Diesel Generator Market to Register 10.25% CAGR Through 2028 | Key Drivers and Opportunities

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MarkNtel Advisors recently published a detailed industry analysis of the Global Diesel Generator Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Diesel Generator, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

The Diesel Generator Market was valued at 18.5 billion in 2022 and is projected to grow at a CAGR of around 10.25% during the forecast period, i.e., 2023-28.

Key Findings in Global Diesel Generator Market:

  • Historical Analysis: 2018 –2021
  • Base Year: 2022
  • Forecast Period: 2023-2028

Leading Market Players- Caterpiller Inc., APR Energy, Atlas Copco AB, Kirloskar Electric, Cummins Inc., Kohler Co., Agreeko PLC., Generac Power Holdings, Inc., Burtonwood Generator & Switchgear services Ltd., Mitsubishi Heavy Industries,

Key Highlights of the Report

  • Market Dimensions And Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

What are the major Driver the Global Diesel Generator industry?

Mounting Energy Requirements Paired with Frequent Power Outages Worldwide – As Energy consumption continues to elevate with growing urbanization, exploding population, and evolving industries, power outages have become quite prominent, raising concerns worldwide, especially in developing countries. According to the IEA’s Electricity Market Report 2023, the growth in world electricity demand is anticipated to accelerate to an average of 3% over the next three years.

Further, the constantly changing weather conditions resulting in droughts and heat waves have necessitated air conditioning, thereby triggering massive power outages. For example, India last year witnessed the highest-ever peak in power demand due to severe heat waves. Along similar lines, central and eastern regions of China experienced heatwaves and drought, resulting in higher demand for air conditioning amid reduced hydropower generation in Sichuan province. Given the increasing electricity consumption and constant power outage, the need for flexible and reliable power systems has augmented, subsequently hinting at the broader adoption of power generators like diesel generators and, in turn, contributing to the market growth.

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What segments define the Global Diesel Generator Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

By Application

    • Peak Shaving
    • Standby Power
    • Base Load/Continuous Power

According to report, The Prime & Continuous Power segment is expected to attain accelerating growth as a result of simultaneously spurring demand for reliable power supply in remote places.

By End User

    • Government & Utilities
    • Oil, Gas & Mining
    • Construction
    • Manufacturing
    • Telecommunications
    • Others

According to report, The Industrial sector leads the global diesel generator market, which is expected to have the largest market share.

By Power Rating

    • Upto 30 KW
    • 30-60 KW
    • 60-150 KW
    • 150-300KW
    • 300-500KW
    • 500-1000KW
    • Above 1000 KW

Explore the Complete Global Diesel Generator Market Analysis Report – https://www.marknteladvisors.com/research-library/global-diesel-generator-market.html

Geographical Analysis: Global Diesel Generator Market

 By Region

  • North America
  • South America
  • Europe
  • The Middle East And Africa
  • Asia-Pacific

The Global Diesel Generator Industry Recent Development:

  • In February 2023, Caterpillar unveiled the Cat XQ330 mobile DG set, a cutting-edge power solution designed to meet the U.S. EPA Tier 4 Final emission standards. This innovative generator set offers a reliable and efficient power solution for both standby and prime power applications.
  • In August 2022, Caterpillar Inc. notified the extension of its standby diesel generator sets, adding three new 60 Hz power nodes from 20 to 30 kW for telecommunications, small industrial, and commercial applications in North America.
  • In 2022: Cummins launched C1000D6RE, a 1MW twin-pack rental diesel generator fitted with a QSX15 engine. With this launch, the company seeks to cater to the EPA targets without requiring a Diesel Particulate Filter.

Key Questions Addressed in This Study

  • What are the primary factors driving the growth of the Global Diesel Generator?
  • How is the Global Diesel Generator expected to evolve over the next five years?
  • What key insights can be drawn from current trends shaping the market?
  • What is the current market size, and how is it forecasted to change in the coming years?
  • What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.

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