Market Size (2018)
$14.30B
Vertical: EnPBase Year: 2018
Market Size (2018)
$14.30B
Projected (2025)
$19.96B
CAGR (2017–2025)
4.8%
Key Players
15+
The demand for diesel genset is growing rapidly in the global market owing to the various factors, including the growing demand for uninterrupted and reliable power supply, and the increasing number of power outages.
The global diesel genset market is projected to grow at 5.07% CAGR during the forecast period, 2019–2025. In 2018, the global diesel genset market was dominated by Asia-Pacific with a 33.20% share, followed by North America and Europe with shares of 23.00% and 21.10%, respectively.
The global diesel genset market has been segmented based on portability, application, power rating, end use, and region. On the basis of portability, the global diesel genset market has been segmented into stationary and portable. The stationary segment is expected to grow at a faster rate during the forecast period. In 2018, the stationary segment held a share of 67.97% of the global diesel genset market.
On the basis of application, the global diesel genset market has been segmented as standby power, peak shaving, and continuous. The standby power segment is expected to grow at a fastest rate during the forecast period. In 2018, the standby power segment held a share of 54.35% in the global diesel genset market.
On the basis of power rating, the global diesel genset market has been segmented as Up to 100 kVA, 100 kVA – 350 kVA, 350 kVA – 1,000 kVA, and above 1,000 kVA. The up to 100 kVA segment is expected to grow at a fastest rate during the forecast period. In 2018, the up to 100 kVA segment held a 35.35% share of the global diesel genset market.
On the basis of end use, the global diesel genset market has been segmented into industrial, commercial, and residential. The industrial segment is expected to grow at a fastest rate during the forecast period. In 2018, the industrial segment held a share of 50.84% in the global diesel genset market.
The Diesel Genset Market Segment Forecast and Analysis Market market is projected to grow at a CAGR of 4.8% from 2017 to 2025.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansDiesel Genset Market Segment Forecast and Analysis Market
Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
Diesel genset is a combination of a diesel engine and an electric generator used for converting mechanical energy to electrical energy. It uses diesel as fuel for combustion, which is injected into the combustion chamber under high pressure. This helps the generator start and rotate the shaft, and then producing electricity.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansThe global diesel genset market is characterized by the presence of many local, regional, and, global vendors. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the critical factors that could restrain the market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services. It is crucial for vendors to provide cost-effective and efficient products to survive and succeed in a competitive market environment.
The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Cummins Inc., Mitsubishi Heavy Industries, Ltd., Kohler Co., Caterpillar, Wärtsilä, and Rolls Royce plc are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology. They consider product development as their key strategy in the global diesel genset market. Although the international players are dominating the market, regional and foreign players with small market shares also have a significant presence. The international players may strengthen their presence in the global market by heavily investing in product development during the forecast period.
Market estimates by geography (2025)
InsightAsia Pacific leads with $6.89B by 2025.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $2.11B | $2.53B | $3.12B | 5.0% | 16% |
| North America | $3.17B | $3.72B | $4.49B | 4.5% | 23% |
| Asia Pacific | $4.53B | $5.51B | $6.89B | 5.4% | 35% |
| Europe | $2.91B | $3.40B | $4.07B | 4.3% | 20% |
| South America | $1.01B | $1.17B | $1.38B | 4.0% | 7% |
| Total | $13.72B | $16.32B | $19.96B | 4.8% | 100% |
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansTotal Market Size
$19.96B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Stationary | $13.33B | 4.5% | 67% |
| Portable | $6.63B | 5.3% | 33% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSee plans for professionals or small and medium businesses.

Analytical insights on Diesel Genset Market Segment Forecast and Analysis Market covering market dynamics, competitive landscape, and strategic outlook.
The Diesel Genset Market Segment Forecast and Analysis Market market is projected to reach $19.96B by 2025, growing at 4.8% CAGR. The Stationary segment holds the largest share.
The global diesel genset market is expected to witness a steady growth rate during the forecast period, primarily due to the growing demand for uninterrupted and reliable power supply and the increasing number of power outages. Moreover, the electrification of unelectrified areas in developing countries is expected to create an opportunity for the players operating in the global market. However, the adoption of gas-powered gensets is expected to restrain the growth of the global diesel genset market during the forecast period.
Uninterrupted and reliable power supply refers to the continuous supply of electricity required to run a predefined set of electrical equipment. The supply of electricity has to be maintained continuously at all times and is the minimum amount of electricity an end user’s facility will need to operate various equipment and systems installed at the location sites. Many end user facilities generate their baseload power supply through diesel gensets due to multiple factors, such as the inaccessible grid electricity and the intermittent nature of grid-connected electricity. For instance, end users who use diesel gensets located in remote areas prefer to generate their baseload electricity using diesel gensets.
According to the BP Statistical Review of World Energy 2019, in 2018, the global oil and gas production grew by 2.40% and 5.17%, respectively, compared to 2017. The growth in the production of oil and gas can be attributed to the improving global economic conditions and the simultaneous increase in the need for meeting the energy demand. The oil and gas exploration and production sites are generally located in remote areas, making them dependent on diesel gensets to provide uninterrupted and continuous power supply for powering critical equipment, such as motors, pumps, well control equipment, and lighting systems, at the drilling site. Moreover, as per the statistical data of the Worldwide Rig Count, published by Baker Hughes, a GE company, in 2018, the number of rig counts grew by 8.93%, compared to 2017. The rapid growth in the global operational rig count is expected to increase the demand for diesel gensets globally. Moreover, mining is a critical industry, as it provides raw materials to several end-use industries, such as construction, manufacturing, and electronics. However, most of the mining sites are remotely located and do not have proper access to grid electricity.
Hence, diesel gensets are essential for the mining industry, as they provide electricity for operating the critical equipment used in the mines, including drills, continuous miners, rock dusters, longwall miners, and shuttle cars. In the past century, the global mining industry has been dependent on easily accessible mining areas. However, the resources in these sites are depleting, and mining companies are gradually venturing into remotely located areas, where the extraction and processing of mineral resources were not economically viable earlier. For instance, Liontown Resources Limited (Australia) is currently developing the Kathleen Valley Lithium Project for the production of lithium. The project feasibility is being undertaken at the moment. However, once operational, the project is expected to install a number of diesel gensets to power operations at the site. Thus, the growing number of mining activities in remote locations is expected to drive the growth of diesel gensets during the forecast period. Similarly, various end users such as the construction industry, power generation facilities, data centers, and event organizers are dependent on diesel gensets for continuous power supply, as grid-based electricity may be inaccessible or intermittent, which can have drastic impacts on the operations of the end users.
Thus, the growing demand for uninterrupted and reliable power supply is expected to drive the growth of the global diesel genset market during the forecast period.
According to the World Bank, in 2018, nearly 11% of the global population did not have access to electricity. A majority of the electricity deprived countries are located in the Middle East & Africa, Asia-Pacific, and South America. Moreover, 95% of the global population living without electricity is located in Sub-Saharan Africa and Asia. Some of the countries without access to continuous power supply in these regions include Kenya, Angola, Myanmar, Libya, and Indonesia. For instance, in Kenya, in 2017, around 36% of the country’s population did not have access to electricity. Similarly, in Myanmar, in the same year, approximately 30% of the country’s population did not have access to grid electricity. Thus, such factors are expected to create a need for diesel gensets to meet the electricity demand in commercial and non-commercial sectors. However, as economies in these regions are growing steadily, the demand for electricity in these regions is also increasing. Additionally, since the government bodies in these regions are focusing on providing electricity to their citizens, the adoption of diesel gensets to supply baseload electricity is expected to increase during the forecast period. Thus, the electrification of unelectrified areas in developing countries is expected to create an opportunity for the players operating in the global diesel genset market during the forecast period.
Diesel gensets are widely used in several developing countries such as Kenya, Myanmar, and Indonesia for the continuous production of baseload electricity, which is essential to the economic development of these countries. However, due to the increasing awareness about climate change, stringent emission regulations, and the need to reduce carbon emissions, many stakeholders are shifting towards gas-powered gensets for reducing their carbon footprint. Gas-powered gensets not only are odorless and more cost-effective than diesel-powered gensets but also have lower emission rates, making them more preferable than diesel-powered gensets. Moreover, the construction of infrastructure for the exploration and production of natural gas is expected to rise steadily during the forecast period. For instance, according to Japan’s National Energy Plan, the country plans to increase the use of natural gas and generate approximately 27% of the total electricity generated by 2030. The country aims to achieve this target by constructing infrastructure for the transportation of natural gas through the country. Hence, the adoption of gas-powered gensets is expected to increase across the world gradually. Thus, the adoption of gas-powered gensets is expected to restrain the growth of the global diesel genset market during the forecast period.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 107 companies operating in the Diesel Genset Market Segment Forecast and Analysis Market market, including revenue, employee count, and market positioning where available.
Showing 107 of 107 companies
Caterpillar
Caterpillar Inc. was founded in 1925 through the merger of Holt Manufacturing Company and C.L. Best Tractor Co. and is incorporated in Delaware with global headquarters in Irving, Texas. The company operates as a publicly traded corporation on the New York Stock Exchange and maintains manufacturing, sales, and service operations across more than 190 countries. Within the heavy equipment and utility vehicles market, Caterpillar organizes its business into three primary segments — Construction Industries, Resource Industries, and Energy & Transportation — each of which directly addresses demand for large-scale machinery, off-highway vehicles, and utility-grade equipment deployed in construction, mining, quarrying, and infrastructure development worldwide. Caterpillar's core product portfolio in the heavy equipment and utility vehicles market spans crawler and wheel dozers, hydraulic excavators, motor graders, articulated and off-highway trucks, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, and telehandlers. The company also produces a broad range of utility vehicles including small dozers and compact construction equipment marketed under the Cat brand. Caterpillar competes directly with Komatsu, Volvo CE, Deere & Company, and CNH Industrial across these categories. Its dealer network — comprising approximately 160 dealers operating roughly 2,900 dealer locations globally — provides a distribution and aftermarket parts advantage that sustains machine uptime and customer retention at scale. Caterpillar's recent strategic direction in the heavy equipment and utility vehicles market centers on electrification, autonomy, and digital connectivity. The company has advanced its Cat® Command autonomous haulage and dozing systems, which are deployed commercially at mining and large construction sites. Caterpillar announced a partnership with Luck Stone in 2023 to deploy autonomous Cat 777 trucks at quarry operations, demonstrating commercial traction for autonomous utility vehicles beyond mining. The company also continues to invest in battery-electric and hydrogen-ready machine platforms, having unveiled the Cat 301.9 electric mini excavator and the Cat 320 electric excavator for urban construction applications, positioning itself ahead of tightening emissions regulations in Europe and North America. Caterpillar reported full-year 2024 revenues of $64.8 billion, with the Construction Industries segment generating approximately $21.6 billion and Resource Industries contributing approximately $11.5 billion, underscoring the company's dominant revenue base within heavy equipment end markets. Key customer segments include large mining operators such as BHP, Rio Tinto, and Freeport-McMoRan for high-tonnage haul trucks and dozers, as well as major civil infrastructure contractors and government-funded highway and utility construction programs globally. Caterpillar held an estimated 15–18% share of the global construction equipment market by revenue as of 2024, making it the largest single manufacturer in the sector by most industry measures
Atlas Copco AB
Company Headquarters: Sweden Founded: 1873 Workforce: ~45,000 Company Working: Atlas Copco AB is specialized in design and production of accessories and products and offers customers, compressors, vacuum solutions and air treatment systems, construction and mining equipment, and extensive range of dewatering applications, across multiple industries. Its product segment includes compressor technique, industrial technique, vacuum technique, and power technique. The compressor technique segments include compressors, gas and process compressors and expanders, air and gas treatment equipment, and air management systems. The industrial technique segment covers vacuum products, exhaust management systems, valves and related equipment. The vacuum technique segment covers industrial power tools and systems, assembly solutions, quality assurance products, software and services. The power technique product segment covers a wide range of pump products, which include hydraulic submersible pumps and electric submersible pumps. The company has about 100 production or manufacturing sites. It manages it sales and services in more than 180 countries in five continents. Epiroc AB, Chicago Pneumatic, Oerlikon Leybold Vacuum, and Atlas Copco Chilena S.A.C. are some of the subsidiaries of the company.
Ashok Leyland
Ashok Leyland is a flagship of the Hinduja Group and is one of the leading manufacturers of commercial vehicles across the globe. It has formed a joint venture with the Alteams (Finland) for manufacturing high-press die-casting extruded aluminum components for the automotive and telecommunications industries. The company has a large product group for the automotive industry. The company manufactures trucks, buses & commercial vehicles for defense and special applications, and diesel engines for industrial, genset, and marine. It offers its products and services for end-use industries such as automotive, information technology, oil & gas, power, media, entertainment & communications, healthcare, banking & finance services, infrastructure project development, real estate, and trading. Albonair GmbH, Global TVS Bus Body Builders Limited, Hinduja Leyland Finance Limited, and Hinduja Tech Limited are some of its subsidiaries. The company has 9 manufacturing sites across the globe, seven being in India, one in the UK, and one in Ras Al Khaimah (UAE). It has operations in 37 countries worldwide.
Kirloskar Electric Company
Kirloskar Electric Company, a subsidiary of the Kirloskar Group, is one of the leading electrical products manufacturing company that offers more than 70 products, globally. The company offers its products and solutions to industries such as cement, steel, agriculture, oil & gas, power, and nuclear industries. The company provides a number of products for various applications such as AC generators, AC motors, DC motors, DG sets, switchgear, traction, and transformers to its clientele. The company offers its products through its three product segments, which are rotating machines group, power generation and distribution group, and others. It offers diesel gensets under its power generation and distribution group segment. The company also offers diesel gensets through its sister company Kirloskar Oil Engines Limited (KOEL). Kirloskar Electric Company has nine manufacturing centers and 34 sales offices with a global presence in countries such as Malaysia, Sharjah, Singapore, South Africa, Japan, South Korea, Indonesia, the Philippines, Thailand, Vietnam, and Bangladesh. The company also has an extensive network of spare parts dealers and service centers, which enables it to offer premium products and services at competitive prices. KELBUZZ Trading Private Limited, Kirloskar Malaysia Sdn Bhd, Kirsons Trading Pte Ltd, and Lloyd Beteiligungs-GmbH are some of the subsidiaries of the company.
Sutton Power Engineering
Sutton Power Engineering designs, manufactures, and supplies diesel and LPG generators. The company offers a generators ranging between 2 KVA and 2200 KVA through its distributors globally. Moreover, the company also offers controlling, monitoring, installation, and maintenance services for generators. It provides diesel and gas powered generators for various applications including welfare accomodation, telecommunications, and residential, commerical, and industrial construction. Furthermore, the company under a partnership agreement with Onis Visa (Italy), provides a wide range of generators for various engines provided by brands such as John Deere, Iveco, and Volvo.
JS Power
JS Power is engaged in the business of providing high quality diesel generators, biodiesel generators, and UPS systems to its customers. It also provides support, maintenance, and repair services including load testing, fuel polishing, generator refurbishment, thermal imaging, and remote monitoring. It is the leading supplier of high-quality diesel-powered generators in the UK. JS Power installs, supplies, and services many types of diesel generators across the globe. Its products and services are used in the construction, agriculture, telecom, festivals & events, industrial sites, and community aid applications. It also offers hybrid generators that improve efficiency, cut costs, and reduce environmental impact by reducing CO2 & NOx emissions. Its UPS systems are designed to provide emergency backup power during mains failure and can provide electricity to various businesses. JS Power offers its products & services in countries such as the UK, Italy, France, the US, and Germany.
Powering the world's best teams.
From next-gen startups to established enterprises.
Trusted by forward-thinking businesses
for data-driven intelligence