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
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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.
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at [email protected].
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