Diesel Gensets Market 2020 - 2026 | Industry In-depth Analysis By Players Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton, Kohler Power Group, Generac, Yamaha Motor Pvt, Honda Motor Co, Escorts GroupMarketStudyReport.com add New Report 'Global Diesel Gensets Market' to its research database. The report focuses on global major leading players with information such as company profiles, Growth, product segment, technology segment, end user segment and region.
Global diesel gensets market size is poised to experience exponential growth over the forthcoming years. These generators are used as a backup power supply for homes, offices, and shops when connection to the power grid is lost or in the event of a power outage. A diesel genset, or diesel generator, generates electric energy by using a diesel engine with the help of an electric generator. In industrial applications, these generators are also used to power machinery and tools at job sites where getting power from the grid is difficult.
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Middle East accounted for more than 6% revenue share of global diesel gensets market in 2019 and is poised to witness substantial growth in the years to come. This growth can be largely attributed to a booming mining and oil & gas sector in the region. Diesel gensets are used in majority of mining operation on account of excellent efficiency and their ability to supply large amounts of power.
Considering the application segments, the industry can be classified into standby, peak shaving, and prime/continuous. Peak shaving application segment is estimated to witness lucrative growth in the near future. It is defined as the minimization in electrical power consumption by a facility when the serving utility is facing a heavy demand for power. On-site energy at the customer's site can be used to help the utility meet its power requirements using peak shaving.
Based on the power rating, diesel gensets market share can be segmented into 750 kVA. 375-750 kVA diesel gensets segment is projected to witness a CAGR of more than 6% through 2026. This can be largely attributed to growing product deployment across industrial applications.
Latin America will record strong gains in the coming years owing to rising oil & gas exploration activities in the region along with rapid expansion of the mining sector.
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For instance, at Atlanta's Hartsfield Airport's International Concourse E, eight 1250kVM self-contained diesel gensets were installed in a dial parallel 4160 scheme. These generators can supply 8.8MW of prime power in parallel with the utility for peak shaving. Additionally, these generators can supply emergency power of up to 10MW to all critical loads along with various selected loads in the emergency power mode.
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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