Based on the latest market research of Diesel Generator Market, OG Analysis recognizes key market strategies in focus by market players to capitalize on market growth opportunities which shape the market size at 5.56% CAGR between 2020 and 2026.
Key market participants are investing in product differentiation to capitalize on market growth opportunities. For example, recently, Mahindra Powerol launched 400/500/625 kVA Diesel Generators powered by Perkins® 2000 series engines. Similarly, Caterpillar launched Cat 3516B diesel generator sets for unregulated emissions with the introduction of factory-installed DGB technology.
Request Free Sample @ https://www.oganalysis.com/sample/214580
Key manufacturing companies are investing in product development by using cutting-edge technology combined with the use of resilient engine parts to increase the efficiency and performance of diesel generators.
Further, to stay ahead in the competitive diesel generator market, key OEMs are launching products designed specifically for smaller grade use owing to increasing need for power generation in home appliances and HVAC systems during poor power supply. Recently, the government of South Australia ordered 9 backup diesel generators to provide up to 275MW of power. Additionally, in 2019, the Australian Energy Market Operator (AEMO) when dealing with heat conditions switched on temporary diesel power generators owned by the South Australian Government.
Browse Diesel Generator Market Research Report @ https://www.oganalysis.com/industry-reports/214580/diesel-generators-market
Diesel Generator Market outlook and drivers
Increase penetration of diesel generators is observed to provide backup power source across various industries for uninterrupted & reliable power supply. Furthermore, the rising incidence of power outages drives the diesel generator market growth.
In addition, the market is driven by increase in deployment of diesel generator monitoring systems to understand the load patterns of industries, oil rigs, townships, and gated communities. Accordingly, the analysis of big data helps in making informed business decisions that enable consumers to cut operational costs.
Further, lack of grid infrastructure in remote locations and industrial development in emerging countries drive the diesel generator market worldwide.
Request for Special Discount on Diesel Generator Market report @ https://www.oganalysis.com/discount/214580
However, the market growth is limited by availability of natural gas with rapid expansion of natural gas generator technology, increasing arrangement of renewables as alternative power source, and high budget maintenance.
Diesel Generator Market trends and scope
Increasing usage of diesel generators in order to reach energy consumption goals across small and average-sized workplaces is observed as a major market trend. Further, the potential of high power density, better battery storage and low cost of installation of diesel generators boost the diesel generator market value and share.
Moreover, in developing countries lack of continuous supply of power emerges as the market trend to drive consumption and production of diesel generators.
The diesel generator market scope is based on key applications comprising of standby power, peak shaving, and continuous power. The market is also segmented by power rating types such as 0-100 kVA, 100-350 kVA, 350-1000 kVA, and above 1000 kVA as well as by key end-users including industrial, commercial, and residential.
Amidst key application segments, continuous power sector enters market growth driven by high demand for continuous supply of energy across industrial, oil & gas, marine, mining, healthcare, and telecom among others.
Power rating between 350-1000 kVA and above 1000 kVA segment is set to capture market share during the forecast period 2020-2026 driven by extensive usage across a wide range of applications in the oil & gas, telecom, data center, and healthcare industries.
The industrial sector emerges as a strong end-user segment driven by increase in consumption trends across power generation, oil & gas and other industries. The limitations of grid access during power outages boost the adoption of diesel generators for continuous power supply.
Regional Diesel Generator market overview during the forecast period 2020-2026
From a regional perspective, AsiaPacific led the diesel generator market growth driven by enduring power outages, deprived infrastructure of network and rising power demand by growing industrial, commercial sectors.
In addition to industrial diesel generators, domestic diesel generators to become a regular part of local, commercial, retail structure in the Asian Pacific region.
Emerging countries which have experienced a major natural disaster have increased the adoption of diesel generators to ensure continuous and reliable power supply.
However, the installation of solar plants to curb pollution and greenhouse gas emissions are factors restraining the diesel generator market growth across the region.
Diesel Generator key Market participants can harness lucrative market growth opportunities
Key diesel generator market players include Aggreko PLC., Aksa Power Generation, APR Energy PLC, Atlas Copco AB, Briggs & Stratton Corporation, Broadcrown Ltd., Burtonwood Generator & Switchgear Services Ltd., Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Kohler Co., MTU Onsite Energy, and Mitsubishi Heavy Industries Ltd.
Global Oil and gas industry annual subscription from OG ANALYSIS provides access to 11 databases including Exploration, Production, Refinery, LNG, Oil and Chemicals Storage, Pipelines, Market Intelligence, CAPEX, Tankers, small LNG and Trade.
About OG Analysis:
OG Analysis has been a trusted research partner for 10+ years delivering most reliable analysis, information and innovative solutions. OG Analysis is one of the leading players in market research industry serving 980+ companies across multiple industry verticals. Our core client centric approach comprehends client requirements and provides actionable insights that enable users to take informed decisions.
Phone: +91-7337 01 3757
Follow Us on LinkedIn: https://www.linkedin.com/company/og-analysis/