05 September 2019
Visiongain’s new report the Diesel Generator Market Report 2019-2029: Forecasts by Power (Low Power, Medium Power, High Power), by End-user (Residential, Commercial, Industrial), by Capacity (Less Than 75 kVA, Between 75 to 375 kVA, More Than 375 kVA), by Application (Standby Backup Power, Prime Power, Peak Shaving Power) Plus Leading Company Analysis and Regional and Leading National Market Analysis.
Increase In The Amount Of Data Centers, An Increase In Energy Outages And Development In The Building Sector Will Drive The Market
During the forecast period, it is anticipated that the U.S. diesel generator market will be motivated by an increase in the amount of data centers, an increase in energy outages and development in the building sector. The U.S. is experiencing an increase in data center utilization by hyperscale cloud suppliers and businesses seeking to capitalize on national and international data usage. Because data centers require continuous power supply, these businesses have a enormous 24/7 demand for diesel generators, reliable energy. Additionally, parts of the data center such as energy controls, server rooms, heating, ventilation and air conditioning (HVAC) systems and safety controls have low tolerance to power spikes, with power cuts causing further interruption of their activities, which requires the implementation of these generators in data centers.
PV Energy and Gas Driven Generators are Posing Challenges for Diesel Generator Growth
U.S. diesel generator market growth is mildly impacted by the country's implementation of alternative power sources, such as natural gas generators and photovoltaic (PV) energy systems. The cost of natural gas generators in the low-power category is lower than that of diesel generators. In addition, gas generators emit relatively less emissions than diesel generators, promoting their implementation in residential and commercial installations. In addition, PV energy systems are environmentally friendly, boosting their implementation and adversely affecting the demand for diesel generator sets in the nation to some extent. Historically, standby power has been dominated by diesel generators, but in many economies, natural gas is quickly becoming a preferred option. Natural gas generators below or equal to 150 kW are a simple option to minimize complete cost of ownership and avoid on-site diesel-related hassles. With embedded parallel technology and 150 kW generators, this benefit can be expanded to bigger kW projects
As natural gas generators become bigger than 150 kW, the enhanced capital cost of the generators in the standby industry has tended to slow their implementation. More clients take a longer view as on-site diesel issues continue to develop on the market. Natural gas generators provide an highly desirable comfort and effect on the environment. They also provide a cost-effective solution to on-site diesel management when assessing over a 25-year life cycle.
Growth In The Mining Sector Is Anticipated To Provide Diesel Generator Market Players With Profitable Possibilities
Growth in the mining sector is anticipated to provide diesel generator market players with profitable possibilities during the forecast period due to the industry's high dependence on diesel generator sets for building, drilling, and other mining aspects. In the mining sector, diesel generators are commonly used to power different kinds of machinery, including big drills and shovels. Iron ore, coal, building sand, and crushed rock are mined in the nation in big quantities, which additionally involves the use of these generators to power mining operations.
Leading Regional & National Analysis
Asia Pacific is considered to be the largest market in the region. Emerging economies such as India and increasing per capita income from China are boosting regional development. In addition, the rapidly growing manufacturing sector is also anticipated to drive regional market growth in the coming years due to growing client demand. Japan, South Korea, China and India are the primary manufacturing hubs for consumer electronics and are likely to continue to develop during the forecast age. In Asia Pacific, diesel generator sets are used primarily for backup as the region has a slightly sophisticated energy infrastructure providing low-cost energy from the utility grid. The demand pattern for diesel generator sets is based on different factors such as the country's energy infrastructure, emission norms, and buying power from the client.
The comprehensive report offers market estimation and forecast for the period ranging 2019 – 2029 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of advanced energy storage systems.
Kirloskar Oil Engines Limited, Kohler Co., Mitsubishi Heavy Industries Engine & Turbocharger Ltd, MTU Onsite Electrical, Aggreko PLC., FG Wilson Inc., Atlas Copco., Caterpillar Inc., Cummins Inc., Doosan Corporation, Generac Holdings Inc.
The Diesel Generator Market Report 2019-2029 report will be of value to anyone who wants to better understand the energy storage market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the energy industry.
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