Market Research Report
Diesel Genset Market with COVID-19 Impact Analysis, By Deployment, By Type and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||1003885|
|Published||Content info||230 Pages
Delivery time: 2-3 business days
|Diesel Genset Market with COVID-19 Impact Analysis, By Deployment, By Type and By Region - Size, Share, & Forecast from 2021-2027|
|Published: May 1, 2021||Content info: 230 Pages||
The Global diesel generator Market was valued at USD 16.9 billion by 2019, growing with 7.7% CAGR during the forecast period, 2021-2027.
Rising demand for reliable and uninterrupted power, rapid industrialization, population growth, and increased infrastructure development across the globe are the key forces driving the global diesel Genset market. Diesel Genset, also known as diesel generators have emerges as a key source of emergency power. Heavy power cuts in the developing geographies have contributed to the expansion of the global diesel Genset market during the past couple of decades. Additionally, increased investment in product innovation to cater to the unique demands of industrial and commercial users has supplemented the growth of the global diesel Genset market. However, stringent government regulations on emission control and the growing adoption of gas-based generators are anticipated to hinder the growth of the global diesel Genset market during the forecast period.
On the basis of power generators, the global diesel Genset market is segmented into low power, medium power, and high power diesel Genset. The high-power diesel Genset contributed a dominating share to the global market in 2020 and are anticipated to grow at a significant CAGR during the forecast period. Based on application, the global diesel Genset market is segmented into Peak Shaving, Prime/Continuous, and Standby. The peal shaving diesel Genset are anticipated to be the fastest-growing segment during the forecast period. The standby application segment is expected to witness steady growth during the forecast period owing to the improving energy infrastructure and rising adoption of renewable energy sources. Based on end-use, the global diesel Genset market is segmented into residential, commercial, and industrial. The commercial segment contributed the largest share to the global market and is expected to witness steady growth during the forecast period. The commercial segment is anticipated to grow at a prominent CAGR during the forecast period, followed by the industrial segment. Based on region, the global diesel Genset market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific accounted for the largest share of the global market in 2020 and is anticipated to be the most lucrative segment during the forecast period. Middle East & Africa is expected to grow at a significant compounded annual growth rate during the forecast period.
The key players in the region are focusing on strategies such as strategic expansion, partnership, acquisition, and mergers. For instance, in July 2020, Cummins installed its lean-burn gas generator for providing continuous, reliable power at high environmental temperatures, to the EDL's hybrid renewable energy micro-grid at Gold Fields' Agnew Gold Mine in the northern goldfields of Western Australia. In April 2020, Caterpillar, through its dealer Al-Bahar made available the Cat C18 diesel generator set that enables to meet emission targets and power needs with high precision. In October 2020, focused on expanding the product portfolio, Pramac introduced a range of new mobile diesel-powered generators for power applications in the range 9-760kVA.
Key features of the study:
This proposed research study on Diesel Genset Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Diesel Genset Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Diesel Genset Market
Impact of COVID-19 on Diesel Genset Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Diesel Genset Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Diesel Genset Market, we have also included competitive landscape and key innovator analysis for the Diesel Genset Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Diesel Genset Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Diesel Genset Market on global as well as regional level.
The Global Diesel Genset Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL DIESEL GENERATOR MARKET KEY PLAYERS
Atlas Copco AB
Generac Holdings Inc.
Honda Siel Power Products Ltd
Briggs & Stratton Corporation
AKSA Power Generation
Mitsubishi Heavy Industries Ltd.
GLOBAL DIESEL GENERATOR MARKET, BY END USE
GLOBAL DIESEL GENERATOR MARKET, BY POWER RATING
Low Power Generator
Medium Power Generator
High Power Generator
GLOBAL DIESEL GENERATOR MARKET, BY APPLICATION
GLOBAL DIESEL GENERATOR MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
TABLE Diesel Generator Market: Regional snapshot (2019)
TABLE Europe Diesel Generator Market, by End Use, 2016-2027 (USD Million)
TABLE Middle East and Africa Diesel Generator Market, by End Use, 2016-2027 (USD Million)
List of Figures