The global market for diesel generators is expected to grow from $22.2 billion in 2025 and is projected to reach $31.8 billion by the end of 2030, at a compound annual growth rate (CAGR) of 7.5% during the forecast period of 2025 to 2030.
The Asia-Pacific market for diesel generators is expected to grow from $8.5 billion in 2025 and is projected to reach $13.2 billion by the end of 2030, at a CAGR of 9.1% during the forecast period of 2025 to 2030.
The American market for diesel generators is expected to grow from $6.4 billion in 2025 and is projected to reach $8.7 billion by the end of 2030, at a CAGR of 6.5% during the forecast period of 2025 to 2030.
Report Scope
This report provides an analysis of the global diesel generator market. It includes global revenue ($ millions) for the base year 2024, estimated data for 2025 and projections for compound annual growth rates (CAGRs) from 2025 through 2030.
The report covers qualitative and quantitative information for diesel generator set (genset) market segments, such as power ratings, applications and end users. The study also analyzes the diesel generator market in four regions: the Americas, Europe, Asia-Pacific (APAC), and the Middle East and Africa (MEA). It covers emerging technologies, recent developments, patents and companies' environmental, social and governance (ESG) initiatives. Macroeconomic factors have been evaluated, including U.S. tariffs and the impact of raw materials prices. In addition, the market shares of the leading companies and their strategies are analyzed. All market values are in U.S. dollars ($ millions).
Report Includes
- 59 data tables and 47 additional tables
- An overview of the global market for diesel generators
- In-depth analysis of global market trends, featuring historical revenue data for 2024, estimated figures for 2025, as well as forecasts for 2026, and 2029, including projections of CAGRs through 2030
- Evaluation of the current market size and revenue growth prospects specific to the diesel generators, accompanied by a market share analysis by portability, power rating, application, end-user and region
- Analysis of market opportunities with a holistic review of Porter's Five Forces model and industry supply chain analysis, considering both micro- and macro-environmental factors prevailing in the market
- Coverage of evolving technologies, the current and future market potential, R&D activities, growth strategies, regulatory framework and reimbursement scenarios and ESG trends of the market
- Identification of companies best positioned to meet this demand due to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
- Descriptive profiles of the leading global companies, including Cummins Inc., Caterpillar, Rolls-Royce plc, Generac Power Systems Inc., and Mitsubishi Heavy Industries Ltd.
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of the Report
- Market Summary
- Technological Advances and Applications
- Market Dynamics and Growth Factors
- Future Trends and Developments
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Current Market Overview
- Future of the Diesel Generator Industry
- Analysis of Porter's Five Forces
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Potential for New Entrants
- Competition in the Industry
- Threat of Substitutes
- Value Chain Analysis
- R&D
- Raw Materials and Components Suppliers
- Diesel Generator Manufacturing
- Suppliers and Distributors
- End Users
- Key Regulations and Standards
- ISO 8528
- Environmental Protection Agency
- Stage I-V Standards
- Central Pollution Control Board
- Macroeconomic Factors
- Fluctuations in Diesel Fuel Prices
- Raw Material Production and Pricing
- Impact of U.S. Tariffs on the Global Market
Chapter 3 Market Dynamics
- Overview
- Market Dynamics Snapshot
- Market Drivers
- Advances in Diesel Generator Components
- Demand for Continuous Power Supply Due to Frequency of Power Outages
- Market Opportunities
- Hyperscale Data Centers
- IoT-Based Diesel Generator Monitoring System
- Market Challenges and Restraints
- Alternative Power Backup Solutions
- Stringent Government Policies
Chapter 4 Emerging Technologies and Developments
- Emerging Technologies
- Hybrids and Multifuel Generators
- Turbochargers
- Patent Analysis
- Published Patents
- Findings
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Market Breakdown by Power Rating
- Takeaways
- Up to 50 kW
- 51-280 kW
- 281-500 kW
- 501-2000 kW
- Above 2000 kW
- Market Breakdown by Portability
- Takeaways
- Stationary (Emergency) Generators
- Portable Generators
- Market Breakdown by Application
- Takeaways
- Standby Load
- Continuous Load
- Prime Load
- Market Breakdown by End User
- Key Takeaways
- Oil and Gas
- Construction
- Data Centers
- Residential and Commercial Buildings
- Telecommunications
- Manufacturing
- Utilities
- Mining
- Marine
- Other End Users
- Geographic Breakdown
- Market Breakdown by Region
- Takeaways
- The Americas
- Europe
- Asia-Pacific
- Middle East and Africa
Chapter 6 Competitive Intelligence
- Overview
- Company Share Analysis
- Cummins
- Caterpillar
- Rolls-Royce
- Generac Power Systems
- Mitsubishi Heavy Industries
- Product Mapping Analysis
- Strategic Analysis
Chapter 7 Sustainability in the Diesel Generator Industry: An ESG Perspective
- Introduction to ESG
- Current Status of ESG in the Global Diesel Generator Market
- Case Studies
- Cummins
- Caterpillar
- Concluding Remarks from BCC Research
Chapter 8 Appendix
- Methodology
- References
- Abbreviations
- Company Profiles
- AGGREKO
- ATLAS COPCO GROUP
- BRIGGS & STRATTON
- CATERPILLAR
- CUMMINS INC.
- DISCOVERY ENERGY LLC. DBA REHLKO
- DOOSAN BOBCAT
- GENERAC POWER SYSTEMS INC.
- HIMOINSA
- INTERNATIONAL SOCIETY OF BAUDOUIN MOTORS
- KIRLOSKAR OIL ENGINES LTD.
- MITSUBISHI HEAVY INDUSTRIES ENGINE SYSTEM ASIA PTE. LTD.
- ROLLS-ROYCE PLC
- WESTQUIP DIESEL SALES
- YAMAHA MOTOR CO. LTD.