Diesel Genset Market Scope
The growing demand for Residential, Commercial Sectors will help to boost global diesel ganset market. Continuous population growth, infrastructure development and rapid industrialization in emerging economies are pacing demand for power. Diesel gensets have numerous advantages such as better fuel efficiency and low operating costs. Diesel gensets offer reliable and high-quality power, due to which they are extensively used for emergency power backup, as well as stand-alone power generation systems.
The market study is being classified by Type (Low Power Generators, Medium Power Generators and High Power Generators), by Application (Standby Backup Power, Prime Power and Peak Shaving Power) and major geographies with country level break-up.
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Diesel Genset market throughout the predicted period.
Atlas Copco (Sweden), Caterpillar Inc. (United States), Cummins Inc. (United States), Doosan Corporation (South Korea), Generac Holdings Inc. (United States), Kirloskar Oil Engines Limited (India), Kohler Co. (United States), Mitsubishi Heavy Industries Engine & Turbocharger Ltd (Japan), MTU Onsite Energy (MTU Friedrichshafen) (Germany) and Aggreko PLC (United Kingdom) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Himoinsa S.L. (Spain) and F.G.Wilson Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Diesel Genset market by Type, Application and Region.
On the basis of geography, the market of Diesel Genset 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). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Capacity, the sub-segment i.e. Less Than 75 kVA will boost the Diesel Genset market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Diesel Genset market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 5th March 2019, Cummins Inc. will debut the HSK78G natural gas generator series during the 2019 Middle East Electricity (MEE) at the Dubai World Trade Centre, March 5 – 7. Fueling the next generation of power, the series offers a total package of gas generator capabilities and innovative gas technology for prime and peaking power applications.
- High Demand for Electricity Globally Far Outstrips the Supply
- Upsurging Demand in Various Industrial Sector
- Surging Demand from Residential, Commercial Sectors
- Rising Demand from Various Emerging Economies
- Huge Demand for Remote Monitoring Of Genset
- Growing Demand for High-Power Genset
- Increasing Power Blackouts
- Fueling Petroleum Cost
- Growing Government Policies against Pollution
Key Target AudienceDiesel Genset Manufacturers and Suppliers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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