Generators are
devices that produce electric energy through the conversion of mechanical
energy using either diesel or gas as fuel. Depending on their capacity, diesel
generators can be used by various end-users in various segments such as
Industrial, Infrastructure, Commercial, and Residential for managing power
supply. Diesel generators involve a diesel engine and are often equipped with
an alternator. Generators plays a significant role in ensuring that end-users
receive continuous and uninterrupted supply of power.
Analysts forecast
the Diesel
Gensets market in the US will
grow at a CAGR of 3.65 percent over the period 2013-2018.
The report
recognizes the following companies as the key players in the Diesel Genset
Market in the US: Caterpillar Inc., Cummins Inc. and Generac Power Systems.
Other Prominent
Vendors in the market are: ABB, Detroit Tools, GE, Kohler, Mitsubishi Heavy
Industries and Siemens.
Increased adoption
of Industry-specific generators is one of the key trends emerging in the
market. The Diesel and Gas Generators market in the US is witnessing increased
demand for generators that are customized according to the requirements of
different industries.
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Covered in this Report
The Diesel Gensets
market in the US can be divided into three segments, based on application:
Standby, Prime Power and Peak Shaving.
Diesel Gensets
Market in the US 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the US; it also
covers the market landscape and its growth prospects in the coming years. The
report also includes a discussion of the key vendors operating in this market.
According to the
report, the increased energy deficit is one of the major factors driving market
growth. The demand-supply gap for energy has widened, thereby increasing the
need for diesel gensets. Widening of the demand-supply gap is mainly because of
increased energy consumption by various end-users.
Further, the report
states that competition among the market vendors has intensified. Several
international and local diesel genset providers enjoy a sizeable presence in
the market worldwide. There are intense price wars among vendors, forcing them
to reduce the prices of their products to remain competitive in the market.
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