(MENAFNEditorial) iCrowdNewswire - Feb 19, 2018
Market Synopsis:
Diesel genset also termed as diesel generator is an energy supply unit used to power household and industries during power cuts to prevent discontinuity in their operations. It forms a distributed unit which is a combination of diesel engine and electric alternator. The diesel engine operates in four phases which includes: input of mechanical energy to generator, compression of the air, combustion and expansion of fuel and finally the exhaust which forms the cycle.
Market Growth and Opportunities:
Progressive development in urbanization and industrialization has raised the demand for uninterrupted and reliable power source thus propelling the market growth. For instance: Mahindra Powerol, a subsidiary of Mahindra Group has made an investment of 160 cr to make high powered diesel generators using the technology developed for powering diesel automotive. Increased power outage affects the commercial and industrial sector thus raising the continuous demand for reliable power supply and thereby boosting the market growth. Increasing government policies and regulation against the pollution caused by diesel genset is hindering the market growth. According to the survey conducted by Centre of Science and Environment (CSE) in 2017 shows that still 50 million rural lives in dark in India. Continuous electrification of rural areas is the significant factor in raising the market opportunities.
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Market Segmentation:
The is segmented on the technical factors such as By Power rating, fuel storage types and end use. Based on the power rating the market is segmented into continuous, prime and standby generators. Depending upon the fuel storage method adopted the market is bifurcated into: sub-base, underground storage and above ground storage tanks. On the basis of application the market is divided into: residential, commercial and industrial.
Regional Analysis:
The regions analysed in diesel genset market includes:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- South Africa
- Rest of the LAMEA
Asia-Pacific and the emerging market of Africa have been producing considerable demand. Progressive expansion in the field of IT and manufacturing sectors in India and China is expected to drive the market. North- America and Europe markets are likely to remain stable in next decades.
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Competitive Analysis:
The major key players in the diesel genset market includes:
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co
- Aksa Power Generation
- Himoinsa S.L
- Generac Holdings Inc.
- Mitsubishi Heavy Industries Ltd
- Caterpillar Inc.
the leading manufacturer of generator sets offers variety of specifications. The generator developed has a power potential in the range of 7.5 to 17,550 kVA. The major advantage of their diesel powered gensets includes the factors like low fuel consumption, and reduced emission
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