Global Diesel Generator with $18.5 Billion Valuation, Anticipates 10.25% CAGR Surge through 2023-28

MarkNtel Advisors has published a research report, according to which, The Global Diesel Generator Market was valued at 18.5 billion in 2022 and is anticipated to witness growth at a CAGR of around 10.25% during the forecast period, i.e., 2023-28. The report has accredited this growth to the wide recognition of Diesel generators as robust and reliable, facilitating a stable and continuous power supply for critical applications.

This may be why the demand for DGs has been rising across sectors like hospitals, data centers, and industrial facilities, where power interruptions can have severe consequences. Likewise, Small-scale and large-scale power requirements are likely to be sufficed by the high power output range offered by Digital generators.

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Our report aims to provide valuable insights and assistance to clients in navigating the Global Diesel Generator Market, addressing key concerns pertinent to this industry. Clients seek to anticipate trends, comprehend market opinions, identify strategic investment hubs, and evaluate potential business partners in this dynamic market. Our comprehensive approach aims to help them make informed decisions and thrive in this evolving landscape.

Global Diesel Generator Market Segments

The Diesel Generator market analysis is segmented into various branches and further sub-segments for a comprehensive analysis, ultimately aiming to provide stakeholders with highly valuable insights. The market is segmented as follows:

• By Application (Peak Shaving, Standby Power, Base Load/Continuous Power)
• By End User (Government & Utilities, Oil, Gas and Mining, Construction, Telecommunication, Manufacturing, and Others)
• By Power Rating (Upto 30 KW, 30-60 KW, 60-150 KW, 150-300KW, 300-500KW, 500-1000KW, and Above 1000 KW)
• By Region (North America, South America, Europe, Middle East, Africa, and Asia- Pacific)
• By Country (US, Canada, Mexico, Brazil, Argentina, Colombia, UK, Russia, Germany, Italy, France, Saudi-Arabia, UAE, Oman, Algeria, Nigeria, Libya, South Africa, China, India, Japan, Indonesia)

The Prime and Continuous Power Sectors dominate the market with a substantial market share. This owes primarily to the increasing need for dependable power sources in remote areas. Continuous or prime generators are extensively favored to address the rising electricity requirements in offshore or isolated settings, including construction sites, ships, mining operations, and oil and gas facilities. Moreover, these generators are increasingly deployed in locations with inadequate grid infrastructure, contributing to the growing demand for Diesel generators.

The Asia-Pacific (APAC) region is all set to lead the market, with China, India, and Southeast Asia taking the charge. This can be attributed to surging electricity demand worldwide, and these countries alone account for a substantial portion of the global burden. This surge in electricity consumption demand across the region is said to be the prime factor fostering market growth.

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Identifying and Evaluating Business Partners in the Diesel Generator Industry

The prominent players profiled in the Global Diesel Generator Market research report are Caterpiller Inc., APR Energy, Atlas Copco AB, Kirloskar Electric, Cummins Inc., Kohler Co., Agreeko PLC., Generac Power Holdings, Inc., Burtonwood Generator & Switchgear services Ltd., Mitsubishi Heavy Industries.

In February 2023, Caterpillar introduced the Cat XQ330 mobile DG set, an advanced power solution designed to comply with the U.S. EPA Tier 4 Final emission standards. This cutting-edge generator set provides a dependable and efficient power option for both standby and prime power applications. In 2022, Cummins launched the C1000D6RE, a 1MW twin-pack rental diesel generator featuring a QSX15 engine. With this release, the company aims to address EPA targets without the need for a Diesel Particulate Filter. We, at MarkNtel assist clients in identifying and evaluating potential business partners effectively. Our research and observations provide valuable insights into the reputability, reliability, and capabilities of prospective partners.

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