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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Diesel Generators are Fuel
Efficient and known for customized applications related to industrial power and
electrical control equipment for operation of industrial machinery, power
generation, and control equipment for the T&D industry. Hence they find a
vast area of application and the market of Diesel Generators is ever
increasing.
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.
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Regional
Analysis
The Asia-Pacific region is the
leading market for diesel generators market and it is closely followed by
Middle East and Africa market. The rapid industrial development in the
countries such as India and China where there are issues with continuous
reliable power, is driving the market for diesel generators. The North America and Europe market is
expected to witness decline due to the restraints in emission from diesel
engines.
Competitive
Analysis
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/
Innovation/ Related News
December 26, 2017
– The Cummins Group, one of the world’s largest manufacturers of engines and
Diesel Generators, said that the company is in talks to acquire a controlling
stake in Kirloskar Oil Engines Ltd in a deal valued at over $500 million through
one of its Indian subsidiaries, two people aware of talks between the companies
said. The acquisition, if materializes, will be the second such between the
companies since 2013 when Cummins India acquired majority stake in Kirloskar
Cummins
December 21, 2017
– Mahindra Powerol (India) a unit of the Mahindra Group, declared its plan to
launch high power diesel generator sets in 500 kVA and above category in the
next two years. The company also mentioned that it is in talks with a
number of global and domestic players for a technology tie-up. The company is
also looking to increase exports revenue of its generator business to 25 per
cent in the next financial year from the existing around 16 per cent.
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