Global Diesel Gensets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By End-Use (Residential, Commercial, Industrial), By Application (Standby, Peak Shaving, Prime/Continuous), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020–2026

Industry Trends

Diesel Gensets Market size surpassed USD 14 billion in 2019 and the annual installation is projected to exceed 2 million units by 2026. Rising demand for reliable power supply accompanied by surge in the installation of backup supply devices is set to stimulate the product adoption. These systems have achieved the strategic importance to focus on the unavoidable power shortages amongst several other alternate backup sources.
 

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Increasing power outages due to extreme weather conditions has positively impacted the business scenario. For instance, according to the U.S. Energy Information Administration, Hurricane Michael caused massive power outages in 2018 affecting over 1.7 million customers across 6 U.S. states. Moreover, strengthening of consumer propensity & awareness toward reliable and affordable backup power solutions will complement the product demand.
 

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Intensifying demand from data centers requiring high-power & from remote areas where grid supply is inaccessible boosting the diesel gensets market growth

<75 kVA rating segment of the market witnessed a growth of over 5% from 2020 to 2026. Rising occurrence of power failures owing aging transmission & distribution network and natural disasters will drive the industry growth. Increasing demand for standby power from LV multi-family consumer section is anticipated to accelerate the product installation.
 

In addition, consumer shift toward smaller & less powerful units for domestic utilization on account of their operational suitability and economic viability will complement the business scenario.
 

Growing demand from data centers on account of increased data utilization through social networking & e-commerce platforms, government projects and smartphones will drive the >750 kVA segment of the diesel gensets market trends.
 

In addition, growing dependency of industries and businesses on digitization and IT, which necessitate the continuous & uninterrupted energy supply is set to drive the product adoption. Moreover, rising cost of data center outages & downtimes have imparted a leading force for the wide-scale commercialization & adoption of diesel gensets.
 

Surging power demand from data centers on account of increased data usage has encouraged the diesel gensets industry outlook

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Residential application segment of the global diesel gensets market will flourish on account of high reliability, continuous power supply and cost effectiveness. Increasing consumer emphasis on energy independency couple with rising frequency of power disruptions is projected to strengthen the industry scenario.
 

In addition, inadequate grid infrastructure specifically in developing countries will boost the product adoption. These gensets are used as the source of a primary power supply where the grid supply is inaccessible. Moreover, rising power failures, increased customer awareness, and augmenting demand load on the main grid are few of the key factors supporting the industry growth.
 

Commercial diesel gensets market is projected to witness gain of over 4% from 2015 to 2020. Ongoing development of SEZs with the growing urbanization will stimulate the product adoption. Rising demand for digital products and systems has resulted in significant development of communication data centers and stations, which in turn is set to complement the industry growth. Moreover, rising investments across the commercial sector with extensive ventures in retail & IT businesses will strengthen the industry outlook.
 

Standby systems witnessing an ongoing consumer shift toward electricity backup units

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Inadequate electricity generation infrastructure across emerging economies coupled with the frequent power disruptions on account of harsh weather conditions including forest fire, earthquakes and storms will boost the standby diesel gensets market trends. Moreover, shifting trends toward re-location of mines, oil & gas fields and construction sites to remote locations owing to the lack of power supply is anticipated to stimulate the product adoption.
 

Increasing consumer purchasing power coupled with ongoing technology advancements are few of the paramount factors complementing the product deployment.
 

Africa market set to grow at the fastest rate

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Europe, North America & Asia Pacific will dominate the market and may account for over 75% share in 2026. Rising investments in construction sector along with development of new commercial and residential spaces will drive the product demand in Canada.
 

For instance, according to the Government of Canada, total expenditure in building construction experienced a growth of 3.8% in February 2019 when compared to USD 15.3 billion in the previous month. In addition, upsurge in large number of industries including retail and telecommunication coupled with rising need to avoid power failure will further stimulate the product demand.
 

Kenya diesel gensets market forecast will grow significantly on account of ineffective T&D network along with ongoing expansion in the regional infrastructure and growing focus toward economic diversification. Electricity prices in parts of Sub-Saharan Africa are among the highest in the world, which limits the use of regional grid infrastructure.
 

In addition, rising population with limited electricity generating stations is set to enhance the technology outlook. Rising investments along with positive outlook toward the manufacturing sector is further projected to augment the industry landscape.
 

Expansion of strong distribution networks acting as the crucial point for market players

Presently, there is a high-level of forward distribution between manufacturers and installers that along with the distributors provides finished diesel gensets to the installers who offer them further to after sales services & to end consumers. Key industry participants are focusing toward backward integration with an aim to sustain quality standards with economies of scale and maintain their market share.
 

Major industry participants comprise Atlas Copco, Yamaha Motor, Caterpillar, Ashok Leyland Ingersoll-Rand, C&S Electric, Himoinsa, Powerica, Sterling Generators, SDMO, Escorts Group, Generac, Cummins, Honda, Briggs & Stratton, and KOEL, amongst others.
 

Diesel Gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2015 to 2026, for the following segments:

By Power Rating

• <75 kVA
• 75-375 kVA
• 375-750 kVA
• >750 kVA

By End-Use

• Residential
• Commercial
• Industrial

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
  • Mexico
  • Chile
  • Argentina
  • Brazil