Diesel Generators Market: increase in demand for industrial applications and efficient fuel consumption
A diesel generator is the combination of diesel engine with an electrically powered generator to produce energy. This is an explicit case of engine generator. These sets are used in place deprived of connection to power grid or as emergency power supply if grid fails, as well as for complex tenders such as peak-lopping, grid support and export to the power grid. There is high scope for the growth of Diesel Generators Market due to the increasing utilization for industrial applications during 2016-2021.
Scope and Regional Forecast of the Diesel Generators Market:
According to the IndustryARC research analysis studies on the Diesel Generators Market, Industrial and commercial industries are the major end-users for diesel generators in the forecast period of 2016-2021. The diesel generators are forecast to have the highest growth through 2021.
Asia-Pacific is the leading market region for Diesel Generators Market in 2015. Asia Pacific region is estimated to have highest growth in the next few years due to developing acceptance of diesel generators in industrial and commercial applications during 2016-2021.
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North-America is the second highest market region which accounts to less than 1/3rd of the Global Diesel Generators Market for diesel generators and it is growing market followed by Europe. North America and Asia Pacific alone are estimated to occupy a share of almost 2/3rd of the global share during 2016-2021.
Segmentation and Key Players of the Diesel Generators Market:
The Diesel Generators Market is segmented into various categories in the IndustryARC marketing research report by power, by application, by end user and by geography.
By power: 0 – 100 kVA, 100 – 350 kVA, 350 – 1000 kVA, above 1000 kVA and others
By application: standby power, peak sharing, prime or continuous power and others
By end user: industrial, commercial, residential and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Diesel Generators Market according to the IndustryARC research report are as follows:
- Global Power Systems Pvt. Ltd.
- FTP Powertrain Technologies
- Genesis Poweronics India Pvt. Ltd.
- Shanghai Sanyo group
- American Generators
The Diesel Generators Market is a high potential market with many applications of the diesel motor generator in many end user industries and increasing demand for the diesel generator parts across the globe. This market is expected to witness high growth for DG set and increasing investment for improving diesel engine efficiency by generator companies in various regions across the globe during 2016-2021.
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