DUBLIN, December 10, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/bw4q7j/diesel_generators) has announced the addition of the "Diesel Generators Market by Application, by Power Rating, by End-User & by Region - Global Forecast to 2020" report to their offering.
The diesel generators market is expected to grow from an estimated USD 13.06 Billion in 2015 to USD 16.96 Billion by 2020, at a CAGR of 5.4% from 2015 to 2020. Lack of grid infrastructure in remote locations and increasing industrialization in developing countries are driving the diesel generator market globally.
The report segments the diesel generators market on the basis of application, power rating, end-user, and region. The end-user segment has been further segmented into industrial, commercial, and residential. The industrial segment accounted for the largest market share in 2014, and is expected to dominate the market during the forecast period. Utilities/power generation and oil & gas industries are the largest users of diesel generators in the industrial segment. Growing industrialization and rising demand for continuous power supply by these industries are expected to drive the diesel generators market from 2015 to 2020.
Asia-Pacific is the leading market owing to chronic power outages and need for continuous power by the growing industrial and commercial sectors. Poor grid infrastructure and rising power demand in countries such as India and China are driving the diesel generators market in the region. The Middle East & Africa market is expected to grow at the second highest CAGR during the forecast period. The European and North American markets are expected to have slow growth rates during the forecast period due to economic slowdown.
In order to reduce carbon emissions, most countries are promoting the use of cleaner backup power sources in case of power outages. Governments are providing subsidies on installing solar plant. This is one of the major constraints for the growth of the diesel generators market.
- Aksa Power Generation
- Briggs & Stratton Corporation
- Caterpillar Inc.
- Cummins Inc.
- Generac Holdings Inc.
- Himoinsa S.L.
- Kirloskar Electric Company Limited
- Kohler Co.
- MTU Onsite Energy
- Mitsubishi Heavy Industries Ltd.
- Wartsila Corporation
- Wuxi Kipor Power
- Yanmar Co. Ltd.
1 Introduction2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Diesel Generators Market, By Application
7 Diesel Generators Market, By End - User
8 Diesel Generators Market, By Power Rating (kVA)
9 Diesel Generators Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/bw4q7j/diesel_generators
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