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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The increasing integration of Internet of Things technologies and sophisticated control systems boosts the dependability and efficiency of diesel generators. Additionally, while maintaining compliance with strict emission regulations, diesel generator makers are concentrating on enhancing fuel efficiency and load-taking capacity. Furthermore, generators have sophisticated engine management and innovative remote monitoring features that enable users to remotely monitor critical engine performance metrics and parameters in real-time. Notably, these new hyper-scale facilities require a significant amount of electricity owing to the exponential development in the number of data centers, and diesel generator provides a dependable backup system.
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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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