From GlobeNewswire: 2025-06-10 08:30:00

The global Diesel Generator Market share is expected to reach USD 23.38 billion by 2029, growing at a CAGR of 5.4%. Diesel generators are essential for remote and backup power, with rising demand fueled by power shortages, unreliable grids, and lower operating costs. The market is expanding due to its reliability and uninterrupted power supply across various sectors.

The Diesel Generator Market is driven by the growing need for reliable power supply and rapid digitalization. Key drivers include standby power reliance and increasing use in remote locations without electricity. Standby power segment is expected to grow the fastest, providing quick backup power during emergencies or outages, ensuring continued operation and safety.

The Industrial segment is the fastest-growing offering in the diesel generator market, catering to critical power needs, remote operations, emergency backup power, and emerging markets. Industries require constant power supply for heavy machinery operations, making diesel generators crucial for seamless power supply. Prominent players in the market include Caterpillar, Cummins Inc., Generac Power Systems, Rolls-Royce Plc, and Mitsubishi Heavy Industries, Ltd.

Asia Pacific dominates the diesel generator market due to industrial growth and urbanization, leading to a high demand for reliable power sources. The region, including emerging nations, faces frequent blackouts and unstable electricity supply, creating opportunities for diesel generators. China plays a significant role in the market, requiring backup power for infrastructure projects and manufacturing capabilities. Diesel fuel availability in remote areas also drives market growth in the region.



Read more at GlobeNewswire: Diesel Generator Market Share Expected to Reach $23.38