Press release
Worldwide Genset Market Study 2018-Types, Share, and Growth by Leading International Manufacturers with its Applications, Usage and Types by 2022
Market Highlights:-The global genset market is a very dynamic market and is expected to witness high growth over the forecast period. The increased application of generator sets across various sectors is majorly influenced by the growing demand for uninterrupted & reliable power supply. Also, the increasing number of power outages and power failure in the developing and underdeveloped countries across the world is creating a huge demand for power backup devices, which is catered through generator sets. As per the study conducted by Market Research Future, the global market for generator sets is likely to grow at the CAGR of around 5.5%.
Industry Top Key Players:-
• MTU Onsite Energy
• Caterpillar Inc.
• Himoinsa S.L.
• Mitsubishi Heavy Industries, Ltd.
• APR Energy
• Siemens Ltd.
• General Electric Company
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/1709
Genset Global Market – Segmentation
The scope of global genset market is segmented into two major segments which are explained below:
By Application
o Continuous
o Stand-By
o Peak Shave
By Fuel Type
o Diesel
o Gas
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.
Enquiry For This Report @ https://www.marketresearchfuture.com/enquiry/1709
Genset Global Market - Competitive Analysis
The global market for genset seems to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Market Research Future:
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Worldwide Genset Market Study 2018-Types, Share, and Growth by Leading International Manufacturers with its Applications, Usage and Types by 2022 here
News-ID: 1092570 • Views: …
More Releases from Market Research Future
Precision Medicine Market Projected to Reach $85.76 Billion by 2035, Growing at …
The global Precision Medicine Market is experiencing transformative growth, with market valuation projected to surge from $30.3 billion in 2024 to $85.76 billion by 2035, according to comprehensive research by Market Research Future. This remarkable expansion represents a compound annual growth rate of 9.92% throughout the forecast period from 2025 to 2035.
Request To Free Sample of This Strategic Report ➤➤➤ https://www.marketresearchfuture.com/sample_request/925
Market Overview and Key Drivers
The Precision Medicine Market is being…
Healthcare Analytics Market Growth Outlook: USD 52.83 Billion by 2035 With Major …
The Healthcare Analytics Market has emerged as one of the most transformative sectors in modern healthcare delivery, reflecting a fundamental shift toward evidence-based medicine, operational efficiency optimization and data-driven clinical decision-making. As healthcare organizations increasingly recognize the strategic value of converting vast amounts of clinical, administrative and financial data into actionable insights, the demand for advanced analytics platforms, predictive modeling tools, population health management systems, clinical decision support technologies and…
Rising Demand Pushes Digital Therapeutics Market Toward USD 82.07 Billion by 203 …
The Digital Therapeutics Market has emerged as one of the most transformative sectors in modern healthcare, representing a fundamental shift in how medical conditions are prevented, managed and treated through evidence-based therapeutic interventions delivered via software platforms, mobile applications and connected devices. As healthcare systems worldwide increasingly recognize the clinical efficacy, cost-effectiveness and accessibility advantages of digitally-delivered treatments, the demand for solutions spanning chronic disease management, mental health support, medication…
Scandinavia Construction Market to Reach USD 154.07 Billion by 2035, Growing at …
The Scandinavia Construction Market plays a pivotal role in the region's economic development, encompassing residential, commercial, and infrastructure projects across Sweden, Norway, and Denmark. The market reflects the region's focus on modern urbanization, sustainable construction practices, and advanced building technologies.
The market was valued at USD 130.48 billion in 2024 and is projected to grow to USD 154.07 billion by 2035, registering a compound annual growth rate (CAGR) of 1.52% from…
More Releases for Genset
Rwandan Gas Genset Market: Emerging Trends and Growth
The Rwandan gas genset market is experiencing significant growth, driven by the country's increasing demand for reliable and sustainable energy solutions. As Rwanda continues to expand its infrastructure and industrial sectors, the need for uninterrupted power supply is becoming more critical. With a market size of USD 6.5 million in 2024, the sector is projected to reach USD 11.0 million by 2032, growing at a CAGR of 6.9% from 2025…
Genset Transfer Switch: Uninterrupted Power Supply
In today's world, where power continuity is paramount, the role of a genset transfer switch becomes crucial. Designed to provide a seamless and automated transfer of power supply between a primary utility source and a backup generator, this sophisticated electrical device ensures that critical applications never experience downtime. Whether it's a hospital, data center, or industrial facility, the reliability of power supply can be a matter of life and death,…
Diesel Genset Market | Was Valued at USD 15,835.2 Million in 2021. Diesel Genset …
According to Precision Business Insights (PBI) latest report, the diesel Genset market is expected to be worth USD 15,835.2 million in 2022, growing at a 3.7% CAGR from 2022 to 2028. The rise in the need for continuous and steady power supply, as well as growing industrialization and urbanization in developing economies, are driving the global diesel Genset market forward. However, the market's growth is hampered by the implementation of…
Nigeria Diesel Genset Market
Nigeria Diesel Genset market is expected to witness modest growth owing to the expansion of telecom infrastructure, the establishment of new industries, and poor grid infrastructure of the country. Growing investment in the non-oil sector of the country is anticipated to support the economic growth in the region over the coming years which would foster the demand for diesel gensets during 2018-24. Additionally, the growing number of manufacturing units in…
Grid Power Uncertainty Driving Diesel Genset Market
The global diesel genset market reached a value of $12,656.2 million in 2018 and is predicted to generate a revenue of $17,821.3 million in 2024, registering a 5.8% CAGR during the forecast period (2019-2024). The market is witnessing growth because of the low power production and grid power uncertainty and increasing number of data centers. A system in which a diesel engine works in conjunction with an electric generator for…
Thailand Diesel Genset Market (2018-2024)
Market Forecast By kVA Rating (5kVA - 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities, Infrastructure & Transportation and Others including Construction and Social Infrastructure), By Regions (Northern, North- Eastern, Western, Eastern, Central and Southern) and Competitive Landscape
According to 6Wresearch, Thailand diesel genset market size is projected to grow at a…
