Global diesel generator set study details the market driving and restraining forces currently existing in the market and also details some of the challenges the industry is likely to face during the forecast period. Implications of the market dynamics and industry challenges the study period are analyzed. The market study also discusses current issues facing the market, revenue forecasts, market trends, and competitive analysis. The study discusses about the market trends for diesel generator sets in the geographical regions such as North America, Latin America, Europe, Asia-Pacific, Middle East and Africa, India and China.
Report Summary Snapshot:
Revenues for the diesel generator set market to increase from $x.xx billion in 2010 to $xx.xx billion in 2017. An impact of the economic slowdown and the construction industry's collapse occurred between 2008 and 2009, with markets registering a negative growth rate. Among the end users, industrial segment contributed the most market revenue in 2010.
The xx.1kW to xxx kW power range contributed the most market revenue. An increase in power demand and a lack of grid infrastructure are major driving factors for the market during the forecast period. Governments' emission regulations are expected to challenge the market in the long term. High fuel price and economic slowdown have restrained the market in the last two years.
Furthermore, the development of gas generator sets will likely slow the diesel generator set market. Price and efficiency and after sales services are the key competitive factors in this study's geographical regions. Caterpillar was the leader for the global-diesel generator sets market in 2010.
Industry Challenges
Environmental concerns are increasing everyday. Companies are devising a global emission strategy to meet or exceed the emission standards set by EPA and European Union (EU) emission standards. Countries, such as India, are raising standards to comply with the EU. Raising these standards requires major suppliers for diesel generator sets to upgrade engine designs to comply with current regulations. Therefore, investments in R&D engine suppliers will increase. The new, stringent regulations are expected to challenge suppliers throughout the forecast period.
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