A diesel generator is a combination of diesel engine and an electric generator and is used to generate electricity. The diesel generator has an inbuilt internal diesel combustion engine that can ignite diesel fuel and the energy generated is transformed into mechanical energy and to generate electricity. Diesel generators are available in various sizes and with power ratings. The market is driven by the increasing need of reliable power supply at lower costs. Also, frequent outages caused by various natural calamities such as severe weather events can cause trouble to the operations of emergency services, industrial operations, residential homes and commercial establishments. Therefore diesel generators act as a backup system for fulfilling their need for reliable power.
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Industry Highlights
Diesel generators can be used under any situation where grid power is not available or has been interrupted. Since emergency facilities such as hospitals, communication services, and emergency call centers require an uninterrupted power supply for providing seamless services in critical situations, several operators are increasingly relying on standby diesel generators as their secondary power source, especially due to the high frequency of power outages. The constant need for power and the unstable power supply situation in most developing countries will aid in the growth of the diesel generators market over the forecast period. Adulterated fuel quality and reduced maintenance are the restraints for the market.
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The diesel generators market is driven by the need of reliable alternate power supply at low operating and fuel costs. Frequent outages cause many emergency, industrial and commercial establishments to depend on reliable backup systems that is provided by Diesel Generators. The Asia-Pacific region is the leading market for diesel generators market and it is closely followed by Middle East and Africa market. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable power, is driving the market for diesel generators. The North America and Europe market is expected to witness decline due to the restraints in emission from diesel engines.
Key Players
The key players of global diesel generator markets are Caterpillar Inc. (U.S.), Cummins Inc.(U.S.), Kohler Co.(U.S), Mitsubishi Heavy Industries, Ltd. (Japan), Kirloskar Group (India), Briggs & Stratton (U.S), Wärtsilä (Finland), AKSA Power Generation (Turkey) and Yanmar Co., Ltd. (Japan).
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