i.e., 2023-28. The market is driven mainly by the wide recognition of Diesel generators as robust and reliable, ensuring a stable and continuous power supply for critical applications. This makes them highly suitable for sectors such as hospitals, data centers, and industrial facilities where power interruptions can have severe consequences. Similarly, DGs offer a high power output range, catering to both small-scale and large-scale power requirements, enabling them to be utilized across various applications, from individual homes to entire industries.
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Diesel Generator Market Dynamics:
Key Driver-
Mounting Energy Requirements Paired with Frequent Power Outages Worldwide – As Energy consumption continues to elevate with growing urbanization, exploding population, and evolving industries, power outages have become quite prominent, raising concerns worldwide, especially in developing countries. According to the IEA’s Electricity Market Report 2023, the growth in world electricity demand is anticipated to accelerate to an average of 3% over the next three years.
Further, the constantly changing weather conditions resulting in droughts and heat waves have necessitated air conditioning, thereby triggering massive power outages. For example, India last year witnessed the highest-ever peak in power demand due to severe heat waves. Along similar lines, central and eastern regions of China experienced heatwaves and drought, resulting in higher demand for air conditioning amid reduced hydropower generation in Sichuan province. Given the increasing electricity consumption and constant power outage, the need for flexible and reliable power systems has augmented, subsequently hinting at the broader adoption of power generators like diesel generators and, in turn, contributing to the market growth.
Diesel Generator Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Application
- Peak Shaving
- Standby Power
- Base Load/Continuous Power
By End User
- Government & Utilities
- Oil, Gas & Mining
- Construction
- Manufacturing
- Telecommunications
- Others
The Industrial sector leads the global diesel generator market, which is expected to have the largest market share. Ongoing construction activities worldwide, driven by government infrastructure developments, contribute to the demand for DGs to deliver continuous and reliable power supply at construction sites. Besides, the expansion of the oil and gas sector in the Gulf and Latin American countries, a significant consumer of DGs, further fuels market growth.
By Power Rating
- Upto 30 KW
- 30-60 KW
- 60-150 KW
- 150-300KW
- 300-500KW
- 500-1000KW
- Above 1000 KW
By Region
- North America
- South America
- Europe
- Middle East
- Africa
- Asia-Pacific.
The Asia-Pacific (APAC) region, with a prominent focus on China, India, and Southeast Asia, is projected to be a key driver of growth in the global diesel generator market. More than 70% of the anticipated increase in global electricity demand over the next three years is expected to originate from these countries. China, in particular, is forecasted to account for a record one-third of global electricity consumption by 2025.
As indicated in the latest market research report published by Markntel Advisors, “Diesel Generator Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Diesel Generator industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/global-diesel-generator-market.html
Top Companies Operating in the Diesel Generator Market:
- Caterpiller Inc.
- APR Energy
- Atlas Copco AB
- Kirloskar Electric
- Cummins Inc.
- Kohler Co.
- Agreeko PLC.
- Generac Power Holdings, Inc.
- Burtonwood Generator & Switchgear services Ltd.
- Mitsubishi Heavy Industries.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Diesel Generator Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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