Market Forecast By KVA Rating (5 KVA-75 KVA, 75.1 KVA-375 KVA, 375.1 KVA-750 KVA, 750.1 KVA-1000 KVA And Above 1000 KVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Regions (Eastern, Northern, Western And Southern) And Competitive Landscape
|Product Code: ETC090010
|Publication Date: Dec 2023
|Updated Date: Dec 2023
|Product Type: Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
Germany 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.
Germany Diesel Genset Market is expected to attain major growth due to the growing demand for electricity, coupled with concerns over energy security and environmental safety, has spurred the development of diesel gensets in Germany. Diesel gensets, which are power generators that use diesel fuel as their primary power source, are increasingly deployed in a wide range of applications, such as backup power for residential and commercial facilities, off-grid electrification for remote areas, and support for renewable energy systems. The diesel genset market is gaining immense traction in Germany. There is a growing demand for reliable and efficient power sources, making generators indispensable in households, commercial establishments, and industries.
According to 6Wresearch, the Germany Diesel Genset Market size is projected to grow at the CAGR of 5.5 % during the forecast period of 2024-2030. The diesel genset market in Germany is driven by a variety of factors, including the ever-growing need for uninterrupted power supply in various industries and government agencies. Generally, the industrial sector is increasingly dependent on diesel gensets to guarantee an uninterrupted power supply, especially in areas without access to the national grid. Along with this, the growth in infrastructure and construction has resulted in significant investments in power backup systems, thus driving the need for diesel gensets. Besides, the increasing demand for emergency backup power in several residential and commercial applications clearly indicates the need for diesel gensets as backup power sources. Despite the growing demand, the Diesel genset Market in Germany is not without its challenges. One of the challenges is the additional costs associated with the maintenance of diesel gensets. The high costs of diesel fuel consumption are also among the challenges faced by the industry. Additionally, the competition from natural gas-based gensets has increased steadily, making it difficult for diesel gensets to maintain a competitive edge. The use of diesel gensets has also posed a significant threat to the environment, with diesel engines emitting greenhouse gases and other pollutants.
The German government has introduced several initiatives aimed at reducing carbon emissions and promoting renewable energy sources. The government recently announced plans to phase out the use of coal, which could serve as an opportunity for the Germany Diesel Genset Industry. The government also offers incentives for diesel genset manufacturers and users willing to switch to more environmentally friendly options. The German government has initiated policies and schemes that support the development and use of diesel gensets. For instance, the Energy Concept proposed to increase the role of diesel gensets in the country's energy sector and incentivized the use of Clean Development Mechanisms for diesel generators in agriculture. The Federal Ministry of Economics and Energy (BMWi) also recently introduced a package to promote the improvement of power supply security in emergencies, advocating for the use of diesel gensets among households and industries.
Various organizations and companies are playing a significant role in Germany Diesel Genset Market Growth. Key players in this industry include Caterpillar Inc., Wärtsilä, and Cummins Inc. Other market players include MTU Onsite Energy, Siemens AG, and Kohler Power System, among others. These companies have made significant investments in research and development to improve their products' performance while reducing operating costs.
The 5 kVA - 75 kVA gensets have the highest growth potential, mainly due to the increasing demand from small-scale businesses and residential sectors, leading to increase in Germany Diesel Genset Market Share. These gensets are compact, cost-efficient, and require minimal maintenance, making them the ideal choice for smaller users who have a limited budget. Moreover, the government incentives for the use of renewable energy have brought attention to small-scale or off-grid projects, where the demand for these smaller gensets is growing steadily.
According to Ravi Bhandari, Research Head, 6Wresearch, the industrial sector has a high demand for diesel gensets, especially in manufacturing and heavy industries. The commercial sector, which includes hotels, restaurants, and shopping centres, is also expected to see steady growth.
The report offers a comprehensive study of the subsequent market segments:
|1 Executive Summary
|2.1 Key Highlights of the Report
|2.2 Report Description
|2.3 Market Scope & Segmentation
|2.4 Research Methodology
|3 Germany Diesel Genset Market Overview
|3.1 Germany Country Macro Economic Indicators
|3.2 Germany Diesel Genset Market Revenues & Volume, 2020 & 2030F
|3.3 Germany Diesel Genset Market- Industry Life Cycle
|3.4 Germany Diesel Genset Market- Porter's Five Forces
|3.5 Germany Diesel Genset Market Revenues & Volume Share, By KVA rating , 2023 & 2030F
|3.6 Germany Diesel Genset Market Revenues & Volume Share, By Application 2023 & 2030F
|4 Germany Diesel Genset Market Dynamics
|4.1 Impact Analysis
|4.2 Market Drivers
|4.3 Market Restraints
|5 Germany Diesel Genset Market Trends
|6. Germany Diesel Genset Market, By KVA Ratings
|6.1 Germany Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2020 & 2030F
|6.2 Germany Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2020 & 2030F
|6.3 Germany Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2020 & 2030F
|6.3 Germany Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2020 & 2030F
|6.3 Germany Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2020 & 2030F
|7 Germany Diesel Genset Market, By Application
|7.1 Germany Diesel Genset Market Revenues & Volume, By Residential, 2020 & 2030F
|7.2 Germany Diesel Genset Market Revenues & Volume, By Commercial, 2020 & 2030F
|7.3 Germany Diesel Genset Market Revenues & Volume, By Industrial, 2020 & 2030F
|7.3 Germany Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2020 & 2030F
|8 Germany Diesel Genset Market Import-Export Trade Statistics
|8.1 Germany Diesel Genset Market Export to Major Countries
|8.2 Germany Diesel Genset Market Imports from Major Countries
|9 Germany Diesel Genset Market Key Performance Indicators
|10 Germany Diesel Genset Market- Opportunity Assessment
|10.1 Germany Diesel Genset Market Opportunity Assessment, By KVA rating , 2030
|10.2 Germany Diesel Genset Market Opportunity Assessment, By Application, 2030
|11 Germany Diesel Genset Market- Competitive Landscape
|11.1 Germany Diesel Genset Market Revenue Share, By Companies, 2023
|11.2 Germany Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters
|12 Company Profiles
Market Forecast By KVA (5 - 75 KVA, 75.1 - 375 KVA, 375.1 - 750 KVA, 750.1 - 1000 KVA, Above 1000 KVA), By Application (Residential, Commercial, Industrial, Transportation & Public Infrastructure) And Competitive Landscape
|Product Code: ETC090010
|Publication Date: Mar 2023
|Product Type: Market Research Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
Germany Diesel Genset (Generator) Market report thoroughly covers the market by various trends and segments. This report comes under Europe Diesel Genset (Generator) Market that further provides an in-depth analysis. The regional market report is a part of the Global Diesel Genset (Generator) Market which further delivers an unbiased analysis of the ongoing market drivers and opportunities of current and future market dynamics.
Germany Diesel Genset Market is primarily driven by the increasing demand for uninterrupted power supply in various industries, the increasing adoption of diesel generators in the construction & mining industries, and the growing need for backup power. Additionally, the government is focusing on reducing carbon emissions and promoting renewable energy sources which are driving the adoption of fuel-efficient diesel generators. The diesel generator market in Germany is witnessing significant growth due to increasing demand from various end-use industries. Apart from this, the growing demand for data centres in Germany has led to the expansion of existing facilities and the construction of new ones.
In addition, the need for sustainable power solutions has led to the development of hybrid generators that can run on both diesel and renewable energy sources. Moreover, the increasing adoption of IoT and smart technologies has led to the development of smart generators that can be remotely monitored and controlled. Further, the government has been promoting the use of renewable energy sources to reduce carbon emissions. Thereby, driving the growth of the Germany Diesel Genset (Generator) Industry.
Germany Diesel Genset Market is anticipated to register modest growth during the upcoming period owing to the rapid development of infrastructure. The development of infrastructure drives the demand for regular and adequate electricity supply further contributing to the development of the market. The growth of the market is also driven by key factor such as rising urbanization and the development of the construction sector. Additionally, the growing population backed by the expansion of residential areas is driving the development of the Diesel Generator Market in Germany.
According to 6Wreseach, the Germany Diesel Generator Market size is projected to grow at a CAGR of 2.2% during 2021-2027. Germany occupies 2nd position in terms of the market size in the Europe Diesel Genset Market. The strengthening of the hospitality sector coupled with the rising number of hotels and restaurants driving the need for increased electricity supply further beholds the growth of the market. Moreover, the increasing establishment of offices, shopping malls and complexes is also leading to the development of the Diesel Genset Market in Germany. However, the market suffered a major setback due to the outburst of COVID-19. The nationwide lockdown hampered the growth of the market due to the restriction on public gatherings and the shutting down of manufacturing units.
In terms of market by kVA ratings, Above 1000KVA dominates the market and is expected to remain in a dominant position in the coming years. However, the 375.1KVA-750KVA rating is expected to have the fastest growth rate among all ratings.
In terms of application, Commercial dominates the market and is expected to remain in a dominant position in the coming years. However, Transport and Infrastructure are expected to have the fastest growth rate among all applications.
The report provides a detailed analysis of the following Market segments: