openPR Logo
Press release

Worldwide Genset Market Study 2018-Types, Share, and Growth by Leading International Manufacturers with its Applications, Usage and Types by 2022

06-21-2018 02:19 PM CET | Energy & Environment

Press release from: Market Research Future

Worldwide Genset Market Study 2018-Types, Share, and Growth

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

Ophthalmic Topical Therapeutics Market | Global Market Analysis Report - 2035
Ophthalmic Topical Therapeutics Market | Global Market Analysis Report - 2035
Ophthalmic Topical Therapeutics: Advancing Eye Care Through Targeted Treatment Ophthalmic topical therapeutics have become a cornerstone in modern eye care, offering precise, localized treatment for a wide range of ocular conditions. Unlike systemic medications, which circulate throughout the body and may produce unintended side effects, topical therapies deliver active compounds directly to the eye, ensuring higher efficacy and a faster onset of action. This localized approach not only improves treatment outcomes
Mental Health Apps Market Share, Size, Growth and Forecast to 2035
Mental Health Apps Market Share, Size, Growth and Forecast to 2035
Mental Health Apps: Transforming the Way We Care for Our Minds In recent years, mental health has gained increasing recognition as an essential component of overall well-being. Despite growing awareness, many individuals still face barriers to accessing mental health support, including stigma, cost, and geographic limitations. Mental health apps have emerged as a transformative solution, leveraging technology to provide accessible, personalized, and convenient mental health care for millions worldwide. The Rise of
Surgical Gloves Market Size, Share, Growth | CAGR of 4.95%
Surgical Gloves Market Size, Share, Growth | CAGR of 4.95%
Surgical Gloves: A Critical Component of Modern Healthcare Surgical gloves have become an indispensable element in modern healthcare, serving as a first line of defense against contamination, infection, and disease transmission. These gloves are not just protective gear-they are a symbol of safety, hygiene, and precision in medical practice. Their significance spans from routine hospital procedures to complex surgical interventions, highlighting their essential role in patient care and medical safety protocols. The
Asia Pacific CRO Market Size, Share & Growth Report by 2035
Asia Pacific CRO Market Size, Share & Growth Report by 2035
Asia Pacific CRO Market: Driving Innovation and Transformation in the Clinical Research Landscape The Asia Pacific Contract Research Organization (CRO) market has been witnessing significant growth over the past decade, emerging as a pivotal hub for clinical research and drug development. With a growing population, increasing prevalence of chronic diseases, and rising investments in healthcare infrastructure, the region has become an attractive destination for pharmaceutical and biotechnology companies seeking cost-effective and

All 5 Releases


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