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Detailed Analysis on Diesel Generator Market | Which Is Expected to grow at CAGR of 5% By 2023

Detailed Analysis on Diesel Generator Market | Which Is Expected to grow at CAGR of 5% By 2023

Diesel Generator Market
Diesel Generator Market

Market Scenario

Diesel Generators are predominantly used in industrial applications, owing to their extreme reliability and comparatively low use of fuel when compared to gasoline generators. Diesel generators are mainly used as backup power source in case of an unexpected power outage. Continuous power supply enables industrial and commercial organizations to work without any loss in productivity. Diesel generators also ensure safe and reliable emergency power for critical services such as hospitals and data centers.

Diesel generators are classified based on their portability types such as stationary and portable type generators. Portable diesel generators are used in small industrial and commercial applications whereas stationary diesel generators are used for high power applications such as power generation and industries. Also, by operations type, they are operated as a source of standby power, peak shavings application and as a source as continuous power supply. Diesel generators vary by their operating power rating such as 0-100 kVA, 350 kVA, and 350-1000 kVA and above 1000 kVA.

The ever growing Diesel Generator Market is growing at the rapid pace; and is expected to gain further prominence over the forecast period. As stated in MRFR’s study report, the market is forecasted to perceive a Quadrupling growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR of 5% during the anticipated period.

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Key Players

The key players of global diesel generator markets are

  • Caterpillar Inc. (U.S.),
  • Cummins Inc.(U.S.),
  • Kohler Co.(U.S),
  • Mitsubishi Heavy Industries, Ltd. (Japan),
  • Kirloskar Group (India),
  • Briggs & Stratton (U.S),
  • Wärtsilä  (Finland),
  • AKSA Power Generation (Turkey)
  • Yanmar Co., Ltd. (Japan)

Standby applications market is growing at the highest rate in the diesel generators market from 2017-2023

Diesel generators such as standby electrical systems operate automatically when there is an unexpected power outage. For residential homes and other domestic purposes, low capacity single phase generators are available while for commercial use, three phase generators are available and are used the most.  Also, in places where the electrical power is not available, diesel generators act as alternative power solutions. Furthermore, in countries such as UK they are used to provide power for peak power consumption times. This is mainly due to their immediate startup time and ready availability of fuel.

Market Research Analysis

Asia-Pacific region is expected to grow at the fastest rate

Rapid industrialization in countries such as China, India, Indonesia and Australia demand continuous power for operations of industrial sector, data centers and emergency services in these countries. Ageing grid infrastructure often hampers the supply for continuous power. Thus diesel generators are indispensable in providing uninterrupted power supply. This is creating a lucrative market for diesel generators in this region. However, the growth in North America and Europe regions is expected to be stagnated because of rising environmental impact of using diesel generators and the necessity to meet global climate change targets.

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Table of Content

1    Executive Summary

2       Research Methodology

 2.1   Scope Of The Study
2.1.1     Definition
2.1.2     Research Objective
2.1.3     Assumptions
2.1.4     Limitations
2.2   Research Process
2.2.1     Primary Research
2.2.2     Secondary Research
2.3   Market Size Estimation
2.4   Forecast Model

 

3    Market Dynamics 

3.1   Market Drivers
3.2   Market Inhibitors
3.3   Supply/Value Chain Analysis 
3.4   Porter’s Five Forces Analysis

4       Global Diesel Generators Market, By Portability Type
4.1 Introduction
4.2  Stationary Generators
4.3 Portable Generators 

5       Global Diesel Generators Market, By Operations Type

Continue…….

List of Tables

Table 1    Global Diesel Generatorsmarket, By Type
Table 2    Global Diesel Generatorsmarket, By Operations Type
Table 3    Global Diesel Generatorsmarket, By Application
Table 4     Global Diesel Generatorsmarket, By Regions
Table 5     North America Diesel Generators Market, By Type

Table 6    North America Diesel Generators Market, By Operations Type
Table 7    North America Diesel Generators Market, By Application
Continue……….

List of Figures

Figure 1    Research Operations Type
Figure 2    Global Diesel Generators Market: By Type (%)
Figure 3    Global Diesel Generators Market: By Operations Type (%)
Figure 4    Global Diesel Generators Market: By Application (%)
Figure 5    Global Diesel Generators Market: By Region 

Figure 6    North America Diesel Generators Market, By Type (%)
Continue………..

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About Market Research Future:

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