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.
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.
The economic expansion and large-scale
industrialization in the North American and European regions have created
enormous demand for power backup devices, leading to the rising demand for
diesel generators across the regions. The increased dependability of
commercial, industrial, and residential sectors over unceasing power for even
operational functioning is producing a productive market for diesel generators
and is projected to carry on throughout the forecast period.
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.).
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