The global High-Power diesel gensets market size was valued at USD 4.19 billion in 2017. The market is primarily driven by industries which demands consistent and high backup power or stand by power set ups. The growing establishment of large scale data centers is a major driving factor High-Power diesel gensets market.
Diesel generators are an alternative options, dependable source of providing power, which are often used by business and home. These generators produce electricity by using a diesel engine and an alternator. They are available in different configurations, which is used in different applications. Moreover, diesel generator offer an unceasing stream of voltage power without the peaks and dips of other devices, thus helping to regulate fluctuation. These generators are designed looking at the continual requirement and also includes fewer moving components.
In 2017, IT/ITES held the major share in the global High-Power diesel genset market. Increasing demand for strong data backup, maximum reliability and quick start up times has led the adoption of High-Power diesel gensets specifically in the data centers. Similarly, the growing number of data centers in other industries such as BFSI, retail and entertainment will be propelling the demand for High-Power diesel gensets specifically for backup power applications.
The High-Power diesel gensets Market is expected to reach USD 30.65 Billion during the forecast period at a 7.57% CAGR.
Asia Pacific dominated the global diesel generator market size in 2017. Increasing per capita income of the emerging economies like China and India is enhancing the region’s growth. Furthermore, swiftly escalating manufacturing and industrial sector due to increasing consumer demand is also estimated to drive the regional High-Power diesel genset market growth over the foreseeable years.
Moreover, in Asia Pacific, the demand for High-Power diesel generator sets are high for electricity stand by as this region has a moderately developed power infrastructure and power grids in many countries. The local vendors in the region are also launching new products to address High-Power requirement in the region. For instance, In December 2018, Mahindra Powerol (India) launched new set of diesel generators with capacity of 320 KVA and 250 KVA respectively. These new generators are specifically targeted at the lucrative market of North Eastern India.
The global High-Power diesel gensets market is highly fragmented. Major players include Cummins, CAT Perkins, MTU, KOEL, Greaves Cotton, Volvo Penta, MTU, KOHLER-SDMO, Atlas Copco and Aggreko among others.
High-Power diesel gensets Market Scope
Metrics | Details |
Base Year | 2020 |
Historic Data | 2018-2019 |
Forecast Period | 2021-2028 |
Study Period | 2018-2028 |
Forecast Unit | Value (USD) |
Revenue forecast in 2028 | USD 30.65 Billion |
Growth Rate | CAGR of 7.57 % during 2021-2028 |
Segment Covered | By Probability, Power Rating, Application, End-Use, Regions |
Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
Key Players Profiled | Atlas Copoco AB, Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Honda Siel Power Products Ltd, Briggs & Stratton Corporation, AKSA Power Generation |
Key segments of the global High-Power diesel gensets market
Capacity Overview, 2015-2025 (USD million)
- 350 – 750 KVA
- 750 – 3500 KVA
- > 3500 KVA
Application Overview, 2015-2025 (USD million)
- Industrial
- IT & ITES
- Hospitality
- Healthcare
- Real Estate
- Infrastructure
- Others
Regional Overview, 2015-2025 (USD million)
- North America
- U.S.
- Mexico
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- South America
- Brazil
- Columbia
- Venezuela
- Middle East & Africa
- Saudi Arabia
- UAE
- Turkey
- South Africa
- Nigeria
- Rest of Middle East & Africa