Global Diesel Genset market is expected to reach USD 21.37 billion by 2022. The presence of a large electricity demand-supply gap owing to increase in demand from of mining, telecom, retail and oil & gas sector, is projected to drive diesel gensets industry.
According to The World Nuclear Association, the power requirement is expected to double than the current consumption by 2035. The U.S. Department of Energy has projected solar energy to be the most abundant energy source available giving rise to the development of solar powered gensets. This development is likely to pose a challenge to the overall growth of the industry over the forecast period.
Growing demand for the product in retail, hospitality and IT sectors globally is poised to propel the demand for high power diesel gensets. High power Diesel Genset market is expected to grow at a CAGR of more than 7% over the forecast period.
Asia Pacific is poised to witness substantial growth, growing at a CAGR of over 8.0% from 2015 to 2022. Increasing capacity expansion of manufacturing and telecom sectors particularly in countries such as China and India is expected to drive demand over the next seven years. In addition, government policies such as Make in India policy by the Indian government is expected to fuel growth.
The Middle East & Africa is expected to reach over USD 2.80 billion by 2022. Technological development coupled with growing purchasing parity in UAE and Saudi Arab is supposed to fuel market growth over the forecast period.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Diesel Gensets Industry Outlook
4 Diesel Genset Market Product Outlook
5 Diesel Genset Market End-use Outlook
6 Diesel Gensets Regional Outlook
7 Competitive Landscape
- Cummins Inc.
- Kirloskar Electric Co., Ltd.
- Caterpillar Inc
- Kohler Co., Inc.
- Aggreko PLC.
- Mitsubishi Heavy Industries, Ltd.
- Atlas Copco AB
- Generac Power Holdings, Inc.
- FG Wilson Inc.
- Himoinsa S.L.
- Wacker Neuson SE
- Broadcrown Ltd.
- Wartsila Corporation
- APR Energy PLC
Burtonwood Generator & Switchgear Services Ltd.
For more information visit http://www.researchandmarkets.com/research/jszl6z/diesel_genset