Diesel Gensets Market 2021 | Growth Share, Industry Dynamics, Top Trends and Regional Analysis

According to Global Market Insights, Inc. report, diesel gensets market is projected to register the installation of more than 2 million units through 2026,

Global diesel gensets market is set to gain major momentum in the ensuing years considering the extensive demand for uninterrupted power supply and the increasing significance of combating electricity outages. Besides, increasing emphasis laid on emergency preparation in commercial spaces is also expanding the application spectrum of diesel generators. In addition to this, increasing consumer awareness regarding environmental sustainability coupled with stringent regulatory scenarios regarding carbon emissions will further favor business growth

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Pages: 455
Tables: 631
Charts / Figures: 63
Companies covered: 20
Countries covered: 28

Another growth inducing factor for the industry is the massive expansion of data centers, rising infrastructure investments and lower diesel prices. Speaking on similar lines, Cummins had in one of its articles regarding diesel engines, mentioned some of the crucial advantages offered by its diesel generator for data centers including higher reliability provided through efficient Data Centre Continuous (DCC) ratings. Apparently, this feature has helped the company strengthen its foothold in the niche but premium markets where reliable back-up power is critical. 

Given the prominence of below mentioned trends: 
Strategic initiatives by major industry players

Prominent industry players operating in diesel gensets market such as Cummins, Caterpillar, Kirloskar and Yamaha are inclined on implementing several strategic initiatives such as new product development, mergers, acquisitions and geographical expansions to gain a strong market presence. 

For instance, Caterpillar Inc., had in 2018 announced the launch of its Dynamic Gas Blending™ factory-installed diesel generator sets with dual-fuel technology. According to the company, this system enables Cat® diesel engines to burn the mixture of natural gas and diesel, in many cases reducing fuel costs by $100/eMW per hour of generator set operation while maintaining the performance of diesel engine. Apparently, this product launch helped the company expand its product portfolio and strengthen its market position across overall industry.

Heightened industrial application of diesel gensets
Industrial diesel gensets segment is likely to foresee remarkable growth in the following years owing to numerous benefits of diesel generators such as lower maintenance, ease of installation along with lower up-front cost. Besides, inadequate power supply and increasing need for reliable and uninterrupted power supply will fuel the product demand further. Additionally, ongoing digitization in conjunction with expanding Oil & Gas and mining industry is projected to foster the product demand. Further, increasing research activities and expenditure aimed at limiting environmental impact of these systems will enhance the segment outlook over the forthcoming years.

Burgeoning demand for diesel gensets with power rating <75 kVA
Diesel gensets with power rating <75 kVA is estimated to register substantial gains over the subsequent years considering the increasing dependency of businesses on digitization and IT followed by elevating demand for uninterrupted power supply. Further, increasing frequency and severity of weather-related calamities such as floods, hurricanes, windstorms, tsunamis and earthquakes which annihilate the electricity infrastructure causing outages will positively influence the product adoption. Moreover, strict environmental and emission regulations such as proposed initiation of the EU (Stage V) parameters will complement the segment growth significantly.

Growing data centers across Asia Pacific
Asia Pacific diesel gensets market is anticipated to observe a remarkable CAGR of 6% through 2026 owing to increasing investments for the development of data centers along with rising costs associated with their downtimes. Besides, growing consumer awareness related to environmental sustainability coupled with stringent and rigorous norms pertaining to emission in the region will positively influence the business growth in the coming years. Besides, robust growth of data centers, increasing infrastructure investments and low diesel prices on account of declining oil prices in the region are some of the key factors supporting the product demand.

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