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Diesel Generator Market Analysis, Key Growth Drivers, Challenges, Leading Key Players Review, Demand

Time:2018-11-28 03:09Turbochargers information Click:

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Diesel Generator Market Analysis, Key Growth Drivers, Challenges, Leading Key Players Review, Demand


"\"Diesel Generator Market \""

Power problems in commercial establishments and residential homes may lead to the Global Diesel Generator Market Growth with 6.5% CAGR between 2017 and 2023

Market Definition:

A diesel generator is defined as a combination of a diesel engine and an electric generator that is useful for generating electricity. Market Research Future (MRFR) has published a research report about the global diesel generator market that foretells success for this market with 6.5% CAGR (Compound Annual Growth Rate) between 2017 and 2023.

Market Scenario:

The factors driving the global diesel market growth include frequent power outages caused due to various natural calamities and growing need for reliable & interruptible power supply at lower costs. The interruption of emergency services and industrial operations is also aid market growth. Problems at commercial establishments and residential homes are causing a rise in demand. However, high operating & maintenance cost of a diesel generator and the rise in renewable energy technologies can hamper the market growth.

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Key Players

The key players in the global diesel generator market include Aggreko PLC (UK), AKSA Power Generation (Turkey), Caterpillar Inc. (USA), Cummins Inc. (USA), Generac Holdings Inc. (USA), General Electric Company (USA), Kohler Co. (USA), MAN Diesel & Turbo SE (Germany), Mitsubishi Heavy Industries Engine & Turbocharger Ltd. (Japan), Rolls-Royce Power Systems AG (Germany), Wartsila Corporation (Finland), and Wuxi Kipor Power Co. Ltd. (China).

Latest Industry News

Yukon Energy expects to burn more diesel and liquefied natural gas (LNG) this winter to meet the demand for electricity. Therefore, they are roping in more diesel generators. 1 NOV 2018

Aiming to create awareness about rising air pollution levels, technology major Dell has partnered with Bangaluru-based tech startup Chakr Innovation which converts diesel soot into ink (POINK) through their retrofit emission control device for diesel generators. 16 JUL 2018

Market Segments:

The Global Diesel Generator Market has been segmented on the basis of end users, operations type, portability type, power ratings and lastly, region. Based on end users, this market has been segmented into the commercial sector, industrial sector, and residential homes. Commercial sector held the largest market share in 2016, and according to the report, it is expected to emerge as the fastest-growing end-user segment over the next five years. This market is growing due to the need for continuous and uninterrupted power supply in the commercial sector in order to run daily operations because the major commercial sectors heavily depend on electricity for their smooth functioning.

In the context of operations type, the market has been segmented into continuous power, peak savings, and standby power. According to the report, standby power dominated the market in 2016, and it is expected to be the fastest-growing operation segment during the forecast period. Standby power provides uninterrupted power backup to all major electrical devices so that they can perform non-stop operations.

By portability type, the market has been segmented into portable and stationary. The stationary diesel generator is expected to hold the largest market share during the forecast period because the stationary diesel generator is widely used in the commercial & industrial sectors. Also, the stationary diesel generators have the ability to support very high power levels in the range of 3kW to several megawatts.

On the basis of power ratings, the market has been segmented on the basis of Up to 0.5 MW, 0.5 MW - 1.0 MW, 1.0 MW - 5.0 MW, and above 5.0 MW. In 2016, up to 0.5 MW segment dominated the market and it its growth is expected to speed up during the forecast period. The rapidly rising demand for small power rating diesel generators among small enterprises and residential sector is resulting in the market growth of this segment.        

Access Report Details @ https://www.marketresearchfuture.com/reports/diesel-generator-market-3001

Regional Analysis:

The regional segmentation of the global diesel generator market segments the market into continent-based regional markets known as North America, Europe, Asia Pacific, and the rest of the world (RoW). In 2016, the Asia Pacific region held the largest market share of the global diesel generator market. Country-specific markets contributing to this were (and still are) China, India, and Japan followed by the rest of Asia Pacific countries.

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