Diesel and Gas Generator, 2012 - Global Market Size, Segmentation and Equipment Market Share to 2020

Additional Information

Diesel & Gas Generator Market Steps into the Light as Blackouts Hit Emerging Countries.

As the recent blackouts in India have illustrated, exploding population figures and unprecedented economic growth are resulting in power shortages in developing countries around the world. Diesel and gas generators are stepping in to fill the void, and are experiencing a sales boom as a result, says energy industry experts GlobalData.

According to their latest report*, there is a significant demand for diesel and gas generators (gensets), particularly across Africa and Asia, and the thirst for electricity will only increase with as economic prosperity grows.

Market forecasts predict that by 2020, the worldwide genset market will almost double in value to reach $22.3 billion, from a 2011 valuation of $12 billion; growing at a CAGR of 7.1% in the period 2011-2020.

India and China are currently the major stakeholders of the international genset market with a combined share of 30%. Both of these countries face a considerable power supply-demand gap, creating an attractive market for genset manufacturers.

During 2011-2020, the Indian genset industry is expected to jump in value from $1.2 billion to $2.54 billion, while the Chinese industry will climb from $2.4 billion to almost $5.5 billion. By 2020, the combined share of these two nations will have grown to 36% of the global genset market.

In particular, the gas segment of the global genset market is predicted to display impressive growth during the current decade. Gas fuelled generators are low maintenance and create low levels of environmental pollution – a big plus for many consumers in the current climate of ecological awareness. Environmental regulations are expected to become more stringent, not only in the North American and European markets, but in Asia as well, further driving gas generator sales.

With these factors in mind, the global gas genset market is forecast to treble from the 2011 valuation of $3 billion, to $9 billion by the end of 2020.

* Diesel and Gas Generator, 2012 - Global Market Size, Segmentation and Equipment Market Share to 2020

The report covers the drivers, restraints, challenges, revenue forecast and offers market share analysis for the diesel & gas generator global market.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.


Report Excerpt

Overview

The generator set converts mechanical energy into electrical energy. Output is in the form of alternating current (AC). A generator set (genset) is the combination of a fossil fuel powered engine mounted together with an electrical generator.

Diesel Generators

Diesel generators use diesel as a fuel to power the engine. They are the most commonly used gensets. Although diesel is priced more heavily when compared to gas, it has higher energy density and more energy can be extracted with the same amount of fuel. When compared to gas and other fuels diesel is less flammable. Moreover, diesel generators require less maintenance and are more reliable. Apart from this, initialization of diesel gensets is more economical when compared to gas gensets. Easy onsite fuel availability has also made diesel gensets more popular when compared to gas gensets.

Gas Generators

Eventhough diesel generators are most commonly used, however, gensets powered by natural gas are increasingly being adopted. The important advantage of natural gas when compared to diesel is its environmental friendliness. Natural gas powered generators emit lesser amount of nitrogen, sulfur and carbon dioxide. In terms of noise and odor, these generators have an edge over the diesel generators.