Canada Diesel Generator Market Size & Outlook, 2022-2030
Canada diesel generator market, 2019-2030 (US$M)
Related Markets
Canada diesel generator market highlights
- The Canada diesel generator market generated a revenue of USD 292.9 million in 2022 and is expected to reach USD 659.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.7% from 2023 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2022.
- High Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
Diesel generator market data book summary
| Market revenue in 2022 | USD 292.9 million |
| Market revenue in 2030 | USD 659.5 million |
| Growth rate | 10.7% (CAGR from 2022 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | High Power Gensets |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, High Power Gensets |
| Key market players worldwide | Atlas Copco AB Class A, Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Honda Motor Co Ltd, Kohler, Rolls-Royce Holdings PLC, Wartsila Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 1.9% of the global diesel generator market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. diesel generator market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 649.5 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada diesel generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diesel generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 38.07% in 2022. Horizon Databook has segmented the Canada diesel generator market based on low power gensets, medium power gensets, high power gensets covering the revenue growth of each sub-segment from 2019 to 2030.
In terms of revenue, Canada accounted for 9.55% of the North American diesel generator market share in 2021. The commercial and industrial sectors generate the highest demand for backup power systems in the country. Numerous energy-intensive industrial activities are the key catalysts for the growing electricity demand from the industrial sector.
This trend is expected to continue as the country seeks to increase its oil & gas pipeline infrastructure, which is expected to fuel the demand for additional refineries requiring a tremendous amount of backup power systems for standby power in an emergency.
The demand for backup power systems in industrial and commercial applications is projected to drive the product demand in the country over the forecast period. However, the Western Canadian Sedimentary Basin comprising Alberta, British Columbia, and Saskatchewan is a major natural gas producing area in Canada.
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Our clientele includes a mix of diesel generator market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada diesel generator market , including forecasts for subscribers. This country databook contains high-level insights into Canada diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada diesel generator market size, by power rating, 2019-2030 (US$M)
Canada Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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