Global Diesel Generator Market was valued at USD 17.1 Billion in 2021 and is expected to reach USD 25 Billion by the year 2028, at a CAGR of 5.6%.
A diesel generator is a device that uses a diesel engine and an electric generator to transform chemical energy into electrical energy. Furthermore, the diesel generator, which combines a diesel engine with an electrical generator, is a dependable power source. It is used to generate electricity to provide a constant power supply during power outages. It is mostly used as a backup device during power outages or in locations where there is no access to the power grid.
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The Major Players In The Diesel Generator Market Include:
· Kirloskar Electric Co. Ltd. (India)
· Wartsila (Finland)
· Caterpillar Inc. (U.S.)
· Aggreko (U.K.)
· Cummins Inc. (U.S.)
· Himoinsa (Spain)
· John Deere (U.S.)
· Kohler-SDMO (France)
· Generac Power Systems (U.S.)
· HiPower Systems (U.S.)
· FG Wilson (U.K.)
Market has segmented the global Diesel Generator market on the basis of type, application, and region:
The Diesel Generator market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
· Low Power Gensets
· Medium Power Gensets
· High Power Gensets
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· Standby Power
· Peak Shaving
· Prime or Continuous Power
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases email@example.com and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Diesel Generator Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Report covered the major key points:
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- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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