Diesel Generator Market Size, Share, Research, Trends, and Global Industry Outlook 2026
The Global Diesel Generator Market is valued at US$ 17.39 Bn in 2018 and is expected to grow at a CAGR of 5.23% over the forecast period to reach a US$ 26.14 Bn by 2026.
(EMAILWIRE.COM, October 16, 2019 ) The increasing demand for diesel generators in end-user sectors such as agricultural, mining, manufacturing, telecommunications, construction, and commercial sectors are expected to drive the market growth during the forecast period. However, the high threat of substitutions from cost-effective, eco-friendly alternatives, including battery energy storage systems and gas generators might hamper the growth prospects of the market, coupled with the rising diesel fuel costs and negative environmental impact through hazardous emissions. The Global Diesel Generator Market has been segmented based on portability, end-user, power rating, operations, and region.
The rise in demand for diesel generators in end-use sectors
The benefits of low noise levels and cost-effective functioning expenses, coupled with the threat of power shortage leading to operational downtime during peak hours, have ensured high installation of diesel generators in various end-use sectors, including agriculture, mining, manufacturing, telecommunications, construction, and commercial sectors. The manufacturing, industrial, and telecommunications sectors require uninterrupted power supply during operational hours, as the presence of heavy-duty industrial grade machinery and inter-connected communication devices run primarily on directly distributed electric power. For instance, a data center, part of the telecommunications industry, requires power to run IT infrastructural equipment such as network and communication equipment, desktops, servers, EAPBX, lighting, air conditioners, security systems, CCTV surveillance, fire alarms, UPS, and other critical devices.
Browse full report@ https://www.datamintelligence.com/research-report/diesel-generator-market
Asia-Pacific to Grow at the Highest Rate in Diesel Generator Market
Geographically, the global diesel generator market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In Asia Pacific, the demand for electricity has risen exponentially, owing to rapid industrialization and increasing per capita electric power consumption. The rapid growth in industry, infrastructure, telecommunication, and the information technology sector is expected to escalate the demand for diesel generators in Asia Pacific region over the forecast period. The market has been witnessing increasing production of a diesel generator with improved engine life and other features such as synchronization with the grid, remote monitoring and control, and automated data analysis. Further, the high cost of a diesel generator, industrialists and manufacturers prefer renting them, either on a monthly or hourly basis.
Factors such as an increase in number of real estate construction projects and anticipated growth in foreign investments for newly-launched smart city projects in India will further fuel growth in the APAC diesel generator market. Global Market players in emerging economies like India and China are expected to invest heavily to gain a competitive advantage and expand into new APAC markets.
In February 2019, Kirloskar Oil Engine Ltd introduced its latest product range of technologically advanced intelligent DG (diesel generators) in Delhi. The range is called the i-Green series. Further, in January 2018, Mahindra Powerol, a business unit of Mahindra Group, announced the extension of its higher kVA Diesel Generators (DG) range with the launch of the 400/500/625 kVA diesel generators.
In North America, the diesel generator is mainly influenced by business activities in the US. The demand for a portable generator is increasing in the US, owing to its characteristics, such as flexibility and convenience for consumers. A diesel generator is one of the most reliable sources of backup power mainly due to its rapid response time, easy fuel availability, load-carrying capacity, and reliability. Rapid response time is the most significant feature of a diesel generator. According to the National Electrical Code 517-13 and the California Electrical Code, all hospitals and critical care facilities are required to have diesel-powered backup generators that can start operating within ten seconds. The California Building Code states that all buildings need an emergency solution to operate during disasters.
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Market Players
The global diesel generator market is highly competitive, with the presence of key market players boasting of an extended global distribution network on a large scale. The major players in the market include Caterpillar Inc., Cummins Inc., Kohler Co., Mitsubishi Heavy Industries, Ltd., Kirloskar Oil Engines Limited (KOEL) (Kirloskar Group), Wärtsilä Finland Oy, AKSA Power Generation, Yanmar Co., Ltd., Generac Holdings Inc., Mahindra Powerol Ltd., and among others.
Therefore, it is important for market players to launch new products in an attempt to capture substantial market share, strengthening the global business position in the process. The expansion of product portfolio ensures increase in sales volume as well as substantial growth in company revenue, coupled with the extension of consumer base guarantying product promotion over an expanded geographical reach.
For instance, on April 24, 2018, Caterpillar Inc. introduced Dynamic Gas Blending (DGB) dual-fuel technology as a factory-installed option for diesel generator sets. The system allows Cat diesel engines to burn a mixture of diesel and natural gas, in many cases cutting fuel costs by up to $100/eMW for each hour of generator set operation while maintaining diesel engine performance.
Buy this premium research report@ https://www.datamintelligence.com/enquiry/diesel-generator-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
The rise in demand for diesel generators in end-use sectors
The benefits of low noise levels and cost-effective functioning expenses, coupled with the threat of power shortage leading to operational downtime during peak hours, have ensured high installation of diesel generators in various end-use sectors, including agriculture, mining, manufacturing, telecommunications, construction, and commercial sectors. The manufacturing, industrial, and telecommunications sectors require uninterrupted power supply during operational hours, as the presence of heavy-duty industrial grade machinery and inter-connected communication devices run primarily on directly distributed electric power. For instance, a data center, part of the telecommunications industry, requires power to run IT infrastructural equipment such as network and communication equipment, desktops, servers, EAPBX, lighting, air conditioners, security systems, CCTV surveillance, fire alarms, UPS, and other critical devices.
Browse full report@ https://www.datamintelligence.com/research-report/diesel-generator-market
Asia-Pacific to Grow at the Highest Rate in Diesel Generator Market
Geographically, the global diesel generator market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In Asia Pacific, the demand for electricity has risen exponentially, owing to rapid industrialization and increasing per capita electric power consumption. The rapid growth in industry, infrastructure, telecommunication, and the information technology sector is expected to escalate the demand for diesel generators in Asia Pacific region over the forecast period. The market has been witnessing increasing production of a diesel generator with improved engine life and other features such as synchronization with the grid, remote monitoring and control, and automated data analysis. Further, the high cost of a diesel generator, industrialists and manufacturers prefer renting them, either on a monthly or hourly basis.
Factors such as an increase in number of real estate construction projects and anticipated growth in foreign investments for newly-launched smart city projects in India will further fuel growth in the APAC diesel generator market. Global Market players in emerging economies like India and China are expected to invest heavily to gain a competitive advantage and expand into new APAC markets.
In February 2019, Kirloskar Oil Engine Ltd introduced its latest product range of technologically advanced intelligent DG (diesel generators) in Delhi. The range is called the i-Green series. Further, in January 2018, Mahindra Powerol, a business unit of Mahindra Group, announced the extension of its higher kVA Diesel Generators (DG) range with the launch of the 400/500/625 kVA diesel generators.
In North America, the diesel generator is mainly influenced by business activities in the US. The demand for a portable generator is increasing in the US, owing to its characteristics, such as flexibility and convenience for consumers. A diesel generator is one of the most reliable sources of backup power mainly due to its rapid response time, easy fuel availability, load-carrying capacity, and reliability. Rapid response time is the most significant feature of a diesel generator. According to the National Electrical Code 517-13 and the California Electrical Code, all hospitals and critical care facilities are required to have diesel-powered backup generators that can start operating within ten seconds. The California Building Code states that all buildings need an emergency solution to operate during disasters.
Free Download Sample Report Pages for Better Understanding@ https://www.datamintelligence.com/download-sample/diesel-generator-market
Market Players
The global diesel generator market is highly competitive, with the presence of key market players boasting of an extended global distribution network on a large scale. The major players in the market include Caterpillar Inc., Cummins Inc., Kohler Co., Mitsubishi Heavy Industries, Ltd., Kirloskar Oil Engines Limited (KOEL) (Kirloskar Group), Wärtsilä Finland Oy, AKSA Power Generation, Yanmar Co., Ltd., Generac Holdings Inc., Mahindra Powerol Ltd., and among others.
Therefore, it is important for market players to launch new products in an attempt to capture substantial market share, strengthening the global business position in the process. The expansion of product portfolio ensures increase in sales volume as well as substantial growth in company revenue, coupled with the extension of consumer base guarantying product promotion over an expanded geographical reach.
For instance, on April 24, 2018, Caterpillar Inc. introduced Dynamic Gas Blending (DGB) dual-fuel technology as a factory-installed option for diesel generator sets. The system allows Cat diesel engines to burn a mixture of diesel and natural gas, in many cases cutting fuel costs by up to $100/eMW for each hour of generator set operation while maintaining diesel engine performance.
Buy this premium research report@ https://www.datamintelligence.com/enquiry/diesel-generator-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results