April 19, 2016 - 2:40 PM EDT
Print Email Article Font Down Font Up
Technavio Announces Top Four Emerging Trends Impacting the Global Diesel Generator Market Through 2020

Technavio’s latest report on the global diesel generator market provides an analysis of the key trends expected to impact the market from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The global diesel generator market is predicted to reach USD 15 billion by 2020, growing steadily at a CAGR of over 5%.

According to Anju Ajaykumar lead analyst at Technavio for engineering tools “The world is gradually increasing its dependency on technology and interconnected systems that heavily rely on electric power to operate efficiently, thus increasing the need for uninterrupted power supply. Places such as data centers, hospitals, fueling stations, water and wastewater treatment plants, and communication and transportation systems need uninterrupted electricity supply to ensure and protect public safety and health. Unlike other fuel sources, such as natural gas and gasoline, generators that run on diesel are able to deliver a constant supply of reliable electric power.”

The top four emerging trends influencing the global diesel generator market according to Technavio’s heavy industry research analysts are:

Smart generators

Modern diesel generators are undergoing a series of technological advances that make them unique compared to the conventional diesel generators in use. From advanced monitoring equipment to high tech control systems, vendors are incorporating all these features in their generators to differentiate these from their previous products.

Digital technology is widely being used in generators that perform as a backup power source for large-scale jobs. The transition from analog to digital control technology has provided end-users with better and reliable monitoring of the fuel and coolant levels. Apart from this, the digital control systems allow monitoring of battery life, engine oil, and temperature.

Bi-fuel portable generators

Bi-fuel technology when incorporated in the portable units, provides significant fuel savings and environmental benefits. DuroMax and Champion, design and manufacture bi-fuel portable generators.

Diesel generators that use bi-fuel technology can operate on 70% natural gas that includes scrubbed and cleaned wellhead gas. The system controller manages the fuel mixture that helps the equipment perform optimally under load.

“Bi-fuel technology enables the end-user to enjoy the flexibility to choose the fuel type based on its availability. Natural gas provides the additional operational time that is unavailable in case of conventional diesel generators,” says Anju.

Technological advances in diesel generator sets

Improved fuel economy continues to be the most significant progress in diesel engine technology. Although many end-users prefer gasoline-powered equipment, diesel engines possess a solid end-user base in the industrial sector, as this sector considers fuel economy as an important parameter in owning a power backup equipment.

Over the years, several initiatives and changes have been implemented in order to improve the overall efficiency of the engine in a diesel-powered generator.

Diesel to remain leading fuel type in generators

Diesel as a fuel type dominates the overall generator market. For several decades, the generators, especially those used in the industrial sector, have been resorting to diesel as the most preferred fuel type, due to its lower cost and easy availability.

Diesel generators will account for about 65-70% of the market by the end of 2020 due to greater engine lifespan, low maintenance costs, safe fuel storage, and cheaper price.

Some of the top vendors for the global diesel generator market as researched by Technavio analysts are:

  • Caterpillar
  • Cummins
  • Generac
  • Kohler

Browse Related Reports:

Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com


Source: Business Wire (April 19, 2016 - 2:40 PM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice