Diesel Genset - Comprehensive Analysis on Global Market Report by Company, by Dynamics, by Region, by Type, and by Application (2019-2026)
Diesel Genset
Diesel genset also termed as diesel generator is an energy supply unit used to power household and industries during power cuts to prevent discontinuity in their operations.
Market trend Snapshot
Global Diesel Genset market was valued at USD 18,936 million in 2019, and is poised to reach USD 31,807 million by 2026, growing at a CAGR of 7.69%. This report provides comprehensive and in-depth analysis and prediction of the Diesel Genset industry.
The immense growth is benefit from some factors. For example, factor one, two, three, etc. However, everything has two sides, the Diesel Genset market growth is projected to passively affected by factor one, two, etc.
The growth prospects for diesel genset market are bullish on back of rising demand for electricity from various end-user segments as a primary as well as a standby power source. Technological advancement in diesel gensets to make them unique as compared to conventional products is also projected to increase its adoption in the coming years. In addition, growing popularity for portable diesel gensets for residential applications is expected to augment market growth over the projected period.
On the flip side, the growing government policies against the pollution which are generally caused by diesel gensets as well as the progression of emission standards are likely to create a threat for the sector. The development of environmental-friendly power generators, for instance, batteries and solar panels and increasing petroleum cost are also predicted to hold back the development of the global diesel genset market.
Base Year: 2018 | Estimated Year: 2019 | Forecast Period: 2019 to 2026
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Key Market Players Profile
Various market pacemakers covered in the report are Caterpillar Inc., Cummins Inc., Kohler Co, Aksa Power Generation, Himoinsa SL, Generac Holdings Inc., Mitsubishi Heavy Industries Ltd, Action International LLC, Briggs and Stratton Corporation, GE Power. Kohler Co., Siemens AG, Wartsila, and etc. Technological innovations, emission compliances, cost competitiveness, product differentiation, and expanded service & distribution networks are important strategic assets for industry participants to maintain competitiveness in a dynamic industry landscape.
Asia Pacific holds the largest market share
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
Asia-Pacific held the largest share of the market in 2018, accounting for close to 31.05% share. It was followed by Europe and North America, with a share of 30.44% and 29.57% respectively. The Asia Pacific is projected to emerge as the major diesel genset market worldwide due to the growing populace and constant demand-supply gap in power energy. Increasing per capita income of the emerging economies like India and China is boosting the region’s growth. Moreover, rapidly expanding manufacturing sector due to growing consumer demand is also anticipated to drive the regional market growth over the coming years. Japan, South Korea, China, and India are the major manufacturing hubs for the consumer electronics industry and are likely to expand further during the forecast period.
The United States still contributes a major market share in the North America region. The U.S. market will witness robust growth on account of the increasing vulnerability of the aging grid infrastructure along with rising frequency and severity of natural disasters. For instance, in May 2018, a spring storm in the U.S. left over 370,000 residents without power in New Jersey, New York, Pennsylvania, and Connecticut. Similar historic occurrences have substantially amplified the country’s reliance on generator sets as a preparedness measure for future extreme weather conditions.
The Middle East & Africa is anticipated to be one of the fastest growing diesel gensets market within the forecast period. Kuwait, UAE, and Saudi Arabia governments are supporting their non-oil industries due to the declining crude oil prices. Increasing infrastructure development over the past few years coupled with the rapidly developing manufacturing industry in these countries is expected to provide a potential opportunity for the diesel generator market growth.
Diesel Genset Type and Application Sketch
By type
• Emergency Diesel Gen Set
• Non- Emergency Diesel Gen Set
The growing significance of emergency backup power as preparedness measures against frequent grid disruptions, which will propel the adoption of emergency diesel gen sets. Inadequate grid infrastructure and unreliable power supply along with growing demand for reliable power will further boost this product deployment.
By application
• Residential
• Commercial
• Industrial
• Others
Residential diesel gensets market is predicted to expand over 6% by 2025. Moreover, ongoing investments toward the development of commercial centers along with growing urbanization will stimulate the commercial diesel gensets market growth.
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Diesel Genset Report provides
ü Potential opportunities and challenges in Diesel Genset market
ü Current and future market outlook in the developed and emerging markets
ü Detailed analysis of the segment that is expected to dominate the market
ü Regions that are expected to witness the fastest growth during the forecast period
ü Identify the latest developments, market shares, and strategies employed by the major market players
ü Comprehensive & in-depth research and after-sales warranty by GlobalMarketMonitor
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Diesel Genset Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Diesel Genset Market by Types
4 Segmentation of Diesel Genset Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Diesel Genset Market in Major Countries
7 North America Diesel Genset Landscape Analysis
8 Europe Diesel Genset Landscape Analysis
9 Asia Pacific Diesel Genset Landscape Analysis
10 Latin America, Middle East & Africa Diesel Genset Landscape Analysis
11 Major Players Profile
11.1 Caterpillar Inc.
11.1.1 Caterpillar Inc. Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Cummins Inc.
11.3 Kohler Co
11.4 Aksa Power Generation
11.5 Himoinsa SL
11.6 Generac Holdings Inc.
11.7 Mitsubishi Heavy Industries Ltd
11.8 Action International LLC
11.9 Briggs and Stratton Corporation
11.10 GE Power. Kohler Co.
11.11 Siemens AG
11.12 Wartsila
…
Target Audience:
• Diesel Genset manufacturers
• Distributors and resellers of Diesel Genset
• Diesel Genset industry associations
• Product managers, Diesel Genset industry administrator, C-level executives of the industries
• Professional service providers
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
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