Diesel Generator Market Size, Share & Trends | Industry Forecast - 2027 (2023)

The global diesel generator market size was valued at $20.8 billion in 2019, and is expected to reach $37.1 billion by 2027, registering a CAGR of 9.8% from 2020 to 2027. Diesel generator is a device that converts chemical energy into electrical energy with the help of devices such as diesel engine and electric generator. Diesel generator can function for several hours to several weeks or till the grid power is recovered. The efficiency of diesel generator is between 30% and 50%, and is the combination of diesel engine and alternator efficiencies. The key advantages of diesel generator include prolonged durability, economic nature than other generators, high efficiency, and quick start-up time. However, the use of diesel generators leads to environmental pollution requires high maintenance & operating cost.

The growth global diesel generator market is driven by rise in demand for continuous & stable power supply and rapid industrialization & urbanization in the developing economies. However, implementation of stringent government regulations toward greenhouse gases emissions from diesel generators and rapid development of the renewable energy sector are the key factors hampering the growth of the market. On the contrary, increase in technological advancements in diesel generator and increase in demand for energy from various end-use industries are anticipated to provide lucrative growth opportunities for the key players to maintain the position in the market in the upcoming years.

Diesel Generator Market Size, Share & Trends | Industry Forecast - 2027 (1)

The global market of diesel generator is segmented into type, mobility, cooling system, application, end-use industry, and region. Depending on type, the market is categorized into small, medium, and high. On the basis of mobility, it is bifurcated into stationary and portable. By cooling system, it is classified into air cooled and liquid cooled. The application covered in the study include standby backup power and peak shaving. As per end-use industry, the market is segregated into residential, commercial, and industrial. Region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global diesel generator industry covers in-depth information of the major industry participants. Some of the major players in the market include Caterpillar, Inc., Cummins, Inc., Rolls Royce plc, Kohler Co., Generac Power Systems, Inc., Southwest Products, Atlas Copco AB, FG Wilson, Denyo Co., Ltd., and Kirloskar Electric Company.

Other players in the value chain of the market include Mitsubishi Heavy Industries, Volvo Penta, Wacker Neusan, Wuxi Kipor Power, Yanmar Co. Ltd., Wartsila Corporation, and APR Energy, LLC.
The key players are adopting numerous strategies such as product launch, agreement, and joint venture to stay competitive in the market of diesel generator.

For instance, Caterpillar, Inc., a construction machinery manufacturing company, launched new 30 KVA mobile diesel generator set in 2019. It is named as Cat XQP30, a 50/60 Hz, which is available in two versions, in which one version meets European Union (EU) Stage IIIA emission standards and another provides low brake-specific fuel consumption (BSFC). This product launch is expected to strengthen the product portfolio of the company.

In addition, Cummins, Inc., a power equipment manufacturer, launched new ignition protected marine generator in 2019. The new generator is named as the MDKBJ Onan marine generator. This generator is designed to supply auxiliary power to a vessel with gasoline propulsion engines. This is anticipated to strengthen the product portfolio of the company.

Diesel Generator Market, by Type

By type, the large diesel generator segment held the largest market share in 2019, owing to increase in demand from large-scale industries such as mining, healthcare, commercial, manufacturing, and data centers.

Diesel Generator Market By Type

Your browser does not support the canvas element.

(Video) Diesel Engine Market | Industry Data Analytics | IDA

Diesel Generator Market, by Mobility

On the basis of mobility, the stationary diesel generator segment dominated the global market in 2019, in terms of share, owing to increase in demand from the industrial sectors such as manufacturing, mining, agriculture, and construction.

Diesel Generator Market By Mobility

Your browser does not support the canvas element.

Stationary is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Diesel Generator Market, by Cooling System

By cooling system, the air cooled diesel generator segment garnered the highest market share in 2019. This is attributed to increase in demand from residential and commercial consumers such as apartments, complexes, malls, and others.

Diesel Generator Market By Cooling System

Your browser does not support the canvas element.

Air Cooled is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

(Video) Global Fencing Market Forecast 2019-2027| Industry Size, Share, Trends 2019-2027

Diesel Generator Market, by Application

On the basis of application, the peak shaving segment exhibited the highest market share in 2019. This is attributed to increase in maximum power demand in densely populated areas and from manufacturing operations (when production rate is high).

Diesel Generator Market By Application

Your browser does not support the canvas element.

Peak Shaving is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

(Video) Gas Turbine Market Overview Analysis and Business Opportunities Outlook 2026

Diesel Generator Market, by End Use Industry

By end-use industry, in 2019, the commercial segment held the largest diesel generator market share, owing to increase in demand from the commercial sites such as shops, complexes, malls, theatres, and other applications.

Diesel Generator Market By Industry

Your browser does not support the canvas element.

Commercial is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Diesel Generator Market, by Region

Asia-Pacific garnered the highest share in the market in 2019, in terms of revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the presence of key players and huge consumer base in the region. In addition, diesel generator is gaining importance in the construction, healthcare, and IT industries, owing to its reliability and superior fuel efficiency, which, in turn, are expected to augment the growth of the market during the forecast period.

Diesel Generator Market By Region

2027

Asia-pacific

(Video) Biodiesel Market By Blend, Feed Stock Type, Companies, Forecast By 2027

North America

Europe

Lamea

Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • The report provides an extensive qualitative and quantitative analysis of the current market trends and future estimations.
  • The global diesel generator market forecast analysis from 2020 to 2027 is included in the report.
  • A comprehensive analysis of the factors that drive and restrict the growth of market is provided.
  • Estimations and forecast are based on factors impacting the growth of the market, in terms of value.
  • Profiles of leading players operating in the market of diesel generator are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable diesel generator market growth.

Diesel Generator Market Report Highlights

Aspects Details
By Type
  • Small Diesel Generator (0–75 KVA)
  • Medium Diesel Generator (75–375 KVA)
  • Large Diesel Generator (Above 375 KVA)
By Mobility
  • Stationary
  • Portable
By Cooling System
  • Air Cooled
  • Liquid Cooled
By Application
  • Standby Backup Power
  • Peak Shaving
  • Others
By End Use Industry
  • Residential
  • Commercial
  • Industrial
By Region
  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, Italy, UK, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)
  • LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Atlas Copco AB, Caterpillar, Inc., Cummins, Inc., Denyo Co., Ltd., FG Wilson, Generac Power Systems, Inc., Kirloskar Electric Company, Kohler Co., Rolls Royce plc, Southwest Products
(Video) Gas Turbine Services Market | Industry Data Analytics | IDA

FAQs

What is the market for generators? ›

The global generator sales market size was USD 24.76 billion in 2020. The market is projected to grow from USD 26.06 billion in 2021 to USD 38.95 billion in 2028 at a CAGR of 5.9% in the 2021-2028 period.
...
ATTRIBUTEDETAILS
Estimated Year2021
Forecast Period2021-2028
Historical Period2017-2019
UnitValue (USD Billion)
8 more rows

What will replace diesel generators? ›

Thankfully, there are now zero-emission alternatives to diesel generators: hydrogen fuel cells. The technology in hydrogen fuel cells works by generating electricity via a reaction between hydrogen supplied and oxygen in the air, with water vapour being the only emission.

What is the biggest diesel generator in the world? ›

World's Largest Medium-speed, Four-stroke Diesel Power Plant Delivered to OEPC
Main engine:Kawasaki-MAN 18V48/60 four-stroke diesel engine equipped with V-type 18-cylinder supercharger
Generated power output:18,000 kW/60Hz
1 more row
1 Aug 2011

What are the 3 major components of a diesel generator? ›

The main components of a diesel generator are: Diesel Engine. AC Alternator. Base frame, usually with a tank.

How big is the generator market? ›

The U.S. generator sales market size was USD 4.68 billion in 2020. The national impact of COVID-19 has been unmatched and staggering, with generator sales witnessing a negative demand across the region amid the pandemic.
...
ATTRIBUTEDETAILS
Forecast Period2021-2028
Historical Period2017-2019
UnitValue (USD Billion)
8 more rows

Are generators in high demand? ›

“According to the latest research study, the demand of global Portable Generator Market size & share was valued at USD 1,729.50 billion in 2021 and it is expected to surpass around USD 2619.41 billion Mark, by 2028, at a compound annual growth rate (CAGR) of about 6.58% during the forecast period 2022 to 2028.”

Can a diesel generator be converted to hydrogen? ›

Put more simply, it will take any engine that runs on diesel, gasoline, propane, or CNG and switch it over to run on 100 percent hydrogen.

What are the two main divisions of the diesel generator? ›

The major components of a diesel generator can be classified as follows: Diesel Engine: The source of mechanical energy input for generators. Its size and output capacity determine how much power a unit can generate. Alternator: Produces electrical energy from the mechanical input supplied by the diesel engine.

Which brand diesel generator is best? ›

1) Caterpillar. As the world's best manufacturer for construction and mining equipment, Caterpillar provides high-quality generator sets. The company sells both diesel-powered (7kW to 16,200kW) and gas-powered generators (9kW-600kW) to many countries globally.

Who is the largest generator manufacturer? ›

Triton. Triton Power is the largest independent commercial and industrial diesel generator supplier in North America, the Caribbean and South America. We supply diesel generators worldwide. We provide mobile, standby and prime diesel generators.

Which company DG is best? ›

Halted Manufacturing Units Affected Market Growth Amid COVID-19 Pandemic
  • QULLIQ Energy Corp. ...
  • PRAMAC. ...
  • Himoinsa. ...
  • PowerLink. ...
  • Kohler Co. ...
  • Mahindra Powerol. ...
  • Atlas Copco. ...
  • Mitsubishi Heavy Industries Engine & Turbocharger Ltd. Mitsubishi Heavy Industries Engine & Turbocharger Ltd.
15 Mar 2022

How many diesel generators are there in the world? ›

Assuming that this proportion also applies to the number of generator units, then the number of diesel generators in use globally can be estimated at 82.6 million units (70% of 118 million).

Is alternator a generator? ›

No. An alternator is a device that converts mechanical energy into AC electrical energy. A generator is a mechanical device which converts mechanical energy to either AC or DC electrical energy. An alternator always induces an alternating current.

How is the market clearing price of electricity determined? ›

The clearing price for electricity in these wholesale markets is determined by an auction in which generation resources offer in a price at which they can supply a specific number of megawatt-hours of power. You can view real-time price information on the Markets & Operations homepage.

Why is there a shortage of generators? ›

Why is There a Generator Shortage? Customers are having problems finding in-stock generators industry-wide due to ongoing production issues coupled with high demand.

Why generator sales are up? ›

Home generator sales are booming with mass outages, climate change and COVID.

Are people buying generators? ›

That's why backup generators are becoming a popular home purchase for many. Generac, a leading generator brand, told Reviewed they saw net sales increase 50% in 2021.

How is the market clearing price of electricity determined? ›

The clearing price for electricity in these wholesale markets is determined by an auction in which generation resources offer in a price at which they can supply a specific number of megawatt-hours of power. You can view real-time price information on the Markets & Operations homepage.

How many diesel generators are there in the world? ›

Assuming that this proportion also applies to the number of generator units, then the number of diesel generators in use globally can be estimated at 82.6 million units (70% of 118 million).

Videos

1. Up and Coming Trends in the Indian Automobile Industry #automotive #future #technology
(Auto Insights by NMG)
2. Global eBike Market – Analysis and Forecast (2021-2027)
(VynZ Research)
3. Black Start Generators Market | Industry Data Analytics | IDA
(Industry Data Analytics)
4. The Electric Ships Market is set to exceed USD 7 billion in 2027.
(Global Market Insights, Inc.)
5. What will be the market opportunities and benefits of the global electric vehicle market by 2027?
(Allied Market Research)
6. Why The 2030 Petrol Ban Is Actually GOOD!
(AutoTrader)
Top Articles
Latest Posts
Article information

Author: Terence Hammes MD

Last Updated: 01/13/2023

Views: 6777

Rating: 4.9 / 5 (69 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Terence Hammes MD

Birthday: 1992-04-11

Address: Suite 408 9446 Mercy Mews, West Roxie, CT 04904

Phone: +50312511349175

Job: Product Consulting Liaison

Hobby: Jogging, Motor sports, Nordic skating, Jigsaw puzzles, Bird watching, Nordic skating, Sculpting

Introduction: My name is Terence Hammes MD, I am a inexpensive, energetic, jolly, faithful, cheerful, proud, rich person who loves writing and wants to share my knowledge and understanding with you.