Diesel Genset Market

Industry Overview

The Global Diesel Genset Market Size is expected to reach USD 35.67 billion by 2030 from USD 19.56 billion in 2023, thereby registering a 7% CAGR during the forecast period. A generator set or genset is a cost-effective device that transforms mechanical energy into electrical power for several electrical applications and is highly efficient and reliable. A generator set is made up of a motor and an alternator that is connected and fixed onto a base along with other components.  Batteries, fuel tanks, control panels, and automatic transfer switches are among the other main parts of a generator set. Gensets are mostly employed as backup equipment for power outages in the construction site, grid, and industry. A genset has several benefits that make it a popular option for several applications which include utility paralleling switchgear that allows for automatic or manual operation, automatic operation that may be started locally or remotely utilizing SCADA system, and automatic load management system and voltage support in utility mode.

Market Segmentation
Insight by Power Requirement

Based on Power Requirements, the global diesel genset market is bifurcated into Prime Power and Backup Power. Backup power is anticipated to grow at a faster pace during the forecast period as gensets are extensively deployed to provide backup electricity at individual units, manufacturing facilities, data centers, housing societies, retail shops, telecom towers, and hospitality firms. The demand for backup power is expected to increase further as a result of the expanding industrial and construction industries.

Insight by Mobility

Based on Mobility, the global diesel Genset market is bifurcated into Stationary and Portable. The stationary gensets are anticipated to contribute the largest share during the forecast period owing to the increased demand for diesel gensets in the manufacturing sector of several emerging nations like India, Indonesia, China, and Brazil. Furthermore, rapid urbanization will lead to increased demand for stationary gensets to meet the rising need for electricity in the future. 

Insight by Power Rating

Based on Power Rating, the global diesel genset market is segregated into 7–14 kVA, 15–24 kVA, 25–44 kVA, 45–69 kVA, 70–99 kVA, 100–149 kVA, 150–199 kVA, 200–299 kVA, 300–399 kVA, 400–499 kVA, 500 kVA and Above. The 7-14 kVA power rating is anticipated to have a high CAGR during the forecast period. Diesel generators with a power rating of 7 to 14 kVA are frequently utilized for residential lighting due to their affordability. Furthermore, the use of these systems is rapidly expanding in rural and urban residential areas.

Insight by Application

Based on Application, the global diesel genset market is fragmented into Commercial, Industrial, and Residential. Commercial users include Retail establishments, Commercial offices, Telecom Towers, Hospitals, and Hotels. Industrial user includes Manufacturing Energy and power. The commercial segment dominates the global diesel genset market owing to rapid industrialization and the flourishing construction sector that comprises greenfield and brownfield infrastructural projects that will propel the industry development of diesel gensets. For backup and primary power supply, generator sets are extensively deployed in offices, malls, retail stores, and many other commercial places. Furthermore, the need for gensets in the commercial sector will continue to rise due to increased private infrastructure spending and government-led smart city initiatives.

Global Diesel Genset Market Report Coverage

Industry Dynamics
Growth Drivers

Factors attributing to the market growth of the global diesel genset market include a surge in market demand for stationary and emergency power backup among several industry verticals such as healthcare, construction, marine, manufacturing, telecom, oil & gas, and automotive.   Additionally, the market will increase as a result of the rapid installation of backup supply systems and the increasing consumer inclination and awareness toward cost-effective and dependable backup power solutions. In addition, the rising demand for electricity globally, and the growing concern for the increasing number of power outages will propel the market demand for reliable power sources like standby generators, thereby accelerating the market expansion of the global diesel genset industry during the forecast period. Increased grid failure brought on by extreme weather will have a favorable effect on the business environment of diesel gensets.

Moreover, rapid digitalization, increased adoption of intelligent personal assistants and autonomous cars, and surge in demand for IoT, digital currencies, and cloud computing will propel the market growth for the diesel genset industry globally as it will provide additional space to store all the digital data being created.  Thus, the rising number of data centers will drive market growth for the diesel genset market. Thus, a few of the main elements propelling demand for diesel generator sets include high fuel availability, low volatility rates, and long lifespans.

Challenges

There is high capital investment and huge installation and maintenance costs for setting up diesel gensets that may pose challenges to the market growth of the diesel genset market. Moreover, shifting focus towards renewable power generation and stringent government regulations towards the emission of greenhouse gases from diesel gensets will also stymie market expansion.

Opportunities

• Surge in market demand for hybrid diesel gensets
• Increased technological advancements in diesel gensets and an increase in the demand for energy from several end-use sectors will provide attractive growth opportunities for the industry players to strengthen their position in the global diesel genset market during the projected timeframe.
• Furthermore, the consumption of oil and gas has increased significantly as a result of its numerous applications in a wide range of industry verticals. Moreover, the effective growth in the exploration of new large hydrocarbon reserves, as well as the exploitation of offshore wells, are expected to meet the demand for diesel generators.

Geographic Overview

• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World (RoW)

Asia-Pacific dominates the diesel genset market due to the increased number of power outages, urbanization, the surge in a number of construction activities, infrastructural development, mounting installation of low-power rating gensets in the telecommunication sector, and rising demand for uninterrupted power from industrial and commercial sectors will propel the market growth in the region. Moreover, the rising need for adequate grid infrastructure will bolster the demand in the region. 

North America is expected to grow at a rapid pace during the forecast period as the region is seeing an increasing number of power outages due to severe weather occurrences like tornadoes and hurricanes, rising demand for standby generators, and mounting investment in the construction industry. Furthermore, many new commercial and residential buildings are being built as a result of an increase in Americans' and Canadians' disposable income. These locations are intended to install generators in significant numbers for backup and primary power supply both during construction and after being leased, thereby driving the market development of the global diesel genset industry.

Competitive Insight

Major players in the diesel genset market have been fairly active, taking various steps to expand their customer reach, develop their brand identity in foreign markets, and ensure aftermarket services for their products.
The industry players operating in the global diesel genset industry are looking for technological advancements owing to operational constraints like noise levels, pollutant emission levels, and the ability to function in extreme environments and climatic circumstances like humidity, sandstorms, and severe environments.
To remain competitive in the global diesel gensets market, manufacturers are providing developed monitoring equipment, control systems, and digital technology. Furthermore, the growing popularity of portable diesel generators for residential applications is expected to boost market growth over the forecast period.
Caterpillar is the prominent generator set manufacturer, with the widest range of specifications available. Cat commercial and industrial diesel generator sets provide reliable, clean, and cost-effective power for prime, continuous, or standby power applications. The core design of the diesel engine components, combined with advances in electronics, air management, and fuel delivery, ensures peak performance even at higher temperatures and altitudes. Every Cat diesel generator set is designed, engineered, and built for maximum performance. All major components are individually tested, and once the generator set is assembled, the entire unit is tested for operation and safety at and above 100% of the rated load.
KOHLER® diesel generators are designed to power a wide range of applications, including hospitals, gas stations, data centers, and airports. And, with their trusted KD Series generators, they can provide massive power up to 4 MW.

Recent Development by Key Players

Caterpillar is expanding its standby diesel generator set series with three 60 Hz power nodes ranging from 20 to 30 kW. According to the company, the units have a small footprint and are suitable for a variety of standby applications such as small healthcare, retail and commercial enterprises, telecommunications, water and wastewater treatment processes, municipal infrastructural facilities, and office spaces.
Cummins Inc. introduced the C1000D6RE, a new 1MW twin-pack rental generator that provides a competitive rental power solution for a wide range of applications across North America. Cummins, a company synonymous with technology, dependability, and service since 1919, will manufacture the new C1000D6RE model in Fridley, Minnesota.

Key Players Covered in the Report

Some of the prominent players in the global diesel genset industry include Cummins Inc. and Caterpillar.Co, Denyo Co., Ltd, ABB, Wärtsilä, Siemens, Kohler Co., PR INDUSTRIAL srl, Generac Power Systems, Inc., and General Electric

The Diesel Genset Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Power Requirement 
  •     Prime Power 
  •     Backup Power
• By Mobility 
  •     Stationary 
  •     Portable
• By Power Rating 
  •     7–14 kVA
  •     15–24 kVA
  •     25–44 kVA
  •     45–69 kVA
  •     70–99 kVA
  •     100–149 kVA
  •     150–199 kVA
  •     200–299 kVA
  •     300–399 kVA
  •     400–499 kVA
  •     500 kVA and Above
• By Application
  •     Commercial
  •     Industrial
  •     Residential

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

 1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                  1.2.1.    By Type
                  1.2.2.    By Screen Size
                  1.2.3.    By End-User
                  1.2.4.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                             1.5.1.1. Primary Research
                             1.5.1.2. Secondary Research
                1.5.2.  Methodology
                           1.5.2.1. Data Exploration
                           1.5.2.2. Forecast Parameters
                           1.5.2.3. Data Validation
                           1.5.2.4. Assumptions
                1.5.3.  Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                  3.1.1.    Market Growth Drivers
                  3.1.2.    Market Restraints
                  3.1.3.    Key Market Trends
                  3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                  3.2.1.    Porter’s Five Forces Analysis
                  3.2.2.    Recent Development Analysis
                  3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                  3.3.1.    Competitive Position of Industry Players
                  3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Power Requirement

                  5.1.1.     Prime Power 
                            5.1.1.1. Market Definition
                            5.1.1.2. Market Estimation and Forecast to 2030
                  5.1.2.    Backup Power
                            5.1.2.1. Market Definition
                            5.1.2.2. Market Estimation and Forecast to 2030                                
         5.2.   By Mobility

                  5.2.1.    Stationary

                               5.2.1.1. Market Definition
                               5.2.1.2. Market Estimation and Forecast to 2030
                  5.2.2.    Portable
                               5.2.2.1. Market Definition
                               5.2.2.2. Market Estimation and Forecast to 2030

         5.3.   By Power Rating

                  5.3.1.    7–14 kVA
                               5.2.1.1. Market Definition
                               5.2.1.2. Market Estimation and Forecast to 2030
                  5.3.2.    15–24 kVA
                               5.2.2.1. Market Definition
                               5.2.2.2. Market Estimation and Forecast to 2030
                  5.3.3.    25–44 kVA
                               5.2.3.1. Market Definition
                               5.2.3.2. Market Estimation and Forecast to 2030
                  5.3.4.    45–69 kVA
                               5.2.3.1. Market Definition
                               5.2.3.2. Market Estimation and Forecast to 2030
                  5.3.5.    70–99 kVA
                               5.2.3.1. Market Definition
                               5.2.3.2. Market Estimation and Forecast to 2030
                  5.3.6.    100–149 kVA
                               5.2.3.1. Market Definition
                               5.2.3.2. Market Estimation and Forecast to 2030
                  5.3.7.    150–199 kVA
                                5.2.3.1. Market Definition
                                5.2.3.2. Market Estimation and Forecast to 2030
                  5.3.8.     200–299 kVA
                                5.2.3.1. Market Definition
                                5.2.3.2. Market Estimation and Forecast to 2030
                  5.3.9.     300–399 kVA
                                 5.2.3.1. Market Definition
                                 5.2.3.2. Market Estimation and Forecast to 2030
                  5.3.10.    400–499 kVA
                                 5.2.3.1. Market Definition
                                 5.2.3.2. Market Estimation and Forecast to 2030
                  5.3.11.    500 kVA and Above
                                 5.2.3.1. Market Definition
                                 5.2.3.2. Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By Type
        6.2.    By Application
        6.3.    By Offering
        6.4.    By Country
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Type
        7.2.    By Application
        7.3.    By Offering
        7.4.    By Country
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    France Market Estimate and Forecast
                7.4.3.    U.K. Market Estimate and Forecast
                7.4.4.    Italy Market Estimate and Forecast
                7.4.5.    Spain Market Estimate and Forecast
                7.4.6.    Russia Market Estimate and Forecast
                7.4.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Type
        8.2.    By Application
        8.3.    By Offering
        8.4.    By Country 
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Type
        9.2.    By Application 
        9.3.    By Offering
        9.4.    By Country
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    Saudi Arabia Market Estimate and Forecast
                9.4.3.    South Africa Market Estimate and Forecast
                9.4.4.    U.A.E. Market Estimate and Forecast
                9.4.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Cummins Inc.
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Caterpillar.Co.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Denyo Co Ltd.
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    ABB.
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Wärtsilä.
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Siemens.
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Kohler Co.
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    PR INDUSTRIAL srl.
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Generac Power Systems Inc.
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    General Electric.
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global Diesel Genset  Market, By Source, 2018-2023 (USD Billion)
Table 5  Global Diesel Genset  Market, By Source, 2025-2030(USD Billion)
Table 6  Global Diesel Genset  Market, By Class, 2018-2023 (USD Billion)
Table 7  Global Diesel Genset  Market, By Class, 2025-2030(USD Billion)
Table 8  Global Diesel Genset  Market, By Application, 2018-2023 (USD Billion)
Table 9  Global Diesel Genset  Market, By Application, 2025-2030(USD Billion)
Table 10 Global Diesel Genset  Market, by Region, 2018-2023 (USD Billion)
Table 11 Global Diesel Genset  Market, by Region, 2025-2030(USD Billion)
Table 12 North America Diesel Genset  Market, By Source, 2018-2023 (USD Billion)
Table 13 North America Diesel Genset  Market, By Source, 2025-2030(USD Billion)
Table 14 North America Diesel Genset  Market, By Class, 2018-2023 (USD Billion)
Table 15 North America Diesel Genset  Market, By Class, 2025-2030(USD Billion)
Table 16 North America Diesel Genset  Market, By Application, 2018-2023 (USD Billion)
Table 17 North America Diesel Genset  Market, By Application, 2025-2030(USD Billion)
Table 18 North America Diesel Genset  Market, by Region, 2018-2023 (USD Billion)
Table 19 North America Diesel Genset  Market, by Region, 2025-2030(USD Billion)
Table 20 Europe Diesel Genset  Market, By Source, 2018-2023 (USD Billion)
Table 21 Europe Diesel Genset  Market, By Source, 2025-2030(USD Billion)
Table 22 Europe Diesel Genset  Market, By Class, 2018-2023 (USD Billion)
Table 23 Europe Diesel Genset  Market, By Class, 2025-2030(USD Billion)
Table 24 Europe Diesel Genset  Market, By Application, 2018-2023 (USD Billion)
Table 25 Europe Diesel Genset  Market, By Application, 2025-2030(USD Billion)
Table 26 Europe Diesel Genset  Market, by Region, 2018-2023 (USD Billion)
Table 27 Europe Diesel Genset  Market, by Region, 2025-2030(USD Billion)
Table 28 Asia-Pacific Diesel Genset  Market, By Source, 2018-2023 (USD Billion)
Table 29 Asia-Pacific Diesel Genset  Market, By Source, 2025-2030(USD Billion)
Table 30 Asia-Pacific Diesel Genset  Market, By Class, 2018-2023 (USD Billion)
Table 31 Asia-Pacific Diesel Genset  Market, By Class, 2025-2030(USD Billion)
Table 32 Asia-Pacific Diesel Genset  Market, By Application, 2018-2023 (USD Billion)
Table 33 Asia-Pacific Diesel Genset  Market, By Application, 2025-2030(USD Billion)
Table 34 Asia-Pacific Diesel Genset  Market, by Region, 2018-2023 (USD Billion)
Table 35 Asia-Pacific Diesel Genset  Market, by Region, 2025-2030(USD Billion)
Table 36 RoW Diesel Genset  Market, By Source, 2018-2023 (USD Billion)
Table 37 RoW Diesel Genset  Market, By Source, 2025-2030(USD Billion)
Table 38 RoW Diesel Genset  Market, By Class, 2018-2023 (USD Billion)
Table 39 RoW Diesel Genset  Market, By Class, 2025-2030(USD Billion)
Table 40 RoW Diesel Genset  Market, By Application, 2018-2023 (USD Billion)
Table 41 RoW Diesel Genset  Market, By Application, 2025-2030(USD Billion)
Table 42 RoW Diesel Genset  Market, by Region, 2018-2023 (USD Billion)
Table 43 RoW Diesel Genset  Market, by Region, 2025-2030(USD Billion)
Table 44 Snapshot – Cummins Inc.
Table 45 Snapshot – Caterpillar.Co
Table 46 Snapshot – Denyo Co Ltd
Table 47 Snapshot – ABB
Table 48 Snapshot – Wärtsilä
Table 49 Snapshot – Siemens.
Table 50 Snapshot – Kohler Co.
Table 51 Snapshot – PR INDUSTRIAL srl
Table 52 Snapshot – Generac Power Systems Inc.
Table 53 Snapshot – General Electric.
 

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Diesel Genset  Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Diesel Genset  Market Highlight
Figure 12 Global Diesel Genset  Market, By Source, 2018 - 2030 (USD Billion)
Figure 13 Global Diesel Genset  Market, By Class, 2018 - 2030 (USD Billion)
Figure 14 Global Diesel Genset  Market, By Application, 2018 - 2030 (USD Billion)
Figure 15 Global Diesel Genset  Market, By Region, 2018 - 2030 (USD Billion)
Figure 16 North America Diesel Genset  Market Highlight
Figure 17 North America Diesel Genset  Market, By Source, 2018 - 2030 (USD Billion)
Figure 18 North America Diesel Genset  Market, By Class, 2018 - 2030 (USD Billion)
Figure 19 North America Diesel Genset  Market, By Application, 2018 - 2030 (USD Billion)
Figure 20 North America Diesel Genset  Market , By Region, 2018 - 2030 (USD Billion)
Figure 21 Europe Diesel Genset  Market Highlight
Figure 22 Europe Diesel Genset  Market, By Source, 2018 - 2030 (USD Billion)
Figure 23 Europe Diesel Genset  Market, By Class, 2018 - 2030 (USD Billion)
Figure 24 Europe Diesel Genset  Market, By Application, 2018 - 2030 (USD Billion)
Figure 25 Europe Diesel Genset  Market, By Region, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Diesel Genset  Market Highlight
Figure 27 Asia-Pacific Diesel Genset  Market, By Source, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific Diesel Genset  Market, By Class, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Diesel Genset  Market, By Application, 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific Diesel Genset  Market, By Region, 2018 - 2030 (USD Billion)
Figure 31 RoW Diesel Genset  Market Highlight
Figure 32 RoW Diesel Genset  Market, By Source, 2018 - 2030 (USD Billion)
Figure 33 RoW Diesel Genset  Market, By Class, 2018 - 2030 (USD Billion)
Figure 34 RoW Diesel Genset  Market, By Application, 2018 - 2030 (USD Billion)
Figure 35 RoW Diesel Genset  Market, By Region, 2018 - 2030 (USD Billion)