Commercial Diesel Gensets Market Size - By Application (Standby, Peak Shaving, Prime/Continuous), By End Use (Telecom, Healthcare, Data Centers, Government Centers, Hospitality, Retail Sales, Real Estate, Infrastructure), By Power Rating & Forecast, 2024 – 2032

Commercial Diesel Gensets Market Size

Commercial Diesel Gensets Market was valued at USD 10.4 billion in 2023 and is projected to grow at over 8% CAGR between 2024 and 2032. The rapid urbanization across emerging economies along with increasing spending by public and private players across telecom sector have spurred demand for reliable backup power solutions, boosting the adoption of diesel gensets in commercial sectors. Additionally, increasing infrastructure development projects including construction of commercial buildings and hospitals, have further fuelled the market growth.
 

The paradigm shifts and stringent environmental regulations toward sustainable energy sources of power will drive significant growth in the commercial diesel generator sets market. These units have become increasingly prevalent and strategically important solutions for addressing power deficits, especially when compared to other alternative backup sources. A commercial diesel gensets are power generation systems designed for commercial use, particularly in situations where grid power may be unreliable or unavailable. These gensets typically utilize diesel fuel to generate electricity through an internal combustion engine.
 

COVID– 19 Impact

The COVID-19 pandemic significantly impacted the commercial diesel gensets market. Key geographies have experienced the pandemic at varying stages, depending on governmental decisions, and prevailing conditions. The pandemic's economic impact has caused financial constraints for businesses and organizations. Moreover, disruptions in sectors including hospitality, tourism, and retail have decreased demand for gensets.
 

Commercial Diesel Gensets Market Trends

The increasing demand for commercial standby generator sets, particularly in healthcare, telecom, and data centers, is driven by the need for reliable electricity supply coupled with favorable government norms and emission standards will complement the business landscape. Furthermore, integration of IoT and digitalization technology in diesel gensets with remote monitoring and optimization capabilities have fueled the industry size. Growing efforts by the government authorities along with private players toward energy security challenges and mitigate the impact of power interruptions on critical operations will energize the industry outlook.
 

Commercial Diesel Gensets Market Analysis

Based on power rating, the > 50 kVA - 125 kVA rated diesel gensets accounted for over 17% market share in 2023. Growing reliance on digital technologies and sensitive electronic equipment in commercial settings has amplified the need for continuous and stable power supply, driving the demand for commercial diesel gensets in the > 50 kVA to 125 kVA range. Moreover, increasing investment to accommodate telecommunication networks to cover more areas and higher usage levels to fulfill the demand for reliable backup power solutions will drive the product adoption.

Based on end use, the data center market will witness around 37% growth rate through 2032. The increasing globalization of businesses and the need for low-latency connections are driving the expansion of data center networks across the key geographies. Growing demand for digital services, cloud computing, and IoT along with need for data storage and processing capabilities will strengthen the construction of more data centers globally.
 

Asia Pacific commercial diesel gensets market size is poised to reach USD 14.5 billion by 2032, owing to the continuous expansion of medium and small sized sectors. Furthermore, there is an increasing demand for decentralized power generation in remote or off-grid areas is propelling the use of diesel-powered generators. Stringent emission standards in along with innovation of cleaner burning diesel engines incorporating advanced emission control technologies will positively influence for these gensets.
 

Commercial Diesel Gensets Market Share

Caterpillar Inc. is a significant player in the diesel genset industry, renowned for its expertise in manufacturing reliable and efficient power solutions. The company offers a wide range of commercial diesel gensets tailored to meet the diverse needs of various industries, including construction, mining, telecommunications, healthcare, and hospitality. Caterpillar's diesel gensets are known for their robust construction, advanced engine technology, and superior performance, making them ideal for providing backup power in critical applications.
 

Commercial Diesel Gensets Market Companies

Major key players operating across the commercial diesel genset industry include:

• Aggreko
• Americas Generators Inc.
• Ashok Leyland
• Atlas Copco
• Caterpillar
• Cummins Inc.
• Deere & Company
• FG Wilson
• Generac Power Systems, Inc.
• HIMOINSA
• J C Bamford Excavators Ltd.
• Kirloskar
• Kohler Co.
• Mahindra Powerol
• Mitsubishi Heavy Industries Ltd.
• Powerica Limited
• Rolls-Royce Plc
• Sudhir Power Ltd.
• Supernova Genset
• Wartsila
   

Commercial Diesel Genset Industry News

• In December 2023, Cummins launched its latest power generation offerings, the c1760d5, c1875d5, and c2000d5b generator models, catering to the 1,700kva to 2,000kva power range. They are powered by the reliable kta50 engine series, renowned for its robust 4-cycle industrial diesel engine delivering reliable power, low emissions, and rapid response to load changes.
   
• In December 2022, Kirloskar Oil Engines formalized an (MoU) with RITES. The primary objective of this MoU was to collaboratively explore business opportunities in the genset domain, specifically in the areas of infrastructure, and urban transport, catering to both domestic and overseas markets.
   

This commercial diesel gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Power Rating

• ≤ 50 kVA
• > 50 kVA - 125 kVA
• > 125 kVA - 200 kVA
• > 200 kVA - 330 kVA
• > 330 kVA - 750 kVA
• > 750 kVA

Market, By End Use

• Telecom
• Healthcare
• Data Centers
• Educational Institutions
• Government Centers
• Hospitality
• Retail Sales
• Real Estate
• Commercial Complex
• Infrastructure
• Others

Market, By Application

• Standby
• Peak Shaving
• Prime/Continuous

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
• Europe
  • Russia
  • Germany
  • UK
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • Australia
  • China
  • India
  • South Korea
  • Indonesia
  • Japan
  • Thailand
  • Vietnam
  • Philippines
  • Myanmar
  • Malaysia
  • Bangladesh
• Middle East & Africa
  • Saudi Arabia
  • Qatar
  • Turkey
  • Iran
  • UAE
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Chile