Diesel Generator Global Market Top Key Players:-
Caterpillar Inc. (U.S.), Cummins Inc.(U.S.), Kohler Co.(U.S), Mitsubishi Heavy Industries, Ltd. (Japan), Kirloskar Group (India), Briggs & Stratton (U.S), Wärtsilä (Finland), AKSA Power Generation (Turkey) and Yanmar Co., Ltd. (Japan). are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Diesel generator Market.
Industry News:-
In July, 2017 – HIMOINSA inaugurated a new factory for Argentina and southern cone, situated in Santa Fe and occupying some 12,000 square metres, the brand new centre has the capacity to produce 3,000 diesel generator of between 8kVA and 1745kVA each year.
In October, 2017 – Cummins, Inc. proclaimed the new C125N6 and C150N6 models in the QSL8.9G Series. The Cummins commercial generator set is a completely integrated power generation system providing optimum performance, reliability, and versatility for stationary standby power applications.
Diesel Generator Market Demand:-
The Diesel Generator Market is growing at the rapid pace; mainly due to increasing demand for electrical energy. According to a recent study report published by the Market Research Future, Globally, the market for Diesel Generator has increased its market growth in recent years and is expected to gain prominence over the forecast period. The market is forecasted to witness a thriving growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR of 5% during the anticipated period.
The diesel generator market is segmented based on end-user into residential, commercial, and industrial segments. The industrial end-user segment is expected to grow at the highest rate. The key driving factor will be favourable government policies for the growth of industries in various countries such as India, China, Brazil and Mexico.
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Diesel Generator Global Market – Segmentation
The scope of global diesel generator market is segmented into four major segments which are explained below:
Diesel Generator Market By Portability Type
- Stationary Generators
- Portable Generators
Diesel Generator Market By Operation Type
- Standby Power
- Peak Savings
- Continuous Power
Diesel Generator Market By Power Ratings
- 0-100 kVA
- 350 kVA
- 350-1000 kVA
- Above 1000 kVA
Diesel Generator Market By End-User
- Industrial
- Commercial
- Residential
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Diesel Generator Global Market – Regional Analysis
The diesel generators market is driven by the need of reliable alternate power supply at low operating and fuel costs. Frequent outages cause many emergency, industrial and commercial establishments to depend on reliable backup systems that is provided by Diesel Generators. The Asia-Pacific region is the leading market for diesel generators market and it is closely followed by Middle East and Africa market. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable power, is driving the market for diesel generators. The North America and Europe market is expected to witness decline due to the restraints in emission from diesel engines.
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