Diesel Generators Market worth $16.96 Billion by 2020 Diesel Generators Market worth $16.96 Bn by 2020

Diesel Generators Market worth $16.96 Billion by 2020
The diesel generators market is expected to grow from an estimated USD 13.06 Billion in 2015 to USD 16.96
Billion by 2020, at a CAGR of 5.4% from 2015 to 2020. Diesel generators are widely used across different
industries such as utilities, oil & gas, marine, mining, healthcare, and telecom among others. They provide
continuous power supply during power outages as well as at locations where grid infrastructure is not available.
The diesel generator, a combination of diesel engine with electrical generator, is a reliable power supply device.
It is used for generating electricity to provide continuous power supply during power interruptions. It is mostly
used as a standby device during power outages or at places with no connection to a power grid. Factors driving
the diesel generators market include increasing need for uninterrupted & reliable power supply and increasing
number of power outages.
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The report also segments the diesel generators market on the basis of end-user, which includes industrial (power
generation/utilities, oil & gas, and others), commercial (IT & telecom, healthcare, and others), and residential.
The industrial segment is one of largest users of diesel generators and occupies more than 50% of the total
market share in the end-user segment of the diesel generators market. This market is expected to grow at the
highest CAGR during the forecast period, owing to chronic power outages and rapid growth of industries,
infrastructure, and IT & telecommunication industry across the world.
Asia-Pacific is estimated to be the global leader in the diesel generator market
In this report, the diesel generators market has been analysed with respect to five regions, namely, North
America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is the leading
market owing to chronic power outages and need for continuous power by the growing industrial and
commercial sectors. Poor grid infrastructure and rising power demand in countries such as India and China are
driving the diesel generators market in the region. The Middle East & Africa market is expected to grow at the
second highest CAGR during the forecast period. The European and North American markets are expected to
have slow growth rates during the forecast period due to economic slowdown. Rising demand for power unmet
by existing grid infrastructure in Asia-Pacific results in frequent power outages. As a result, growing
industrialization and frequent power outages are driving the demand for diesel generators in this region. The
diesel generators market in India is expected to grow at the highest CAGR, owing to growing IT, datacentre,
telecom, and ongoing infrastructure development programs in the country.
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Some of the leading players in the diesel generators market include Caterpillar Inc. (U.S.), Cummins Inc.
(U.S.), Generac Holdings Inc. (U.S.), Kohler Co. (U.S.), MTU Onsite Energy (Germany), and Mitsubishi Heavy
Industries Ltd. (Japan).
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