Generators are backup devices designed to provide temporary AC power by using the supplied fuel, which can be either diesel, gas, or gasoline. Generators, depending on their portability, are classified into two: portable and stationary. Generators are used to convert mechanical energy into electric energy. The source of mechanical energy can vary from internal combustion engine, hand crank, compressed air, and reciprocating steam engine. An internal combustion engine uses diesel, gasoline, propane gas, and natural gas to produce mechanical energy, and this mechanical energy is converted into electric energy with the help of generator assembly.
Technavio’s analysts forecast the global industrial diesel generator market to grow at a CAGR of 4.7% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global industrial diesel generator market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of industrial diesel generators.The market has been segmented based on:
Technavio Announces the Publication of its Research Report – Global Industrial Diesel Generator Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Industrial Diesel Generator Market: Caterpillar, Cummins, Generac and Kohler
Other Prominent Vendors in the market are: Aggreko, APR Energy, Atlas Copco, Broadcrown, Dresser-Rand, F.G. Wilson, GE Energy, Himoinsa, Kirloskar Oil Engines, Mitsubishi Heavy Industries, MQ Power, MTU Onsite Energy, Perkins, Pramac, Wacker Neuson, Wuxi Kipor Power, Wartsila, and Yanmar.
Commenting on the report, an analyst from Technavio’s team said: “Industrial end-users often rent instead of owning large diesel generators. This is more evident in developing nations where the total cost of ownership plays an important part in the total revenue earned. The market for rental services is known as the power rental market. The revenue earned is evaluated in terms of revenue earned by renting power backup equipment or from a temporary power plant.”
According to the report, India is among the fastest growing urban economies worldwide. With its growing population, the country's economic growth has led to a rise in disposable income. Industrialization has also led to the rapid growth of cities with its economy transforming from an agrarian one to a more services and industry-oriented economy.
Further, the report states that diesel generators produce more noise than gas generators and are not used in many residential and commercial applications. End-users prefer gas generators as the work of filling a generator with diesel during a power outage is reduced.
Caterpillar, Cummins, Generac, Kohler, Aggreko, APR Energy, Atlas Copco, Broadcrown, Dresser-Rand, F.G. Wilson, GE Energy, Himoinsa, Kirloskar Oil Engines, Mitsubishi Heavy Industries, MQ Power, MTU Onsite Energy, Perkins, Pramac, Wacker Neuson, Wuxi Kipor Power, Wartsila, Yanmar.