Diesel Generator Market to Reach $37.1 Bn, Globally, by 2027

|Jun 16|magazine16 min read

- Rise in need for continuous & stable power supply and rapid industrialization & urbanization drive the global diesel generator market

PORTLAND, Oregon, June 16, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Diesel Generator Market by Type (Small (0–75 KVA), Medium (75–375 KVA), and High (Above 375 KVA)), Mobility (Stationary and Portable), Cooling System (Air Cooled and Liquid Cooled), and Application (Standby Backup Power and Pick Shaving), and End-use Industry (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global diesel generator market garnered $20.8 billion in 2019, and is estimated to reach $37.1 billion by 2027, registering a CAGR of 9.8% from 2020 to 2027.

Drivers, restraints, and opportunities-

Increase in need for continuous & stable power supply and rapid industrialization & urbanization drive the growth of the global diesel generator market. However, stringent government regulations toward environmental pollution and rapid development in the renewable energy sector hinder the market growth. On the other hand, increase in investment on electrification of remote & rural area is anticipated to offer new opportunities in the coming years.

Download Sample PDF (285 Pages): https://www.alliedmarketresearch.com/request-sample/6735

COVID-19 Scenario-

  • Halt in the services including hospitality, mining, and construction industry due to active lockdown and social distancing has adversely affected the growth of this industry.
  • In addition,the operational disruption in the generator manufacturing companies, due to COVID-19 outbreak, has impacted the diesel generator market.

The large diesel generator (above 375 KVA) segment to maintain its lead status-

Based on type, the large diesel generator (above 375 KVA) segment accounted for nearly three-fifths of the global diesel generator market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to the increase in demand from large-scale industries such as mining, healthcare, commercial, manufacturing, and data centers. However, the medium diesel generator (75-375 KVA) is estimated to portray the highest CAGR of 10.1% from 2020 to 2027. Rapid growth in the infrastructure projects such as metro, road construction and others in the developing and developed economies across the globe drives the growth of the segment.

The peak shaving segment to maintain its leadership position-

Based on application, the peak shaving segment contributed to the highest market share with more than four-fifth of the global diesel generator market in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to the rise in power demand from highly dense populated area and from manufacturing sites. However, the standby backup power segment is estimated to generate the fastest CAGR of 10.0% from 2020 to 2027. This is attributed to the increase in demand for uninterruptible power supply and rise in growth of the construction & building sector.

Get detailed COVID-19 impact analysis on the Diesel Generator Market: https://www.alliedmarketresearch.com/request-for-customization/6735?reqfor=covid

Asia-Pacific to dominate the market, North America to grow at a significant pace by 2027-

Based on region, Asia-Pacific accounted for the highest share based on revenue, holding for nearly two-fifth of the global diesel generator market in 2019, and is projected to maintain its dominant position throughout the forecast period. Moreover, the same region is estimated to generate the fastest CAGR of 10.0% from 2020 to 2027. This is attributed to the large number of key players and availability of the manufacturing facilities in Asia-Pacific region. Furthermore, North America region is anticipated to manifest the CAGR of 9.4% from 2020 to 2027.

Leading market players

  • Caterpillar, Inc.
  • Cummins, Inc.
  • Rolls Royce plc
  • Kohler Co.
  • Generac Power Systems, Inc.
  • Southwest Products
  • Atlas Copco AB
  • FG Wilson
  • Denyo Co. Ltd.
  • Kirloskar Electric Company.

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/diesel-generator-market/purchase-options

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have:   

Portable Generators Market: Global portable generators market size was valued at $3,146 million in 2015, and is projected to reach $4,913 million by 2022, growing at a CAGR of 6.6% from 2016 to 2022.

Nitrogen Generators Market: Global nitrogen generators market size was valued at $11,776.1 million in 2018, and is projected to reach $17,435.5 million in 2026, growing at a CAGR of 4.9% from 2019 to 2026.

Solar Energy Market: Global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.

Ozone Generation Market: Global Ozone Generation Market was valued at $880 million in 2016, and is expected to reach at $1,486 million by 2023, registering a CAGR of 7.4% from 2017 to 2023.

Renewable Energy Market: Global renewable energy market was valued at $928.0 Billion in 2017, and is expected to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025.

Pre-Book Now with 12% Discount:

Generator Market- Global Opportunity Analysis and Industry Forecast, 2020-2027

Thermoelectric Generator- Global Opportunity Analysis and Industry Forecast, 2020-2027

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]

Web: https://www.alliedmarketresearch.com

Follow Us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg