16th November,
2018- Diesel
Gensets Market is anticipated to witness a higher growth in the
assessed period. A diesel generator is a blend of diesel engine coupled with an
electric generator to produce electrical energy. Diesel gensets are used in
places having no connection to the power grid as emergency power supply on failure
of grid as well as for complex applications. Commercially, diesel gensets range
from 8kw to 30kw for homes, small shops & offices having large industrial
generators from 8kw up to 2000kw used for large office complexes and factories.
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Driving factors responsible
for the growth of diesel gensets market includes rapid industrialization and
urbanization. In addition, technological progress to monitor and record and the
status of power in diesel gensets is likely to add to the market growth in the
assessed period. Major growth factors include demand for longer supply of power
and electricity. However, government norms and regulations pertaining to
pollutions caused by diesel gensets and inception of emission regulatory is
likely to hinder the market growth in the assessed period. Also, the absence of
gas pipelines in most regions and power requirement in developing countries
owing to rapid urbanization adds as a hindering factor.
Product segmentation for
diesel gensets market includes low power rating, high power rating, very
high-power rating and medium power rating diesel gensets. High and very
high-power rating diesel gensets is likely to dominate the segment growth
during the assessed period.
Geographical segmentation for
diesel gensets market includes North America, South America, Europe,
Asia-Pacific, Middle-East and Africa. Asia-Pacific diesel gensets industry
dominates the market growth and is expected to outgrow soon since the APAC
market is driving towards maturity. Europe and North America market is also
expected to follow the trend since the market regions already are in a mature
phase. MEA market accounts for a larger share in due to technological progress
and infrastructural developments.
The key players in the diesel
gensets market include APR Energy PLC, Broadcrown Ltd, Cummins Inc, Caterpillar
Inc, Dresser-Rand Group Inc, F.G. Wilson Inc, Kirloskar Oil Engines Ltd, MTU
Onsite Energy Corporation, Wacker Neuson SE and Wuxi Kipor Power Co Ltd.
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