Diesel Generator Market Share

Diesel Generator Market Share Analysis

In 2018, Asia-Pacific led the way in the global market, holding the biggest share of 33.20%, equivalent to USD 499.5 million, and is expected to grow the fastest at a rate of 5.91% during the forecast period. North America secured the second position in 2018 with a value of USD 346.0 million, and it's anticipated to show a growth rate of 5.55%.

For electricity generation capacity in 2018, Asia-Pacific again took the lead, grabbing a share of 33.28%, representing an installed capacity of 3,048 MW. It's predicted to have the highest Compound Annual Growth Rate (CAGR) of 3.93%. North America, holding the second position, had an installed capacity of 2,112 MW in 2018 and is expected to exhibit a CAGR of 3.83%.

In terms of total installed capacity in 2018, Asia-Pacific led with a market share of 33.13%, having an installed capacity of 47,711 MW, and is projected to have the highest CAGR of 6.15%. North America followed as the second-largest market in 2018 with an installed capacity of 33,208 MW, expected to grow at a CAGR of 6.10%.

Looking at market volume in 2018, Asia-Pacific once again secured the top spot with a market share of 35.28%, which is equivalent to 48,355 units. The region is anticipated to have the highest CAGR of 7.42%. North America held the second position with a market volume of 30,213 units in 2018, expected to exhibit a CAGR of 7.26%.

North America is a prominent region in the global diesel generator market due to the rising demand for power, increased use of various energy sources and technologies in power generation. The power consumption in North America increased from 3,864 billion kWh in 2017 to 3,946 billion kWh in 2018, showing a strong annual growth rate of 2.1%, according to EIA 2019. The growing demand for power, especially in data centers, contributes to the increased demand for diesel generators. North America is estimated to have a power consumption of 140 TWh by 2020. For instance, AT&T Inc. sold 31 data centers worth USD 1.1 billion to Brookfield Infrastructure. The significant rise in power demand, the increasing number of data centers, and the subsequent power consumption in data centers are expected to drive the demand for diesel generators in this region.

In 2018, the United States dominated the market, holding the largest share of 52.00%, equivalent to a market value of USD 179.9 million, and is expected to grow the fastest with a CAGR of 5.78%. Canada was the second-largest market in 2018, valued at USD 98.3 million, and is projected to exhibit a CAGR of 5.39%.

When considering installed capacity in 2018, the US again led the market with a share of 51.54% and an installed capacity of 1,088 MW. It is expected to register the highest CAGR of 4.05%. Canada, the second-largest market in 2018, had an installed capacity of 598 MW and is projected to exhibit a CAGR of 3.88%.

In terms of market volume, the US dominated with a share of 52.29%, accounting for 15,801 units in 2018, and is projected to register a CAGR of 7.49%. Canada held the second-largest share in 2018 with a market volume of 8,255 units and is projected to exhibit a CAGR of 7.32%.

Within the generator capacity segments, the 375 kVA - 1000 kVA segment accounted for the larger market share of 77.63% in 2018, with a market value of USD 268.6 million, and is expected to register the higher CAGR of 5.77% during the forecast period. The above 1000 kVA segment was valued at USD 77.4 million and is projected to exhibit a CAGR of 4.79%.