2014-02-05 14:45:05 - Global Diesel Gensets Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Diesel Gensets market is to grow at a CAGR of 4.12 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing energy deficit. The Global Diesel Gensets market has also been witnessing the development of next-generation generators. However, intense vendor competition could pose a challenge to the growth of this market.
One of the major emerging trends witnessed in the Global Diesel Gensets market is the development of next-generation generators. The vendors in this market are currently developing next-generation generators, as they are trying to differentiate their products to get a competitive edge in the market. For instance, a few vendors are developing generators with comprehensive control and monitoring systems, which
can improve the overall efficiency of generators. In addition, vendors are trying to offer user-friendly generators, where end-users can easily operate the generators irrespective of whether or not they possess proper technical knowledge.
One of the main factors driving the market is the growing concern over the energy deficit that is becoming clearly evident in several countries across the world. Currently, various new applications are increasingly consuming energy, which on one hand is leading to a shortage of energy and on the other, giving rise to the need for uninterrupted power supply.
One of the main challenges is the intense competition among vendors. The market is highly fragmented with the presence of several diesel genset manufacturers, thus creating a stiff competition among them.
The key vendors dominating this space include Caterpillar Inc., Cummins Inc., and Kohler Co.
The other vendors mentioned in this report are ABB Ltd., Detroit Tools, GE Co., Generac Holdings Inc., Mitsubishi Heavy Industries Ltd., and Siemens AG.
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