Diesel Generator Market by Type, Mobility, Cooling System, and Application, and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global diesel generator market garnered $20.8 billion in 2019, and is estimated to reach $37.1 billion by 2027, registering a CAGR of 9.8% from 2020 to 2027.

Increase in need for continuous & stable power supply and rapid industrialization & urbanization drive the growth of the global diesel generator market. However, stringent government regulations toward environmental pollution and rapid development in the renewable energy sector hinder the market growth. On the other hand, increase in investment on electrification of remote & rural area is anticipated to offer new opportunities in the coming years.

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The large diesel generator (above 375 KVA) segment to maintain its lead status-
Based on type, the large diesel generator (above 375 KVA) segment accounted for nearly three-fifths of the global diesel generator market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to the increase in demand from large-scale industries such as mining, healthcare, commercial, manufacturing, and data centers. However, the medium diesel generator (75-375 KVA) is estimated to portray the highest CAGR of 10.1% from 2020 to 2027. Rapid growth in the infrastructure projects such as metro, road construction and others in the developing and developed economies across the globe drives the growth of the segment.

The peak shaving segment to maintain its leadership position-
Based on application, the peak shaving segment contributed to the highest market share with more than four-fifth of the global diesel generator market in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to the rise in power demand from highly dense populated area and from manufacturing sites. However, the standby backup power segment is estimated to generate the fastest CAGR of 10.0% from 2020 to 2027. This is attributed to the increase in demand for uninterruptible power supply and rise in growth of the construction & building sector.

Asia-Pacific to dominate the market, North America to grow at a significant pace by 2027-
Based on region, Asia-Pacific accounted for the highest share based on revenue, holding for nearly two-fifth of the global diesel generator market in 2019, and is projected to maintain its dominant position throughout the forecast period. Moreover, the same region is estimated to generate the fastest CAGR of 10.0% from 2020 to 2027. This is attributed to the large number of key players and availability of the manufacturing facilities in Asia-Pacific region. Furthermore, North America region is anticipated to manifest the CAGR of 9.4% from 2020 to 2027.

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Leading market players
• Caterpillar, Inc.
• Cummins, Inc.
• Rolls Royce plc
• Kohler Co.
• Generac Power Systems, Inc.
• Southwest Products
• Atlas Copco AB
• FG Wilson
• Denyo Co. Ltd.
• Kirloskar Electric Company.

Key Findings Of The Study
• In 2019, large diesel generator segment accounted for majority of the share of the global diesel generator market, and is expected to maintain its lead throughout the forecast period.
• In 2019, the stationary diesel generator segment accounted for about 73.8% of the share in the global diesel generator market, and is expected to maintain its dominance till the end of the forecast period.
• In 2019, the air cooled diesel generator segment is accounted for 61.32% market share in the year 2019, and is anticipated to grow at a rate of 9.9% in terms of revenue, increasing global diesel generator market share.
• Industrial is the fastest-growing end user segment in the Asia-Pacific diesel generator market, expected to grow at a CAGR of 10.5% during 2020–2027.
• Asia-Pacific region is expected to grow at the fastest rate, registering a CAGR of 10.0%, throughout the forecast period.
• In 2019, Asia-Pacific dominated the global diesel generator market with more than 35.0% of the share, in terms of revenue.

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