New report examines the global Diesel Generators Market
Global Diesel Generators Market: Overview
A diesel generator incorporates a diesel engine with an electrically powered generator in order to produce energy. It is an explicit case of engine generator. A diesel generator depends on various factors such as the altitude of operation of the generator, ambient temperature, and load on the generator. It is environment-friendly and safe to operate compared to gasoline-powered generators as diesel fuel is less flammable. Diesel generator needs only routine maintenance and it provides seamless services for years. Diesel generators are used in the case of the emergency power supply, complex tenders such as export to a power grid, peak lopping, and grid support.
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Global Diesel Generators Market: Growth Factors
A diesel generator provides benefits such as the low use of fuel and supreme reliability which anticipates fostering the global diesel generators market growth. Growing incidences of power blackouts caused due to natural disasters are one of the key factors in the market growth. Increasing events of the power outages owing to faults in electric networks or environment effects anticipate encouraging the market growth. Emergency facilities such as communication services, emergency call centers, and hospitals need an uninterrupted power supply for providing services during the critical situations which increase the demand for the diesel generators in the global market. Many industries should have continuous power supply for uninterrupted operations and any disruptions in the power supply can hamper their overall profitability. Increasing need for reliable power supply in developing countries will support the growth of the diesel generators in the near future.
Global Diesel Generators Market: Segmentation
The global diesel generators market is classified based on end-user, application, and power rating. The end-user segment is fragmented into residential, industrial, and commercial. The commercial segment is further sub-segmented into IT & telecom, healthcare, and others. The industrial segment is sub-classified into oil & gas, utilities/power generation, and others. Based on the application, the market is segregated into prime or continuous power, standby power, and peak shaving. On the basis of power rating, the global market is segmented as 1000 kVA, 100-350 kVA, 350-1000 kVA, and 0-100 kVA.
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Global Diesel Generators Market: Regional Analysis
Region-wise, the global market is diversified into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific region dominates the global diesel generators market owing to factors such as rapid industrialization, rising disposal income, and increasing population thus driving the growth of the market. Other developing regions in the Asia Pacific regions such as Thailand, India, South Korea, and China are also bolstering the growth prospects of the market. North America accounted for the largest market share in the global diesel generators market owing to the adoption of diesel generators in various industrial and commercial applications.
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Global Diesel Generators Market: Competitive Players
The key vendors that are involved in the diesel generators market include Kohler, Caterpillar, Generac, Cummins, APR Energy, Kirloskar Oil Engines, Broadcrown, GE Energy, Perkins, Yanmar, and Himoinsa. The other influencing market players include Wärtsilä, MQ Power, Wuxi Kipor Power, Atlas Copco, Wacker Neuson, Guangdong Westinpower, Dresser-Rand, Mitsubishi Heavy Industries, MTU Onsite Energy, and FG Wilson.
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