United Kingdom (UK) Diesel Genset Market (2022-2028) | Size, Revenue, Analysis, Forecast, Trends, Growth, Value, Industry, Outlook & COVID-19 IMPACT

UK Diesel Genset Market | Country-Wise Share and Competition Analysis

In the year 2021, the USA  was the largest exporter in terms of value, followed by Spain. It has registered a decline of -5.21% over the previous year. While Spain registered a growth of 19.34% as compared to the previous year. In the year 2017, the USA was the largest exporter followed by France. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the UK has a Herfindahl index of 1736 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1413 which signifies high competitiveness in the market.

UK Diesel Genset Market - Export Market OpportunitiesTopics Covered In the United Kingdom (UK) Diesel Genset Market

The United Kingdom Diesel Genset Market report thoroughly covers the market by kVA Ratings, Applications, and Regions. The 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.

Latest Development (2023) of the United Kingdom (UK) Diesel Genset Market

The United Kingdom (UK) Diesel Genset Market is witnessing a major shift towards sustainable power solutions. There is an increase in demand for clean energy sources due to the government's push towards net-zero emissions by 2050. There is an increase in the adoption of digital technologies in diesel gensets. The integration of IoT (Internet of Things) provides remote monitoring of the performance and real-time analysis to ensure maximum efficiency and reliability of these machines. There is development in the noise reduction technology used in diesel gensets. This implies that businesses can now operate their machines without making noise pollution while having a reliable solution. The healthcare sector is the major consumer of these gensets machines. The concern regarding power blackouts during the critical situation has led to a surge in demand for the machines. The market is witnessing positive changes and various industries are benefitting from it.

United Kingdom Diesel Genset Market Synopsis

The United Kingdom diesel genset market is anticipated to witness a notable decline during the forecast period, on the back of government initiatives to promote green energy to achieve the Net Zero emission objective of the United Kingdom by 2050. Such initiatives are leading to push hydrogen as an alternate fuel, which is further expected to gain traction in the years to come. In the last year, the outburst of coronavirus has adversely affected the United Kingdom diesel genset market, as the government imposed a nationwide lockdown that has led to the closure of all construction operations and disrupted the demand and supply of diesel genset systems. 

According to 6Wresearch, the United Kingdom Diesel Genset Market revenue is projected to decline at a CAGR of 4.5% during 2022-2028. Attributed to the presence of a robust industrial sector in the United Kingdom along with a rapidly evolving manufacturing sector and rallying healthcare sector because of COVID-19, the demand for standalone power in the United Kingdom would augment during the forecast years. Standalone power solutions such as renewable energy sources and hydrogen genset a replacement for diesel genset would not be able to meet the entire demand for standalone solutions in the United Kingdom. Henceforth, the market of diesel genset is expected to recapitalize and contract during the forecast years. Industrial segments provide opportunities for the diesel gensets demand in the country during the forecast period on account of the rising government’s focus on industrial development including implementation of the required infrastructure such as infusing $ 34 bn to support investments in transport, housing, and digital infrastructure. Additionally, $ 1.1 bn of public investment into the telecom sector which includes $ 193.19 m for 5G and $ 220 m for roll out of a full fiber network across the United Kingdom is expected to garner demand for diesel genset in a retrospectively falling market. 

Market by Application Analysis  

In terms of application, the segments above 1000 kVA diesel genset have captured 30% of the market revenues in 2021. However, in a shrinking market of Diesel Genset, 75-375 kVA is expected to shrink lesser that the market on account of rising activities across various sectors in the United Kingdom like the industrial sector, petrochemical sector, power plants, etc.

Market by Regions Analysis  

In the United Kingdom diesel genset Market, the Northern region has led the overall market revenues accounting for more than 60% of the market revenues in 2021. The outcome is attributed to the northern region incorporating the country's offshore territories such as the Cayman Islands Falkland Islands, Gibraltar, and others. 

COVID-19 Impact on the United Kingdom (UK) Diesel Genset Market

The sudden outburst of the pandemic brought many unprecedented changes in the Diesel Genset (Generator) Market in the United Kingdom. Due to government restrictions and health concerns, the industries and businesses were shut down and it led to decline in the sales of the diesel generators. There was less usage of the diesel generators as the companies had to scale back their operations due to a reduction in the workforce and there was less requirement for power and which led to less usage of the diesel generators. The supply chain disruptions and uncertainties in trade led to a reduction in the sales of the generators.

United Kingdom Diesel Genset (Generator) Market: Key Players

These are notable players in the market who offers a wide range of generator products and cater to the requirements of various industries.

• Caterpillar Inc.
• Cummins Inc.
• Kohler Co.
• Atlas Copco AB
• Wärtsilä Corporation
• Generac Power Systems, Inc.
• Rolls-Royce Holdings plc
• Himoinsa S.L.
• Mitsubishi Heavy Industries, Ltd.
• Yanmar Holdings Co., Ltd.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• United Kingdom diesel genset Market Overview
• United Kingdom diesel genset Market Outlook
• United Kingdom diesel genset Market Forecast
• Historical Data and Forecast of United Kingdom diesel genset Market Revenues for the Period 2018-2028F
• Historical Data and Forecast of Revenues, By kVA Ratings, Applications, and Regions for the Period 2018-2028F
• Market Drivers and Restraints
• United Kingdom diesel genset Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis 
• United Kingdom diesel genset Market - Impact Analysis of COVID-19
• Market Opportunity Assessment
• United Kingdom diesel genset Market Revenue Ranking, By Company
• United Kingdom diesel genset Market – Import Trade Statistics
• Competitive Benchmarking
• Company Profiles 
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By kVA Ratings

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

By Applications

• Industrial
• Commercial
• Transportation and Public Infrastructure
• Residential

By Regions

• Northern
• Southern

United Kingdom (UK) Diesel Genset Market: FAQs