Diesel generators are a reliable and alternative source of voltage power regularly used by residential and commercial spaces. Diesel generators produce electricity by utilizing a diesel engine and alternator. The generator requires diesel fuel to function. The alternator converts the power of the engine (reflected as RPMs) into useful electrical current. The current produced is then scattered to residential, as well as commercial buildings, which are connected to a network. The diesel generators demand is likely to witness a significant growth. The diesel engine manufacturers are heading their eyes towards product development and innovations. Recently, Caterpillar Inc. had expanded their product portfolio by adding the Cat XQ125 mobile diesel generator for rental power solution. Apart from this, NRG Energy and Cummins had also announced their plans to combine on-site generators for commercial and industrial customers.
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Diesel Generators Market- Key Segments
According to the type, diesel generators are segmented as:
Low Power Generators
Medium Power Generators
High Power Generators
According to the Power Rating, diesel generators are segmented as:
0-100 kVA
100-300 kVA
301-500 kVA
501-1000 kVA
above 1000 kVA
According to the end user, diesel generators are segmented as:
Commercial
Residential
Industrial
Corporate offices
Others
Diesel Generators Market- Key Manufacturers
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The major key manufactures for diesel generators in the market are Cummins Inc.; Generac Power Holdings, Inc.; FG Wilson Inc.; Himoinsa S.L.; Mitsubishi Heavy Industries, Ltd.; Caterpillar Inc.; and Atlas Copco AB.
Diesel Generators – Market- Competitive Analysis
Globally, the diesel generators industry is a fragmented market because of the presence of a considerable number of key market players. The diesel generators market has a more-intense competition. The manufacturers are introducing new products in the market to remain in-sync with the demand. Availability of the products at the distribution channels creates price variations owing to an increase in the competition among the local players. This would make way for the manufacturers to deliver more cost efficient, newer generation and technologically advanced diesel generators during the forecast period.
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