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Global Diesel Gensets Market: Overview

A diesel generator is a combination of a diesel engine along with an electric generator thus forming a distributed generation unit. The basic function is power generation via an internal combustion engine to produce energy from gaseous fuels. The chief advantage of distributed generation is the quick ramp up of electricity as opposed to traditional generation in power plants.  Especially suitable for remote areas, diesel generators are an effective solution for tackling power shortages and growing energy demand. Heavy industries, commercial zones, Information Technology (I.T.) parks, and residential areas are some of the major markets for this industry. Some of the most critical infrastructure of any city which includes hospitals, telecom stations, power plants, and airports among others is also heavily dependent on the diesel genset industry.
 
The diesel gensets market is driven by a need for reliable, mobile, and easy-to-use backup of electricity to be used either in off-grid locations or coupled with existing locations covered by the grid. Part of the reason for their popularity is also the inefficiency associated with distribution & transmission of power through cables over long distances. As the electricity industry targets the supply of continuous power for alleviating any emergency, the diesel genset is likely to be of paramount importance. A possible threat does emerge in the form of alternative means of battery storage using benign materials and renewable sources of energy. However, the market penetration of existing gensets along with the fact that the technology is perfectly established provides a relief to the diesel genset industry. There exists an opportunity of furthering the diesel genset cause in emerging economies where many new industries are likely to be established during the next decade. Proper & timely maintenance of the gensets can ensure that this aim is brought to fulfillment through cost reduction and improved performance.   
 
The technological segmentation for diesel gensets is carried out based on factors such as size, fuel storage, and the desired power rating. Sizing is based on the site conditions and the type of appliances or equipment to be powered by the genset. Based on the power rating, a diesel genset could have a standby rating, prime rating, or base-load rating. Also, the electrical power derived from a genset could be consisting of a single-phase or multiphase. These segmentations have to be well defined if the diesel genset in question is to have proper functioning and low maintenance. There are software programs which assist genset manufacturers to make the correct choice for the given load requirement. 
 
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Europe and North America, the traditional regions for diesel gensets market are likely to remain stable and largely unchanged in the next decade. There has been a considerable demand from Asia Pacific and the emerging markets of Africa and South America. In Asia, the focus is on India and China, two countries which are expected to add many power plants thus furthering the need for diesel genset units. The technology improvements in the telecom sector in India are expected to be a major driver for growth of the diesel gensets market. As for Middle East and Africa, power generation using oil & gas is likely to be backed by diesel gensets to prevent grid brownouts. The regional segmentation would be done as Europe, North America, Asia Pacific, Middle East & Africa, and Rest of the World (ROW).
 

Global Diesel Gensets Market: Key Players

Some of the key players in the diesel gensets market include Caterpillar, Cummins, GE Energy, Dresser-Rand, Briggs & Stratton, Kohler Co., Generac Power Systems, Guascor Power, Wartsila, and MTU Onsite Energy among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Diesel Gensets Market