The global market for diesel gensets, the electric generators that are a combination of electric generators and diesel engines, and its crucial elements have been examined in a detailed market research report by Transparency Market Research.
The report, titled “Diesel Gensets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, analyzes the market depending on major market segments, regional markets, and current market trends, and gives a forward-looking perspective of the market’s growth prospects over the period between 2013 and 2019.
The report states that the global market for diesel gensets is primarily driven by the need for mobile, reliable, and easy-to-use electricity backups that can be conveniently used across off-grid locations or can be connected with other electricity sources located in regions covered by the grid. Moreover, the inefficiency of cable-based distribution and transmission power units in effectively supplying power over long distances is also an important factor boosting the popularity of diesel gensets in the global market.
However, the market can face challenges in the form of the rising popularity and improved efficiencies of power storage batteries and the growing awareness regarding the use of renewable sources of energy. Nevertheless, the global gensets market can achieve good growth by exploring the several untapped opportunities in developing economies where industrialization is progressing at a rapid pace and several new industries are projected to be established over the next decade.
The global diesel gensets market can be segmented on the basis of criteria such as fuel storage, size, and the desired power rating from the genset. On the basis of power rating, the market can be segmented into base-load rating, prime rating, and standby rating.
On the basis of geography, the report segments the global diesel gensets market into North America, Europe, Asia Pacific, and Rest of the World. Of these, North America and Europe, which are the traditional markets for diesel gensets, are expected to exhibit growth at a steady pace over the report’s forecast period. Technological developments in the telecom sector in developing countries in Asia Pacific, such as India, are expected to be a major driver for the global diesel gensets market over the report’s forecast period.
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The report also presents a comprehensive overview of the competitive landscape of the global diesel gensets market, wherein it gives a detailed account of the business profiles, SWOT analysis, new project feasibility analysis, finance-related details, and recent developments pertaining to some of the leading vendors in the market.
Some of the leading vendors operating in the global diesel gensets market profiled in the report are Briggs & Stratton, Dresser-Rand, Caterpillar, Generac Power Systems, Cummins, Guascor Power, GE Energy, MTU Onsite Energy, Wartsila, and Kohler Co.
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