Press
Release

Diesel Generator Market Projected to Demonstrate Stupendous Growth at CAGR of ~4% during 2019 – 2027: TMR

• – Growing initiatives by major worldwide government bodies to advance the village electrification highlight superlative development avenues for players in diesel generator market
• – With increasing urbanization and growing number of mobile subscribers in emerging economies, key enterprises in the market for diesel generator are expected to gain lucrative opportunities from telecom industry of Asia Pacific

Transparency Market Research, New York: A diesel generator is equipment used for the generation of electrical energy. This equipment is a combination of a diesel engine and electric generator. Diesel generators are used to convert biodiesel, diesel, or fuel energy into mechanical energy with the help of an internal combustion engine. Then, this energy is converted into electric energy using electric generator.

Analysts at TMR emphasize that the worldwide telecom industry is likely to play key role in the development of the global diesel generator market. The diesel generator market is expected to grow at a CAGR of ~4% during the forecast period of 2019 to 2027.Major enterprises in this market are expanding their revenue sources using latest ORC generators that can convert diesel generators’ waste heat into power, specifically in countries that largely depend on diesel generators.

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Key Findings of Diesel Generator Market Report

• – The global diesel generator market expected to gain lucrative avenues from worldwide telecom sector
• – Telecom companies are showing rising demand avenues for market player owing to many advantages of diesel generators
• – The global diesel generator market has highly fragmented nature
• – Asia Pacific is projected to show prominent opportunities for the diesel generator market growth during forecast period of 2019 to 2027
• – Growing focus of telecom operators from Asia Pacific on 5G and next-generation fixed broadband technologies is foreseen to drive growth of diesel generator market
• – North America held major market share in 2018
• – Canada and the U.S. were important countries supporting diesel generator market growth in North America in 2018

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Diesel Generator Market: Key Driving Factors and Promising Avenues

• – Diesel generators are gaining traction of major companies from the worldwide telecom industry.
• – Many enterprises are inclined toward the use of diesel generator as diesel is more cheaper than petrol
• – Growing demand for reliable and uninterrupted power supply for telecom towers in power outage is projected to fuel the diesel generator market growth in the forthcoming period
• – Diesel engines require less maintenance than that of petrol engines
• – These generators come with advanced durability
• – Growing acceptance of renewable energy in all worldwide location is fueling the growth of the market for diesel generator
• – Major government bodies are growing efforts to resolve the issue of power outages in urban areas. Similarly, they are focused on rural electrification. These initiatives are impacting positively on the diesel generator market growth.
• – Fluctuating prices of fossil fuel and rising concerns regarding operational expenditures (OPEX) will push thediesel generator market growth in the forthcoming years

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Diesel Generator Market: Competitive Assessment

The nature of the global diesel generator market is reasonably fragmented. The market experiences the presence of many regional as well as international players.

Major well-established companies in the global diesel generator market are increasing their efforts to maintain their leading market position. They are entering into merger and acquisition agreements. This aside, major enterprises in this market are focused on advancing the quality of their products.

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The list of well-established companies in the global diesel generator market includes Himoinsa, Generac Holdings Inc., AKSA Power Generation, KOEL Green, Mahindra Powerol, Aggreko PLC, AGCO Corporation, Jakson, Multiquip Inc., Caterpillar Inc., Cummins Inc., Kohler Co., and Greaves Cotton Limited.

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The diesel generator market can be segmented as follows:

Power Rating

• – Below 100 kVA
• – 100 kVA – 500 kVA

Type

• – Stationary Generator
• – Portable Generator

Application

• – Prime & Continuous
• – Standby
• – Peak Shaving

Region

• – North America
• – Europe
• – Latin America
• – Asia Pacific
• – Middle East
• – Africa

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