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Diesel Genset Market Size By Power Rating (< 50 kVA, 50-125 kVA, 125-200 kVA, 200-330 kVA, 330-750 kVA, > 750 kVA), By End Use (Residential, Commercial, Industrial), By Application (Standby, Peak Shaving, Prime/Continuous), COVID-19 Impact Analysis, Regional Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI3114
  • Published Date: Mar 2021
  • Report Format: PDF

Industry Trends

Global Diesel Genset Market size exceeded USD 25 billion in 2020 and is projected to expand at a CAGR of over 5.1% from 2021 to 2027. The annual installation is expected to reach around 3,000 thousand units by 2027.
 

Diesel Genset Market Overview

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Increasing grid failure owing to extreme weather conditions will positively impact the industry landscape. Additionally, surging installation of backup supply systems and strengthening of consumer inclination & awareness toward affordable & reliable backup power solutions will stimulate the market growth.
 

Rising demand for high power from data centers and off-grid locations

< 50 kVA diesel genset market is estimated to attain 5% growth rate till 2027, credited to extended usage across the residential, small commercial and industrial applications. Growing frequency of electric outage on account of aging grid infrastructure and intensifying natural disasters is set to boost the business scenario. Moreover, increasing demand for standby power from single and multi-family end user section will continue to entail the deployment of these units. Furthermore, escalated energy usage driven by ongoing digitalization and rapid urbanization will increase the usage of these units.
 

The > 750 kVA rating segment is poised to witness substantial gains through 2027. This growth is attributed to the surging demand from the healthcare sector and data centers. Rising demand from data centers because of the increased urgency to supply continuous power for residential usage will favor the infiltration of these units across the business landscape. In addition, elevating costs of data centers outages and downtimes have imparted a driving force for the wide-scale commercialization and product adoption.
 

Ongoing digitalization and rapid urbanization will escalate the electricity demand

Residential diesel genset market is anticipated to showcase a significant growth as a consequence of the unit’s cost effectiveness, high reliability and ability to offer continuous power supply. The application is primarily driven by the prevalent deployment of gensets across residential establishments to cater to the emergency power supply requirement in an event of grid failure or a blackout. These gensets also act as the source of a primary power supply where the grid supply is inaccessible. Increased customer awareness, rising power failures, and amplifying demand load on the main grid are some of the instrumental factors supporting the market expansion.
 

The commercial application is anticipated to register a nearly 7% gains between 2021 and 2027. Robust industrialization and booming construction activities comprising green field and brown field infrastructural projects will augment the diesel generator industry development. Increasing demand for automated technologies and digital products has resulted in the significant development of data centers and communication stations, which in turn will propel the market outlook. Additionally, growing public funding across the commercial sector with extensive ventures across IT businesses and retail is slated to strengthen the market demand.
 

Rising consumer shift toward electricity backup units

UK Diesel Genset Market

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Inadequate electricity generation along with increasing frequency of temporary power disruptions following the weather-related disasters comprising earthquakes, hurricanes and snowstorms will enhance the standby diesel genset market trends. Moreover, ability to automatically start when an outage occurs thereby reducing the huge downtime costs incurred by a data center is set to stimulate the product adoption. Growing per capita income followed by rising standards of living coupled with shifting consumer preference towards adoption of technically advanced units are some prominent factors complementing the global market share.
 

Robust development of commercial establishments across the APAC region

Diesel Genset Market Share

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Infrastructure development and ongoing construction boom is emerging as one of the catalysts of gensets industry growth across Asia Pacific. Increasing investments across construction sector coupled with development of new residential and commercial spaces will foster the demand for generators. High electricity costs, inadequate transmission and distribution networks, and thriving population count will drive the demand for gensets across Africa. The current electricity demand outstrips the supply, offering a high potential for the deployment of gensets in the region.
 

Strategic acquisitions & mergers by eminent players

Eminent participants operating in the diesel genset market include Kohler, Generac, Yamaha, Cummins, Kirloskar Oil Engine limited, Powerica, Escorts Limited, Sterling Generator, YANMAR, Caterpillar, Trane technologies, Atlas Copco, Ashok Leyland, C&S Electric, JCB, Mahindra Powerol, Supernova Genset, Sudhir Power, Aggreko, MTU Onsite Energy and Siemens amongst others.
 

These manufacturers are invariably seeking technical evolutions in response to the operational constraints including noise levels, pollutant emission levels, and the ability to operate in extreme environments and climatic conditions including humidity, sandstorms, and severe environment.
 

This diesel generator market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2017 to 2027, for the following segments:

Market, By Power Rating

  • < 50 kVA
  • 50-125 kVA
  • 125-200 kVA
  • 200-330 kVA
  • 330-750 kVA
  • > 750 kVA

Market, By End Use

  • Residential
  • Commercial
  • Industrial

Market, By Application

  • Standby
  • Peak Shaving
  • Prime/Continuous

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • UK
    • Germany
    • France
    • Spain
    • Austria
    • Italy
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • Indonesia
    • South Korea
  • Middle East
    • Saudi Arabia
    • UAE
    • Qatar
    • Turkey
    • Iran
    • Oman
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • South Africa
    • Angola
    • Kenya
    • Mozambique
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile

 

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The global diesel gensets industry size was over USD 25 billion in 2020 and will reach installations of over 3,000 thousand units by 2027.

The market share from <50 kVA segment is anticipated to record around 5% CAGR between 2021-2027 with increased deployment in residential, small industrial and commercial uses.

The market for commercial diesel gensets is expected to register over 7% CAGR up to 2027 with fast paced industrialization and large number of construction activities.

APAC is witnessing an increased installation of diesel gensets up to 2027 owing to factors like rapid growth of the construction sector and high public infrastructure spending.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 20
  • Tables & Figures: 694
  • Countries covered: 32
  • Pages: 455

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