The Global Diesel Generator Components Market size was valued at around USD 19.7 billion in 2024 and is projected to reach USD 30.32 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.45% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Diesel Generator Components Market Driver:
Mounting Energy Requirements Paired with Frequent Power Outages Worldwide – As Energy consumption continues to elevate with growing urbanization, exploding population, and evolving industries, power outages have become quite prominent, raising concerns worldwide, especially in developing countries. Further, the constantly changing weather conditions resulting in droughts and heat waves have necessitated air conditioning, thereby triggering massive power outages. For example, India last year witnessed the highest-ever peak in power demand due to severe heat waves. Along similar lines, central and eastern regions of China experienced heatwaves and drought, resulting in higher demand for air conditioning amid reduced hydropower generation in Sichuan province. Given the increasing electricity consumption and constant power outage, the need for flexible and reliable power systems has augmented, subsequently hinting at the broader adoption of power generators like diesel generators and, in turn, contributing to the market growth.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Diesel Generator Components Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Application
- Peak Shaving
- Standby Power
- Base Load/Continuous Power
- By End User
- Government & Utilities
- Oil, Gas & Mining
- Construction
- Manufacturing
- Telecommunications
- Others
- By Power Rating
- Upto 30 KW
- 30-60 KW
- 60-150 KW
- 150-300KW
- 300-500KW
- 500-1000KW
- Above 1000 KW
- By Region
- North America
- South America
- Europe
- Middle East
- Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Caterpiller Inc., APR Energy, Atlas Copco AB, Kirloskar Electric, Cummins Inc., Kohler Co., Agreeko PLC., Generac Power Holdings, Inc., Burtonwood Generator & Switchgear services Ltd., Mitsubishi Heavy Industries, and others are looking forward to strengthening their market positions.
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Global Diesel Generator Components Industry Recent Development:
2024: Caterpillar introduce the G3500K series, a new line of gas generator sets engineered to deliver reliable, high-efficiency power with rapid response capabilities. These generators are designed for a broad range of applications, including both prime and continuous power, and are suitable for demanding environments such as industrial facilities, data centers, utilities, and more
2024: Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET) made a significant leap in sustainable energy by commercializing hydrogen combustion engines. This bold move is a cornerstone of the company’s MISSION NET ZERO initiative, which targets net zero emissions by 2040. As part of this strategy, MHIET is preparing a hydrogen engine generator set for in-house evaluation, marking a pivotal step toward practical, zero-carbon power solutions.
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