Press release
Genset Market 2018– Industry Application, Trends, Sales Analysis, Demand, Supply, Revenue, Opportunities and Forecast To 2022
The demand for energy and power has been increasing rapidly in recent times. Although there are several already existing power grid project and many power grid projects underway across the globe, they are bound to go through malfunction at a point, thus generators play an essential role when energy supply is concerned. Generators act as a backup to a form of power failure to any industry, grid or construction site. Increasing demand for continuous flow of power is set to boost the demand in the Genset market.
Industry Top Key Player:-
MTU Onsite Energy
Caterpillar Inc.
Himoinsa S.L.
Mitsubishi Heavy Industries, Ltd.
MTU Onsite Energy
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Genset Global Market – Segmentation
The scope of global genset market is segmented into two major segments which are explained below:
Ø By Application
o Continuous
o Stand-By
o Peak Shave
Ø By Fuel Type
o Diesel
o Gas
Ø By End-User
o Residential
o Commercial
o Industrial
Industry News
In May, 2017 – Caterpillar introduced its all new CAT RP12000 E portable generators in U.S. and Canada. The new generator fills out the top of the series, delivering 12kW of running power and new features to meet the specific needs of the “pro-sumer” – emergency home back-up, DIY enthusiasts and contractors.
In July, 2017 – HIMOINSA opens a new factory for Argentina and southern cone, located in Located in Santa Fe and occupying some 12,000 square metres, the new centre has the capacity to produce 3,000 generator sets of between 8kVA and 1745kVA each year.
In January, 2017 – APR Energy, a global leader in fast-track power solutions, and GE (NYSE: GE) announced that they have renewed their strategic alliance to provide mobile turbine technology into the fast-track power rental market.
In October, 2017 – Cummins, Inc. (NYSE: CMI) announced the new C125N6 and C150N6 models in the QSL8.9G Series. The Cummins commercial generator set is a fully integrated power generation system providing optimum performance, reliability, and versatility for stationary standby power applications.
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Regional Analysis of Genset Market:
Asia-Pacific is the leading region in the Genset market mainly due to the rapid growth in the manufacturing sector in recent times. Within Asia-Pacific, regions like India and China have been major contributors to the growth of the Genset market with rapid commercial activities and industrial development.
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