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The global diesel generator market was valued at US$ 15.57 Billion in 2021.
We expect the global diesel generator market to exhibit a CAGR of 5.80% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for diesel generator.
The rising requirement for an uninterrupted and reliable power supply, such as diesel generator, owing to its durable, cost-effective, and hassle-free properties, is primarily driving the global diesel generator market.
Based on the capacity, the global diesel generator market has been divided into 0-100 kVA, 100-350 kVA, 350-1000 kVA, and above 1000 kVA. Among these, 0-100 kVA capacity currently exhibits a clear dominance in the market.
Based on the application, the global diesel generator market can be categorized into standby backup power, prime power, and peak shaving power. Currently, standby backup power holds the majority of the total market share.
Based on the mobility, the global diesel generator market has been segmented into stationary and portable, where stationary currently accounts for the largest market share.
Based on the end user, the global diesel generator market can be bifurcated into residential, commercial, and industrial. Currently, the industrial sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global diesel generator market include Aksa Power Generation, Atlas Copco AB, Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Kirloskar Electric Company Limited, Kohler Co., Mitsubishi Heavy Industries Ltd., MTU Onsite Energy (Rolls-Royce plc), Wartsila Corporation, and Yanmar Co. Ltd.
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