DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rwtdpx/global_diesel_and) has announced the addition of the "Global Diesel and Gas Generator Market 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the increasing concern over the energy deficit. The Global Diesel and Gas Generator market has also been witnessing the development of next-generation generators. However, the need to comply with government regulations and guidelines could pose a challenge to the growth of this market.
The key vendors dominating this market space are Caterpillar Inc., Cummins Inc., Mitsubishi Heavy Industries Ltd., and Emerson Electric Co.
The other vendors mentioned in the report are Generac Holdings Inc., GE Co., Kohler Co., ABB Ltd., Siemens AG, and Detroit Tools.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''The Global Diesel and Gas Generator market is fragmented among a few large vendors. Therefore, vendors are trying to gain a competitive edge in the market by employing various strategies such as reducing product prices, providing aftersales service, and reducing delivery time. They are also trying to reduce production lead time to meet the responsive demand for generators from end-users.''
According to the report, developing countries such as China, India, Brazil, South Africa, Nigeria, Russia, and Korea play a significant role in the growth of this market. The increasing urbanization in these countries is one of the major drivers for the growth of the Diesel and Gas Generator market in these countries. Also, many manufacturing and service industries are expanding their presence in developing countries and, therefore, need access to uninterrupted power supply. Thus, the Global Diesel and Gas Generator market is experiencing strong demand for power generators from developing countries.
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