Press release
What's driving the Diesel Gensets Market growth? Key Players are: Cummins, Caterpillar, Himoinsa, Kirloskar, SDMO, Greaves Cotton, Briggs & Stratton, Generac, Ashok Leyland, Mitsubishi Heavy Industries, Atlas Copco amongst others
The U.S. diesel gensets market is anticipated to surpass USD 3 billion by 2025. Severe weather conditions and frequent climate changes in the country necessitates the adoption of these systems. For instance, Hurricane Maria, a category 4 storm pummeled Puerto Rico in September 2017, leaving around 1.57 million customers without electricity. In addition, ongoing expansion of data centers & IT services will encourage the deployment for these systems.
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Global Diesel Gensets Market is anticipated to grow over 6% by 2025. Accelerated demand for uninterrupted and reliable electricity on account on inadequate power supply will drive the global diesel gensets market growth. High applicability of these systems across pharmaceutical industries, healthcare & manufacturing facilities, data centres, transportation & communication systems will create a positive business scenario. In addition, massive investments across construction, infrastructural development, Oil & Gas, and mining sector will stimulate the demand for these systems.
Growing infrastructural investments, low diesel prices along with increasing construction activities will stimulate the UK diesel gensets market growth. Increasing industrial investment post Brexit along with capacity auctions across the nation will stimulate the product adoption. Moreover, increasing concentration of data centers will propel sturdy deployment of these systems as a source of backup power. However, rising concerns over fossil fuel consumption & rising emissions along with increasing implications for energy security have imposed rigorous policies and legislation on gensets over the years.
Ongoing infrastructural expansion and industrialization complemented by financial aid provided by government will stimulate the diesel gensets market growth. For instance, growing real estate construction ventures along with introduction of various smart city projects have initiated substantial market opportunities for the genset manufacturers. In addition, 13th five year plan of China has strengthened the deployment potential of these systems across various industries.
>750 kVA diesel gensets market will witness growth on account of burgeoning demand from data centres which compels optimum reliability, quick start-up times and high power requirements. Furthermore, sizeable funding toward data center business by various technology giants including IBM, Apple, Google and Amazon to inculcate evolving data protection laws along with ongoing extension of commercial businesses will complement the industry landscape.
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Increasing focus toward economic diversification coupled with growing government initiatives toward infrastructure development will boost the Middle East diesel gensets market growth. Imminent mega projects including the Qatar FIFA World Cup of 2022 and Dubai World Expo 2020 will significantly increase the construction & development activities across the region, thereby facilitating the deployment of these systems. Moreover, diversification of oil-based economy with ventures in other sectors by countries comprising UAE, Saudi Arabia and others will drive the industry outlook.
Notable participants in the diesel gensets market include W?rtsil?, Cummins, Caterpillar, Himoinsa, Kirloskar, SDMO, Greaves Cotton, Briggs & Stratton, Generac, Ashok Leyland, Mitsubishi Heavy Industries, Atlas Copco amongst others.
Table of content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Global Diesel Gensets Industry Insights
Chapter 4. Global Diesel Gensets Market, By Power Rating
Chapter 5. Global Diesel Gensets Market, By End-use
Chapter 6. Global Diesel Gensets Market, By Application
Chapter 7. Global Diesel Gensets Market, By Region
Chapter 8. Company Profiles
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Related Report:
Global Diesel Gensets Market Insights, Forecast to 2025
The Diesel Gensets market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Diesel Gensets.
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