Diesel Genset Market: Current Analysis and Forecast (2021-2027)

Diesel Genset Market: Current Analysis and Forecast (2021-2027)

  • UnivDatos Market Insight
  • August 2021
  • Power
  • 162 pages

Report Description

After going through tough phase in the mid years of last decade, diesel genset market recovered with full pace. Increasing infrastructure projects like defense, railway, subway (metro), and roads and growing industrial capex boosted the demand for diesel genset across the globe. These gensets are the crucial part of every industry but in areas where grid transmission is not unavailable, they become backbone of overall operations. For instance, in oil & gas field, all the machineries, rigs, and employees bunker run with the help of genset. Further, in telecom tower, genset are a key component in overall operation as during the power cut, they provide continuous support to the telecom towers. Moreover, players operating in the market are investing heavily in research & development activities in order to produce new innovative products like digitally enabled genset. This is further making the market competitive, thus propelling in the market growth.

Based on power requirement, the market is bifurcated into prime and backup. Of both, backup category dominated the market and is expected to retain its position during the forecast period as well owing to low power deficit situations and improving grid-based power transmission across the globe.

On the basis of power rating, the market is categorized into 5kVA-75kVA, above 75kVA-350kVA, above 350kVA-750 kVA, and above 750 kVA. Among these, xx category dominated the market with a revenue share of xx% in 2020. Further, the category is expected to reach $xx billon by the end of forecast period, demonstrating a CAGR of xx%.

Based on mobility, the market is bifurcated into stationary and portable. Among both, stationary category captured the larger market share in 2020 and is expected to growth a rate of xx% during the forecast period to reach $xx billion by 2027.

Based on end-user, the market is divided into commercial, industrial, and residential. Commercial category dominated the market owing to increasing demand for corporate offices, shopping complex, data centers in developing and emerging economies. Further, well developed data center sector in western economies aiding in the growth of commercial sector.

For better understanding of the market, the report provides detail analysis for major region and country including North America (US, Canada, rest of North America); Europe (Germany, UK, France, Spain, rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) and Rest of World. Currently Asia-Pacific dominated the market and is expected to maintain its dominance throughout the forecast period.

Some of the major companies operating in the global diesel genset market includes Caterpillar Inc., Cummins Inc., AB Volvo, Atlas Copco AB, Kohler Co., Kirloskar Oil Engines Limited, Siemens AG, Generac Holding Inc., General Electric Company, and Denyo Co. Ltd.

Diesel Genset is an on-demand power generation machine use in vast range of establishments covering all areas of residential, commercial, and industrial settings. These gensets can be use either as a prime power and backup power depending on the areas where these gensets are install. Increasing industrialization along with rising industrial capital expenditure, growing number of commercial spaces including corporates, shopping malls, retail establishment, educational sector, and telecom towers among others are some of the key attributable factors for its high growth. Moreover, uncertain power outage can result to operational loss in the industries due to which consumers are using these machines to decrease dependency on grids. In addition, increasing role of data centers in today’s life is booming the demand of diesel gensets as these data centers requires same amount of energy as it is consumed by a small town. Changing global electricity demand is also driving the diesel genset market.

Covid-19 has impacted almost every industry except for some essential sectors. Lockdown implemented by the several nations across the globe, resulted in factory shutdown which has minimize the power requirement thus effected the diesel genset demand. Moreover, many countries are solely relying on import of genset and its associated components while others import large power rating genset but to curtail the spread of disease, economies across the globe implement border closure which has impacted the demand of diesel genset in 2020. However, in rebound to 2020 effect, companies are planning to invest large capital on operation which is likely to boost the demand of diesel gensets. 

Insights Presented in the Report

“Amongst Power Requirement, Backup Power category dominated the market in 2020.”

Based on power requirement, the market is bifurcated into prime and backup. Of both, backup power category dominated the market and is expected to hold its position during the forecast period as well. Large number of end-users use diesel gensets when there is a grid power outage which resulted in the demand of backup power requirement. 

“Amongst Power Rating, XX category dominated the market in 2020.”

Based on power rating, the market is divided into 5kVA-75kVA, above 75kVA-375kVA, above 375kVA-750kVA, and above 750kVA. Among all, xx category dominated the market and is expected to showcase significant growth during the forecast period. However, xx category is likely to showcase robust growth during the forecast period owing to increasing utilization in industrial and commercial sectors. 

“Amongst Mobility, Stationary category dominates the market in 2020.”

Based on size, the market is bifurcated into stationary and portable. In 2020, stationary diesel genset held significant shares in 2020. Further, the category is expected to growth at the faster rate compared to its peer owing to increasing usage of stationary power gensets in industries and commercial spaces. Further, increasing industrialization in countries like China, India, and ASEAN countries leading to the demand for stationary gensets as they are available in all ranges therefore found application in all the areas of industry and commercial settings. However, portable gensets are expected to showcase considerable growth from residential sector.

“Amongst End-User, commercial category dominated the market in 2020.”

Based on end user, the market is trifurcated into commercial, industrial, and residential. Among all, commercial sector accounted for the largest revenue share in 2020 and is likely to contribute xx% by 2030 in global diesel genset market. Large base of application areas of diesel genset in commercial spaces like shopping mall and complex, hyper, and super-market, offices, and telecom towers among others is one of the key factors behind the largest market.

“Asia-Pacific represents as the largest markets in the Global Diesel Gensets Market.”

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Asia-Pacific dominated the market with a significant share of the pie. Rising number of factories across various industries is the major factor driving the market for the global diesel genset market in the Asia-Pacific region. Some of the major companies profiled in the report includes Caterpillar Inc., Cummins Inc., Siemens AG, AB Volvo, Kirloskar Oil Engine Limited, Denyo Co. Ltd., Generac Holdings Inc., General Electric Company, Kohler Co., and Atlas Copco AB.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country level analysis of the industry

Customization Options:

The Global Diesel Gensets Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Companies Covered

  • Caterpillar Inc.
  • Cummins Inc.
  • Siemens AG
  • AB Volvo
  • Kirloskar Oil Engine Limited
  • Denyo Co. Ltd.
  • Generac Holdings Inc.
  • General Electric Company
  • Kohler Co., and Atlas Copco AB

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 Table of Content

1. MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4.Currency Used in Report

2. RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Diesel Genset Market
2.1.1.Main Objective of the Global Diesel Genset Market

3. MARKET SYNOPSIS

4. EXECUTIVE SUMMARY

5. GLOBAL DIESEL GENSET MARKET AMID COVID-19

6. GLOBAL DIESEL GENSET MARKET REVENUE (USD BN), 2019-2027F

7. MARKET INSIGHTS BY POWER REQUIREMENT

7.1.Prime
7.2. Backup

8. MARKET INSIGHTS BY POWER RATING
8.1. 5kVA-75kVA
8.2. Above 75kVA-375kVA
8.3. Above 375kVA-750kVA
8.4. Above 750 kVA

9. MARKET INSIGHTS BY MOBILITY
9.1. Stationary
9.2. Portable

10. MARKET INSIGHTS BY END-USER
10.1.Commercial
10.2.Industrial
10.3.Residential
11.MARKET INSIGHTS BY REGION 
11.1.North America Diesel Genset Market 
11.1.1. United States
11.1.2. Canada
11.1.3.Rest of North America
11.2. Europe Diesel Genset Market 
11.2.1. Germany
11.2.2. United Kingdom
11.2.3.France
11.2.4. Spain
11.2.5.Rest of Europe
11.3.   Asia-Pacific Diesel Genset Market
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. Rest of Asia-Pacific
11.4. Rest of World Diesel Genset Market

12. DIESEL GENSET MARKET DYNAMICS
12.1. Market Drivers
12.2.Market Challenges
12.3. Impact Analysis

13. DIESEL GENSET MARKET OPPORTUNITIES

14. DIESEL GENSET MARKET TRENDS

15. LEGAL & REGULATORY FRAMEWORK

16. DEMAND AND SUPPLY SIDE ANALYSIS

16.1. Demand Side Analysis
16.2. Supply Side Analysis
16.2.1.Top Product Launches
16.2.2. Top Business Partnerships
16.2.3.Top Business Expansions, Investments and Divestitures
16.2.4. Top Merger and Acquisitions

17. VALUE CHAIN ANALYSIS

18. COMPETITIVE SCENARIO

18.1. Porter’s Five Forces Analysis
18.1.1. Bargaining power of Supplier
18.1.2. Bargaining power of Buyer
18.1.3. Industry Rivalry
18.1.4. Availability of Substitute
18.1.5.Threat of new Entrants
18.2. Competitive Landscape
18.2.1.Company Shares, By Revenue

19. COMPANY PROFILED
19.1. Caterpillar Inc.
19.2. Cummins Inc.
19.3.Kohler Co.
19.4.Generac Holdings Inc.
19.5.General Electric Company
19.6. Kirloskar Oil Engines Limited
19.7. AB Volvo
19.8. Atlas Copco AB
19.9.Denyo Co. Ltd.
19.10.Siemens AG

20. DISCLAIMER

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