What is Diesel Gensets Market Scope?
The global Diesel Gensets market is expected to witness high demand in the forecasted period due to the growing demand for uninterrupted power supply. A diesel generator is a combination of a diesel engine along with an electric generator thus forming a distributed generation unit. The basic function is power generation via an internal combustion engine to produce energy from gaseous fuels. The rising demand for uninterrupted and reliable power supply from the end-use segments, such as manufacturing and construction, power generation, marine, residential, telecom, oil and gas, chemical, and healthcare, is projected to boost the market growth over the forecast period.
The Diesel Gensets market study is being classified, by Application (Standby, Peak Shaving and Prime/Continuous) and major geographies with country level break-up. According to AMA, the Global Diesel Gensets market is expected to see growth rate of 8.2%
Research Analyst at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Diesel Gensets market throughout the predicted period.
Cummins Inc. (United States), Caterpillar Inc. (United States), Generac Holdings Inc. (United States), Aggreko PLC (United Kingdom), Atlas Copco AB (Sweden), Wartsila Corporation (Finland), Wacker Neuson SE (Germany), Mitsubishi Heavy Industries, Ltd. (Japan), Briggs & Stratton (United States), APR Energy Plc (United States) and Kirloskar Oil Engines Ltd. (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Dresser Rand Group, Inc. (United States), Pramac S.p.A. (Italy), Kohler Company Inc. (India), F.G. Wilson Inc. (United Kingdom), Broadcrown Ltd. (United States) and Sudhir Power Ltd. (India).
Analyst at AMA have segmented the market study of Global Diesel Gensets market by Type, Application and Region.
On the basis of geography, the market of Diesel Gensets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
In May 2020, Caterpillar Inc., one of the leading players in the generator sets market, has announced the introduction of Cat GC diesel generator sets in its wide product portfolio of diesel generators. Cat GC diesel generator sets are a stand-by generator set, which includes eight new models with standby power ratings from 250 kW to 600 kW.
Influencing Market Trend
- Favorable regulatory policies to boost investment
- Rapid industrialization & infrastructure development
- Growing demand for uninterrupted power supply
- Emerging trends in real estate
- Unreliable grid infrastructure coupled with rapid population growth
- Burgeoning expansion in the telecom sector
- High capital, installation & maintenance costs
- Shifting trends toward renewable power generation
Key Target AudienceManufacturer, Suppliers, Distributors, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others
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