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Wednesday, June 22, 2022

Global Diesel Generator Market to be Driven by Increasing Deployment for Diesel Generators in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Diesel Generator Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global diesel generator market, assessing the market based on its segments like power rating, mobility, cooling system, application, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 19.16 billion
• Forecast CAGR (2022-2027): 8.10%
• Forecast Market Size (2027): USD 30.58 billion

The oil and gas industry's rapid growth is increasing the use of diesel generators, which is driving market growth. Because digging and drilling are two of the most important processes in oil extraction, there is a growing demand for diesel generators to provide dependable and uninterrupted power. Furthermore, the widespread use of diesel generators in gas stations to ensure continuous operation during extreme weather and natural disasters is also driving the market growth. The low operating costs of diesel generators are increasing their use in commercial and industrial applications. The growing power industry supply-demand gap is causing a surge in diesel generators, particularly in developing countries, which is fueling market growth. Furthermore, the growing use of electronic devices in the construction industry increases demand for diesel generators for optimal power supply, driving market growth.

Market Segmentation

A diesel generator is a piece of equipment that uses diesel to convert chemical energy into electrical energy for use in a variety of applications. It is commonly used in the residential, commercial, and industrial sectors in the event of a power outage. Diesel generators are widely used in a wide range of industries, including telecommunications, construction, and oil and gas.

On the basis of power rating, the market can be segmented into:

• Low Power Generator (0-75 kVA)
• Medium Power Generator (75-375 kVA)
• High Power Generator (375 kVA and Above)
• Others

On the basis of its mobility, the market can be segmented into:

• Portable
• Stationary

On the basis of its cooling system, the market can be segmented into:

• Air Cooled
• Liquid Cooled

On the basis of its application, the market can be segmented into:

• Standby Backup Power
• Peak Shaving

On the basis of its end-use, the market can be segmented into:

• Industrial
• Commercial
• Residential

The regional markets include:

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa

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Market Trends

Diesel generators are weather-resistant and their durable properties make them ideal for demanding industrial applications. With frequent power outages, the effective power backup provided by diesel generators is increasing their demand in residential applications. Furthermore, increased research and development (R&D) activities to increase generator power output are providing additional impetus to the growth of the diesel generator market. Diesel engines can be controlled by computerized engine management systems, demand for diesel generators is increasing. The adoption of novel solutions to reduce carbon emissions and exhaust from diesel generators is expected to drive market growth. Furthermore, increasing research activities to develop a machine that can trap particulate matter from diesel generator exhaust to reduce greenhouse gas emissions are expected to propel market growth. Furthermore, increasing efforts to improve the fuel efficiency of diesel generators are expected to drive market growth.

Key Market Players

The major players in the market are Atlas Copoco AB, Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Aggreko Ltd., AKSA Power Generation,and Others.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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