This market research study presents a detailed segmentation of the global diesel generator market by portability (stationary and portable) and by geography (Americas, APAC, and EMEA). The key leading vendors identified in the market are Caterpillar, Cummins, Generac, and Kohler.
Technavio’s market research analysts estimate the global diesel generator market to grow at a CAGR of around 5% between 2016 and 2020. The market is expected to witness the introduction of more environment-friendly generators that produce fewer particulate matter and toxic gases, over the next four years. The diesel generators have better ability to deliver a constant supply of reliable electric power, as the diesel engines have a high-torque performance characteristic that enables diesel-powered generators to provide exceptional performance in fluctuating or transient power scenarios. APAC dominates the global diesel generator market, accounting for around 40% of the total market share. Much of this market’s growth comes from the rapid industrialization and increasing per capita electric power consumption in developing countries in APAC such as India, China, South Korea, and Thailand.
The new market research report from Technavio provides a breakdown and analysis of the diesel generator segments by technology.
“Of late, this market is witnessing the development of bi-fuel portable generators. Bi-fuel technology, when incorporated with portable generators, provide significant fuel savings and environmental benefits. Diesel generators that use bi-fuel technology can operate on 70% natural gas including scrubbed and cleaned wellhead gas. Moreover, bi-fuel technology generators are smaller in size and come inside a compact enclosure for improved protection from harsh operating environments. Also, the end-user enjoys the flexibility to choose the fuel type based on its availability,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
The stationary diesel generator market segment monopolizes the global diesel market, occupying nearly 85% of the market share. Stationary generators in the lower capacity range are mostly used in big residential apartments, commercial spaces, and small-scale industries, where the total load is not much and the time duration for which the generator operates is also not very long. Moreover, stationary generators are priced low, fulfill most energy requirements and are reliable, thereby spurring the growth prospects of this segment in the forecast period.
The leading players in the global diesel generator market are Caterpillar, Cummins, Generac, and Kohler. The market is characterized by the presence of several well-established international and regional vendors. The market competition is expected to intensify with international players increasing their footprint in the market with more product/service extensions, innovations in technology, strategic alliances, and M&A.
A more detailed analysis is available in the Technavio report, Global Diesel Generator Market 2016-2020.
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