Diesel Generator Market Is Predicted To Grow at 6.5 % CAGR | Competitive Landscape, Historical Analysis and Opportunity Assessment by Forecast to 2023

Diesel Generator Market Overview:-

The diesel generator industry is anticipated to have a vast number of advancements over the forecast period owing to continuous developments in energy industry coupled with growing energy demand from end-user. The market is also expected to have high expansion activities by multinationals and well-established companies.

Accrediting the exponential traction the Diesel Generators market is garnering currently demonstrating the growth prospects globally; the Market Research Future has recently published a study report giving out the complete market insights up till 2023. In its analysis the MRFR asserts that the global Diesel Generators market is projected to gain further accruals registering 5% of CAGR during the forecast period 2017-2023.

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Top Key Players:-

The key players of global diesel generator market are Caterpillar Inc. (U.S.), Generac Holdings Inc. (U.S.), Cummins Inc. (U.S.), Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (Japan), Wartsila Corporation (Finland), AKSA Power Generation. (Turkey), Kohler Co. (U.S.), Rolls-Royce Power Systems AG (Germany), Wuxi Kipor Power Co. Ltd. (China), MAN Diesel & Turbo SE (Germany), Aggreko PLC (U.K), and General Electric Company (U.S.).

Industry/ Innovation/ Related News:-

December 21, 2017 – Mahindra Powerol (India) a unit of the Mahindra Group, declared its plan to launch high power diesel generator sets in 500 kVA and above category in the next two years. The company also mentioned that it is in talks with a number of global and domestic players for a technology tie-up. The company is also looking to increase exports revenue of its generator business to 25 per cent in the next financial year from the existing around 16 per cent.

December 18, 2017 – Mahindra Powerol launched a new range of diesel generators in Kolkata. They are offering these generators in 250kVA and 320kVA variants. These DGs have been equipped with Mahindra's mPower engine for lesser emission, according to a company statement.

Global Diesel Generator Market – Segments

The Global Diesel Generator Market is segmented in to 5 key dynamics:-
By Portability Type : Comprises Stationary Generator and Portable Generator and other.
By Operation Type : Comprises Standby power, Peak savings, Continuous power and other.
By Power Ratings : Comprises 0-100 kVA, 350 kVA, 350-1000 kVA and above 1000 kVA and other.
By End Users : Comprises Industrial, Commercial and Residential, and other.
By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Diesel Generator Market - Competitive Analysis

The global market for diesel generator 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.

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This release was published on openPR.