Top Companies in Diesel Generator Industry - Caterpillar (US), Cummins Inc., (US), Generac power systems, Inc (US) and Rolls-Royce PLC (UK)
The diesel generator market is forecast to reach USD 23.4 billion by 2029 from an estimated USD 17.9 billion in 2024, at a CAGR of 5.4% during the forecast period (2024-2029). The increasing construction costs due to developing industrial infrastructures, rapidly growing infrastructure development across emerging economies, expanding seaway trades and construction of new vessels in the marine diesel generator market are the key factors driving the diesel generator market.
The diesel generator market is served by a mix of international players with a global operational presence and local players with a strong domestic supply network.
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The key players in the diesel generator market include companies such as Caterpillar (US), Cummins Inc., (US), Generac power systems, Inc (US), Rolls-Royce PLC (UK), Mitsubishi heavy industries, ltd (Japan).
Caterpillar is a globally operating company specializing in construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Caterpillar operates through four segments: construction industries, resource industries, energy and transportation, and financial products. Its Diesel generator falls under the Energy & transportation segment. The company offers its diesel generator products under its CAT brand, which meet diverse power needs, ranging from minimal to substantial requirements.
Cummins is a global design & manufacturer of diesel engines, generators, producer gas generator sets, biogas engine generator sets. These offerings serve diverse industries such as commercial buildings, data centers, defense, mining, oil & gas, telecom, and water treatment. The company operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. Diesel generators fall under the Power Systems segment. The company has a network of 500 wholly owned and independent distributors serving over 10,000 locations, spanning more than 190 countries and territories.
Generac power systems, Inc is a globally recognized company offering light towers, generators, pumps, and heaters, that finds applications in residential, commercial, and industrial sectors. The company operates through three key segments: Residential Products, Commercial & Industrial Products, and Others. Generac power systems provides its diesel generators under the Commercial & Industrial products.
Rolls-Royce Plc is a globally operating company that develops & delivers power solutions for air, sea, and land in the UK and globally. The company operates in four segments: Civil Aerospace, Defence, Power Systems, and New Markets. Rolls-Royce provides its Diesel generators under the power systems segment. The diesel generators offered by the company are utilized across industrial, commercia, and residential end user sectors.
Related Reports:
Diesel Generator Market by Application (Standby Power, Peak Shaving, Prime & Continuous Power), End-User (Commercial, Industrial, Residential), Design (Stationary, Portable), Power Rating & Region - Global Forecast to 2029
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