Press release
Genset 2018 Market Size, Share and Business Operation Data | Industry Technological Advancement Research Report Forecast to 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%.
Get Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/1709
Top Key Players:-
Some of the key players In the Genset market are MTU Onsite Energy (Germany), Caterpillar Inc. (U.S.), Himoinsa S.L. (Spain), Mitsubishi Heavy Industries, Ltd. (France), MTU Onsite Energy (Germany) among others.
Regional Segments:-
Geographically, the global genset market has been divided into Europe, Asia Pacific and Rest of the World. Among these regions, Asia Pacific is the largest market by size and is estimated to grow at the highest rate due to high demand for power products in China. China’s high economic growth rate has created increased demand for power generation equipment, such as diesel and gas generators, in the country. Along with this, new policy reforms in India that support the growth of industries have made the country a very lucrative market for OEM manufacturers. This is also likely to create a huge demand for generators in the region.
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.
Access Complete Report @ https://www.marketresearchfuture.com/reports/genset-market-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.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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 Genset 2018 Market Size, Share and Business Operation Data | Industry Technological Advancement Research Report Forecast to 2022 here
News-ID: 1193163 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
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…
