MarkNtel Advisors recently published a detailed industry analysis of the Global Diesel Generator Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Diesel Generator Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

The Diesel Generator Market was valued at 18.5 billion in 2022 and is projected to grow at a CAGR of around 10.25% during the forecast period, i.e., 2023-28.

What are the major Driver the Global Diesel Generator industry?

Mounting Energy Requirements Paired with Frequent Power Outages Worldwide - As Energy consumption continues to elevate with growing urbanization, exploding population, and evolving industries, power outages have become quite prominent, raising concerns worldwide, especially in developing countries. According to the IEA’s Electricity Market Report 2023, the growth in world electricity demand is anticipated to accelerate to an average of 3% over the next Three Years.

Further, the constantly changing weather conditions resulting in droughts and heat waves have necessitated air conditioning, thereby triggering massive power outages. For example, India last year witnessed the highest-ever peak in power demand due to severe heat waves. Along similar lines, central and eastern regions of China experienced heatwaves and drought, resulting in higher demand for air conditioning amid reduced hydropower generation in Sichuan province. Given the increasing electricity consumption and constant power outage, the need for flexible and reliable power systems has augmented, subsequently hinting at the broader adoption of power generators like diesel generators and, in turn, contributing to the market growth.

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What segments define the Global Diesel Generator Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

• By Application
• Peak Shaving
• Standby Power
• Base Load/Continuous Power

According to report, The Prime & Continuous Power segment is expected to attain accelerating growth as a result of simultaneously spurring demand for reliable power supply in remote places.

• By End User
• Government & Utilities
• Oil, Gas & Mining
• Construction
• Manufacturing
• Telecommunications
• Others

According to report, The Industrial sector leads the global diesel generator market, which is expected to have the largest market share.

• By Power Rating
• Upto 30 KW
• 30-60 KW
• 60-150 KW
• 150-300KW
• 300-500KW
• 500-1000KW
• Above 1000 KW

Explore the Complete Global Diesel Generator Market Analysis Report –

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Geographical Analysis: Global Diesel Generator Market

• By Region
• North America
• South America
• Europe
• Asia-Pacific
• Rest of World

Global Diesel Generator Market Share & Competitive Landscape:

The Diesel Generator Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global Diesel Generator Market are:

• Caterpiller Inc.
• APR Energy
• Atlas Copco AB
• Kirloskar Electric
• Cummins Inc.
• Kohler Co.
• Agreeko PLC.
• Generac Power Holdings, Inc.
• Burtonwood Generator & Switchgear services Ltd.
• Mitsubishi Heavy Industries

Global Diesel Generator Industry Recent Development:

In February 2023, Caterpillar unveiled the Cat XQ330 mobile DG set, a cutting-edge power solution designed to meet the U.S. EPA Tier 4 Final emission standards. This innovative generator set offers a reliable and efficient power solution for both standby and prime power applications.

In August 2022, Caterpillar Inc. notified the extension of its standby diesel generator sets, adding three new 60 Hz power nodes from 20 to 30 kW for telecommunications, small industrial, and commercial applications in North America.

In 2022: Cummins launched C1000D6RE, a 1MW twin-pack rental diesel generator fitted with a QSX15 engine. With this launch, the company seeks to cater to the EPA targets without requiring a Diesel Particulate Filter.

Questions Addressed in this Study

1.What factors are driving the Global Diesel Generator Market growth?

2.How is the Global Diesel Generator Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Global Diesel Generator Market ?

4.What is the current size of the Global Diesel Generator Market, and how is it projected to change in the future?

6.What is the future outlook for the Global Diesel Generator Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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