The global diesel generator market revenue is expected to expand at a moderate CAGR over the forecast period. Unreliable grid power supply, poor power infrastructure, and increasing power outages are the major factors driving growth of the global diesel generator market over the forecast period.
However, technological advancements in renewable energy and high maintenance cost of diesel generator are the major factors expected to hamper growth of the target market in the near future.
The global diesel generator market report has been segmented on the basis of product, end-use, and region. On the basis of product, the target market is segmented into low power generators, medium power generators, and high power generators. The low power generators product segment is expected to register significant share in terms of revenue over the forecast period. On the basis of end-use, the target market is segmented into residential, commercial, and industrial. The commercial end-use segment is expected to register significant share in terms of revenue over the forecast period.
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Based on the region the diesel generator market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to increasing demand and adoption of diesel generators, especially form residential sector in various countries in the region. The market in North America followed by Europe is estimated to be significant share in terms of revenue over the forecast period, owing to advanced products development and rapidly growing industrialization in various countries in this region.
Key players operating in the global diesel generator market include Mitsubishi Heavy Industries, Ltd., Atlas Copco AB, Wacker Neuson SE, Burtonwood Generator & Switchgear Services Ltd., APR Energy, LLC., Caterpillar Inc., Cummins Power Systems, LLC., Generac Power Systems, Inc., Kohler Co., Inc., and APR Energy, LLC.