Global diesel gensets market: 4% CAGR growth expected between 2012-2016

Press Release   •   Aug 08, 2013 14:14 BST

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.

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