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The Development Of Global Diesel Generator Industry
Oct 31, 2018

diesel generator industry

Global diesel generator industry keeps steady growth. The global diesel generator industry has maintained stable development in recent years, mainly driven by the following factors:

1, per capita lower power utilization and the instability of power grids in developed countries; 

2, the standby power requirement of IT and telecom sectors; 

3, the increased demand of construction activities for generator sets;

4, global population growth and urbanization have demand on electricity. Compound Annual Growth Rate (CAGR) reached to 5% from 2009 to 2014.

This good development reflects the fact that diesel is the prior choice to generate electricity and also a top choice for end-customers, despite various alternatives, and there will be no significant decline in the demand market. According to statistics of Frost & Sullivan, global diesel generator market demand was $7.2 billion in 2009, and reached $10.28 billion in 2014. Most of new demand came from emerging economies such as China, Middle East, Africa and Latin America.

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