Diesel generator market is anticipated to grow at a significant CAGR of 14.1% during the forecast period (2024-2031). The market growth is attributed to the increasing investments in producing efficient energy management across various applications with backup power in industries and businesses. The demand for an uninterrupted power supply and frequent power outages in developing economies are accelerating the demand for diesel generators globally is driving the market growth. Among other verticals, the majority of these diesel generators are utilized to supply electricity to residences, factories, schools, hospitals, and construction sites. It serves as either a primary or backup power source in the event of a grid outage.

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Diesel generators are essential to the global electrification of rural areas as they provide dependable connectivity to the electrical grid. Diesel generator-powered microgrids have become a viable option for improving energy accessibility and stimulating socioeconomic growth in isolated regions. Diesel generators offer a consistent supply of electricity in case of emergencies, which enhances the dependability of microgrids. Diesel generators can produce electricity on their own, however other renewable energy sources, like solar panels and wind turbines, may depend on external variables.

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Market Coverage
Market number available for – 2024-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Diesel Generator Market by Power Rating

Up to 50 kW
51 - 280 KW
281-500 kW
501 - 2,000 kw
Above 2,000 KW

Global Diesel Generator Market by Source

Standby Power
Peak Shaving
Prime & Continuous Power

Global Diesel Generator Market by Application

Industrial
Commercial
Residential

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
The Middle East & Africa

Company Profiles 

AB Volvo
Atlas Copco
Briggs & Stratton, LLC
CFC Holdings Pty Ltd (JCB CEA)
DEUTZ AG
FG Wilson
Generac Power Systems, Inc.
GENERAL POWER LIMITED, INC.
GENESAL ENERGY
HIMOINSA SL
Ingersoll Rand Inc.
Isuzu North America Corp.
John Deere Group
Kirloskar Oil Engines Ltd.
Kohler Co.
Mahindra & Mahindra Ltd.
Motorenfabrik Hatz GmbH & Co. KG
Perkins Engines Company Ltd.
Rolls-Royce plc
Teksan Generator Power Industries and Trade Co. Inc.

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global diesel generator market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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