Press release
Diesel Generator Market worth $23.4 Billion by 2029 | Caterpillar, Cummins, Generac power systems, Rolls-Royce, Mitsubishi Heavy Industries.
The global Diesel Generator Market is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™. Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies. The longevity and durability of diesel generators allow them to operate over extended periods ensuring continuous power supply during emergencies.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163671714
The standby power, by application, is expected to grow as the largest segment during the forecast period.
Based on application, the Diesel Generator Market has been split into standby power, peak shaving, Prime & continuous power. The standby power segment in the Diesel Generator Market is anticipated to be the largest, primarily due to their cost effectiveness. Standby power Diesel generators are not designed to withstand overload capabilities and are mostly used in homes and businesses.
Stationary, by design, is expected to grow as the largest segment during the forecast period.
Based on design, the Diesel Generator Market has been split into Stationary and portable. The Stationary segment in the Diesel Generator Market is anticipated to be the largest because of their higher power output range from 3 Kw to 700 Kw. Stationary diesel generators can support high power levels continuously along with certain features like automatic transfer switches, making them a preferred choice for long-term and high-power backup solutions.
Up to 50 kW, by Power rating, is expected to grow as the fastest CAGR during the forecast period.
This report segments the Diesel Generator Market based on offering into Various power ratings: (Up to 50 kW, 51 - 280 kW, 281 - 500 kW, 501 - 2000 kW, Above 2000 Kw). Up to 50 kW is expected to be the fastest growing segment during the forecast period due to their versatility and widespread applications. Generators operate at a consistent engine speed, making them suitable for residential, personal, small scale commercial purposes like retail sectors and telecom.
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North America is expected to be the fastest region in the Diesel Generator Industry
North America is expected to be the fastest region in the Diesel Generator Market during the forecast period. The region's increasing focus on Diesel generators is due to the increasing infrastructure activities, Oil and gas exploration activities and the Industrial sector. Moreover, the rising demand of reliable power across data centers and other critical infrastructure needing backup power coupled with a growing need for convenience in households. The increasing expansion in manufacturing and construction, particularly in the US, is also expected to boost the diesel generators market in North America. The affordability of the diesel generators, since these generators are cost-effective, thus it is also a preferred choice among the North American customers.
Key Players
Some of the major players in the Diesel Generator Companies are Caterpillar (USA), Cummins Inc., (USA), Generac power systems, Inc (USA), Rolls-Royce PLC (UK), Mitsubishi Heavy Industries, ltd (Japan). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.
Content Source: https://www.marketsandmarkets.com/PressReleases/diesel-generators.asp
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163671714
The standby power, by application, is expected to grow as the largest segment during the forecast period.
Based on application, the Diesel Generator Market has been split into standby power, peak shaving, Prime & continuous power. The standby power segment in the Diesel Generator Market is anticipated to be the largest, primarily due to their cost effectiveness. Standby power Diesel generators are not designed to withstand overload capabilities and are mostly used in homes and businesses.
Stationary, by design, is expected to grow as the largest segment during the forecast period.
Based on design, the Diesel Generator Market has been split into Stationary and portable. The Stationary segment in the Diesel Generator Market is anticipated to be the largest because of their higher power output range from 3 Kw to 700 Kw. Stationary diesel generators can support high power levels continuously along with certain features like automatic transfer switches, making them a preferred choice for long-term and high-power backup solutions.
Up to 50 kW, by Power rating, is expected to grow as the fastest CAGR during the forecast period.
This report segments the Diesel Generator Market based on offering into Various power ratings: (Up to 50 kW, 51 - 280 kW, 281 - 500 kW, 501 - 2000 kW, Above 2000 Kw). Up to 50 kW is expected to be the fastest growing segment during the forecast period due to their versatility and widespread applications. Generators operate at a consistent engine speed, making them suitable for residential, personal, small scale commercial purposes like retail sectors and telecom.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=163671714
North America is expected to be the fastest region in the Diesel Generator Industry
North America is expected to be the fastest region in the Diesel Generator Market during the forecast period. The region's increasing focus on Diesel generators is due to the increasing infrastructure activities, Oil and gas exploration activities and the Industrial sector. Moreover, the rising demand of reliable power across data centers and other critical infrastructure needing backup power coupled with a growing need for convenience in households. The increasing expansion in manufacturing and construction, particularly in the US, is also expected to boost the diesel generators market in North America. The affordability of the diesel generators, since these generators are cost-effective, thus it is also a preferred choice among the North American customers.
Key Players
Some of the major players in the Diesel Generator Companies are Caterpillar (USA), Cummins Inc., (USA), Generac power systems, Inc (USA), Rolls-Royce PLC (UK), Mitsubishi Heavy Industries, ltd (Japan). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.
Content Source: https://www.marketsandmarkets.com/PressReleases/diesel-generators.asp
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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