Diesel Generator Market Up and Up Anticipating Market Size’s Skyrocketing Course

Sep 20, 2023

The global diesel generator market was valued at $20.8 billion in 2019, and is projected to reach $37.1 billion by 2027, growing at a CAGR of 9.8% from 2020 to 2027. Diesel generator is a system that converts chemical energy into mechanical energy and heat. This mechanical energy or force is further converted into electrical energy. It possess properties such as quick startup time, easy availability of diesel generators across the globe, prolonged durability, fast ramp-up, and enhanced reliability. It can be used as standby, emergency, standalone, and peak shaving unit. However, diesel generators require timely maintenance to function appropriately.

Rapid increase in commercial & residential activities across the globe is a key factor driving the growth of the diesel generator market. In addition, low capital cost of diesel generator, power outages, fuel availability, and unstable power supply from electrical power stations significantly contribute toward the growth of the global market. However, increase in developments in the renewable energy sector, stringent governmental regulations toward greenhouse gases emissions from diesel generators, and high maintenance & operational cost associated with diesel generators hamper the growth of the market, globally. Conversely, technological advancements in diesel generators along with increase in demand for energy from various end-use industries are expected to create potential growth opportunity for key player operating in this market.

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The global diesel generators market 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. As per cooling system, it is classified into air cooled and liquid cooled. The applications covered in the study include standby backup power and peak shaving. By end-use industry, the market is fragmented into residential, commercial, and industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.

In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.

It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.

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KEY BENEFITS FOR STAKEHOLDERS

u The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.u A comprehensive analysis of the factors that drive and restrict the growth of the global diesel generator market is provided.u Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.u Estimations and forecast are based on factors impacting the global diesel generator market growth, in terms of value.u Key market players are profiled to gain an understanding of the strategies adopted by them.u This report provides a detailed analysis of the current global diesel generator market trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.

KEY MARKET PLAYERS– Caterpillar, Inc.– Cummins, Inc.– Rolls Royce PLC– Kohler Co.– Generac Power Systems, Inc.– Southwest Products– Atlas Copco AB– FG Wilson– Denyo Co., Ltd.– Kirloskar Electric Company.Other companies operating in the diesel generator market are Mitsubishi Heavy Industries, Volvo Penta, Wacker Neusan, Wuxi Kipor Power, Yanmar Co. Ltd., Wartsila Corporation, and APR Energy, LLC.

KEY MARKET SEGMENTS

By Type– Small (0-75 KVA)– Medium (75-375 KVA)– Large (Above 375 KVA)

By Mobility– Stationary– Portable

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By Cooling System– Air Cooled– Liquid Cooled

By Application– Standby Backup Power– Peak Shaving

By End-use Industry– Residential– Commercial– Industrial

By Region– North Americao U.S.o Canadao Mexico– Europeo Germanyo Franceo UKo Italyo Rest of Europe– Asia-Pacifico Chinao Japano Indiao Rest of Asia-Pacific– LAMEAo Brazilo Saudi Arabiao South Africao Rest of LAMEA

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