Diesel Generator Market –
Overview
The
escalated global demand for uninterrupted power transmission is raising the
demand for diesel generator sets. Market reports related with the energy and
power industry have been presented by Market Research Future which makes
reports on other industry verticals that aims to analyze the current market
scenarios better. The market is estimated to attain a 6.5 % CAGR in the
duration of the forecast period.
The
unmatched growth in the commercial sector is necessitating the use of diesel
generators to ensure stable operations. The diesel generator market has gained
significant traction due to the amplified occurrence of natural disasters
globally. The mounting critical applications of diesel generators in power station
systems and large-scale data centers are expected to create profitable avenues
for growth in the diesel generator market.
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Segmental Analysis
The
segmental analysis of the diesel generator market has been carried out the
basis of operation, end-user, portability, and power rating. Based on
portability, the diesel generator market is divided into portable and
stationary. The segmentation on the basis of operation, the diesel generator
market is segmented into standby power, peak savings, and continuous power. On
the basis of power rating, the diesel generator market is segmented into up to
1.0 MW - 5.0 MW, 0.5 MW, 0.5 MW - 1.0 MW, and above 5.0 MW. On the basis of end
user, the diesel generator market is segmented into commercial, industrial and
residential.
Regional Analysis
The
regional analysis observes that the use of diesel generators through major
end-use sectors at an extensive level in various regions is motivating the
market’s growth.
The
development is principally accredited to the rise in power outages &
failure and increasing demand for incessant & reliable power supply in
several countries, which is expected to endure during the forecast years. The
Asia Pacific region is responsible for the chief share of the diesel generator
market in 2016, while China, Japan, India, and other leading Southeast Asian
countries have contributed mainly towards the market development. Though, South
America and Africa regions are expected to appear as one of the leading markets
for diesel generator globally due to intensifying power needs.
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Competitive Analysis
The
market trends hint at favorable development of the products that can bring in
novelty to the product range and address the customer need better. The presence
of a productive entity is expected to generate more sales or superior margins
compared to its market rivals. The advent of new technology has boosted the
growth potential of the market. Substantial cutbacks in administrative finances
are bringing further development to the market. The market shows potential for
demonstrating a greater comparative or differential value. The development of a
strong value chain is moreover motivating the expansion of the market. The
market competitors find themselves in a favorable position with the ability to
manage the pace of change.
Prominent Players
The
notable contenders in the diesel generator market are Generac Holdings Inc.
(U.S.), Cummins Inc. (U.S.), Mitsubishi Heavy Industries Engine &
Turbocharger, Ltd. (Japan), Wuxi Kipor Power Co. Ltd. (China), Caterpillar Inc.
(U.S.), Wartsila Corporation (Finland), Kohler Co. (U.S.), Rolls-Royce Power
Systems AG (Germany), MAN Diesel & Turbo SE (Germany), AKSA Power
Generation. (Turkey), Aggreko PLC (U.K), and General Electric Company (U.S.).
Industry Updates
Feb
2019 Rolls Royce has recently signed a contract to deliver its MTU diesel
generators to supply back-up power to the brand-new nuclear power station at
Hinkley Point C in Somerset. Rolls Royce is using its extensive in-house
ability to provide four generator sets, all instrumentation and controls, and
full systems integration. This contract is placed together with another for the
facility of Hinkley Point C heat exchangers and associated systems.
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