Diesel generator Global Market – Overview
The global diesel generator market is an immense dynamic market and is anticipated to witness high growth for the forecast period. The augmented application of diesel generator across various end-user is majorly influenced by the increasing demand for uninterrupted & reliable power supply. Also, the growing number of power outages and power failure in the emerging and underdeveloped countries across the world is generating a huge demand for power backup devices, which is catered through diesel generator. As per the study conducted by Market Research Future, the global market for diesel generator is likely to grow at the CAGR of around 5%.
Electricity has become a vital prerequisite for supplementing economic activity and enlightening quality of life. The growing demand for continuous and reliable power supply has become a need in today’s world. To support this growing need, a reliable source of power generation is required. Diesel generator provide an uninterrupted, prime and standby source of power generation at industrial, commercial and residential sector. In the last decade, numerous technological advancements have aided upgrading diesel generator which have enhanced their fuel efficiency, subsequently their diesel engine technology.
Key Players
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
- Mitsubishi Heavy Industries, Ltd.
- Kirloskar Group
- Briggs & Stratton
- Wärtsilä
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Industry News
In May, 2017 – Caterpillar launched all new CAT RP12000 E portable generators in North America for U.S. and Canada. The new generator fills out the highest of the series, delivering 12kW of running power and new features to meet the specific needs of the “pro-summer” – emergency home back-up, DIY (Do-it-yourself) enthusiasts and contractors.
In July, 2017 – HIMOINSA inaugurated a new factory for Argentina and southern cone, situated in Santa Fe and occupying some 12,000 square metres, the brand new centre has the capacity to produce 3,000 diesel generator of between 8kVA and 1745kVA each year.
In January, 2017 – APR Energy, a global leader in fast-track power solutions, and GE proclaimed that they have rehabilitated their strategic alliance to deliver mobile turbine technology into the fast-track power rental market.
In October, 2017 – Cummins, Inc. proclaimed the new C125N6 and C150N6 models in the QSL8.9G Series. The Cummins commercial generator set is a completely integrated power generation system providing optimum performance, reliability, and versatility for stationary standby power applications.
Diesel generator Global Market – Segmentation
The scope of global diesel generator market is segmented into four major segments which are explained below:
- By Portability Type
- Stationary Generators
- Portable Generators
- By Operation Type
- Standby Power
- Peak Savings
- Continuous Power
- By Power Ratings
- 0-100 kVA
- 350 kVA
- 350-1000 kVA
- Above 1000 kVA
- By End-User
- Industrial
- Commercial
- Residential
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Diesel generator Global Market – Competitive Analysis
The global market for diesel generator seems to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
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