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Developing Infrastructures Ignite Global Adoption of Diesel Generator Sets Finds Frost & Sullivan - Offering duel fuel generators will offset several challenges and add to market demand - Frost.com
Developing Infrastructures Ignite Global Adoption of Diesel Generator Sets Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2014/10/21 - Offering duel fuel generators will offset several challenges and add to market demand - Frost.com.

   
 
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A burgeoning world population and escalating need for electricity is powering the global diesel generator set market. Investments in infrastructure such as roads, railways and airports, particularly in Russia, China and India, open up additional opportunities for generator set vendors.

New analysis from Frost & Sullivan, Analysis of the Global Diesel Generator Set Market, finds that the market earned revenues of $11.22 billion in 2013 and estimates this to reach $15.72 billion in 2018. The study covers the residential, industrial, commercial and institutional end-user segments.

“Lack of reliable grid infrastructure in several regions encourages the uptake of diesel generator sets,” said Frost & Sullivan Energy and Environmental Industry Analyst Rajalingam Chinnasamy. “Natural disasters and terrorist attacks have highlighted the need for emergency backup power solutions, widening the scope for diesel generator set manufacturers around the world.”

However, this growth will be tempered to an extent by the availability of cheap gas, which will lead end-users to opt for gas generator sets over diesel sets. Growing environmental concerns among the general public are also turning end-user attention towards alternate power generation sources such as solar and fuel cells.

Ways in which participants in the diesel generator set market can sustain and grow market share include:

• The introduction of dual fuel generators, which appeal to a larger consumer base;
• Offering customized servicing packages with new generator sets to attract consumers across segments;
• Offering a complete one-stop solution in the higher output ranges to build consumer loyalty;
• Inorganic growth, which is the best strategy to penetrate markets in Latin America, India and China.

Analysis of the Global Diesel Generator Set Market is part of the Energy & Power Growth Partnership Service program. Frost & Sullivan’s related studies include: North American Generator Set Market, Global Gas Gen-Sets Market, Global Gas and Steam Turbine Markets. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Analysis of the Global Diesel Generator Set Market / ND38-14

 
 
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Developing Infrastructures Ignite Global Adoption of Diesel Generator Sets Finds Frost & Sullivan

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Diesel Generator Set | Frost & Sullivan
Publisher Contact: Ariel Brown - Frost.com 
210-247-2481 ariel.brown[.]frost.com
 
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