Diesel Prime Power Generators Market Size - By Power Rating, By Application (Telecom, Hospitality, Oil & Gas, Mining, Construction, Agriculture, Industries), By Regional Outlook & Forecast, 2024 – 2032

Diesel Prime Power Generators Market Size

The global diesel prime power generators market size was valued at USD 13.5 billion in 2023 and is estimated to grow at a CAGR of over 8% from 2024 to 2032. The demand for these units will continue with the unending growth of small and medium enterprises alongside rapid industrialization.
 

Diesel generator sets feature paramount significance as they are a great facility where other energy sources are not readily available or are excessive unpredictable. They deliver reliable power to construction sites, remote areas, industrial installations, and more, which require units capable of running for long periods under different conditions. Diesel electricity generators are unrivalled at providing consistent performance, even where power supply is inconsistent. These generators are fuel efficient and feature powerful diesel engines which assist it with performance stability.
 

Diesel Prime Power Generators Market Trends

The industrial sector encompassing data centers, manufacturing plants and construction sites is set to drive the business growth. A rising focus on fuel efficiency is encouraging the adoption of hybrid power systems which offer greater reliability and flexibility in power generation. The increasing frequency of natural disasters, power outages, and growing demand for backup power sources will enhance the generator sets market. The product offers key advantages comprising of improved fuel efficiency, advanced control systems, remote monitoring capabilities and enhanced automation features, further stimulating the product penetration.
 

Diesel Prime Power Generators Market Analysis

The > 125 kVA - 200 kVA rated diesel prime power generators will exceed over USD 3.5 billion by 2032. Significant investments in the construction sector and infrastructure projects combined with a growing focus on remote and off-grid applications will drive the product demand. The telecom division's adoption of these generators, and data centers’ rapid growth, will stimulate market growth. Also, there is a growing focus on integrating hybrid power systems into compact, space-saving installations in environments that require them, which in turn will further boost the industry dynamic.
 

The agriculture diesel prime power generators market size will witness growth rate of over 7.5% through 2032. These generators are essential for powering irrigation systems, processing equipment and other farm machinery, enabling consistent agricultural productivity. The increasing demand for food production and the expansion of mechanized farming, the need for reliable power sources has grown, driving the product deployment. Furthermore, the emphasis on enhancing fuel economy and cutting down operational costs has also resulted in the further factor up of the evolved generator technologies regard the industry landscape.
 

The Asia Pacific diesel prime power generators market will cross over USD 15 billion by 2032. A focus on reliable power generation coupled with the enhancement of local production and service capacity should be key to the success of these gensets. Policies put in place by governments and tax credits offered for green and environmentally safe solutions will improve the objective of the sector. Also, the business environment will also benefit from the increased spending of government and private businesses on new constructions within a well-developed competitive market.
 

The U.S. continues to rely on diesel prime power generators to provide such services, and with the resurgence in demand for such equipment over the past few years, the market is expected to further grow in construction, data centers, and healthcare facilities are always in need of reliable and uninterrupted supply of energy to function properly, and as such, the current trend suggests that there will be investment in the expansion and development of these industries. All of this combined will consequently strengthen the industry. Additionally, emphasis on energy security and the growth in demand for high grade, premium real estate will further support the industry performance.
 

Diesel Prime Power Generators Market Share

HIMOINSA is recognized world-wide for its growth in the energy sector as it specializes in manufacturing and designing power generation equipment. The gensets which they supply ensure reliability and efficient usage which assist cratering diverse energy demands. These generators are able to work in a variety of settings, including industrial and remote regions. With the help of strict policies and high-end technology HIMOINSA is able to ensure that its products are of the highest quality and meet all standards set out by the industry. It’s gensets have been widely regarded for their ability to perform exceptionally well while keeping operational costs low which is ideal since many businesses require a consistent power source.
 

Diesel Prime Power Generators Market Companies

The key industry players include:

• Ashok Leyland
• Atlas Copco
• Briggs & Stratton
• Cummins, Inc.
• Caterpillar
• Deere & Company
• Generac Power Systems, Inc.
• HIMOINSA
• Kirloskar
• Kohler Co.
• Mahindra POWEROL
• Mitsubishi Heavy Industries, Ltd.
• Rapid Power Generation Ltd.
• Rolls-Royce plc
• Siemens
• Volvo Penta
• Wärtsilä
• YANMAR HOLDINGS CO., LTD.
   

Diesel Prime Power Generators Industry News

• In October 2022, Generac Power Systems in Canada agreed to introduce the GEH2 hydrogen generator in North America. EODev specializes in the manufacture of zero-emission hydrogen fuel power generators, and according to the signed contract, Generac will promote EODev’s GEH2 product in the Canadian market. Using its profound capabilities, Generac will manage genset business, maintenance, and client relations services. With this collaboration, the industrial sector is able to meet the growing demand for alternative and eco-friendly solutions.
   
• In July 2022, Sterling Generators, a group company of Sterling and Wilson, signed a synergetic partnership memorandum with Moteurs Baudouin, power generation engines, marine gas and diesel engines designers focused on France. This partnership will enhance Baudouin’s history of producing & designing the best of both gas & diesel engines and strengthen Sterling’s beautiful and fuel-efficient engine with trim designs sensitive to meeting emission limits, as well. Also, this partnership intends to provide growth opportunities for both companies in the power segment.
   

The diesel prime power generators market research report includes in-depth coverage of the industry with estimates & forecast in terms of “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 Application

• Telecom
• Hospitality
• Oil & Gas
• Mining
• Construction
• Agriculture
• Industries
• Others

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

• 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
  • Myanmar
  • Bangladesh
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile