Rising Demand for Electrical Energy to Propel Global Diesel Generator Market to $17.6 Billion by 2020

“Global Diesel Generator Market”
Generator manufacturers hope hybrid systems, which improve the overall efficiency and output of renewable energy power plants, will drive demand for diesel generators. Currently, governments in developing countries are struggling to meet capacity addition needs due to industrialization and increasing GDP fuel electricity requirements, probably diesel generators may offer a seemingly cost-effective solution to this problem.

The global diesel generator market is estimated to grow from $14.7 billion in 2016 to $17.6 billion in 2020, representing a compound annual growth rate of 4.5%, according to a leading research and consulting firm. This report provides analysis of the diesel generator market across the seven major countries of the US, UK, Germany, China, India, Nigeria and South Africa, including annualized market data from 2010 and forecast to 2020.
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The price of a gas generator can be three to four times that of a diesel generator with the same specification. Although, it loses out to diesel generator due to its high start-up cost even if it is more economical than diesel generator in the long term.

A developing country like China, benefits from the cost and effectiveness of diesel generators, with improved living standards increasing the demand for power back-up devices. In 2015, the Chinese diesel generator market was worth over $3 billion and accounted for 22.1% of the global market.

Many developing countries around the world still lack adequate grid infrastructure for electrical energy transmission, and not every country is rich in natural gas reserves. The absence of trans-national or domestic gas pipelines means the price of gas increases, making it a less preferred fuel option. In this way, power back-up units such as diesel generators play an important part in meeting electricity needs.

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The report analyses global diesel generator market in detail. Its scope includes –

– An in-depth analysis of the diesel generator market in US, UK, Germany, China, India, Nigeria and South Africa.

– Covering market size for the period from 2010 to 2020 for diesel generators.

– Market share of players/leading players for diesel generators in 2015.

– It discusses the key drivers and restraints impacting the diesel generator market at global and country level.

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Reasons to buy

Global Diesel Generator Market, Update 2016 Research Report will enhance one’s decision making capability in a more rapid and time sensitive manner. It will allow one to –

– Facilitate decision making, by providing historical and forecast data on the revenue for diesel generator market

– Develop strategies based on the various market developments in the diesel generator market

– Identify key partners and business development avenues, based on an understanding of the market movements of the major competitors in the diesel generator market.

– Respond to your competitors’ business structure, strategy and prospects

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