Diesel Generator Market Growth, Industry Outlook and Opportunities 2022 – 2029 | DataM Intelligence

DataM Intelligence
The Global Diesel Generator Market is estimated to reach a high CAGR of 6.50% during the forecast period (2022-2029).

Market Overview

A diesel generator is a combination of a diesel motor with an electric-powered generator (often an alternator) to supply electric power. A diesel compression-ignition engine is usually designed to run on diesel fuel, however, a few sorts are tailored for different liquid fuels or herbal gas. It is utilized for generating power to provide a persistent power supply during energy interruptions. It is normally utilized as a reserve machine during power outages or at spots and does not use a connection to an electricity community. The increasing utilization of the diesel generators that can offer a hand extra in-home packages, wherein it will supply energy for sump pumps, lighting, particular required applications like weather control systems (ACS), refrigerators, and the clinical system is foreseen to make plentiful open doors in not so distant future.

The upward push in demand for diesel generators in stop-use sectors and occurrences of strength grid failure and strength deficiency are the key drivers for the marketplace increase globally. The electricity call for has risen exponentially, as a result of rapid industrialization and growing per capita electric strength consumption.

The Threat of substitution from battery garage systems is the most important restraint that hinders the boom of the market.

The Residential Diesel Generator marketplace is worth $YY Billion in 2018 and is expected to grow at a CAGR of XX% over the forecast duration to attain US$ XX Billion by using 2026

The Standby Power Diesel Generator market phase held 66.17% of the global diesel generator marketplace in 2018 and is expected to grow by using XX% by using 2026.

Europe, particularly Western Europe, is a mature marketplace for desk-bound diesel turbines. China held 56.83% of the Asia-Pacific diesel generator marketplace in 2018 and is predicted to boom by means of XX% with the aid of 2026, followed by means of India at 14.53%.

 

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Market Dynamics

The upward thrust in call for diesel turbines in end-use sectors and occurrences of electricity grid failure and strength deficiency are the important thing drivers for the market boom globally. The growth potentialities of the diesel generator market are for this reason especially prompted by means of the rise in the product called for in related sectors, ensuring new opportunities for commercial enterprise expansion and marketplace increase to widespread market gamers. For example, an information centre, a part of the telecommunications enterprise, calls for power to run IT infrastructural gadgets including network and communication equipment, computers, servers, EAPBX, lighting fixtures, air conditioners, security systems, CCTV surveillance, fireplace alarms, UPS, and different vital devices. A critical requirement of records centre homes is the energy supply. Thus in case of strength outages, the standby diesel mills are an affordable as well as viable uninterrupted strength backup alternative for the clean functioning of the systems.

The developing rate of urbanization and shift in purchaser spending styles closer to incorporated patron electronic goods have resulted in frequent strength grid failure and absence in the supply of energy for important and emergency packages in hospitals, communique services, and emergency name centres. As such, it’s miles critical to offer options for energy backup and uninterrupted supply so that number one operations do no longer face demanding situations. The diesel turbines are consequently adopted on an intensive scale, thanks to the long service lifestyles of the mills in comparison to other options and occasional operational noise.

The risk of substitution from battery garage structures is the predominant restraint that hinders the boom of the market. The huge-scale adoption of battery garage structures, especially in faraway areas which do now not have to get the right of entry to electricity grids, acts as a barrier to the installation of diesel engines. The operation of diesel mills at low load and fractional potential reasons giant damage to the device, shortening the intervals between renovation work and growing costs as a result. As such, the arrival of low-priced alternatives and sluggish up-gradation of substitutes severely bog down the growth possibilities of the market. The battery systems, mixed with sun or wind power, provide independence from rising diesel costs, take care of call for all through top hours without diesel fuel intake, reduce power wastage thru overall performance optimization, whilst also storing extra power for later use.

 

Market Segmentation

By Portability

l Portable

l Stationary

 

By End-User

l Residential

l Commercial

l Industrial

 

By Power Rating

l 0-100 kVA

l 101-350 kVA

l 350-1000 kVA

l Above 1000 kVA

 

By Operations

l Standby Power

l Peak Savings

l Continuous Power

 

By Region

l North America

l South America

l Europe

l Asia Pacific

l Middle East and Africa

 

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Competitive Landscape

Some of the major players are Caterpillar Inc, Cummins Inc, Kohler Co, Mitsubishi Heavy Industries, Ltd, Kirloskar Oil Engines Limited (KOEL) (Kirloskar Group), Wärtsilä Finland Oy, AKSA Power Generation, Yanmar Co., Ltd, Generac Holdings Inc., Mahindra Powerol Ltd.

The global diesel generator market is highly competitive, with the presence of key market players boasting of an extended global distribution network on a large scale. As such, companies need to launch new products in an attempt to capture substantial market share, strengthening global business position in the process.

On February 08, 2019, Kirloskar Oil Engine Ltd introduced its latest product range of technologically advanced intelligent DG (diesel generators) in Delhi. The range is called the i-Green series.

In November 2018 Cummins Inc. introduced the new QSG12 50Hz diesel generator series which offers optimum performance, reliability, and versatility for stationary standby and prime power applications.

 

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