The Pivotal Study of Diesel Generator Sets Global Market - Market Synopsis, Industry Key Players, Market Tracking, Regional Forecast till 2026
The newly Diesel Generator Sets market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
A diesel generator (also known as diesel genset) is the combination of a diesel engine with an electric generator (often an alternator) to generate electrical energy. This is a specific case of engine-generator. A diesel compression-ignition engine is usually designed to run on diesel fuel, but some types are adapted for other liquid fuels or natural gas.
On the basis of products, the various types include Low Power, Medium Power, High Power, and Other. Gensets with an output power of 0-350 kVA is considered a low-power generator set. Low-power diesel generator sets use internal combustion engines for distributed generation. As a source of emergency, these generator sets are typically used in a variety of applications, however, they face increasing competition from natural gas generators in certain markets. They are primarily used in residential and commercial applications.
On the basis of application, the Diesel Generator Sets market is segmented into Residential, Commercial, Industrial, and Other. It is expected that the high-power generator set will achieve the fastest growth during the forecast period. They are mostly used in the manufacturing sector. These generators can also be used in certain remote areas where continuous power is required, such as shipping, as direct grids are not possible in most cases. Generally, high power gensets have the capability of providing 1,000 kVA and above. Diesel-fueled high power gensets are cheaper than natural gas-fueled gensets, in terms of operating costs.
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Market Insights
According to a new research study, the Diesel Generator Sets market size is expected to reach USD 26,462 million by 2026 from USD 17,368 million in 2019, with a compound annual growth rate of 6.2% during the forecast period.
The market for diesel generator sets is growing rapidly due to huge investments in communications, power, and infrastructure. Other factors including the rising electricity consumption worldwide, along with economic trends such as global Gross Domestic Product (GDP) growth recovery and landmark tax reforms, are also likely to drive the global diesel generator set market growth during the next few years. At the same time, the upgrade of equipment has also made a great contribution to the development of diesel generator sets.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Europe is the largest market of Diesel generator sets, which occupies an average of 25.28 percent of global diesel generator sets procedures. It is followed by North America and Asia-Pacific, which respectively have around 34.15% and 21.76% of the global total industry. Other main regions which take an important part in this industry include the Middle East and South America.
According to the research, the most potential market in the main countries of the Diesel generator sets industry is China, determined by its rapid growth of a number of procedures. Besides, Southeast Asia, Middle East, and India should also be focused by the investors. They are the potential consumers of diesel generator sets. India is also a rapidly developing economy.
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Competitive Players
The diesel generator market is essentially a merger. Various players are taking competitive strategies, such as cooperating, acquiring and exploiting untapped opportunities in emerging economies in India and China to sustain and gain global market penetration. The leading vendors in the market are Mitsubishi Heavy Industries, Ltd., Atlas Copco AB, Wacker Neuson SE, Burtonwood Generator & Switchgear Services Ltd., and APR Energy PLC. Other prominent vendors in the market are Wartsila Corporation, and others.
Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
Target Audience for this Report
l Diesel Generator Sets manufacturers
l Diesel Generator Sets importers and exporters
l Diesel Generator Sets traders, distributors, and suppliers
l Diesel Generator Sets industry associations
l Product managers, Diesel Generator Sets industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Government agencies and NGOs
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Diesel Generator Sets Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Diesel Generator Sets Market by Types
4 Segmentation of Diesel Generator Sets Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Diesel Generator Sets Market in Major Countries
7 North America Diesel Generator Sets Landscape Analysis
8 Europe Diesel Generator Sets Landscape Analysis
9 Asia Pacific Diesel Generator Sets Landscape Analysis
10 Latin America, Middle East & Africa Diesel Generator Sets Landscape Analysis
11 Major Players Profile
11.1 Mitsubishi Heavy Industries, Ltd.
11.1.1 Mitsubishi Heavy Industries, Ltd. Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Atlas Copco AB
11.3 Wacker Neuson SE
11.4 Burtonwood Generator & Switchgear Services Ltd.
11.5 APR Energy PLC
11.6 Wartsila Corporation
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