Diesel generator market is anticipated to grow at a significant CAGR of 14.1% during the forecast period (2024-2031). The market growth is attributed to the increasing investments in producing efficient energy management across various applications with backup power in industries and businesses. The demand for an uninterrupted power supply and frequent power outages in developing economies are accelerating the demand for diesel generators globally is driving the market growth. Among other verticals, the majority of these diesel generators are utilized to supply electricity to residences, factories, schools, hospitals, and construction sites. It serves as either a primary or backup power source in the event of a grid outage.
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Diesel generators are essential to the global electrification of rural areas as they provide dependable connectivity to the electrical grid. Diesel generator-powered microgrids have become a viable option for improving energy accessibility and stimulating socioeconomic growth in isolated regions. Diesel generators offer a consistent supply of electricity in case of emergencies, which enhances the dependability of microgrids. Diesel generators can produce electricity on their own, however other renewable energy sources, like solar panels and wind turbines, may depend on external variables.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Diesel Generator Market by Power Rating
- Up to 50 kW
- 51 – 280 KW
- 281-500 kW
- 501 – 2,000 kw
- Above 2,000 KW
Global Diesel Generator Market by Source
- Standby Power
- Peak Shaving
- Prime & Continuous Power
Global Diesel Generator Market by Application
- Industrial
- Commercial
- Residential
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East & Africa
Company Profiles
- AB Volvo
- Atlas Copco
- Briggs & Stratton, LLC
- CFC Holdings Pty Ltd (JCB CEA)
- DEUTZ AG
- FG Wilson
- Generac Power Systems, Inc.
- GENERAL POWER LIMITED, INC.
- GENESAL ENERGY
- HIMOINSA SL
- Ingersoll Rand Inc.
- Isuzu North America Corp.
- John Deere Group
- Kirloskar Oil Engines Ltd.
- Kohler Co.
- Mahindra & Mahindra Ltd.
- Motorenfabrik Hatz GmbH & Co. KG
- Perkins Engines Company Ltd.
- Rolls-Royce plc
- Teksan Generator Power Industries and Trade Co. Inc.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global diesel generator market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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