Diesel Generator Market Synopsis:
A diesel generator is an engine that leverages diesel for the generation of electrical energy. Although, these generators are typically designed to run on diesel, sometimes it can be adapted for natural gas or other liquid fuels. The observation offered by Market Research Future (MRFR) unravels that the global diesel generator market is presumed to expand at a steady rate of growth through the forecast period. Increasing applications across commercial and residential spaces is anticipated to fuel demand for the generator over the next couple of years. In addition, increasing end-user industry applications are projected to drive the proliferation of the diesel generator market in the near future.
Diesel generators are excessively used in industries due to the rising demand for power and energy. Thus, rapid industrialization is supposed to lead the expansion of the diesel generator market in the upcoming years. It has also been observed that the rising occurrences of power outages have propelled the augmentation of the diesel generator market. It has boosted the residential use of the product, especially in the urban areas. Thus, urbanization is also projected to expand the diesel generator market in the forthcoming years.
Developing economies are expected to contribute a considerable fraction of the revenue in the years to come. Their contribution is anticipated to be supported by the growing demand for uninterrupted power supply in the region. Increasing per capita income in the fast-developing economies can influence the growth pattern of the diesel power generator market positively. Also, the rising exploration and drilling activities in the oil & gas and mining industries are expected to boost the demand for these generators through the assessment period. On the other side, the rising focus on the generation of renewable energy is likely to check the expansion of the diesel generator market in the coming years. In addition, the strict carbon emission norms are expected to intensify inclination towards green sources of energy. It is poised to restrict market growth over the next few years.
Diesel Generator Industry Segmentation:
The division of the global diesel generator market, based on power rating, covers 375 KVA
On the basis of popularity, the diesel generator market has been divided into stationary and portable.
The end-use based segments of the diesel powered electric generator market profiled in this analysis are commercial, industrial, and agriculture.
Regional Analysis:
The geographical study of the Diesel Generator Market Growth is included in this report for the following regions – South America, Europe, Asia Pacific, the Middle East & Africa (MEA), and North America. These regional segments are sub-segmented on the basis of countries for providing a detailed analysis. Asia Pacific is expected to hold a substantial share of the market. It is expected to expand at a rapid pace owing to the increasing demand for uninterrupted power supply in industries. Increasing industrialization in the region is anticipated to drive the growth of the diesel generator market in the region. In addition, the region is attracting investment for rising exploration in the oil & gas industry. It is further projected to influence the regional market positively. Apart from this, the increase in the urban population is also prognosticated to propel the expansion of the market in the coming years. Rising power outages are poised to boost sales across the diesel generator market in the region.
Competitive Dashboard:
Kirloskar Electric Company (India), Greaves Cotton Limited (India), Denyo Co Ltd (Japan), Ashok Leyland (India), Rolls-Royce plc (UK), W
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