Diesel Generator Market Size to Record a CAGR of 7.45% Over 2024-2032; Strong Development of Industrial Infra to Support Market Expansion

The diesel generator market size touched USD 19.46 billion in 2023 and is predicted to reach USD 20.84 billion in 2024. The market is anticipated to touch USD 37.03 billion by 2032, recording a CAGR of 7.45% over 2024-2032.

Fortune Business Insights™ presents this information in its latest report titled “Diesel Generator Market Size, Share & Industry Analysis, By Portability (Stationary and Portable), By Power Rating (Below 75 kVA, 75 – 375 kVA, 375 – 750 kVA, and Above 750 kVA), By Application (Continuous Load, Peak Load, and Standby Load) and By End-user (Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceutical, Commercial, Telecom, Electric Utility, Data Centers, and Others), Regional Forecast, 2024-2032”.

Diesel generators are machines that produce electricity by burning the diesel fuel. They utilize a combination of a diesel engine and an electric generator to generate power and supply it to various industries. The growing demand for a continuous power supply in both the industrial and commercial applications is expected to bolster the diesel generator market growth.

Several manufacturing and other industrial activities came to a complete standstill during the COVID-19 pandemic due to the imposition of lockdowns and trade restrictions by governments across the world. Moreover, several countries witnessed a major slowdown in their economic growth due to the financial uncertainties created by the pandemic. The closure of manufacturing plants in most industries hindered the adoption of diesel generators for power generation, which further slowed the market’s growth.

Aggreko Launched New Generators in Canada to Fulfill Growing Energy Demands

Aggreko announced that it had launched its latest Tier 4 Final generators in Canada, in October 2023. The units were said to be available in Canadian Standards Association (CSA)-certified options from 100 kW to 500 kW from 2022. The company designed the generators to meet the stringent emissions regulations for diesel generators, including the U.S. Environmental Protection Agency (EPA) and Canadian Environmental Protection Act (CEPA).

Strong Development of Industrial Infra to Support Market Expansion

A robust increase in the volume of industrial activities, especially after the COVID-19 pandemic, boosted the demand for a durable and long-term industrial infrastructure. Many public and private sector organizations are joining hands to invest in the development of this infrastructure to support various manufacturing activities and contribute to a region’s economic growth and development. These factors are predicted to spur the demand for diesel generators.

However, reduced reliability on fossil fuels and increased adoption of green technologies may stifle market expansion.

Caterpillar to Dominate Market with Its Vast Product Portfolio

Caterpillar is expected to hold a dominant position in the market as the company has a vast product range and a strong brand value. It is also focusing on improving its sales and distribution channels through partnerships with the local firms, which will further cement its top market position.

Notable Industry Development:

• October 2021: Generac Mobile, a reputed producer of mobile light towers, generators, heaters, pumps, and dust suppression solutions, introduced two new large diesel units – the MDE330 and MDE570 diesel mobile generators. These generators aim to offer ease of maintenance and operation. The rental-ready machines also claim to feature wide-opening removable doors to maximize serviceability by enabling technicians to reach all the service points more easily. The rugged steel design and construction allow for use in a variety of applications, regardless of the weather conditions.

List of the Companies Profiled in the Report:

• Caterpillar Inc. (U.S.)


• Aggreko (U.K.)


• Cummins Inc. (U.S.)


• Himoinsa (Spain)


• John Deere (U.S.)


• Kohler SDMO (France)


• PRAMAC (Italy)


• Kirloskar Electric Co. Ltd. (India)


• Generac Power Systems (U.S.)


• FG Wilson (U.K.)


• Atlas Copco (Sweden)


• American Honda Motor Company Inc. (U.S.)


• Briggs & Stratton (U.S.)


• Ingersoll Rand (U.S.)


• Yamaha Motor Co. Ltd. (Japan)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/diesel-generator-market-100587

Further Report Findings:

• Asia Pacific dominated the diesel generator market share due to rapid urbanization and industrialization. Moreover, governments across the region are launching various plans to fully electrify remote and inaccessible places, such as small cities in distant places and villages. These initiatives will automatically increase the demand for a constant electricity supply to modernize these places, which will further fuel the product’s use in this region.


• The market in the Middle East & Africa is also likely to showcase promising growth due to decreased costs associated with crude oil & gas exploration and production, and growing presence of large oil & gas reserves.


• Based on end-user, the oil & gas segment is dominating the market as diesel generators are being widely used in several oil & gas exploration and production activities. These activities include drilling, pumping, and loading.

Table of Segmentation