Diesel gensets is referred to as the combination of the electric generator and diesel engine to generate electrical energy. The global diesel gensets market is influenced by the rising demand of diesel gensets in residential, commercial and industrial sectors coupled with increasing energy demand in these sectors. Moreover, the growing industrial and commercial sector in emerging economies further propels the market growth during the forecast period. However, high cost for maintenance and operation of diesel gensets in small enterprises is anticipated to restrain the market growth during the forecast period.
The global diesel gensets market is classified on the basis of product type, and application. Based on product type, the global diesel gensets market is further segmented into high power gensets, medium power gensets, and low power gensets. The low power gensets segment is estimated to have considerable market share in the global diesel gensets market. These gensets are commonly utilized a source of emergency in residential and commercial applications. Based on the end-user, the global diesel gensets market is further classified into residential, and non-residential (commercial, and industrial). Among these, non-residential segment is estimated to have significant market growth due to the increasing demand for diesel generators in corporate houses, hotels and other commercial applications.
Moreover, the global diesel gensets market is further classified on the basis of geography into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is projected to have significant market share in the global diesel gensets market due to rising per capita income. In addition, increasing manufacturing sector coupled with growing consumer industry in the emerging economies such as China, and India further contribute to the growth of the market in the tregion. Moreover, North America and Europe are anticipated to have considerable market growth in the global diesel gensets market due to technological advancement in the diesel gensets and high demand in the commercial sector.
Some of the players that contribute to the growth of the global diesel gensets market include Aggreko PLC. Caterpillar Inc., Cummins Inc., Generac Power Systems, Inc., General Electric Co., Kirloskar Electric Co., Ltd., Mitsubishi Heavy Industries, Ltd., Siemens AG, Kohler Co., Inc., Atlas Copco Group and others. These market players are contributing to the market by continuously launching new products that comply with the guidelines set by different regulatory bodies. For instance, in May 2017, Caterpillar Inc. announced the launch of Cat XQ125 mobile diesel generator set and enhanced the company’s line of tier 4 final rental power solutions. It is categorized at 125 kVA and comprises a cat connect platform that can remotely monitor multiple generators set parameters.
Research Methodology:
The market study of the global diesel gensets market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalogue
The report is intended for diesel gensets systems providers, distributed energy generation solution providers, manufacturing companies, potential investors, traders and distributors for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global diesel gensets Market Research and Analysis, By Product Type
- Global diesel gensets Market Research and Analysis, By Application
The Report covers:
- Comprehensive research methodology of the global diesel gensets market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global diesel gensets market.
- Insights about market determinants which are stimulating the global diesel gensets market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
