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Diesel Genset Market Size

ID: MRFR/EnP/8063-CR
185 Pages
Priya Nagrale
July 2023

Diesel Genset Market Research Report Information By Power Capacity (5kVA-75kVA, 76kVA-375kVA, 376kVA-750kVA and 750kVA-1MW) By Application (Standby Power, Peak Shaving, Prime or Continuous Power), End-user (Mining, Oil & Gas, Construction, Marine, Residential, Commercial, Others), By Region - Global Forecast to 2035

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Diesel Genset Size

Diesel Genset Market Growth Projections and Opportunities

The diesel genset market is influenced by various market factors that impact its growth, demand, and trends. These factors play a crucial role in shaping the dynamics of the market, affecting both suppliers and consumers. One significant factor is the rise in power outages due to aging infrastructure and unpredictable weather conditions. As frequent blackouts become more common, businesses and homeowners seek reliable backup power solutions, driving up the demand for diesel gensets.

Additionally, the expansion of industries such as construction, manufacturing, healthcare, and telecommunications fuels the need for continuous power supply, further boosting the diesel genset market. These sectors often require uninterrupted power to sustain operations, making diesel gensets a vital investment for them. Moreover, the growing demand for off-grid power solutions in remote areas and developing regions contributes to the market's expansion.

Government initiatives and regulations also play a significant role in shaping the diesel genset market. Policies aimed at reducing carbon emissions and promoting clean energy solutions impact the adoption of diesel gensets. In response to environmental concerns, manufacturers are innovating to develop more efficient and eco-friendly genset models, meeting stringent emission standards imposed by regulatory bodies. However, the implementation of emission regulations varies across regions, creating a complex landscape for market players to navigate.

Economic factors such as GDP growth, infrastructure development, and investment in critical sectors influence the demand for diesel gensets. Strong economic growth typically correlates with increased construction activities, industrial expansion, and infrastructure projects, driving the need for reliable power backup solutions. Conversely, economic downturns or recessions may temporarily slow down market growth as businesses tighten their budgets and postpone capital expenditures.

Technological advancements also shape the diesel genset market, driving innovation and product development. Manufacturers are investing in research and development to enhance genset efficiency, reliability, and performance. Integration of smart technologies, such as remote monitoring and predictive maintenance systems, improves genset functionality and reduces downtime, appealing to consumers seeking advanced solutions.

Furthermore, fluctuations in fuel prices impact the operating costs of diesel gensets and influence consumer purchasing decisions. Volatile fuel prices can lead consumers to explore alternative power solutions or invest in energy-efficient genset models to mitigate long-term operational expenses. Additionally, the availability and accessibility of fuel infrastructure play a crucial role in determining the feasibility of diesel genset deployment in different regions.

Market competition and industry consolidation also shape the diesel genset market landscape. Key players continually strive to differentiate their products through innovation, quality, and service offerings to gain a competitive edge. Mergers, acquisitions, and strategic partnerships are common strategies employed by companies to expand their market presence and enhance their product portfolios.

Lastly, demographic trends and societal shifts impact the diesel genset market, particularly in residential and commercial segments. The increasing urbanization and population growth drive the demand for reliable power solutions in densely populated areas, where grid reliability may be lower. Moreover, changing consumer preferences towards energy independence and sustainability influence the adoption of diesel gensets equipped with hybrid or renewable energy integration capabilities.

The diesel genset market is influenced by a myriad of factors, including power outage frequency, industry growth, government regulations, economic conditions, technological advancements, fuel prices, market competition, and demographic trends. Understanding and adapting to these market factors are essential for stakeholders to navigate the evolving landscape and capitalize on emerging opportunities.

Diesel Genset Market Size Graph
Author
Priya Nagrale
Senior Research Analyst

With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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FAQs

How much is the Diesel Genset Market?

The size of the Diesel Genset Market size was estimated at US$ 16.65 Bn in 2022

What is the growth rate of the Diesel Genset Market?

The global market for Diesel Genset is expected to expand at a CAGR of 6.5% during the forecast period 2024-2030.

Which region held the largest market share in the Diesel Genset Market?

Asia Pacific held the largest market share in the Diesel Genset Market

Who are the key players in the Diesel Genset Market?

Key players in the Diesel Genset Market are: Cummins Inc. (US), Aggreko Ltd (UK), SDMO (France), PRAMAC (Italy), Generac Holdings Inc. (US), HIMOINSA (Spain), Caterpillar (US), Atlas Copco (Sweden), Doosan Corp (South Korea) and AB Volvo (Sweden)

Which Power Capacity led the Diesel Genset Market?

5 kVA–75 kVA Power Capacity led the Diesel Genset Market

Which Application had the largest market share in the Diesel Genset Market?

Industrial Application had the largest market share in the Diesel Genset Market

Market Summary

As per Market Research Future analysis, the Diesel Genset Market Size was estimated at 18.88 USD Million in 2024. The Diesel Genset industry is projected to grow from 20.11 in 2025 to 37.75 by 2035, exhibiting a compound annual growth rate (CAGR) of 6.5% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Diesel Genset Market is experiencing a dynamic shift driven by technological advancements and increasing energy demands.

  • Technological advancements are enhancing the efficiency and reliability of diesel gensets, particularly in North America. The shift towards hybrid solutions is gaining traction, especially in the rapidly growing Asia-Pacific region. Standby power remains the largest segment, while prime power is emerging as the fastest-growing segment in the market. Increasing energy demand and infrastructure development are key drivers propelling market growth across various sectors.

Market Size & Forecast

2024 Market Size 18.88 (USD Million)
2035 Market Size 37.75 (USD Million)
CAGR (2025 - 2035) 6.5%
Largest Regional Market Share in 2024 Asia-Pacific

Major Players

<p>Caterpillar Inc (US), Cummins Inc (US), Kohler Co (US), MTU Onsite Energy (DE), Perkins Engines Company Limited (GB), W&auml;rtsil&auml; Corporation (FI), Generac Holdings Inc (US), Atlas Copco AB (SE)</p>

Market Trends

The Diesel Genset Market is currently experiencing a notable transformation, driven by various factors that influence demand and supply dynamics. The increasing reliance on backup power solutions across multiple sectors, including healthcare, telecommunications, and construction, appears to be a primary driver. Additionally, the growing emphasis on energy security and the need for uninterrupted power supply in both urban and rural areas contribute to the market's expansion. Furthermore, advancements in technology, particularly in fuel efficiency and emissions reduction, seem to enhance the appeal of diesel generators, making them a preferred choice for many applications. Moreover, the Diesel Genset Market is likely to witness a shift towards hybrid solutions, integrating renewable energy sources with traditional diesel generators. This trend indicates a potential response to environmental concerns and regulatory pressures aimed at reducing carbon footprints. As industries seek to balance operational efficiency with sustainability, the adoption of hybrid systems may gain traction. Overall, the Diesel Genset Market is poised for growth, influenced by technological innovations and evolving consumer preferences, which may redefine the landscape in the coming years.

Technological Advancements

The Diesel Genset Market is witnessing a surge in technological innovations that enhance performance and efficiency. Developments in fuel management systems and emissions control technologies are becoming increasingly prevalent, allowing for reduced environmental impact while maintaining power output. These advancements not only improve operational efficiency but also align with regulatory standards, making diesel generators more attractive to a broader range of users.

Shift Towards Hybrid Solutions

There is a discernible trend towards hybrid power systems that combine diesel generators with renewable energy sources. This shift appears to be driven by the need for sustainable energy solutions and the desire to minimize reliance on fossil fuels. By integrating solar or wind energy with diesel gensets, users can achieve greater energy efficiency and reduce operational costs, while also addressing environmental concerns.

Growing Demand in Emerging Markets

Emerging markets are increasingly becoming focal points for the Diesel Genset Market, as rapid industrialization and urbanization drive the need for reliable power solutions. These regions often face challenges related to grid stability and access to electricity, prompting businesses and governments to invest in diesel generators as a viable alternative. This growing demand suggests a potential for significant market expansion in these areas.

Diesel Genset Market Market Drivers

Market Growth Projections

The Global Diesel Genset Market Industry is poised for substantial growth, with projections indicating a market value of 37.7 USD Billion by 2035. This growth trajectory reflects the increasing reliance on diesel generators across various sectors, driven by factors such as infrastructure development, energy demands, and technological advancements. The anticipated CAGR of 6.03% from 2025 to 2035 suggests a robust market environment, with opportunities for innovation and expansion. As industries continue to evolve and adapt to changing energy landscapes, diesel gensets are likely to remain a vital component of power generation strategies worldwide.

Increased Adoption in Remote Areas

The Global Diesel Genset Market Industry sees increased adoption of diesel generators in remote and off-grid areas where access to electricity is limited. In many developing regions, diesel gensets provide a practical solution for powering homes, schools, and healthcare facilities. This trend is particularly relevant in Africa and parts of Asia, where the lack of reliable grid infrastructure necessitates alternative power sources. The ability of diesel generators to deliver consistent power in these areas enhances their appeal, contributing to the market's growth. As more communities seek energy independence, the demand for diesel gensets is expected to rise, further expanding their market presence.

Rising Energy Costs and Fuel Prices

Rising energy costs and fuel prices are driving the Global Diesel Genset Market Industry as businesses seek cost-effective solutions for their power needs. With fluctuating energy prices, companies are increasingly turning to diesel generators as a means to control operational costs. Diesel gensets provide a stable power source that can be more economical in the long run, especially for industries with high energy consumption. As the market evolves, it is anticipated that the demand for diesel generators will continue to grow, particularly in sectors where energy efficiency is paramount. This trend underscores the importance of diesel gensets in managing energy expenditures.

Infrastructure Development Initiatives

Infrastructure development initiatives globally contribute significantly to the growth of the Global Diesel Genset Market Industry. Governments and private sectors are investing heavily in infrastructure projects, including roads, bridges, and airports, which require reliable power sources for construction activities. Diesel gensets are often deployed at construction sites to provide the necessary power for machinery and equipment. This trend is expected to continue, with the market projected to grow at a CAGR of 6.03% from 2025 to 2035. As infrastructure projects expand, the demand for diesel generators will likely increase, further solidifying their position in the energy landscape.

Growing Demand for Reliable Power Supply

The Global Diesel Genset Market Industry experiences a surge in demand for reliable power supply across various sectors, including healthcare, telecommunications, and manufacturing. As industries increasingly rely on uninterrupted power for operations, diesel generators serve as a dependable backup solution. In 2024, the market is projected to reach 19.8 USD Billion, reflecting the critical role of diesel gensets in ensuring operational continuity. This trend is particularly evident in regions with unstable power grids, where businesses invest in diesel generators to mitigate risks associated with power outages. The increasing reliance on diesel gensets underscores their importance in maintaining productivity and efficiency.

Technological Advancements in Diesel Generators

Technological advancements in diesel generators are transforming the Global Diesel Genset Market Industry. Innovations such as improved fuel efficiency, reduced emissions, and enhanced automation features are making diesel gensets more appealing to consumers. Manufacturers are increasingly focusing on developing eco-friendly solutions that comply with stringent environmental regulations. These advancements not only enhance the performance of diesel generators but also align with global sustainability goals. As a result, the market is likely to benefit from the growing preference for advanced diesel gensets that offer both reliability and environmental compliance, thus attracting a broader customer base.

Market Segment Insights

By Application: Standby Power (Largest) vs. Prime Power (Fastest-Growing)

<p>In the Diesel Genset Market, standby power holds the largest market share, primarily due to its critical role in providing backup energy solutions for essential services in commercial and residential sectors. It serves as a reliable power source during outages, ensuring operational continuity across healthcare, data centers, and emergency services. Prime power, however, is the fastest-growing segment as industries increasingly adopt diesel gensets to support continuous operations in remote areas where grid connectivity is limited, highlighting a crucial shift in energy sourcing strategies.</p>

<p>Standby Power: Dominant vs. Prime Power: Emerging</p>

<p>Standby power remains the dominant application within the Diesel Genset Market, as it effectively addresses the need for reliable backup systems across various sectors. This segment is characterized by its quick activation and ability to deliver necessary power during grid failures, making it essential for critical operations. In contrast, prime power is emerging rapidly, fueled by growing industrial demand and the expansion of off-grid infrastructures. Its applications extend to construction sites and remote communities, where stable power supply solutions are sought. Therefore, while standby power offers a robust safety net for existing structures, prime power is paving the way for new operational paradigms in energy management.</p>

By End Use: Industrial (Largest) vs. Telecommunications (Fastest-Growing)

<p>The Diesel Genset Market shows a diverse distribution across its end-use segments. The Industrial sector leads, capturing the largest share as it relies heavily on diesel generators for uninterrupted power supply in manufacturing and production units. This segment is followed by Commercial and Residential uses, which also make significant contributions. Meanwhile, Telecommunications and Construction are emerging segments, but their share remains smaller in comparison.</p>

<p>Industrial (Dominant) vs. Telecommunications (Emerging)</p>

<p>The Industrial segment is characterized by its extensive reliance on diesel gensets, primarily in manufacturing and processing industries, where power continuity is crucial. This segment has been dominant due to the increased demand for standby and prime power applications. On the other hand, the Telecommunications segment is rapidly evolving as an emerging player due to the rising need for reliable power sources in telecom towers, especially in remote and rural areas. This growth is fueled by the burgeoning mobile network industry and the demand for uninterrupted communication services, indicating a transition in preference as businesses prioritize consistent uptime.</p>

By Fuel Type: Diesel (Largest) vs. Biodiesel (Fastest-Growing)

<p>In the Diesel Genset Market, the fuel type segment shows a diverse distribution, primarily dominated by diesel, which holds a significant share due to its established infrastructure and preference in various industrial applications. Following diesel, biodiesel is gaining traction, capitalizing on the shift towards renewable sources and sustainability in energy production. Natural gas, dual fuel, and heavy fuel oil (HFO) represent smaller segments, with varied market application based on regional regulatory frameworks and resource availability.</p>

<p>Diesel (Dominant) vs. Biodiesel (Emerging)</p>

<p>Diesel generators are recognized for their reliability, efficiency, and performance, making them the dominant choice in the diesel genset market. They are extensively used in sectors such as construction, agriculture, and telecommunications due to their robust nature and lower operational costs over time. On the other hand, biodiesel as an emerging fuel type is rapidly being adopted, particularly in regions emphasizing sustainability and environmental regulations. Its utilization reduces carbon emissions, aligning with global green energy initiatives, thus attracting new investments and innovation in the fuel blending technologies for diesel gensets.</p>

By Power Rating: 100 kVA to 500 kVA (Largest) vs. 500 kVA to 1000 kVA (Fastest-Growing)

<p>In the Diesel Genset Market, the 100 kVA to 500 kVA segment holds the largest market share, catering to a wide range of applications in commercial and industrial settings. This segment is favored for its balance between capacity and efficiency, making it ideal for mid-scale operations. On the other hand, the 500 kVA to 1000 kVA segment is experiencing rapid growth, driven by increasing energy demands in industries that require heavy-duty power solutions.</p>

<p>Power Rating: 100 kVA to 500 kVA (Dominant) vs. 500 kVA to 1000 kVA (Emerging)</p>

<p>The 100 kVA to 500 kVA diesel gensets are recognized for their versatility and reliability, serving industries such as healthcare, telecommunications, and construction. This segment's dominance stems from its ability to provide a dependable power source for facilities that need uninterrupted power supply without going to extensive capacities. Meanwhile, the 500 kVA to 1000 kVA segment is emerging as a key player, largely due to the growth of data centers and large manufacturing plants that demand robust power solutions. Their ability to support heavy machinery and critical applications positions them as a crucial segment in the evolving landscape of energy needs.</p>

By Cooling System: Air Cooled (Largest) vs. Water Cooled (Fastest-Growing)

<p>In the Diesel Genset Market, the cooling system segment is primarily influenced by various technologies employed, including air cooled, water cooled, radiator cooled, and heat exchanger cooled systems. The air cooled systems hold the largest market share due to their simplicity and low maintenance costs. Water cooled systems, while currently in second place, are swiftly gaining traction, largely driven by their superior efficiency in dissipating heat and suitability for larger gensets. The radiator cooled and heat exchanger cooled systems maintain niche markets, appealing to specific applications where cooling performance is paramount. Growth trends for the cooling system segment reflect an increasing demand for efficient and reliable power generation solutions. The rising adoption of water cooled systems is notable, as they can offer better thermal management, essential in heavy-load applications. Additionally, advancements in cooling technology and environmental regulations are propelling the development of next-generation designs, aiding in reducing emissions and operational costs. As the market evolves, innovations in cooling systems are expected to further enhance the operational efficiency of diesel gensets, catering to the increasing demand for power across various sectors.</p>

<p>Air Cooled (Dominant) vs. Radiator Cooled (Emerging)</p>

<p>Air cooled systems are the dominant choice in the Diesel Genset Market, primarily known for their energy efficiency, lower operational costs, and minimal maintenance needs. They function effectively in various environmental conditions, making them versatile for numerous applications. In contrast, radiator cooled systems, while emerging, are designed to handle higher thermal loads, providing excellent heat dissipation for more industrial and commercial applications. Although radiator systems are typically bulkier and costlier than air cooled systems, their ability to maintain optimal engine temperatures under extreme conditions is driving increased adoption. As industries continue to seek reliable power sources with lower emissions, both air cooled and radiator cooled systems are well-positioned within the market, each appealing to different customer needs.</p>

Get more detailed insights about Diesel Genset Market Research Report - Global Forecast till 2035

Regional Insights

North America : Established Market Leader

The North American diesel genset market is projected to reach $4.0 billion by 2025, driven by increasing demand for reliable power solutions across various sectors, including construction, healthcare, and data centers. Regulatory support for energy efficiency and emissions reduction is also propelling market growth. The region's focus on infrastructure development and disaster recovery plans further enhances the demand for diesel generators. Leading countries such as the US and Canada dominate the market, with key players like Caterpillar Inc, Cummins Inc, and Generac Holdings Inc establishing a strong presence. The competitive landscape is characterized by innovation in technology and product offerings, ensuring that these companies meet the evolving needs of customers. The market is also witnessing strategic partnerships and acquisitions to enhance service capabilities and expand market reach.

Europe : Sustainable Energy Transition

Europe's diesel genset market is expected to reach $3.5 billion by 2025, driven by stringent regulations aimed at reducing emissions and promoting sustainable energy solutions. The region's commitment to renewable energy integration and backup power solutions is a significant growth driver. Countries are increasingly investing in infrastructure to support energy resilience, which is crucial for industries and urban areas. Germany, the UK, and France are leading the market, with major players like MTU Onsite Energy and Perkins Engines Company Limited playing pivotal roles. The competitive landscape is marked by innovation in cleaner technologies and compliance with EU regulations. The presence of established manufacturers and a growing focus on hybrid solutions are shaping the future of the diesel genset market in Europe.

Asia-Pacific : Rapid Growth and Expansion

The Asia-Pacific diesel genset market is projected to reach $10.0 billion by 2025, making it the largest regional market. The rapid industrialization and urbanization in countries like China and India are significant growth drivers. Additionally, the increasing demand for uninterrupted power supply in various sectors, including manufacturing and telecommunications, is propelling market expansion. Government initiatives to improve energy infrastructure further support this growth. China and India are the leading countries in this region, with a competitive landscape featuring key players like Wärtsilä Corporation and Kohler Co. The market is characterized by a mix of local and international manufacturers, focusing on cost-effective solutions and technological advancements. The presence of a diverse customer base and increasing investments in energy projects are also shaping the market dynamics in Asia-Pacific.

Middle East and Africa : Emerging Market Potential

The Middle East and Africa diesel genset market is expected to reach $1.38 billion by 2025, driven by the need for reliable power solutions in emerging economies. The region's focus on infrastructure development, particularly in construction and oil & gas sectors, is a key growth driver. Additionally, the increasing frequency of power outages and the need for backup power solutions are propelling market demand. Governments are also investing in energy projects to enhance power reliability. Countries like South Africa, UAE, and Nigeria are leading the market, with a competitive landscape that includes both local and international players. Key companies such as Atlas Copco AB are focusing on expanding their product offerings to meet the diverse needs of customers. The market is characterized by a growing emphasis on energy efficiency and sustainability, which is shaping future investments in diesel gensets.

Key Players and Competitive Insights

The Diesel Genset Market is currently characterized by a competitive landscape that is both dynamic and multifaceted. Key growth drivers include the increasing demand for reliable power supply across various sectors, particularly in emerging economies, and the growing emphasis on sustainability and energy efficiency. Major players such as Caterpillar Inc (US), Cummins Inc (US), and Wärtsilä Corporation (FI) are strategically positioned to leverage these trends. Caterpillar Inc (US) focuses on innovation in product development, particularly in hybrid and renewable energy solutions, while Cummins Inc (US) emphasizes digital transformation and smart technology integration in its gensets. Wärtsilä Corporation (FI) is actively pursuing partnerships to enhance its service offerings and expand its market reach, collectively shaping a competitive environment that prioritizes technological advancement and customer-centric solutions.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and enhance supply chain efficiency. This approach is particularly evident in regions where demand for diesel gensets is surging. The market structure appears moderately fragmented, with several key players exerting considerable influence. The collective strategies of these companies not only enhance their competitive positioning but also contribute to a more resilient supply chain, capable of adapting to fluctuating market demands.

In November 2025, Cummins Inc (US) announced a strategic partnership with a leading renewable energy firm to develop hybrid power solutions that integrate diesel and renewable energy sources. This move is significant as it aligns with the growing trend towards sustainability, allowing Cummins to diversify its product offerings and cater to a broader customer base seeking eco-friendly power solutions. The partnership is expected to enhance Cummins' competitive edge in a market increasingly focused on reducing carbon footprints.

In October 2025, Caterpillar Inc (US) unveiled its latest line of advanced diesel gensets equipped with IoT capabilities, enabling real-time monitoring and predictive maintenance. This innovation is crucial as it not only improves operational efficiency but also positions Caterpillar as a leader in the digital transformation of the genset market. The integration of smart technology is likely to attract customers looking for reliable and efficient power solutions, thereby strengthening Caterpillar's market share.

In September 2025, Wärtsilä Corporation (FI) expanded its service network in Asia by opening a new service center aimed at enhancing customer support and reducing response times. This strategic expansion is indicative of Wärtsilä's commitment to improving customer experience and operational efficiency. By increasing its presence in a high-demand region, Wärtsilä is well-positioned to capture a larger share of the market, particularly in sectors that require uninterrupted power supply.

As of December 2025, the Diesel Genset Market is witnessing trends that emphasize digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly important, as companies seek to enhance their capabilities and market reach through collaborative efforts. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technology, and supply chain reliability. This shift suggests that companies that prioritize R&D and customer-centric solutions will be better positioned to thrive in the future.

Key Companies in the Diesel Genset Market market include

Industry Developments

In June 2023, Sterling Generators allied with Moteurs Baudouin, a French company that manufactures both gas and diesel generators. They will capitalize on Baudouin's legacy of engineering and manufacturing high-quality petrol engines and diesel engines as well as Sterling Generators' sensible engineered auxiliary power solutions, which are fuel efficient and fulfill the latest exhaust emission standards.

Cummins Inc. launched the marine diesel Cummins turbo (MDCT) genset in May 2023. This reliable genset can be fitted with either a low or high kW Cummins B4.5 auxiliary engine, resulting in genset ratings of 40 kWe - 80 kWe and 80 kWe - 110 kWe respectively. An MDCT generator set has been made for sale and is expected to start shipping by the end of this year.

In July 2022, Octopus Hydrogen and GeoPura partnered to develop green hydrogen for a game-changing cleaner technology that would replace dirty diesel generators. This partnership is expected to help decarbonize numerous industries by providing fossil fuel substitutes in the context in which they are being used.

The Indian government sweeps its focus towards improving the economy through increased infrastructure spending, mainly on roads, railways and metro rail, among others; there are huge growth opportunities for Diesel Generators in Metro Rail projects with the new metro rail policy being contemplated currently by every big city across India.

On the other hand, in February 2022, A subcommittee of the government's air quality council removed the ban on diesel generator sets in Delhi-NCR today, effective immediately. The panel reported that air quality has improved recently and is anticipated to improve further in the coming days.

The industrial sector, which includes mining, manufacturing, agriculture and construction, accounts for the highest energy consumption among any end user. Therefore, this is likely to increase demand for diesel gensets due to the increasing need for uninterrupted power supply from these sectors, particularly institutions in health care delivery, pharmaceuticals industry and factories.

July 2022 Cummins Inc. launched a new 1MW twinpack rental generator, the C1000D6RE, which offers a competitive rental power solution for a diverse range of applications throughout North America. The C1000D6RE is a twinpack that combines two 500kW, 15L Cummins generators into a 40ft power unit with aftertreatment. As a result, the C1000D6RE can deliver dependable, high output performance and still comply with Tier 4 final emissions regulation. The generator is capable of masterless load demand and can be used in parallel with other rental power solutions.

March 2022 Mitsubishi Heavy Industries launched a new MGS-R Series of diesel generator sets. The new series, which was created to meet the expanding demands of the digital economy and is primarily aimed at data centers in Asian and Middle Eastern markets, also provides a dependable backup power solution for commercial facilities like office buildings and shopping centers.

October 2021 Generac, a leading manufacturer of mobile light towers, generators, heaters, pumps, and dust suppression solutions, launched two large new diesel units – the MDE330 and MDE570 diesel mobile generators, which are aimed at providing ease of operation and maintenance. The rental-ready machines feature wide-opening removable doors to maximize serviceability by allowing the technician to reach all service points more easily. The rugged steel design and construction allow for operation for a variety of applications, regardless of weather conditions.

October 2020 Aggreko launched its Tier 4 Final-compliant generators, a lower-emission fleet of solutions ranging from 25 kW to 1200 kW. Tier 4 Final generators are intended to meet the Environmental Protection Agency's stricter emissions regulations in the United States and Canada. To remove harmful pollutants, all units in the fleet use a variety of advanced exhaust treatment processes. These systems achieve a 98% reduction in particulate volume and a 96% reduction in NOx emissions when compared to traditional generators.

Future Outlook

Diesel Genset Market Future Outlook

<p>The Diesel Genset Market is projected to grow at a 6.5% CAGR from 2024 to 2035, driven by increasing energy demands, industrial growth, and technological advancements.</p>

New opportunities lie in:

  • <p>Expansion into renewable hybrid systems for enhanced efficiency.</p>
  • <p>Development of smart monitoring solutions for predictive maintenance.</p>
  • <p>Targeting emerging markets with tailored financing options for genset purchases.</p>

<p>By 2035, the Diesel Genset Market is expected to solidify its position as a key player in global energy solutions.</p>

Market Segmentation

Diesel Genset Market End Use Outlook

  • Industrial
  • Commercial
  • Residential
  • Telecommunications
  • Construction

Diesel Genset Market Fuel Type Outlook

  • Diesel
  • Biodiesel
  • Natural Gas
  • Dual Fuel
  • HFO

Diesel Genset Market Application Outlook

  • Standby Power
  • Prime Power
  • Continuous Power
  • Peak Shaving
  • Remote Power

Diesel Genset Market Power Rating Outlook

  • Below 100 kVA
  • 100 kVA to 500 kVA
  • 500 kVA to 1000 kVA
  • Above 1000 kVA

Diesel Genset Market Cooling System Outlook

  • Air Cooled
  • Water Cooled
  • Radiator Cooled
  • Heat Exchanger Cooled

Report Scope

MARKET SIZE 2024 18.88(USD Million)
MARKET SIZE 2025 20.11(USD Million)
MARKET SIZE 2035 37.75(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 6.5% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Caterpillar Inc (US), Cummins Inc (US), Kohler Co (US), MTU Onsite Energy (DE), Perkins Engines Company Limited (GB), Wärtsilä Corporation (FI), Generac Holdings Inc (US), Atlas Copco AB (SE)
Segments Covered Application, End Use, Fuel Type, Power Rating, Cooling System
Key Market Opportunities Integration of renewable energy sources with Diesel Genset systems for enhanced efficiency and sustainability.
Key Market Dynamics Rising demand for efficient power solutions drives innovation and competition in the diesel genset market.
Countries Covered North America, Europe, APAC, South America, MEA

FAQs

How much is the Diesel Genset Market?

The size of the Diesel Genset Market size was estimated at US$ 16.65 Bn in 2022

What is the growth rate of the Diesel Genset Market?

The global market for Diesel Genset is expected to expand at a CAGR of 6.5% during the forecast period 2024-2030.

Which region held the largest market share in the Diesel Genset Market?

Asia Pacific held the largest market share in the Diesel Genset Market

Who are the key players in the Diesel Genset Market?

Key players in the Diesel Genset Market are: Cummins Inc. (US), Aggreko Ltd (UK), SDMO (France), PRAMAC (Italy), Generac Holdings Inc. (US), HIMOINSA (Spain), Caterpillar (US), Atlas Copco (Sweden), Doosan Corp (South Korea) and AB Volvo (Sweden)

Which Power Capacity led the Diesel Genset Market?

5 kVA–75 kVA Power Capacity led the Diesel Genset Market

Which Application had the largest market share in the Diesel Genset Market?

Industrial Application had the largest market share in the Diesel Genset Market

  1. EXECUTIVE SUMMARY
    1. MARKET ATTRACTIVENESS ANALYSIS
      1. GLOBAL DIESEL GENSET MARKET, BY PORTABILITY
      2. GLOBAL DIESEL GENSET MARKET, BY APPLICATION
      3. GLOBAL DIESEL GENSET MARKET, BY POWER RATING
      4. GLOBAL DIESEL GENSET MARKET, BY END USE
      5. GLOBAL DIESEL GENSET MARKET, BY REGION
  2. MARKET INTRODUCTION
    1. DEFINITIONS
    2. SCOPE OF THE STUDY
    3. RESEARCH OBJECTIVE
    4. MARKET STRUCTURE
    5. KEY BUYING CRITERIA
  3. RESEARCH METHODOLOGY
    1. RESEARCH PROCESS
    2. PRIMARY RESEARCH
    3. SECONDARY RESEARCH
    4. MARKET SIZE ESTIMATION
    5. FORECAST MODEL
    6. LIST OF ASSUMPTIONS
  4. MARKET INSIGHTS
  5. MARKET DYNAMICS
    1. INTRODUCTION
    2. DRIVERS
      1. GROWING DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY
      2. INCREASING NUMBER OF POWER OUTAGES
    3. RESTRAINTS
      1. ADOPTION OF GAS-POWERED GENSETS
    4. OPPORTUNITIES
      1. ELECTRIFICATION OF UNELECTRIFIED AREAS IN DEVELOPING COUNTRIES
  6. MARKET FACTOR ANALYSIS
    1. SUPPLY CHAIN ANALYSIS
      1. RAW MATERIAL & COMPONENT SUPPLY
      2. MANUFACTURE & ASSEMBLY
      3. SALES & DISTRIBUTION39
      4. END USE
      5. AFTERSALES
    2. PORTER’S FIVE FORCES MODEL
      1. THREAT OF NEW ENTRANTS
      2. BARGAINING POWER OF SUPPLIERS
      3. BARGAINING POWER OF BUYERS
      4. THREAT OF SUBSTITUTES
      5. RIVALRY
  7. GLOBAL DIESEL GENSET MARKET, BY PORTABILITY
    1. OVERVIEW
    2. STATIONARY
    3. PORTABLE
  8. GLOBAL DIESEL GENSET MARKET, BY POWER RATING
    1. OVERVIEW
    2. UP TO 100 KVA
    3. 100 KVA–350 KVA
    4. 350 KVA–1,000 KVA
    5. ABOVE 1,000 KVA
  9. GLOBAL DIESEL GENSET MARKET, BY APPLICATION
    1. OVERVIEW
    2. STANDBY POWER
    3. PEAK SHAVING
    4. CONTINUOUS
  10. GLOBAL DIESEL GENSET MARKET, BY END-USE
    1. OVERVIEW
    2. INDUSTRIAL
      1. MARINE
      2. LAND
    3. COMMERCIAL
    4. RESIDENTIAL
  11. GLOBAL DIESEL GENSET MARKET, BY REGION53
    1. OVERVIEW
    2. NORTH AMERICA
      1. US
      2. CANADA
      3. MEXICO
    3. EUROPE
      1. UK
      2. RUSSIA
      3. GERMANY
      4. FRANCE
      5. ITALY
      6. REST OF EUROPE
    4. ASIA-PACIFIC
      1. CHINA
      2. INDIA
      3. JAPAN
      4. SOUTH KOREA
      5. REST OF ASIA-PACIFIC
    5. MIDDLE EAST & AFRICA
      1. SAUDI ARABIA
      2. UAE
      3. SOUTH AFRICA
      4. ALGERIA
      5. NIGERIA96
      6. REST OF MIDDLE EAST & AFRICA
    6. SOUTH AMERICA
      1. BRAZIL
      2. ARGENTINA
      3. REST OF SOUTH AMERICA
  12. COMPETITIVE LANDSCAPE
    1. COMPETITIVE OVERVIEW
    2. COMPETITIVE BENCHMARKING
    3. MARKET SHARE ANALYSIS
  13. COMPANY PROFILES
    1. CUMMINS INC.
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    2. CATERPILLAR
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    3. MITSUBISHI HEAVY INDUSTRIES, LTD
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    4. WÄRTSILÄ127
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    5. KOHLER CO.
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    6. ROLLS-ROYCE PLC
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
      5. SWOT ANALYSIS
      6. KEY STRATEGIES
    7. KIRLOSKAR ELECTRIC COMPANY
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    8. YANMAR CO LTD
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    9. ATLAS COPCO AB
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    10. JS POWER
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    11. GENERAC POWER SYSTEMS, INC.
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    12. GENERAL ELECTRIC
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    13. ASHOK LEYLAND
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    14. SUTTON POWER ENGINEERING
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS
    15. DENYO CO. LTD.
      1. COMPANY OVERVIEW
      2. FINANCIAL OVERVIEW
      3. PRODUCTS OFFERED
      4. KEY DEVELOPMENTS

Diesel Genset Market Segmentation

Diesel Genset Market Power Capacity Outlook (USD Million/Tons, 2019-2030)

  • 5kVA-75kVA
  • 76kVA-375kVA
  • 376kVA-750kVA
  • 750kVA-1MW

Diesel Genset Market Application Outlook (USD Million/Tons, 2019-2030)

  • Commercial
  • Residential
  • Industrial

Diesel Genset Market Regional Outlook (USD Million/Tons, 2019-2030)

  • North America Outlook (USD Million/Tons, 2019-2030)

    • North America Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • North America Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • US Outlook (USD Million/Tons, 2019-2030)

    • US Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • US Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Canada Outlook (USD Million/Tons, 2019-2030)

    • Canada Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Canada Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

  • Europe Outlook (USD Million/Tons, 2019-2030)

    • Europe Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Europe Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Germany Outlook (USD Million/Tons, 2019-2030)

    • Germany Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Germany Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • France Outlook (USD Million/Tons, 2019-2030)

    • France Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • France Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • UK Outlook (USD Million/Tons, 2019-2030)

    • UK Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • UK Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • ITALY Outlook (USD Million/Tons, 2019-2030)

    • Italy Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Italy Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial
      •  

    • Spain Outlook (USD Million/Tons, 2019-2030)

    • Spain Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Spain Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Rest Of Europe Outlook (USD Million/Tons, 2019-2030)

    • Rest Of Europe Diesel Genset Market by Power Capacity

      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Rest of Europe Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

  • Asia-Pacific Outlook (USD Million/Tons, 2019-2030)

    • Asia-Pacific Diesel Genset Market by Power Capacity

      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Asia-Pacific Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • China Outlook (USD Million/Tons, 2019-2030)

    • China Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • China Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Japan Outlook (USD Million/Tons, 2019-2030)

    • Japan Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Japan Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

 

    • India Outlook (USD Million/Tons, 2019-2030)

    • India Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • India Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Australia Outlook (USD Million/Tons, 2019-2030)

    • Australia Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Australia Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Rest of Asia-Pacific Outlook (USD Million/Tons, 2019-2030)

    • Rest of Asia-Pacific Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Rest of Asia-Pacific Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

  • Middle East & Africa Outlook (USD Million/Tons, 2019-2030)

    • Middle East & Africa Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Middle East & Africa Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

 

    • Saudi Arabia Outlook (USD Million/Tons, 2019-2030)

    • Saudi Arabia Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Saudi Arabia Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • UAE Outlook (USD Million/Tons, 2019-2030)

    • UAE Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • UAE Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • South Africa Outlook (USD Million/Tons, 2019-2030)

    • South Africa Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • South Africa Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Rest of Middle East & Africa Outlook (USD Million/Tons, 2019-2030)

    • Rest of Middle East & Africa Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Rest of Middle East & Africa Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

  • South America Outlook (USD Million/Tons, 2019-2030)

    • South America Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • South America Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Brazil Outlook (USD Million/Tons, 2019-2030)

    • Brazil Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Brazil Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Argentina Outlook (USD Million/Tons, 2019-2030)

    • Argentina Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Argentina Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial

    • Rest of South America Outlook (USD Million/Tons, 2019-2030)

    • Rest of South America Diesel Genset Market by Power Capacity
      • 5kVA-75kVA
      • 76kVA-375kVA
      • 376kVA-750kVA
      • 750kVA-1MW
    • Rest of South America Diesel Genset Market by Application
      • Commercial
      • Residential
      • Industrial
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