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Global Diesel Generator Set Market
Frost & Sullivan, Oct 2011, Pages: 127
Global Diesel Generator Set, the latest report from Frost & Sullivan, 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 diesel generator set market, revenue forecasts, market trends, and competitive analysis. The study examines 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.
Countries investing in infrastructure are likely to have higher growth rates, while the economic downturn affected the mature markets, such as North America and Europe. Regions such as Asia Pacific, India, and China are less affected. North America was the largest revenue contributor to the diesel generator set market in 2010. However, India is projected to be the next market leader.
The key findings are:
- Indian and Chinese government investments are likely to drive the demand for distributed power equipment.
- Stringent emission regulations are likely to drive higher investments in Research and Development (R&D) to achieve emission compliance from regulatory bodies.
- After sales service and fuel efficiency were reported as the most important considerations when purchasing a diesel generator set.
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 of 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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