The global black start generator market is expected to reach USD 1.50 Billion by 2021 at a CAGR of 3.8% from 2016 to 2021
The growth is attributed to construction of thermal, nuclear, and hydro power plants and growth of manufacturing industries across the globe.
The black start generator's prime application is in the power generation sector to provide the initial power for restarting the power plant during a blackout. However, over the years, black start generators witnessed tremendous demand from the oil & gas, manufacturing, and even the healthcare and IT sectors, thereby increasing its scope of application. The power sector is still the major contributor to the black start generator market. Construction of new power plants across globe to meet the increasing demand for power is the major driving factor for the black start generator market.
Diesel type generators are estimated to dominate the black start generator market based on type. The demand for diesel generators is fueled by its quick response time, easy fuel sourcing and storage, and longer running life. In spite of being lower in cost, the gas and hybrid generator market for black start is highly restricted due to difficulty is fuel sourcing and shorter running life.
Asia-Pacific leads in terms of growth rate as well as market size from 2016 to 2021. High growth of power generation and IT & telecom sectors and new and proactive policy reforms to support growth of manufacturing sector in India and China are the major factors driving the market in this region. China is estimated to be the largest market growing at decent rate during 2016-2021, whereas India is likely to be the highest growing market in the region with highest growth rate from 2016 to 2021.
Some of the leading players in the black start generator market include GE (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Caterpillar Inc. (U.S.), MTU Onsite Energy (Germany), and Cummins Inc. (U.S.). Contracts and Agreements was the most adopted strategy followed by black start generator market players.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Black Start Generator Market, By Type
8 Black Start Generator Market, By Power Ratings
9 Black Start Generator Market, By Industry
10 Black Start Generator Market, By Region
11 Competitive Landscape
12 Company Profiles
- Aggreko PLC
- Caterpillar Inc..
- Generac Holdings Inc
- Gensal Energy
- Himoinsa S.L.
- Kohler Co.
- Man Diesel & Turbo Se.
- Mitsubishi Heavy Industries Ltd.
- Mtu Onsite Energy
- Wartsila Corporation
- Zest Weg Group
For more information visit http://www.researchandmarkets.com/research/7jbgn2/black_start
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SOURCE Research and Markets