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(IT-NEWSWIRE.COM, September 03, 2019 ) The global diesel generator market is valued at $17.39 Billion in 2018 and is expected to grow at a CAGR of 5.34% over the forecast period to reach a $XX Billion by 2026. In 2018, Diesel generators are holding approximately 80% market share of total generators market value.
Market Dynamics
The rise in demand for diesel generators in end-use sectors and occurrences of power grid failure and energy deficiency are the key drivers for the market growth globally.
The growing rate of urbanization and shift in consumer spending pattern towards integrated consumer electronic goods have resulted in frequent power grid failure and shortage in supply of electricity for critical and emergency applications in hospitals, communication services, and emergency call centers.
The threat of substitution from battery storage systems is the major restraint that hindering the growth of the market.
Segmentation Analysis
Based on portability, the global market for diesel generators is segmented as portable and stationary. On the basis of power rating, the market is categorized into 0-100 kVA, 101-350 kVA, 350-1000 kVA and Above 1000 kVA.
Depending on end-user, the market is classified into residential, commercial and infrastructure. The Residential Diesel Generator market is valued at $XX Billion in 2018 and is estimated to grow at a CAGR of XX% over the forecast period to reach a US$ XX Billion by 2026. The rapid global rate of urbanization and increasing consumer spending power have shifted the market dynamics in favor of diesel generators, as awareness concerning enhanced performance while ensuring low operational costs are poised to ensure rising product demand during the forecast period.
On the basis of operations, the market is divided into standby power, peak savings and continuous power. The standby power diesel generator market is valued at $XX Billion in 2018 and is estimated to grow at a CAGR of XX% over the forecast period to reach a US$ XX Billion by 2026.
Diesel Generator Market Geographical Share
The global diesel generator market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The Asia Pacific diesel generator market is valued at US$ 4.61 Billion in 2018 and is estimated to grow at a CAGR of XX% over the forecast period to reach a US$ XX Billion by 2026. China held XX% of the Asia-Pacific diesel generator market share in 2018 and is expected to increase by XX% by 2026, followed by India at XX% of the Asia Pacific market share in 2018.
The Europe diesel generator market is valued at $XX Billion in 2018 and is estimated to grow at a CAGR of XX% over the forecast period to reach a US$ XX Billion by 2026. Germany held XX% of the Europe diesel generator market in 2018 and is expected to increase by XX% by 2026. Europe, especially Western Europe, is a mature market for stationary diesel generators.
Competitive Landscape
The global diesel generator market is highly competitive, with the presence of key market players boasting of an extended global distribution network on a large scale. As such, it is vital for companies to launch new products in an attempt to capture substantial market share, strengthening global business position in the process.
On February 08, 2019, Kirloskar Oil Engine Ltd introduced its latest product range of technologically advanced intelligent DG (diesel generators) in Delhi. The range is called the i-Green series.
For Download Free Diesel Generator Market Report Sample:
https://www.datamintelligence.com/download-sample/diesel-generator-market
For full Report Summary:
https://www.datamintelligence.com/research-report/diesel-generator-market
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Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
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