The global low voltage diesel generators (LVDGs) market has the potential to grow by USD 4.62 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.

This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and end-user (commercial, residential, and industrial). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including ABB Ltd., Atlas Copco AB, Briggs & Stratton Corp., Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Kirloskar Oil Engines Ltd., Kohler Co., Mitsubishi Heavy Industries Ltd., and Siemens AG.

Market Overview

Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will decrease during the forecast period. Prominent vendors are launching smart monitoring solutions and are offering generator rental services to strengthen their position in the low voltage diesel generator market. ABB Ltd., Atlas Copco AB, and Briggs & Stratton Corp. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the growing demand for battery storage will challenge the growth of the market participants. To increase their low voltage diesel generator market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this low voltage diesel generator market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this low voltage diesel generator market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading low voltage diesel generator manufacturers, including:

• ABB Ltd.
• Atlas Copco AB
• Briggs & Stratton Corp.
• Caterpillar Inc.
• Cummins Inc.
• Generac Holdings Inc.
• Kirloskar Oil Engines Ltd.
• Kohler Co.
• Mitsubishi Heavy Industries Ltd.
• Siemens AG

Low Voltage Diesel Generators Market: Segmentation by Region

APAC was the largest market for low voltage diesel generators in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as rapid residential and commercial infrastructure development, rising demand for electricity, increasing demand for telecom towers, and government initiatives for rural electrification are contributing to the low voltage diesel generator market growth in this region.

Over 32% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for low voltage diesel generators in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.

Low Voltage Diesel Generators Market: Segmentation by End-user

Commercial establishments such as restaurants, resorts, hotels, shopping malls, grocery stores, movie theaters, hospitals, business parks, commercial offices, government buildings, educational institutions, airports, and banks use LVDGs to provide uninterrupted power supply to various vital equipment. Thus, the increasing construction of hotels, resorts, hospitals, and healthcare units and the growth of the service sector are expected to fuel the demand of low voltage diesel generators from the commercial segment during the forecast period.

Market growth in this segment will be faster than the growth of the market in the residential and industrial segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the low voltage diesel generator market size.

Low Voltage Diesel Generators Market: Key Drivers and Trends

The high demand for electricity and unreliable grid infrastructure in emerging economies will be a significant factor driving the growth of the LVDG market. With the increasing population in emerging economies, such as India and China, the demand for electricity has also increased significantly. However, the power grid infrastructure in these emerging economies is unreliable and incapable of handling the rising demand for electricity, leading to frequent power outages. This has resulted in the increasing demand for LVDGs as a backup power source for countering power outage and power shortage issues. The governments of these emerging economies are also making significant investments in the renovation and expansion of the existing grids to provide uninterrupted power. These factors are expected to fuel the growth of the low voltage diesel generator market during the forecast period.

• Market vendors are increasingly focusing on the launch of low voltage diesel generators with smart monitoring solutions.
• Smart monitoring solutions enable remote monitoring and capture real-time data, which can be utilized to effectively plan generator maintenance, human capital allocation, and fuel requirement.
• The ability to operate smart monitoring solutions through mobile phones will provide customers flexibility in the operation of diesel generators.
• The incorporation of advanced analytics in smart monitoring solutions will help in detecting potential mechanical problems and performing predictive maintenance.
• The demand for smart monitoring solutions is increasing in emerging economies, especially from the commercial and industrial segments.
• The rising adoption of smart monitoring solutions in LVDGs, which is one of the critical low voltage diesel generator market trends will help end-users to optimize their overall operational costs and operational efficiency.
• During 2020-2024, the low voltage diesel generator market will grow at a CAGR of almost 10%.

Low Voltage Diesel Generators Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the LV diesel generator market during the next five years
• Precise estimation of the global low voltage diesel generator market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the low voltage diesel generator industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of low voltage diesel generator vendors