The industry research report presents a detailed analysis of the industrial diesel generator market and segments the market by output power capacity (less than 300 kW, 301- 1,000 kW, and 1,000 kW and above) and geography (APAC, EMEA, and the Americas). Caterpillar, Cummins, Generac, and Kohler are the leading manufacturers in this market. The report further analyses key emerging trends and their influence on current and future market scenarios.
Technavio’s market research analysts estimate the global industrial diesel generator market to grow at a CAGR of around 5% between 2015 and 2019. The need for an uninterrupted power supply has boosted the adoption of diesel generators in the industrial sector. APAC has the largest market share in the market, and is expected to generate around US $3 billion during the forecast period. Most of the demand for industrial diesel generators come from the South Asian nations, owing to maximum power outages in this region.
The new market research report from Technavio provides a breakdown and analysis of the industrial diesel generators by technology.
“Due to the increased frequency of power outages and power grid failures, several industrial consumers are increasingly depending on standby generators as their auxiliary power source. Mining, oil and gas, petrochemical, data centers, telecommunications, manufacturing, and automotive industries are hugely investing in backup power sources like standby generators for their urgent power requirements. Some of them are even resorting towards renting generator services for cost-efficiency,” says Navin Rajendra, Lead Analyst, Engineering Equipment, Technavio Research.
Diesel dominates the overall industrial generator market due to their cheap cost and easy availability. Diesel is a preferred fuel in industrial applications because of its longer engine lifespan, low maintenance costs and safe fuel storage. Diesel generators are expected to occupy around 75% market share in terms of revenue and 81% share in terms of unit shipment.
The key vendors in the global industrial diesel generator market are Caterpillar, Cummins, Generac, and Kohler. This market is largely dominated by large and international vendors. However, many national and regional vendors with low-priced options are emerging in the market, hence, vendors are driven to differentiate their products to remain competitive in the market.
A more detailed analysis is available in the Technavio report, Global Industrial Diesel Generator Market 2015-2019.
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