Market Research Report
Diesel Generator Market with COVID-19 Impact Analysis, By Type, By Portability, By Power rating, By Application, By End-User, and By Region - Size, Share, & Forecast from 2021-2027
|Diesel Generator Market with COVID-19 Impact Analysis, By Type, By Portability, By Power rating, By Application, By End-User, and By Region - Size, Share, & Forecast from 2021-2027|
Published: May 1, 2021
AnalystView Market Insights
Content info: 288 Pages
Delivery time: 2-3 business days
The global diesel generator market was valued at USD 17.6 billion by 2019, growing with 7.7% CAGR during the forecast period, 2021-2027.
Diesel generators are power backup appliances that keep the power supply running in the event of a power outage or a loss of connection, preventing any disruptions to ongoing processes and operations. These generators don't require any grid connections and run on fuel injected into the engine at regular intervals. The market is expected to rise owing to increase demand for uninterrupted and stable power supply from end-use segments such as power production, manufacturing and building, oil and gas, and healthcare. Rapid industrialization and rising infrastructure construction are also the major factors that influence global diesel generator demand.
The new COVID-19 pandemic has had a global impact on the power industry. When countries implemented partial or complete lockdown measures to combat the pandemic, many computer manufacturing companies around the globe were forced to shut down their facilities and services. The pandemic of COVID-19 has resulted in a significant decrease in energy demand. Governments all over the world, on the other hand, were required to shut down marketing activities in order to combat the coronavirus threat. The slowdown in business activities has had a short-term negative impact on diesel generator costs. Despite the fact that many governments are introducing constructive regulations to get their economies back on track, demand growth is expected to pick up in the immediate future.
The market will accelerate due to the increasing use of diesel generators in the commercial sector. In commercial facilities, generators are mostly used to cope with power outages and voltage spikes. The commercial segment includes healthcare, telecommunications, aquaculture, data centers, government centers, hospitality, and educational facilities. The rapid growth in the healthcare sector as a result of the current Covid-19 crisis, along with the demand for energy by a growing number of customers, would provide an opportunity for the diesel generator sector to thrive. Hence, such factors will flourish the diesel generator market growth during the forecast timeline.
In the diesel generator market, Asia Pacific is accounted to witness the highest growth during the forecast period. The growth is associated with the rising infrastructure projects, expansion of manufacturing facilities throughout the country, and rising commercial office spaces. China, India, and Japan are the leading countries in the diesel generator market in the Asia-Pacific region. The country is also benefiting from the low cost and high efficiency of diesel generators, as well as increased demand for power backup equipment owing to rising living standards. North America accounted for a significant market share, with the United States dominating the region. The growing instability of the power grid to weather-related outages, coupled with the continuous development of data centers and other commercial facilities, has resulted in a rise in demand for stable backup power solutions, which has sparked demand for diesel generators across the region. The rapid growth in the automotive industry coupled with increasing demand for medium power generators in Germany and Italy will provide lucrative opportunities for the market in Europe. The Middle East & Africa is anticipated to grow with sustainable growth owing to increasing demand for a diesel generator in the prime power and peak shaving power.
Key features of the study:
This proposed research study on diesel generator 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 generator market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the diesel generator market
Impact of COVID-19 on diesel generator market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on diesel generator market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the diesel generator market, we have also included competitive landscape and key innovator analysis for the diesel generator 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 generator market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new application launch, research & development, regional expansion of major participants involved in the Diesel Generator market on global as well as regional level.
The global Diesel Generator 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 Copoco AB
Generac Holdings Inc.
Briggs and Stratton Corporation
AKSA Power Generation
MTU Onsite Energy
Mitsubishi Heavy Industries Ltd
Honda Siel Power Products Ltd.
GLOBAL DIESEL GENERATOR MARKET, BY TYPE
Infrastructure as a Type (IaaS)
Platform as a Type (PaaS)
Software as a Type (SaaS)
GLOBAL DIESEL GENERATOR MARKET, BY PORTABILITY
GLOBAL DIESEL GENERATOR MARKET, BY POWER RATING
Less Than 75 kVA
Between 75 to 375 kVA
More than 375 kVA
GLOBAL DIESEL GENERATOR MARKET, BY APPLICATION
Standby Backup Power
Peak Shaving Power
GLOBAL DIESEL GENERATOR MARKET, BY END-USE
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
List of Figures