Market Forecast By kVA Ratings (5 - 75 kVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA, And Above 1000 kVA), By Applications (Commercial, Residential, Industrial, Transportation, and Infrastructure) By Countries (United Kingdom,Germany, Russia, France, Italy, Rest Of Europe) And Competitive Landscape
Product Code: ETC131517 | Publication Date: Aug 2024 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Europe Diesel Genset Market report thoroughly covers the market by kVA Rating and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The fact that Europe is a major region in the worldwide diesel genset industry, the Europe Diesel Genset industry is expected to grow throughout the forecast period. In the upcoming years, substantial expansion is anticipated. Diesel generators are becoming more and more popular because of their dependability, fuel economy, and inexpensive running expenses. Data centres, infrastructure, healthcare, industrialisation, urbanisation, and other reasons are driving the diesel genset market in Europe. The growing need for backup power and the rise of vital sectors will propel the diesel genset market in Europe in the upcoming years.
According to 6Wresearch, Europe Diesel Genset Market size is expected to grow at a significant CAGR of 4.5 % during 2024-2030. The increase of industrial activity, the growing integration of renewable energy sources necessitating effective backup systems, and the continuous development of diesel technologies that lower carbon footprints are all major contributors to this trend. The market for diesel generator sets is anticipated to adjust quickly as regulatory frameworks support more ecologically friendly options, which will increase their allure in the upcoming years.
The growing need for a steady supply of power in the manufacturing and processing sectors is predicted to propel the industrial segment to the forefront of the European diesel genset industry. Growing urbanisation and disposable incomes are driving significant expansion in the residential sector as well. Furthermore, favourable government policies that support infrastructure development and rural electrification are opening up new possibilities for the use of diesel generator sets in remote locations.
The diesel genset market in Europe is facing several challenges despite its encouraging expansion. Dependence on diesel generators is in danger due to growing competition from alternative energy sources, especially renewable possibilities like solar and wind. Furthermore, market expansion may be limited by growing fuel costs and strict pollution laws, which could sway consumer preferences towards greener technology. Moreover, variations in the worldwide supply chain may affect the affordability and accessibility of diesel generator sets.
Some significant companies that are operating in the market and continuously contributing to its success are Caterpillar Inc., Cummins Inc., and Kohler Co. To broadening their product offerings, these industry leaders are allocating resources towards research and development in order to conform to the evolving regulatory environment and the increasing demands of their clientele for environmentally friendly energy alternatives. Strategic alliances and joint ventures between these firms are anticipated to be crucial in determining the future course of the European diesel genset industry as competition heats up.
The market for diesel generator sets is heavily influenced by European government regulations, which are centred on environmental requirements and emissions. These recommendations support the adoption of hybrid systems to exploit renewable energy sources while also pushing manufacturers to develop and advance their technologies. By promoting the development of cleaner, more efficient diesel generation technologies and challenging industry practices, these regulations demonstrate the continent's commitment to a greener future. These initiatives are further supported by investments in sustainable technologies.
The diesel genset market in Europe looks to have a bright future because to changing energy regulations and expected technological advances that will foster sustained growth. Manufacturers are required to achieve reliability criteria while more closely aligning with environmental rules as they progressively employ creative solutions, like hybrid systems that mix diesel generators with renewable energy sources. Furthermore, the integration of diesel generatorsets into a diverse energy landscape will be made possible by the development of smart grid technologies and energy management systems, which will improve the operating efficiency and utility of these units.
Additionally, as consumer preferences evolve in favour of greener technologies, manufacturers are being forced to make investments in fuel economy and cleaner emissions. Reliable electricity solutions will likely remain in high demand as Europe's industrial activities and urbanisation continue. Players in the market will need to form strategic alliances and partnerships in order to stay competitive and adaptable to the shifting consumer and regulatory landscape. In the end, the European diesel genset industry is ready to change, embracing technological advancements that promote energy efficiency and sustainability while overcoming obstacles in the larger energy sector.
According to Dhaval, Research Manager, 6Wresearch, the diesel genset market in Europe is segmented based on KVA ratings such as 5 kVA - 75 kVA, 75.1 kVA – 375 kVA, 375.1 kVA - 750 kVA, 750.1 KVA-1000 KVA, and above 1000 KVA. Among these segments, the 75.1 kVA – 375 kVA segment is expected give rise to Europe Diesel Genset Market Share. Due to an increase in demand for backup power in several applications, including data centres, hospitals, and educational institutions.
Considering banks, shopping centres, hotels, and other business institutions require a lot of backup power, the commercial category is anticipated to have a sizable market share. The increased need for power backup in the manufacturing, oil and gas, and other industries will result in a high penetration rate for the industrial category.
The report offers a comprehensive study of the subsequent market segments:
Market Forecast By kVA Ratings (5 - 75 kVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA, And Above 1000 kVA), By Applications (Commercial, Residential, Industrial, Transportation, and Infrastructure) By Countries (United Kingdom,Germany, Russia, France, Italy, Rest Of Europe) And Competitive Landscape
Product Code: ETC131517 | Publication Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 27 |
Europe Diesel Genset Market report thoroughly covers the market by KVA rating, application and Countries. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Diesel Genset Market is anticipated to gain momentum in the forecast period as Europe is one of the prominent regions in the global diesel genset market. It is expected to witness significant growth in the years to come. The increasing demand for diesel gensets is due to their reliability, fuel efficiency, and low operating costs. The diesel genset market in Europe is driven by various factors such as industrialization, urbanization, data centers, healthcare, infrastructure, and others. The diesel genset market in Europe is poised for steady growth in the coming years, driven by the increasing demand for backup power and the expansion of critical industries.
According to 6Wresearch, the Europe Diesel Genset Market size is projected to grow at the CAGR of 2.2% during the forecast period of 2024-2030. One of the foremost drivers of the Europe diesel genset market is an increase in the number of power outages caused by natural calamities or failures in the grid infrastructure. The rise in data centers coupled with growth in urbanization and industrialization is driving the demand for diesel gensets. Other reasons include the growth of smart cities, increasing construction activities, and the need for uninterrupted power supply in the healthcare sector.
Several factors are driving the growth of the diesel genset market in Europe.The rising demand for reliable and uninterrupted power in various industries is driving the need for backup power solutions such as diesel gensets. The growing investments in renewable energy have resulted in the integration of hybrid power solutions that include both renewable and non-renewable sources of energy. Moreover, the increasing number of natural disasters and emergencies has led to the implementation of diesel gensets in critical infrastructure facilities like hospitals, data centers, and water treatment plants. One of the primary challenges that the Europe diesel genset industry is currently facing is the growing demand for renewable energy sources. Governments in the region are pledging to move towards cleaner energy systems to fight climate change, plummeting the need for diesel generators. The high associated costs of acquiring and operating diesel generators also pose a challenge to Europe Diesel Genset Market Growth.
Several government policies in Europe support the growth of the diesel genset market operation. To cite an example, the government of the United Kingdom has introduced policies to encourage industrial and commercial entities to shift to renewable sources of energy while still allowing the use of diesel generators as a backup. The EU has also implemented stringent regulations to ensure that diesel gensets remain efficient and have low emissions. The European Union has set targets to reduce carbon emissions by 55% by 2030, and this has led to the implementation of several initiatives to promote cleaner and more sustainable sources of energy. Some of the initiatives include renewable energy mandates, carbon pricing, and investments in green hydrogen. Additionally, the EU has also introduced regulations to reduce the emissions from diesel gensets and improve their efficiency.
The major players operating in the Europe Diesel Genset Industry are Caterpillar Inc., Cummins Inc., Generac Power Systems, Wärtsilä Corporation, MTU Onsite Energy, Himoinsa S.L., Doosan Portable Power, Kohler Co., and Atlas Copco AB, among others. These players are focusing on research and development activities, technological advancements, and strategic collaborations to strengthen their market position.
The diesel genset market in Europe is segmented based on KVA ratings such as 5 kVA - 75 kVA, 75.1 kVA – 375 kVA, 375.1 kVA - 750 kVA, 750.1 KVA-1000 KVA, and above 1000 KVA. Among these segments, the 75.1 kVA – 375 kVA segment is expected give rise to Europe Diesel Genset Market Share. Due to an increase in demand for backup power in several applications, including data centers, hospitals, and educational institutions.
According to Shivankar, Research Manager, 6Wresearch, the commercial segment is expected to hold a significant market share, owing to a high need for backup power in banks, malls, hotels, and other commercial establishments. The industrial segment will have high penetration due to an increase in demand for power backup in manufacturing, oil & gas, and other industries.
The Diesel genset Market in Europe is segmented into some of the big economies such as the United Kingdom, Germany, France, Italy, and Russia. The United Kingdom holds the largest market share with high electricity consumption and the need for stable power supply.
The report offers a comprehensive study of the subsequent market segments:
Market Forecast By kVA Ratings (5 - 75 kVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA, And Above 1000 kVA), By Applications (Commercial, Residential, Industrial, Transportation, and Infrastructure) And Competitive Landscape.
Product Code: ETC131517 | Publication Date: Nov 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 102 | |
Europe Diesel Genset Market report thoroughly covers the market by KVA rating, application and Countries. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Diesel Genset Market is anticipated to register strong growth proliferation in the coming time zone. Growth in the IT infrastructure along with growth in the commercial and industrial subsectors backed by a growing emphasis on the development of healthcare and hospitality services are further expected to drive considerable revenues for the Europe diesel Genset market in the upcoming six years. Also, the government’s efforts towards enhancing the country’s business operating potential have steered resources towards large investments in the economic sectors for increased productivity in Morocco would offer great new investment opportunities to would-be investors in the near future.
Europe Diesel Genset market is anticipated to witness moderate growth over the coming years, due to a rise in industrial production and surging investment in developing infrastructure in the region. Additionally, the development and expansion of various data centers, banks, and hospitals are further expected to spur the demand for diesel Gensets across the region during the forecast period.
According to 6Wresearch, Europe Diesel Genset Market size is projected to grow at a CAGR of 1.5% during 2019–2025. Germany and Russia are anticipated to dominate the market during the forecast period on the back of increased demand for apartments, cumulative company investment in industrial buildings, and higher state spending on roads, bridges, ports, and railways. Moreover, according to Deutsche bank, “over 370,000 new apartments on average are forecast to be completed between 2018 and 2020 in order to cater to the escalating demand for apartments in Germany”, which would further propel the demand for diesel Gensets across the region.
Europe Diesel Genset Market the market is mainly driven by growth in standby applications for data centers used by banks and technology companies. Increasing the integration of renewable energy sources into the energy mix and grid-strengthening efforts across Europe will help support market growth.
The commercial vertical has been observed as the most significant revenue-generating segment in the Europe diesel Genset market, owing to the steady growth of the commercial real estate sector, rapid urbanization, technological advancement, and the surging construction industry in the region. Moreover, the commercial segment is projected to dominate the market over the coming years as well, due to the rising number of data centers in the area. Additionally, enhancement in the telecom industry to meet future 5G technology requirements would further increase the sale of diesel Genset in the Europe diesel Genset market overview during the forecast period.
The Europe diesel Genset market report thoroughly covers the market by kVA rating, verticals, and countries. Europe Diesel Genset market outlook report provides an unbiased and detailed analysis of the ongoing diesel Genset market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Diesel Genset Market is following the upward trend as a result of a steady increase in average unit prices. Experiencing slow growth and demand across the end-user segments despite enjoying steady growth throughout the past decade. Europe Diesel Genset market is expected to witness moderate growth patterns in the coming timeframe owing to the rising use in remote areas for increased power efficiency. An increase in the power grid infrastructure development in the developed and developing economies across the region has given a spur to the power and distribution system across the region with a complete electrification rate and as a result, is anticipated to keep a moderate demand pattern for the diesel gen-sets in the listed countries across the European region. For the existing household infrastructure, where the power grid infrastructure has been established a long time ago, the demand for diesel Gensets is expected to be witnessed at an astonishing rate owing to the rising demand for power backed by the technical upgrades in the present data usage. The deeper penetration of internet use is leading to an increased need for power and as a result, since the old infrastructures hardly support the present power demand, the need for diesel Gensets arises to fulfill the increased demand and is expected to drive significant potential opportunities for the product to gain popularity in the market in the coming timeframe. On the other hand, as for the new construction taking place, the use of diesel Gensets is limited to construction sites to enhance the process of construction, and diesel Gensets being looked like a cost-effective industrial product, but as for residential use, the newly created household infrastructure supports the needed and upgraded voltage and hardly requires diesel Gensets for use. As a result, the Europe diesel Genset market is expected to register sound and moderate growth in the near future.
Several government policies in Europe support the growth of the diesel genset market operation. To cite an example, the government of the United Kingdom has introduced policies to encourage industrial and commercial entities to shift to renewable sources of energy while still allowing the use of diesel generators as a backup. The EU has also implemented stringent regulations to ensure that diesel gensets remain efficient and have low emissions. The European Union has set targets to reduce carbon emissions by 55% by 2030, and this has led to the implementation of several initiatives to promote cleaner and more sustainable sources of energy. Some of the initiatives include renewable energy mandates, carbon pricing, and investments in green hydrogen. Additionally, the EU has also introduced regulations to reduce the emissions from diesel gensets and improve their efficiency.
The major players operating in the Europe Diesel Genset Industry are Caterpillar Inc., Cummins Inc., Generac Power Systems, Wärtsilä Corporation, MTU Onsite Energy, Himoinsa S.L., Doosan Portable Power, Kohler Co., and Atlas Copco AB, among others. These players are focusing on research and development activities, technological advancements, and strategic collaborations to strengthen their market position.
The diesel genset market in Europe is segmented based on KVA ratings such as 5 kVA - 75 kVA, 75.1 kVA – 375 kVA, 375.1 kVA - 750 kVA, 750.1 KVA-1000 KVA, and above 1000 KVA. Among these segments, the 75.1 kVA – 375 kVA segment is expected give rise to Europe Diesel Genset Market Share. Due to an increase in demand for backup power in several applications, including data centers, hospitals, and educational institutions.
According to Shivankar, Research Manager, 6Wresearch, the commercial segment is expected to hold a significant market share, owing to a high need for backup power in banks, malls, hotels, and other commercial establishments. The industrial segment will have high penetration due to an increase in demand for power backup in manufacturing, oil & gas, and other industries.
The Diesel genset Market in Europe is segmented into some of the big economies such as the United Kingdom, Germany, France, Italy, and Russia. The United Kingdom holds the largest market share with high electricity consumption and the need for stable power supply.
The reports offer a detailed analysis of the following market segments: