Diesel Gensets 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), Industry Analysis Report, Regional Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Mar 2021  |  Report ID: GMI3114  |  Authors: Ankit Gupta, Asmita Semwal

Report Format: PDF   |   Pages: 455   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Diesel gensets market size crossed USD 25 billion in 2020 and annual installation is anticipated to exceed 3,000 thousand units by 2027. A diesel genset is defined as an electrical equipment which produces electricity and is primarily deployed to supply emergency power during an electric outage.
 

Diesel gensets market

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Increasing grid failure owing to extreme weather conditions will positively impact the industry landscape. For instance, Hurricane Zeta caused massive power outages in October 2020 affecting over 2.6 million customers across the U.S. Additionally, surging installation of backup supply systems and strengthening of consumer inclination & awareness toward affordable & reliable backup power solutions will stimulate the global diesel gensets market growth.
 

Diesel Gensets Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:25.2 Billion (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:5.1%
2027 Value Projection:38.2 Billion (USD)
Historical Data for:2017 to 2020
No. of Pages:455
Tables, Charts & Figures:694
Segments covered:Power Rating, End-Use, Application
Growth Drivers:
  • North America
    • Increasing intensity & frequency of weather-related disasters
    • Escalating data center outage costs
    • Growing demand for uninterrupted power supply
  • Europe
    • Emerging trends in real estate
    • Expansion of the datacenter industry
    • Favorable regulatory policies to boost investment
  • Asia Pacific
    • Booming construction sector
    • Ongoing digitalization
    • Burgeoning expansion in the telecom sector
  • Africa
    • Unreliable grid infrastructure coupled with rapid population growth
Pitfalls & Challenges:
  • High capital, installation & maintenance costs
  • Shifting trends toward renewable power generation

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Escalating demand for high power from data centers and off-grid locations is set to boost the market share

Saudi Arabia Diesel Gensets Market

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< 50 kVA rated diesel gensets market share will witness over 5% CAGR through 2027 owing to extended usage across the residential, small commercial and industrial applications. Rising frequency of electric outage on account of aging grid infrastructure and intensifying natural disasters is set to drive the business scenario. Moreover, rising 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 expand the usage of these units.
 

The > 750 kVA diesel gensets industry is poised to gain an appreciable CAGR on account of the surging demand from the healthcare industry and data centers. Resurgent demand from the healthcare sector owing to the sudden outbreak of COVID-19 along with the rising demand from data centers on account of the increased urgency to supply continuous power for residential usage will favor the infiltration of these units across the business landscape.
 

Ongoing digitalization and rapid urbanization have resulted in escalated electricity demand which will positively impact the diesel gensets industry outlook

Residential diesel gensets market share is anticipated to witness a substantial 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 global market statistics.
 

Commercial diesel gensets market size is anticipated to witness a gain of over 7% from 2021 to 2027. Robust industrialization and booming construction activities comprising green field and brown field infrastructural projects will stimulate the industry development. Rising demand for automated technologies and digital products has resulted in substantial development of data centers and communication stations, which in turn will complement the industry outlook. In addition, growing public funding across the commercial sector with extensive ventures across IT businesses and retail is anticipated to strengthen the global market demand.
 

Ongoing consumer shift toward electricity backup units is set to enhance the demand of standby diesel gensets

UK Diesel Gensets Market Value, By End Use, 2020 (USD Million)

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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 gensets 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. Increasing 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 trends.
 

Asia Pacific diesel gensets market size is projected to experience substantial growth owing to robust development of commercial establishments

Japan Diesel Gensets Market

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Infrastructure development and ongoing construction boom is emerging as one of the catalysts of diesel gensets industry growth across Asia Pacific. Increasing investments across construction sector coupled with development of new residential and commercial spaces will drive the genset demand across the region. The implementation of investment projects fiscally supported by foreign direct investments will play an instrumental role in the upliftment of the gensets industry.
 

High electricity costs, inadequate transmission and distribution networks, and thriving population count will drive the demand for diesel gensets across Africa. The current electricity demand outstrips the supply, offering a high potential for the deployment of gensets in the region. For instance, the electricity prices in parts of sub-Saharan Africa are among the highest in the world, which further limits the use of regional grid infrastructure. Following which, Nigeria accounts for almost three-quarters of the electricity supply provided by the backup generators, thereby promoting large-scale deployment of diesel gensets.
 

Key manufacturers are focusing on performing forward integration with an aim to sustain their existing market share

Prominent diesel generator set 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. Eminent players operating across the global diesel gensets 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.
 

Global diesel gensets 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:

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

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

 

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.

Premium Report Details

  • Published Date: Mar 2021
  • Pages: 455
  • Tables: 631
  • Charts / Figures: 63
  • Companies covered: 20
  • Countries covered: 28

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