The global Diesel Genset market size was valued at USD XX Billion in 2018 and is anticipated to expand at a CAGR of XX % from forecast period of 2019 to 2026.The diesel generator, a mixture of diesel engines with electrical generators, may be a reliable power supply device. Its used for generating electricity to supply continuous power supply during power interruptions. Its mostly used as a standby device during power outages or at places with no connection to an influence grid. Factors driving the diesel generator market include the increasing need for uninterrupted & reliable power supply an increasing number of power outages. Source: Secondary Databases, Primary Interviews and 99 Reports Research AnalysisGlobal Diesel Genset Industry Dynamics -Increasing demand for uninterrupted and reliable power supply from the end-use segments, like manufacturing and construction, power generation, telecom, oil and gas, marine, residential, chemical, and healthcare, is anticipated to propel the market growth over the forecast period. Continuous population growth, rapid industrialization, and infrastructure development are among the significant factors influencing electricity demand globally. Growing usage of electronically operated equipment has resulted in increasing demand for generators so as to prevent sudden stoppage of electricity supply during power outages and disruption of daily business activities.
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Global Diesel Genset Market - Key Segment -
Global Diesel Genset Market
By Power Rate -
• 75 kVA
• 75-375 kVA
• 375-750 kVA
• >750 kVA
Global Diesel Genset Market
By Application -
• Residential
• Commercial
• Industrial
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Global Diesel Genset Market - Geographical Analysis By geography, the global Cosmetic pigment Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).North America accounted for a significant market share in 2019, with the U.S. occupying a dominant position across the region. Continuously developing infrastructure of knowledge centers and other commercial markets alongside the growing vulnerability of power system to weather-based outages, has led to an increase within the demand for reliable backup power solutions, in turn, stimulating the demand for diesel generators across the region.Global Diesel Genset Market -
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Competitive Analysis
Some of the key leaders companies in the market include -
• Atlas Copco
• Yamaha Motor
• Caterpillar
• Ashok Leyland Ingersoll-Rand
• C&S Electric
• Himoinsa
• Powerica
• Sterling Generators
• SDMO
• Escorts Group
• Generac
• Cummins
• Honda
• Briggs & Stratton
• and KOEL
• amongst others.
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