According to MarketIntelReports “Global Diesel Gensets Market Research Report 2017”:
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Diesel gensets supply electrical power to households and industries during power cuts and power deficiency for preventing discontinuity in the operations and daily activities. They work on the principle of converting kinetic energy to electrical energy. The diesel generator sets are made of an internal combustion engine which is fuelled by diesel and alternators. Based on the power production capacity, the Diesel Gensets Market is classified under four categories namely low power rating (below 60 kilowatts), medium power rating (60 kilowatts-300 kilowatts), high power rating(300 kilowatts-1 megawatt), and very high power rating(1 megawatt and above). Heavy industries, Information Technology, commercial zones, and residential areas depend on the diesel engine generator set.
Scope & Regional Forecast of the Diesel Gensets Market
The Diesel Gensets Market is driven by the need for reliable mobile, and easy to use backup of electricity either in the off-grid locations or coupled with existing locations covered by the grid. Another reason for the popularity of the diesel generating set is the inefficiency associated with distribution & transmission of power through cables over long distances. Since the electrical industry focuses on the supply of continuous power for alleviating any emergency, the diesel gensets are likely to play an important role.
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There is an opportunity of expanding the Diesel Gensets Market in emerging economies where many new industries are likely to be established in the next decade. Proper and timely maintenance of the electric diesel generator can ensure that this objective is fulfilled through cost reduction and improved performance. Europe and North America which are the markets for the generator set diesel are likely to remain stable and unchanged in the next decade.
In Asia, India and China are expected to add more power plants which leads to the demand of diesel generator operation in the Diesel Gensets Market. The technological improvements in the telecom sector in India are expected to be a major driver for the growth of the diesel engine power generator. In Middle East and Africa, the power generation using oil & gas is likely to be backed using the dg diesel generator to prevent grid brownouts.
Segmentations & Key Players Involved in the Diesel Gensets Market
The Diesel Gensets Market can be broken down into various segments as follows:
- Product- Low Power (750 KVA).
- Application- Residential, Commercial, and Industrial.
- Region- North America, Europe, China, Japan, Southeast Asia, and India.
Some of the key players involved in the Diesel Gensets Market are as follows:
- Cummins Inc.
- Caterpillar Inc.
- Generac Holdings Inc.
- Aggreko PLC
- Atlas Copco AB
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