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Technavio’s market research analysts expect the global stationary diesel generator market to grow significantly, posting a CAGR of over 5% during the forecast period. Developing countries such as China, India, and Brazil show immense market potential for the adoption of stationary diesel generators. Therefore, vendors are venturing into these countries, where demand for these generators is growing significantly.
Rapid urbanization and industrialization are the key factors that led to increased demand for power generators, thus compelling industries to adopt stationary generators to provide continuous supply of electricity and ensure uninterrupted business operations. One main advantage of stationary generators is that they are capable of supporting very high power loads for prolonged periods of time.
The stationary diesel generator market is classified into three segments:
At present, the market for the generators with capacity of 61 to 1,000 kW accounts for the majority of share with over 51%. Most of the industries, such as mining, oil and gas, petrochemical, data centers, telecommunications, manufacturing, residential, construction, and automotive experience a demand for the diesel generators in this particular range.
The APAC region dominated the global stationary diesel generator market in 2014, accounting for a market share of over 36%. The EMEA region, however, show immense growth potential during the forecast period following the huge investments taking place in the construction and industrial segment in the gulf countries such as Dubai, Qatar, and Saudi Arabia.
Key vendors are expanding their businesses by acquiring companies in regions with high expected CAGR to enhance their market potential and market share. Moreover, acquiring complementary businesses and integrating them successfully to extend the product and service offerings is a remarkable strategy to expand the customer base and increase geographical presence.
Other prominent vendors included in this report are Mitsubishi Heavy Industries, Perkins, and Pramac.
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