The diesel generators market has been growing over the years. A diesel generator is a combination of a diesel engine connected to an electric generator to generate electrical power. It is applicable in various industries such as mining, construction, oil & gas, utilities etc. due to its advantages like durability, reliability, affordable price and easy installation. It provides continuous power supply during power outages and grid failures. The generators are also used as backup power sources for hospitals, data centres and other facilities to ensure uninterrupted operations.

The Global Diesel Generators Market is estimated to be valued at US$ 20.02 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Diesel Generators Market are AKSA Power Generation Company, Atlas Copco AB, Caterpillar, Cummins Inc., Doosan Portable Power, Generac Power System Inc., Honda India Power Products Ltd., Kohler Co., Rolls-Royce plc, Wartsila Corporation, Honda India Power Products Ltd., Yamaha Motor Co Ltd., Mitsubishi Heavy Industries Ltd., Mahindra Mahindra Ltd., and Kirloskar Oil Engines Ltd. AKSA Power Generation Company currently holds a significant market share due to strong distribution network and service capabilities across the globe.

The demand for diesel generators is growing significantly due to increasing power outages in emerging economies and growing reliance on backup power solutions in industries. The rising demand from data centres, hospitals and commercial buildings in developing countries is further augmenting the market growth.

The diesel generators market is witnessing major expansion activities by key players across regions. Manufacturers are focusing on new product development and partnerships to tap new geographic areas and industries. Increased investments in power projects in Asia Pacific and Middle East & Africa are driving sales of diesel generators in these regions.

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