Market Overview:

The Diesel Generator Market size is estimated to reach $21.6 billion by 2030, growing at a CAGR of 4.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Diesel Generator Market Size, Share & Trends Analysis Report- By Power Capacity (0-100 kVA, 100-350 kVA, 350-1000 kVA, above 1000 kVA), By Portability (Stationary Generators, Portable Generators), By Application (Standby Power, Peak Shaving, Prime or Continuous Power), By End-Users (Residential, Commercial, and Industrial (Construction, Manufacturing, Pharmaceutical, Mining, Others)), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Increasing infrastructure investment and the growth of data centers are fueling the growth of the Diesel Generator industry during the forecast period.

Asia-Pacific Dominated the Market in 2023:

The Asia-Pacific region is recognized as the largest market for diesel generators, holding approximately 37% of the global market share in 2023. This dominance can be attributed to several factors, including rapid industrialization and significant construction activities across countries like China and India. These nations are investing heavily in infrastructure projects, which require reliable power sources to support ongoing operations. Additionally, the frequent power outages experienced in urban areas further drive the demand for diesel generators, making them essential for both commercial and residential applications. The combination of these elements positions the Asia-Pacific region as a key player in the diesel generator market. 

Diesel Generator Market: Key Takeaways

Increasing Infrastructure Investment Drive Market Growth:

Increasing infrastructure investment is poised to drive market growth from 2024 to 2030. Such investments boost economic development and enhance productivity across various sectors while promoting regional progress. The rising use of diesel generators as backup power for infrastructure projects presents significant market opportunities. Notably, in November 2023, the US Department of Commerce announced a $4.4 million investment in infrastructure improvements to foster business growth in Louisiana. Additionally, in August 2022, China revealed a $1 trillion investment in infrastructure initiatives. These substantial investments are expected to positively impact long-term market dynamics and expansion.

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Market Growth Driven by Increasing Demand for Diesel Generators for Data Centers:

Increasing demand for diesel generators in data centers is expected to drive market growth. Data centers require substantial electricity not only for operations but also for cooling systems. In October 2022, AWS acquired 105 backup diesel generators for its new Dublin facility, addressing concerns about local electricity networks. These generators are designed to ensure a reliable power supply, enhancing operational resilience. This trend reflects the broader implications for the diesel generator market, as data centers increasingly rely on backup power solutions to mitigate potential outages and maintain efficiency in energy consumption amidst rising demands. 

Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

4.5%

Market Size in 2030

$21.6 billion

Segments Covered

By Power Capacity, By Portability, By Application, By End-Users, and By Region

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Market Players

1.  Caterpillar Inc

2.  Cummins Inc

3.  Generac Holdings Inc

4.  Kohler Co

5.  MTU Solutions

6.  Mitsubishi Heavy Industries Ltd.,

7.  Atlas Copco

8.  HIMOINSA

9.  Kirloskar Oil Engine Ltd

      10. F G Willson


Recent Developments:

  •  In December 2023, Cummins Inc. revealed that the newly introduced C1760D5, C1875D5, and C2000D5B generator models represent the culmination of over 60 years of research, resulting in even greater power for a wider range of applications. These new generator sets have compact design and unrivaled power density, with standby ratings ranging from 1760KVA to 2000KVA.
  •  In August 2022, Pramac, a pioneer in power generators and handling equipment, has unveiled its new stationary diesel product range. With the client in mind, this range is intended to meet or exceed the requirements of any application, ranging from 10kVA to 820kVA. By providing a better response to tomorrow's operating issues, this new line joins Pramac's product family and expands on the capabilities of the existing GSW series.

Diesel Generator Market: Competitive Landscape

Key companies profiled in the Diesel Generator Market are Diesel Generator Market are Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Kohler Co, MTU Solutions, Mitsubishi Heavy Industries Ltd, Atlas Copco, HIMOINSA, Kirloskar Oil Engine Ltd, F G Willson, and others.

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