Increasing number of power outages is driving the growth at a CAGR of 6.1% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Diesel Genset Market” 

Market Research Future (MRFR) has published a cooked research report on the “global diesel genset market” that contains the information from 2019 to 2030. The Diesel Genset Market is estimated to register a CAGR of 6.1% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global diesel genset market— Cummins Inc. (US), Aggreko Ltd (UK), SDMO (France), PRAMAC (Italy), Generac Holdings Inc. (US), HIMOINSA (Spain), Caterpillar (US), Atlas Copco (Sweden), Doosan Corp (South Korea) and AB Volvo (Sweden)

Diesel Genset Market Highlights

The global diesel genset market is accounted for to register a CAGR of 6.1% during the forecast period and is estimated to reach USD 31,581.01 Million by 2030.

The diesel genset market refers to the industry involved in the production, distribution, and sale of diesel generator sets, commonly known as gensets. Diesel gensets are widely used as backup power sources and in off-grid applications where a reliable and continuous power supply is essential. The diesel genset market has experienced significant growth and development over the years, driven by various factors such as industrialization, rapid urbanization, infrastructure development, and the need for reliable power supply in critical applications. Diesel gensets are valued for their high reliability, durability, fuel efficiency, and versatility, making them suitable for a wide range of industries and sectors.

One of the key drivers of the diesel genset market is the increasing demand for backup power solutions. In industries such as data centers, healthcare facilities, telecommunications, manufacturing plants, and commercial buildings, a constant and uninterrupted power supply is essential to ensure smooth operations. Diesel gensets serve as reliable backup power sources during utility grid failures or outages, providing immediate and continuous power to critical equipment and systems.
Additionally, the diesel genset market is fueled by the growth of off-grid and remote locations where access to the utility grid is limited or unavailable. These areas, including rural communities, construction sites, mining operations, and remote industrial sites, rely on diesel gensets as primary power sources. Diesel gensets offer a dependable and independent power solution in such environments, ensuring continuous operations and productivity.

Furthermore, the diesel genset market is influenced by the need for temporary power solutions in various applications. During events, concerts, exhibitions, and construction projects, temporary power supply is required. Diesel gensets are preferred in such scenarios due to their mobility, ease of installation, and ability to provide high power output in a short period.They can be quickly transported and set up at the desired location to meet the temporary power requirements. Another significant driver for the diesel genset market is the growth of emerging economies and the need for infrastructure development. Countries experiencing rapid urbanization and industrial growth require reliable and stable power supply to support their expanding infrastructure. Diesel gensets play a crucial role in meeting this demand by providing backup power and bridging the gap in electricity supply during peak demand periods.

In recent years, the diesel genset market has also witnessed technological advancements and innovations. Manufacturers are investing in research and development to improve the efficiency, performance, and environmental impact of diesel gensets. This includes the development of advanced control systems, optimized engine designs, and innovative exhaust after-treatment technologies to reduce emissions and comply with stringent environmental regulations. Moreover, the market has seen a shift towards hybrid and dual fuel gensets. Hybrid gensets combine diesel engines with other technologies such as natural gas, renewable energy sources like solar or wind power, or energy storage systems. These hybrid configurations offer increased fuel efficiency, reduced emissions, and the ability to integrate renewable energy sources into the power generation mix. Dual fuel gensets, on the other hand, can operate on a combination of diesel and natural gas, providing flexibility in fuel choice based on availability and cost.

In conclusion, the diesel genset market is a dynamic and growing industry driven by the increasing demand for reliable backup power solutions, off-grid applications, and temporary power requirements. Technological advancements, including cleaner-burning engines, hybrid configurations, and remote monitoring capabilities, have further propelled the growth of the market. With the continuous need for uninterrupted power supply in various sectors and the ongoing development of infrastructure worldwide, the diesel genset market is expected to expand in the coming years.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Diesel Genset Market Trends

Segment Analysis

The global diesel genset market has been segmented based on Type, application, End Use, and region.

The Global Diesel genset market has been categorized Based on the Power Capacity into 5kVA-75kVA, 76kVA-375kVA, 376kVA-750kVA and 750kVA-1MW. The power range of 5kVA to 75kVA has a significant impact on the market for diesel gensets. These generators cater to a wide variety of applications across different sectors, including residential, commercial, industrial, and institutional. The versatility and flexibility of gensets in this power range make them popular choices for small to medium-sized power requirements. They are commonly used in homes, small businesses, retail stores, offices, construction sites, and healthcare facilities. The availability of diesel gensets in this power range ensures that customers can find suitable solutions to meet their specific power needs. The demand for 5kVA to 75kVA diesel gensets continues to drive the growth and competitiveness of the market.

The Global Diesel genset market has been categorized based on application into commercial, residential, and industrial. The industrial sector plays a significant role in shaping the market for diesel gensets. Industrial applications require reliable and robust power solutions to ensure uninterrupted operations. Diesel gensets are widely utilized in industrial settings for various purposes, including backup power during grid outages, prime power for remote locations, and auxiliary power for critical equipment.  

Regional Analysis

By Region, the study segments the Diesel Genset Market into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2022, the Asia-Pacific region drove the global Diesel Genset Market by holding a substantial market share with a market value of USD 5,661.14 million. The Asia Pacific region is experiencing rapid industrialization and infrastructure development, resulting in a growing demand for diesel gensets. Countries like China, India, and Indonesia have a significant market for diesel gensets due to their expanding manufacturing sectors, construction activities, and the need for reliable power supply in remote and off-grid locations. The region is also witnessing a shift towards hybrid and dual fuel gensets, driven by a focus on reducing emissions and improving energy efficiency.

In North America, the demand for diesel gensets is driven by various factors. In the United States, diesel gensets are widely used as backup power solutions due to the vulnerability of the power grid to natural disasters, particularly in hurricane-prone areas along the Gulf Coast. Canada, with its vast remote areas and mining operations, relies on diesel gensets for off-grid power supply. Additionally, the region is witnessing a transition towards cleaner and more sustainable options, leading to increased interest in hybrid gensets and alternative fuels.

Europe has stringent emission regulations, which have influenced the diesel genset market in the region. The European Union's emphasis on reducing greenhouse gas emissions has driven the adoption of cleaner-burning engines and exhaust aftertreatment technologies in diesel gensets. Countries like Germany, the United Kingdom, and Italy have a significant market for diesel gensets, driven by industries, construction projects, and the need for backup power in rural areas.

Key Findings of the Study

• The global Diesel Genset Market is expected to reach USD 31,581.01 Million by 2030, at a CAGR of 6.1% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on Power Capacity, the 5kVA-75kVA segment was attributed to holding the largest market in 2022.


• Based on application, the Industrial segment was attributed to holding the largest market in 2022.


• Cummins Inc. (US), Aggreko Ltd (UK), SDMO (France), PRAMAC (Italy), Generac Holdings Inc. (US), HIMOINSA (Spain), Caterpillar (US), Atlas Copco (Sweden), Doosan Corp (South Korea) and AB Volvo (Sweden) are the key market players.