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Diesel Gensets Market Size
Diesel Gensets Market was valued at USD 33.4 billion in 2023 and is anticipated to grow at a CAGR of 7.4% from 2024 to 2032. The growing focus toward adoption of highly efficient & reliable power source in line with continuous innovation to enhance fuel efficiency, emission control, and noise reduction will escalate the industry outlook. Ongoing integration of control systems and advanced monitoring units coupled with rapid industrialization & infrastructure development including data centers, commercial complex or healthcare facilities will energize the business dynamics.
A diesel-fired telecom generator is a power generation system that combines a diesel engine to produce electricity. These units are widely used to provide backup or primary power in various applications. Ongoing incorporation of smart management systems which is an ideal solution for remote locations in association with continuous utilization of battery energy storage systems, thereby will stimulate the business growth. Surging technological capabilities including integration of digitization and IoT solutions which enable real time monitoring & maintenance, which in turn will propel the demand for these generator sets.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 33.4 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.4% |
| 2032 Value Projection: | USD 63.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 145 |
| Tables, Charts & Figures: | 50 |
| Segments covered: | Power Rating, End Use, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Diesel Gensets Market Trends
The industry is set for significant growth on account of implementing strict emission standards and increasing emphasis on developing more sustainable solutions. Burgeoning expansion of data centers infrastructure including network hubs and cell towers coupled with surging innovation in fuel management systems and engine design will drive the business landscape. Robust industrial growth and refurbishment of existing grid network in association with rising investment toward development of urban & rural areas will positively sway the penetration of these units across emerging economies.
Diesel Gensets Market Analysis
The ≤ 50 kVA rated diesel gensets industry will exceed USD 14 billion by 2032. Rising energy demand and capacity expansion in line with growing infrastructure activities including transportation, telecommunication, construction of road, bridges, malls, and other commercial complexes will accelerate the industry overview. Increasing frequency of extreme weather related events coupled with surging need for efficient backup power solutions will influence the business growth. Furthermore, strict government mandates and codes combined with favorable funding schemes comprising of tax rebates & subsidies will foster the adoption of these units.
The standby diesel gensets market size will observe about 7% growth rate from 2024 to 2032, driven by increasingly equipped with advanced technologies including enhanced fuel efficiency, automatic transfer switches, and remote monitoring capabilities. Increasing investment toward upgradation of existing grid infrastructure to ensure uninterrupted power supply in line with expanding data centers growth will cater favorable business scenario. Additionally, stringent environmental standards along with increasing frequency of natural disasters comprising of earthquakes, floods, and hurricanes will energize the business potential.
Asia Pacific diesel gensets market is set to surpass USD 30 billion by 2032, driven by rapid industrialization, urbanization, and increasing demand for reliable power supply. Rising investments by the key industry private and public players in infrastructure projects comprising of construction, telecommunications, and transportation, which in turn will boost the demand for these systems. The increasing energy demand in the region coupled with frequent power outages and ensuring business continuity & operational efficiency will proliferate the industry dynamics.
The U.S. diesel gensets market is poised for notable growth on account of heavy reliance on digital infrastructure and increased power outages due to natural disasters. Growing government efforts to implement strict regulations ensuring energy security and disaster preparedness in line with to promote incentives program by offering subsidies and tax rebates, which will strengthen the product deployment. Moreover, significant investments by federal and state government authorities in rural broadband initiatives aimed at closing the digital divide will accelerate the business growth.
Diesel Gensets Market Share
Kohler designs, manufactures & sells power generators for residential, industrial, marine, and mobile applications. The company offers gas & diesel-powered generators, transfer switches, generator controls, towable generators, paralleling switchgears, commercial generators, residential generators, mobile generators, and remote monitoring systems. It also provides rental solutions with portable HVAC systems, portable restrooms, and generators.
Diesel Gensets Market Companies
The key industry players include:
- Aggreko
- Ashok Leyland
- Atlas Copco AB
- Captiva Energy Solutions Private Limited
- Caterpillar
- Cooper Corp.
- Cummins, Inc.
- Deere & Company
- FG Wilson
- Generac Power Systems, Inc.
- Greaves Cotton Limited
- HIMOINSA
- J C Bamford Excavators Ltd.
- Kirloskar
- Kohler Co.
- Mahindra POWEROL
- Mitsubishi Heavy Industries, Ltd.
- Powerica Limited
- Rapid Power Generation Ltd.
- Rolls-Royce plc
- Siemens
- Sterling and Wilson Pvt. Ltd.
- Sudhir Power Ltd.
- Supernova Genset
- Wärtsilä
- Yamaha Motor Co., Ltd.
Diesel Gensets Industry News
- In January 2024, Rolls-Royce has upgraded its mtu Series 1600, achieving up to a 49% increase in power output for energy supply applications. The standout model, the 12V1600, boasts up to 996 kWm, the highest power density in its class. With the use of renewable diesel (HVO), can reduce CO2 emissions by up to 90%. In addition, this Series 1600 is suitable for power generation in critical environments including data centers, hospitals, airports along with ideal solution for power plants in remote areas which is lacking connection to the public grid.
- In February 2023, Caterpillar unveiled the Cat XQ330 diesel generator set which is designed for prime power and standby applications that complied with U.S. EPA Tier 4 Final emission standards. The Cat XQ330, equipped with the company’s C9.3B diesel engine, delivers up to 288 kW for standby and 264 kW for prime operations at 60 hertz, and up to 341 kVA for standby and 310 kVA for prime power applications at a frequency of 50 Hz.
This diesel gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” & “USD Million” from 2021 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
- Residential
- Commercial
- Industrial
Market, By Application
- Standby
- Peak shaving
- Prime/continuous
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Russia
- UK
- Germany
- France
- Spain
- Austria
- Italy
- Asia Pacific
- China
- Australia
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Philippines
- Middle East
- Saudi Arabia
- UAE
- Qatar
- Turkey
- Iran
- Oman
- Africa
- Egypt
- Nigeria
- Algeria
- South Africa
- Angola
- Kenya
- Mozambique
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
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