Canada Diesel Genset Market (2024-2030) | Trends, Industry, Analysis, Revenue, Outlook, Forecast, Size, Companies, Share, Value & Growth

Topics Covered in the Canada Diesel Genset Market

Canada Diesel Genset Market report thoroughly covers the market by KVA rating and application. 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.

Canada Diesel Genset Market Synopsis

Canada Diesel Genset Market is expected to grow in the forecast period as the demand for power backup and emergency power generation has grown rapidly in Canada in recent years. And, diesel gensets have been the preferred choice for many industries and households needing backup power. The Canada diesel genset market has witnessed a considerable growth in recent years. Diesel gensets have become a crucial power source in Canada because of the country's climatic conditions and increased demand for stable and reliable power supply. The Canadian diesel genset market is expected to grow at a significant rate in the coming years.

According to 6Wresearch, the Canada Diesel Genset Market size is projected to grow at the CAGR of 8 % during the forecast period of 2024-2030. The key drivers of the Canada diesel genset market are the need for continuous power supply, rising demand for backup power, and growth in the construction and industrial sectors. The increasing number of data centers and the high demand for uninterrupted power supply in the IT sector are also driving the demand for diesel gensets in Canada. Additionally, the government's energy policies are promoting the use of diesel gensets in remote areas to provide electricity to residential areas and industries. The increasing demand for continuous power supply, rising investment in commercial and industrial infrastructure, and the ongoing expansion of residential construction are significant factors driving the growth of the Diesel Genset Market in Canada.

Moreover, the rising number of extreme weather events and natural calamities such as hurricanes, floods, and earthquakes, have stimulated the demand for backup power solutions. Furthermore, the growing adoption of renewable energy sources, such as wind and solar power, has made the diesel generator an ideal backup option due to its reliability and low-cost maintenance. The primary challenge faced by the Canada diesel genset market is the rising popularity of renewable energy sources, such as solar and wind power. The promotion of clean energy sources by the government and the increasing awareness among consumers about the environmental impact of diesel gensets are causing a slow-down in the growth of the diesel genset market. Moreover, the high maintenance cost of diesel gensets is also a major challenge faced by the Canada Diesel Genset Industry.

Government policies and schemes introduced in the Canada Diesel Genset Market

The government of Canada is taking steps to promote the growth of the diesel genset market. The government's energy policies are encouraging the use of diesel gensets as a backup power source, and it's supporting the development of indigenous diesel gensets. The government's initiatives to provide electricity to remote areas are also driving the demand for diesel gensets.

Leading players in the Canada Diesel Genset Market

The key players in the Canada diesel genset market are Cummins Inc., Caterpillar Inc., Generac Power Systems, Inc., Kohler Co., MTU Onsite Energy, Wartsila Corporation, Mitsubishi Heavy Industries Ltd., and Atlas Copco AB. These companies are adopting various strategies such as product launches, collaborations, and partnerships to expand their businesses and remain competitive in the market and this has contributed towards rise in Canada Diesel Genset Market Share.

Market analysis by KVA Ratings

The Canada diesel genset market can be segmented based on KVA rating. The 5 KVA-75 KVA segment has accounted for the largest share of the market to date and it is leading to Canada Diesel Genset Market Growth.  This growth can be attributed to these gensets' compact size and low fuel consumption, making them ideal for residential and small commercial applications.

Market analysis By Applications

According to Ravi Bhandari, Research Head, 6Wresearch, the Canada diesel genset market can also be segmented based on applications. The residential segment has been the primary user of gensets in Canada, contributing to the largest market share. Power outages due to natural calamities such as ice storms and hurricane seasons often cause disruptions in electricity supply, making gensets essential for continuity of daily operations in Canadian households.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Canada Diesel Genset Market Outlook
• Market Size of Canada Diesel Genset Market, 2023
• Forecast of Canada Diesel Genset Market, 2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues & Volume for the Period 2020 - 2030
• Canada Diesel Genset Market Trend Evolution
• Canada Diesel Genset Market Drivers and Challenges
• Canada Diesel Genset Market Price Trends
• Canada Diesel Genset Market Porter's Five Forces
• Canada Diesel Genset Market Industry Life Cycle
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by KVA ratings for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and Volume by 5 - 75 KVA for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by 75.1 - 375 KVA for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by 375.1 - 750 KVA for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by 750.1 - 1000 KVA for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by Above 1000 KVA for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by Application for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by Residential for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by Commercial for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by Industrial for the Period 2020-2030
• Historical Data and Forecast of Canada Diesel Genset Market Revenues and volume by Transportation and public Infrastructure for the Period 2020-2030
• Canada Diesel Genset Market Import Export Trade Statistics
• Market Opportunity Assessment by KVA ratings
• Market Opportunity Assessment by Application
• Canada Diesel Genset Market Top Companies Market Share
• Canada Diesel Genset Market Competitive Benchmarking by Technical and Operational Parameters
• Canada Diesel Genset Market Company Profiles
• Canada Diesel Genset Market Key Strategic Recommendation

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By kVA Rating

• 5 kVA - 75 kVA
• 75.1 kVA – 375 kVA
• 375.1 kVA - 750 kVA
• 750.1 KVA-1000 KVA
•  Above 1000 KVA

By Applications

• Residential
• Commercial
• Industrial
• Transportation & public Infrastructure

Frequently Asked Questions About the Market Study: FAQs