Report Overview

Taiwan Diesel Generator Market - Industry Trends & Forecast Report, 2030

Taiwan Diesel Generator Market size was estimated to be worth USD 90.06 million in 2023. During the forecast period between 2024 and 2030, Taiwan Diesel Generator Market size is projected to grow at a CAGR of 7.20%, reaching a value of USD 144.72 million by 2030. Major growth factors for Taiwan Diesel Generator Market include a shortage of power supply and growing demand for uninterrupted power supply from the residential sector and major industries, such as healthcare, which need continuous power supply. Furthermore, technological advancements, including smart monitoring systems, are anticipated to drive Taiwan diesel generator market during the forecast period.

Diesel Generator – Overview

A diesel generator produces electricity using an electric generator and a diesel engine. Combining the efficiencies of the diesel engine and alternator, the diesel generator has an efficiency range of 30–50%. Generators are practical devices that provide electricity during a power outage, preventing the interruption of daily activities or business operations. They have 50% higher energy efficiency than a gasoline generator operating at the same capacity because they burn fuel using compression heat rather than spark ignition.

Taiwan Diesel Generator Market

Growth Drivers

Power Outage and Increasing Energy Demands

According to the Atlantic Council’s Global Energy Center, Taiwan is facing a significant shortage of energy and electricity mainly due to high dependence on energy imports, which leads to energy supply disruption in the country. Taiwan has had many minor interruptions over the last year in addition to three significant outages in the previous seven years, as reported by CNBC. Many reports are also emerging stating the poor state of power supply in Taiwan province, and the power system of the country is said to be on the verge of collapse. As a result, people as well as businesses are investing in backup power sources, which is anticipated to boost the demand for the diesel generator market during the forecast period.

Challenges

Growing Shift towards Greener Technologies

The government's promotion of green technology adoption in Taiwan is emerging as a barrier to the diesel generator market in the country. Concerns about carbon footprints and climate change are growing, which is why companies and the government are promoting sustainability and lowering their reliance on fossil fuels. This may lead to a change in backup power sources toward renewable energy sources like solar panels and fuel cells. In order to lower their energy expenses and safeguard their companies against price fluctuations, energy-intensive industries like the automobile industry are also moving toward sustainable energy solutions, which may limit the demand for diesel generators during the forecast period.

Impact of Escalating Geopolitical Tensions on Taiwan Diesel Generator Market

Intensifying and further spreading of geopolitical tensions among countries across major regions could adversely affect the growth of Taiwan Diesel Generator Market in many ways. Geopolitical tensions, such as the Russia-Ukraine war or escalating tensions in Israel and its neighboring countries across the Middle East, disrupt the global supply chain for diesel generators and their components. The high dependence on international trade to source components to manufacture diesel generators and disruption in the supply chain lead to shortages and surges in prices. However, the demand for diesel generators may witness a potential rise due to the increased focus on enhancing energy security to ensure operational continuity amid heightened geopolitical risks.

Taiwan Diesel Generator Market

Segmental Coverage

Taiwan Diesel Generator Market – By Power Rating

Based on power rating, Taiwan Diesel Generator Market is segmented into low-power generators, medium-power generators, and high-power generators. The high-power generator segment holds the largest share of Taiwan Diesel Generator Market, due to the rising deployment of high-power generators in the manufacturing sector. The rapid industrialization and presence of leading sectors, including manufacturing, petrochemicals, steel and other metals, and military, directly propel the demand for high-power generators. However, the increased demand for portable generators in the household and small business sectors is also driving the market for medium-power generators.

Taiwan Diesel Generator Market – By Portability

By portability, Taiwan Diesel Generator Market is segmented into stationary and portable. The stationary segment accounts for a larger share of Taiwan Diesel Generator Market by portability. Stationary diesel generators are in high demand in Taiwan owing to the country's robust manufacturing sector. Stationary diesel generators are considered the most efficient power-producing equipment because of their turbocharger, which further absorbs energy from the exhaust stream's gases and partially compresses the intake air before the piston's compression stroke. As a result, the market for these diesel generators is expanding since they are used in large industries and companies.

Taiwan Diesel Generator Market – By Application

On the basis of application, Taiwan Diesel Generator Market is segmented into industrial, commercial, and residential. The commercial segment dominates Taiwan Diesel Generator Market owing to its growing demand from a wide range of industries, including healthcare, agriculture, government, telecom, hospitality, and others. These sectors deploy diesel generators to ensure uninterrupted power supply and prevent unwanted financial losses. However, the industrial segment is also growing at a substantial rate owing to the expanding manufacturing sector. Taiwan is one of the leading exporters of electronic products owing to high-tech production and global value chains. The growing production operations of electronic products in the country are fueling the demand for diesel generators.

Competitive Landscape

Major companies in the highly competitive Taiwan Diesel Generator Market include Genset Taiwan, Powermax, Prime Power, Shihlin Electric, Yanmar, Cummins, Caterpillar, Perkins, and Mitsubishi Heavy Industries. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Power Rating

• Low Power Generator

• Medium Power Generator

• High Power Generator

By Portability

• Stationary

• Portable

By Application

• Industrial

• Commercial

• Residential

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Taiwan Diesel Generator Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Demand for Uninterrupted Power Supply
         2. Expanding Industrialization and Urbanization
         3. Increasing Emergency Power Systems
      2. Restraints
         1. High Cost of Diesel Fuel
         2. Noise Pollution
      3. Opportunities
         1. Rising Demand for Data Centers and Telecommunications Infrastructure
         2. Advancements in Technology
      4. Challenges
         1. Environmental Concerns
         2. Maintenance and Operating Costs
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Taiwan Diesel Generator Market: Marketing Strategies
5. Taiwan Diesel Generator Market: Pricing Analysis
6. Taiwan Diesel Generator Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Power Rating
         1. Low Power Generator
         2. Medium Power Generator
         3. High Power Generator
      2. By Portability
         1. Stationary
         2. Portable
      3. By Application
         1. Industrial
         2. Commercial
         3. Residential
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Taiwan Diesel Generator Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on Taiwan Diesel Generator Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Genset Taiwan
   2. Powermax
   3. Prime Power
   4. Shihlin Electric
   5. Yanmar
   6. Cummins
   7. Caterpillar
   8. Perkins
   9. Mitsubishi Heavy Industries
   10. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Country
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Taiwan Diesel Generator  Segmentation       

Figure 2       Taiwan Diesel Generator Market Value Chain Analysis      

Figure 3       Company Market Share Analysis, 2023

Figure 4       Taiwan Diesel Generator Market Size, By Value (USD Million), 2019–2030     

Figure 5       Taiwan Diesel Generator Market Share, By Power Rating , By Value, 2019–2030         

Figure 6       Taiwan Diesel Generator Market Share, By Portability, By Value, 2019–2030 

Figure 7       Taiwan Diesel Generator Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1        Taiwan Diesel Generator Market Size, By Value (USD Million), 2019–2030

Table 2        Taiwan Diesel Generator Market Size, By Power Rating , By Value, 2019–2030

Table 3        Taiwan Diesel Generator Market Size, By Portability, By Value, 2019–2030

Table 4        Taiwan Diesel Generator Market Size, By Application, By Value, 2019–2030

Table 5        Genset Taiwan Company Overview

Table 6        Genset Taiwan Financial Overview

Table 7        Powermax Company Overview

Table 8        Powermax Financial Overview

Table 9        Prime Power Company Overview

Table 10      Prime Power Financial Overview

Table 11      Shihlin Electric Company Overview

Table 12      Shihlin Electric Financial Overview

Table 13      Yanmar Company Overview

Table 14      Yanmar Financial Overview

Table 15      Cummins Company Overview

Table 16      Cummins Financial Overview

Table 17      Caterpillar Company Overview

Table 18      Caterpillar Financial Overview

Table 19      Perkins Company Overview

Table 20      Perkins Financial Overview

Table 21      Mitsubishi Heavy Industries  Company Overview

Table 22      Mitsubishi Heavy Industries  Financial Overview