Global Diesel Generator Market Thrives, Predicted to Reach $35.25 Billion by 2027 - By The Business Research Company

News provided by

Sep 18, 2023, 10:31 ET

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON , Sept. 18, 2023 /PRNewswire/ -- As per The Business Research Company's Diesel Generator Global Market Report 2023, the global diesel generator market has experienced robust growth, with the market size surging from $18.82 billion in 2022 to $21.07 billion in 2023, marking an impressive compound annual growth rate (CAGR) of 11.9%. Projections indicate that the diesel generator market will continue its upward trajectory, reaching a projected value of $35.25 billion by 2027, propelled by a CAGR of 13.7%. Key factors driving this surge include the expanding construction industry, the thriving growth of the manufacturing sector, and the ongoing remote work revolution.

Driving Factors for Market Growth

Expanding Construction Industry: The construction sector's growth, driven by infrastructure projects worldwide, fuels the demand for reliable backup power solutions, enhancing the diesel generator market's prospects.
Thriving Manufacturing Industry: The manufacturing sector's vitality necessitates uninterrupted power supply, driving the adoption of diesel generators across industrial facilities.
Remote Work Revolution: The shift toward remote work arrangements increases the need for backup power solutions, as businesses prioritize uninterrupted operations.

Learn More On The Diesel Generator Market Report – https://www.thebusinessresearchcompany.com/report/diesel-generator-global-market-report

Digital Technologies Transforming the Market

Digital technologies have played a pivotal role in reshaping the diesel generator market. Manufacturers are channeling investments into research and development to create sophisticated diesel generators equipped with advanced technologies, including remote monitoring, predictive maintenance, and data analytics. These innovations optimize fuel efficiency and enhance overall performance.

For instance, in October 2021, Generac Mobile Products Srl, a Germany-based mobile power solutions and equipment provider, introduced the MDE330 and MDE570 diesel generators. These models prioritize user-friendliness and maintenance ease. The MDE330 features a 9.3L Perkins Tier 4 Final-certified engine, while the MDE570 boasts an 18.1L Perkins Tier 4 Final-certified engine. Both models integrate Perkins Exhaust Temperature Management (ETM) load management technology to prevent wet stacking, ensuring efficient and reliable operation. Accessible removable doors simplify servicing, and robust steel construction enables versatility across applications and weather conditions.

Asia Pacific Takes the Lead

Asia Pacific emerged as the largest region in the diesel generator market, accounting for 41.7% of the total market share in 2022. It was followed by Western Europe and other regions. Looking ahead, Asia Pacific and South America are expected to be the fastest-growing regions in the diesel generator market.

Request A Free Sample Of The Diesel Generator Market Report – https://www.thebusinessresearchcompany.com/sample.aspx?id=6794&type=smp

Market Segmentation

The global diesel generator market is segmented along several key dimensions:

Type:

Small Diesel Generator
Medium Diesel Generator
Large Diesel Generator

Mobility:

Stationary
Portable

Power Rating:

Below 75kVA
75-375kVA
375-750kVA
Above 750kVA

Application:

Standby Backup Power
Peak Shaving
Other Applications

End-User:

Industrial
Commercial
Residential

Among these segments, the small diesel generator segment is poised for significant growth, with projected annual sales reaching $3,029.8 million by 2027.

In summary, the Diesel Generator Global Market Report 2023 provides a comprehensive outlook on a thriving industry. With insights into market trends and growth drivers, this report equips industry players with invaluable information to make informed decisions and harness the vast opportunities within the diesel generator market. It serves as a strategic tool, enabling businesses to navigate the dynamic diesel generator market, enhance their competitive edge, and contribute to the continued success of this vital sector.

View More Similar Market Reports:

Power Generators Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/power-generators-global-market-report

Electric Generators Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/electric-generators-global-market-report

Hydrogen Generators Global Market Report 2023 https://www.thebusinessresearchcompany.com/report/hydrogen-generators-global-market-report

Interested to know more about The Business Research Company?

The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

The World's Most Comprehensive Database

The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 58 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users make better strategic decisions.

Contact Information

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model