Diesel Generators Market Set to Rise at 5.4% CAGR of to 2020 Led by Asia-Pacific Region

Dec 21, 2015, 11:45 ET from RnR Market Research

PUNE, India, December 21, 2015 /PRNewswire/ --

Asia Pacific is forecast to lead global diesel generators market in terms of growth rate while stand by application dominates the diesel generator industry that is projected to be worth $16.96 billion by 2020, growing at a CAGR of 5.4% from 2015 to 2020.

Complete report on diesel generators market spread across 141 pages, profiling 15 companies and supported with 74 tables and 49 figures is now available at http://www.rnrmarketresearch.com/diesel-generators-market-by-application-standby-power-peak-shaving-prime-or-continuous-power-by-power-rating-0-100-kva-100-350-kva-350-1000-kva-above-1000-kva-by-end-user-industrial-commercial-residential-by-region-global-for-market-report.html .

The diesel generators market is expected to reach a value of USD 16.96 billion by 2020, at a CAGR of 5.4% from 2015 to 2020. Energy demand from developing countries has rapidly grown over the past decade. Increasing power demand unmet by existing grid infrastructure has resulted in frequent power outages and blackout in the Asia-Pacific region. For industries and commercial sector, these power outages can be extremely costly. Diesel generators supply power to industries, commercial as well as residential sector during power cuts and prevents discontinuity in operations. Increasing need for continuous power supply and growing industrial and IT & Telecom industry are the major drivers of the market.

The standby application held the largest market share in 2014, and is expected to be the fastest growing segment in the diesel generators market from 2015 to 2020. This growth is attributed to rising demand for uninterrupted power supply and increasing industrialization, especially in Asia-Pacific and other developing countries.  

The Asia-Pacific diesel generators market is projected to grow at the fastest rate during the forecast period. Frequent power outages and increasing power demand unmet by existing grid are driving the diesel generators market in the region. Asia-Pacific is followed by the Middle East & Africa. Demand for diesel generators in the Middle East & Africa is mainly driven by oil & gas and mining industries in this region.

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1(50%), Tier 2(22%) and Tier 3(28%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (45%), Director Level (23%) and others (32%) from various key organizations operating in the diesel generators marketplace. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (20%), APAC (40%), and Row (10%).

Leading players of this industry have been profiled with their recent developments and other strategic activities. These include Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Kohler Co. (U.S.), and Generac Holding (U.S.). Order a copy of Diesel Generators Market by Application (Standby Power, Peak Shaving, Prime or Continuous Power), by Power Rating (0-100 kVA, 100-350 kVA, 350-1000 kVA, above 1000 kVA), by End-User (Industrial, Commercial, Residential) & by Region - Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=441319

On a related note, another research on Fuel Additives Market Global Trends & Forecasts to 2020 says, the global market of fuel additives is projected to reach USD 8.62 billion by 2020 witnessing a CAGR of 6.9% between 2015 and 2020. Diesel fuel application is to dominate the market among all applications and Asia-Pacific to be global leader in the fuel additives market by 2020. This report includes market dynamics, such as drivers, restraints, opportunities, burning issues, and winning imperatives. Companies like Lubrizol Corporation, Chevron Oronite Company LLC, Innospec, BASF SE, Afton Chemical Corporation, Dorf Ketal Chemicals India Pvt. Ltd., Infineum International Ltd., Fuel Performance Solutions Inc, Evonik Industries AG, Cummins Inc, Cerion LLC and Chemtura Corporation have been profiled in this 164 pages research available at http://www.rnrmarketresearch.com/fuel-additives-market-diesel-gasoline-aviation-applications-types-deposit-control-antioxidant-corrosion-inhibitor-lubricity-cetane-improvers-global-trends-forecast-2017-market-report.html .

Explore more reports on Energy & Power market at http://www.rnrmarketresearch.com/reports/energy-power .

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