The global diesel generators market size is expected to
reach USD 21.37 billion by 2022, registering a CAGR of 6.8% during the forecast
years, according Grand View Research, Inc. Favorable growth of end-use
industries such as oil and gas, telecom, mining, and retail is likely to
augment demand for diesel gensets in the upcoming years. Diesel gensets offer a
reliable and high-quality power, due to which they are widely used for
emergency power backup, as well as stand-alone power generation systems.
Major companies in the diesel gensets
market are continuously striving to find the next-generation diesel generators
due to strict regulations. The next-generation generators have built-in
electronic governors and automatic voltage regulators. These technologies
automatically control the speed of generator engines as needed, thereby making
the generators more energy-efficient. They also have some additional features
such as remote monitoring of genset. These developments may help the
sustainability of diesel gensets, thereby boosting the market growth.
Diesel gensets are segmented on the basis
of power ratings such as low power (0-350 kVA), medium power (350-1000 kVA),
and high power (above 1000 kVA). Low power gensets are mostly used in
residential sector. They accounted for 49.0% of the global diesel generator
market share in 2014; however, are expected to lose this share to medium and
high power gensets over the forecast period. Rapid industrialization in
emerging economies including India, China, and Brazil is expected to drive
demand for medium and high-powered gensets.
Access Research Report of Diesel Generators
Market@ https://www.grandviewresearch.com/industry-analysis/diesel-gensets-industry
Further key findings
from the study suggest:
· The
global diesel gensets market generated USD 12.65 billion in 2014 and will reach
USD 21.37 billion by 2022
· By
product, low power gensets led the market and held 49.0% of the market in 2014
· On
the basis of end use, the commercial segment dominated the market with an
estimated share of 31.0% in 2014
· Key
companies include Cummins Inc.; Generac Power Holdings, Inc.; FG Wilson Inc.;
Himoinsa S.L.; Mitsubishi Heavy Industries, Ltd.; Caterpillar Inc.; and Atlas Copco
AB
· In
December 2013, Neuson launched a new mobile generator model 256 kW/320kVA. This
new model is compliant with EPA and California Air Resource Board standards.
Grand
View Research has segmented the global diesel generators market on the basis of
product, end use, and region:
Diesel Generators Product Outlook (Revenue,
USD Million, 2013 - 2022)
·
Low
Power Generators
·
Medium
Power Generators
·
High
Power Generators
Diesel Generators End-use Outlook (Revenue,
USD Million, 2013 - 2022)
·
Residential
·
Commercial
·
Industrial
Diesel Generators Regional Outlook
(Revenue, USD Million, 2013 - 2022)
·
North
America
o U.S.
·
Europe
o Germany
o U.K.
·
Asia
Pacific
o China
o India
o Japan
·
Latin
America
o Brazil
·
Middle
East & Africa
o Saudi Arabia
Access
Press Release of Diesel Generators Market@ https://www.grandviewresearch.com/press-release/global-diesel-genset-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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