The global diesel generator market size was valued at USD 12.65 billion in 2014 and is
projected to exhibit a CAGR of 6.8% during the forecast period. Surging demand
from residential, commercial, and industrial sectors is expected to drive the
market. In addition, rising demand from various emerging economies is expected
to propel demand over the forecast period.
The current demand for
electricity globally far outstrips the supply. Factors such as continuous
population growth, infrastructure development and rapid industrialization in
emerging economies are pacing demand for power. Diesel gensets have numerous
advantages such as low operating costs and better fuel efficiency.
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.
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.
For More
Information: www.grandviewresearch.com
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