The diesel genset market is witnessing a continual rise. The market growth attributes to the growing demand for uninterrupted and reliable power supply. Besides, the increasing demand for energy and frequent power outages create substantial market demand. Moreover, frequent outages caused by natural calamities that can interrupt operations in industries, emergency services, homes, and commercial establishments, further escalate market growth.
According to Market Research Future (MRFR), the global Diesel Genset Market is projected to be worth USD 30.81 billion by 2028, registering a CAGR of 8.70% during the forecast period. The significant shift towards diesel generators due to the increased usages of rental power propels the growth in the market. Also, the advantages of diesel gensets such as cost-effective and reliable power supply accelerate the demand in the market.
Additionally, the rising demand for ready-to-run yet highly customizable power solutions that can meet any power capacity requirement, irrespective of how demanding the project or operating conditions are, boost the market size. Furthermore, robust engines of diesel generators that can stand on reliability due to their simple design and ease of maintenance make these gensets perfectly suited to hot and dusty environments and for remote applications.
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Their impressive load response allows customers to use a smaller and cost-effective package to power their needs. High engine efficiency, low operational cost, and more efficiency of diesel genset are some of the prominent driving forces. On the other hand, stringent regulations against CO2 emissions are a major factor projected to continue impeding market growth. Also, high noise and air pollution would continue to restrict market growth.
Nevertheless, new developments of high ambient cooling systems that ensure maintained performance even in the most extreme environments would support the market growth throughout the review period. Also, fuel mapping options for optimized fuel consumption for use in non-emissions regulated regions and low-NOx optimized emissions for use in mission-critical applications such as data centers enable the diesel gensets to be deployed globally without worry.
New engines come with a closed-loop regeneration crankcase ventilation system and rigid block, crankcase, and sub-frame, which is estimated to contribute to the market growth exponentially to reduce noise and vibration.
Global Diesel Genset Market – Segmentations
The report is segmented into five dynamics;
By Probability: Stationary and Portable.
By Power Rating: Up to 100 kVA, 100 kVA–350 kVA, 350 kVA–1,000 kVA and Above 1,000 kVA.
By Application: Standby, Peak Shaving, Continuous, and others.
By End Use: Industrial, Commercial, and Residential.
By Regions: Asia Pacific, Europe, Americas, and the Rest-of-the-World.
Global Diesel Genset Market – Geographical Analysis
The Asia Pacific region dominates the global diesel genset market. The largest market share attributes to the growing demand for steady reliable power supply, rising development in data centers, and the increasing oil gas activities in the region. Besides, the massive availability of diesel in the region due to the rising production fosters the regional market's growth. Moreover, inexact government regulations for vehicle emission positively impact the growth in the regional market.
On the other hand, diesel genset markets in North America and Europe demonstrate sluggish growth, mainly due to stringent fuel mapping regulations. However, optimized emissions in non-emissions regulated regions in Europe, the USA, Canada, etc., support the market growth in these regions. Additionally, low-NOx optimized use in mission-critical segments like data centers enables the diesel generators to be deployed without worry. Also, the cost-effectiveness of diesel gensets boosts market growth, delivering top-of-the-line fuel consumption regardless of the calibration.
Global Diesel Genset Market - Competitive Landscape
Fiercely competitive, the diesel genset market is categorized by the presence of numerous well-established players. These players incorporate strategies such as mergers acquisitions, collaboration, technology/product launch, and expansion. Promotions through trade exhibitions and product commercialization are the other key strategies adopted by these players. Manufacturers strive to develop their portfolio with high-quality gensets of different capabilities. They are committed to delivering reliable, leading-edge products and comprehensive after-sales support.
Major Players:
Players leading the global diesel genset market include Caterpillar (US), Cummins Inc. (US), Mitsubishi Heavy Industries, Ltd (Japan), Kohler Co. (US), Wärtsilä (Finland), Atlas Copco AB (Sweden), Yanmar Co. Ltd. (Japan), Rolls-Royce plc (UK), Kirloskar Electric Company (India), Generac Power Systems, Inc. (the US), JS Power (UK), General Electric (US), Sutton Power Engineering (UK), Ashok Leyland (India), and Denyo Co., Ltd (Japan), among others.
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Industry/Innovation/ Related News:
December 01, 2020 ---- KOHLER-SDMO (France), an industrial generator manufacturer, launched a new diesel-powered generator sets, expanding the top end of its KD Series. The rollout of new models 4000kVA 4500kVA (50Hz) and 3500kW 4000kW (60Hz) is based on strong worldwide market response. These generators are equipped with the APM802 controller that ties the entire system together for a seamless customer experience.
Additionally, the generators are designed to deliver extreme durability and ultimate reliability in a variety of emergency and prime applications, expanding the limits of standby generator sets.
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