Press Release

Global Diesel Generator Market to Reach About USD 45.14 billion by 2032, Driven by the Rapid Industrialisation

Global Diesel Generator Market

According to a new report by EMR titled, ‘Global Diesel Generator Market Report and Forecast 2024-2032’, the global market for diesel generator attained a value of about USD 22.39 billion in 2023. The industry is further expected to grow at a CAGR of 8.1% in the forecast period of 2024-2032 to reach a value of approximately USD 45.14 billion by 2032.

The Asia Pacific region holds a significant share of the diesel generator industry owing to the rapid industrialisation in the region. This can be attributed to the high prevalence of chronic power outages in developing regions, such as Bangladesh, Indonesia, and Vietnam, among others, which, in turn, is surging the demand for diesel generators in various sectors. Moreover, the extensive use of diesel generators in industrial applications in countries like India and China is augmenting the growth of the market. The rising deployment of diesel generators in industries like telecommunication and manufacturing, among others, is providing further impetus to the market growth.


Atlas Copco AB (STO: ATCO-A ), one of the leading companies in the market, expanded its QES portable diesel generator range up to 500kVA in January 2021. The company added four models, QES 250, QES 325, QES 400, and QES 500, to offer an efficient source of electrical power for the demanding worksite. The generator range is equipped with user-friendly Qc series controllers to provide power within two clicks and efficient operation. The generators offer corrosion-resistant and waterproof canopies to repel high liquids like heavy rainfall. They feature a sound attenuated steel enclosure, fuel-efficient power pack, and spillage-free frame with integrated forklift slots and beams for ease of transportation.  Moreover, the generator provides a constant power source in extreme conditions, which makes it suitable for the rental and construction sectors. The range also requires one-hour of maintenance every 500 operating hours while providing easy access during services. The development of such innovative diesel generators is surging their demand, which is expected to drive the market growth in upcoming years.


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Market Analysis by Power Rating, Mobility, Cooling System, Application, End Use, and Region:

  • The market, on the basis of power rating, can be divided into low power generator (0-75 kVA), medium power generator (75-375 kVA), and high power generator (375 kVA and above), among others.
  • Based on mobility, the market is bifurcated into portable and stationary.
  • By cooling system, the market is divided into air cooled and liquid cooled.
  • On the basis of application, the industry is divided into standby backup power and peak shaving.
  • Based on end uses, the market is categorised into commercial, industrial, and residential.
  • The regional markets for diesel generator include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.


Key Findings of the Report:

  • The growing use of diesel generation for efficient power supply for digging and drilling in the oil and gas industry is driving the market growth.
  • The market is being aided by the increasing energy supply-demand gap in the utility sector, which, in turn, is surging the demand for diesel generators in commercial and industrial applications.
  • The durability, weather resistance, stability, and optimal power supply, among others, provided by diesel generators is increasing their demand in industrial applications, hence propelling the market growth.
  • The increasing research activities to develop innovative equipment that can trap greenhouse gases while boosting the fuel-efficiency of diesel generators is providing impetus to the growth of the industry.


Key Offerings of the Report:

  • The EMR report gives an overview of the global market for diesel generator for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the power ratings, mobility, cooling systems, applications, end uses, and regions of diesel generator.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.


The major players in the global diesel generator market are Atlas Copco AB, Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Aggreko Ltd., and AKSA Power Generation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.


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