Diesel Generators Market by Application (Standby Power, Peak Shaving, Prime or Continuous Power), by Power Rating (0-100 kVA, 100-350 kVA, 350-1000 kVA, above 1000 kVA), by End-User (Industrial, Commercial, Residential) & by Region - Global Forecast to 2020
Seattle, WA -- (SBWIRE) -- 01/16/2017 -- The diesel generators market is expected to grow from an estimated USD 13.06 Billion in 2015 to USD 16.96 Billion by 2020, at a CAGR of 5.4% from 2015 to 2020. Growing need for continuous power supply and increasing power outages are driving the diesel generators market worldwide.
Standby application growing at the highest rate in the diesel generators market
The market has been segmented on the basis of application power rating, end-user, and region. The market based on application has been subsegmented into standby, peak shaving, and prime or continuous power. The standby application held the largest market share in 2014. Rapidly growing demand for continuous and reliable power across industries and the commercial sector is the primary growth driver of this segment.
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Industrial sector to drive the diesel generators market
The report also segments the diesel generators market on the basis of end-user, which includes industrial (power generation/utilities, oil & gas, and others), commercial (IT & telecom, healthcare, and others), and residential. The industrial segment is one of largest users of diesel generators and occupies more than 50% of the total market share in the end-user segment of the diesel generators market. This market is expected to grow at the highest CAGR during the forecast period, owing to chronic power outages and rapid growth of industries, infrastructure, and IT & telecommunication industry across the world.
Asia-Pacific is estimated to be the global leader in the diesel generator market
In this report, the diesel generators market has been analyzed with respect to five regions, namely, North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Rising demand for power unmet by existing grid infrastructure in Asia-Pacific results in frequent power outages. As a result, growing industrialization and frequent power outages are driving the demand for diesel generators in this region. The diesel generators market in India is expected to grow at the highest CAGR, owing to growing IT, datacenter, telecom, and ongoing infrastructure development programs in the country.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the diesel generators market. These players include Caterpillar (U.S.), Cummins (U.S.), Kohler Co. (U.S.), and Generac Holding (U.S.) among others. Dominant players are trying to penetrate the developing economies and adopting various methods to grab the market share.
The scope accordingly aids market participants to identify high growth markets and help in managing key investment decisions. For this report, major players in the diesel generators market have been identified using various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing personnel. Based on this research, the market shares have been evaluated and validated.
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