#home standby gensets market size

[globalmarketsresearchreports]

Global Home Standby Gensets Market Highlights and Forecasts to 2031

Home Standby Gensets Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

TBRC’s market report includes a chapter on the COVID-19 impact on the home standby gensets industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected home standby gensets market growth numbers from 2022-2031.

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The global home standby gensets market size is expected to grow from $3.64 billion in 2021 to $4.03 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The global home generators market share is expected to grow to $5.33 billion in 2026 at a CAGR of 7.3%.

View more on the report:

The Home Standby Gensets Global Market Report 2022-31 by The Business Research Company evaluates home standby gensets market size, growth rate, drivers, home standby gensets industry trends, and major companies.

The home standby gensets market segments in the report are:

1) By Product Type: Air Cooled, Liquid Cooled

2) By Fuel Type: Natural Gas, Diesel, Others

3) By Phase Type: Single Phase, Three Phase

The table of contents in TBRC’s home standby gensets market report includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

.

.

.

27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

About The Business Research Company:  The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.  

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[tumb11]

U.S Positive-Displacement Pumps Market Demand, Growth Challenges, Industry Analysis And Forecasts to 2030

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[rahulpande15]

Diesel Genset Market 2022 Emerging Growth & Dynamic Forecast To 2030

The diesel genset market is witnessing a continual rise. The market growth attributes to the growing demand for uninterrupted and reliable power supply. Besides, the increasing demand for energy and frequent power outages create substantial market demand. Moreover, frequent outages caused by natural calamities that can interrupt operations in industries, emergency services, homes, and commercial establishments, further escalate market growth.

According to Market Research Future (MRFR), the global Diesel Genset Market is projected to be worth USD 30.81 billion by 2028, registering a CAGR of 8.70% during the forecast period. The significant shift towards diesel generators due to the increased usages of rental power propels the growth in the market. Also, the advantages of diesel gensets such as cost-effective and reliable power supply accelerate the demand in the market.

Additionally, the rising demand for ready-to-run yet highly customizable power solutions that can meet any power capacity requirement, irrespective of how demanding the project or operating conditions are, boost the market size. Furthermore, robust engines of diesel generators that can stand on reliability due to their simple design and ease of maintenance make these gensets perfectly suited to hot and dusty environments and for remote applications.

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Their impressive load response allows customers to use a smaller and cost-effective package to power their needs. High engine efficiency, low operational cost, and more efficiency of diesel genset are some of the prominent driving forces. On the other hand, stringent regulations against CO2 emissions are a major factor projected to continue impeding market growth. Also, high noise and air pollution would continue to restrict market growth.

Nevertheless, new developments of high ambient cooling systems that ensure maintained performance even in the most extreme environments would support the market growth throughout the review period. Also, fuel mapping options for optimized fuel consumption for use in non-emissions regulated regions and low-NOx optimized emissions for use in mission-critical applications such as data centers enable the diesel gensets to be deployed globally without worry.

New engines come with a closed-loop regeneration crankcase ventilation system and rigid block, crankcase, and sub-frame, which is estimated to contribute to the market growth exponentially to reduce noise and vibration.

Global Diesel Genset Market – Segmentations

The report is segmented into five dynamics;

By Probability: Stationary and Portable.

By Power Rating: Up to 100 kVA, 100 kVA–350 kVA, 350 kVA–1,000 kVA and Above 1,000 kVA.

By Application: Standby, Peak Shaving, Continuous, and others.

By End Use: Industrial, Commercial, and Residential.

By Regions: Asia Pacific, Europe, Americas, and the Rest-of-the-World.

Global Diesel Genset Market – Geographical Analysis

The Asia Pacific region dominates the global diesel genset market. The largest market share attributes to the growing demand for steady & reliable power supply, rising development in data centers, and the increasing oil & gas activities in the region. Besides, the massive availability of diesel in the region due to the rising production fosters the regional market's growth. Moreover, inexact government regulations for vehicle emission positively impact the growth in the regional market.

On the other hand, diesel genset markets in North America and Europe demonstrate sluggish growth, mainly due to stringent fuel mapping regulations. However, optimized emissions in non-emissions regulated regions in Europe, the USA, Canada, etc., support the market growth in these regions. Additionally, low-NOx optimized use in mission-critical segments like data centers enables the diesel generators to be deployed without worry. Also, the cost-effectiveness of diesel gensets boosts market growth, delivering top-of-the-line fuel consumption regardless of the calibration.

Global Diesel Genset Market - Competitive Landscape

Fiercely competitive, the diesel genset market is categorized by the presence of numerous well-established players. These players incorporate strategies such as mergers & acquisitions, collaboration, technology/product launch, and expansion. Promotions through trade exhibitions and product commercialization are the other key strategies adopted by these players. Manufacturers strive to develop their portfolio with high-quality gensets of different capabilities. They are committed to delivering reliable, leading-edge products and comprehensive after-sales support.

Major Players:

Players leading the global diesel genset market include Caterpillar (US), Cummins Inc. (US), Mitsubishi Heavy Industries, Ltd (Japan), Kohler Co. (US), Wärtsilä (Finland), Atlas Copco AB (Sweden), Yanmar Co. Ltd. (Japan), Rolls-Royce plc (UK), Kirloskar Electric Company (India), Generac Power Systems, Inc. (the US), JS Power (UK), General Electric (US), Sutton Power Engineering (UK), Ashok Leyland (India), and Denyo Co., Ltd (Japan), among others.

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Industry/Innovation/ Related News:

December 01, 2020 ---- KOHLER-SDMO (France), an industrial generator manufacturer, launched a new diesel-powered generator sets, expanding the top end of its KD Series. The rollout of new models 4000kVA & 4500kVA (50Hz) and 3500kW & 4000kW (60Hz) is based on strong worldwide market response. These generators are equipped with the APM802 controller that ties the entire system together for a seamless customer experience.

Additionally, the generators are designed to deliver extreme durability and ultimate reliability in a variety of emergency and prime applications, expanding the limits of standby generator sets.

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[abhigmi]

North America Commercial Gensets Market Substantial Growth and Comprehensive Analysis and Forecast by 2027

According to a recent study from market research firm Graphical Research, the North America commercial gensets market size is poised to expand at substantial CAGR during the forecast period. The prevalence of faulty grid infrastructure and an upsurge in power outages frequency owing to hostile weather are likely to propel North America commercial gensets market revenue. Customers’ preference for reliable power backup solutions and emergence of technological advancements have augured well for the industry outlook.

According to an estimate, North America commercial gensets market size is projected to grow substantially by 2026. Robust infrastructural growth in light of private and public investments aimed at developing commercial spaces has instilled confidence among stakeholders.

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Penetration of gas commercial gensets will become more noticeable as the trend for cleaner fuel continues to gain popularity in the region. Besides, increased investments toward the growth of LNG infrastructure and oil and gas exploration projects will further impel the footprint of gas gensets.

End-markets will continue to exhibit traction for diesel gensets as they provide weather-independent, scalable and flexible operations. While low up-front costs and smooth power availability have driven the deployment of diesel gensets, paradigm shift towards cleaner fuels, energy efficiency and cost reduction may dent the adoption of these units.

Stakeholders envisage >750 kVA gensets as a revenue-boosting segment given that they can reduce costs incurred during power downtimes and outages. Deployment of >750 kVA will further gain ground from increased demand from data centers and the trend for work from home policy adopted by several companies in the region. Not to mention, the need for a consistent and reliable power supply in the intensive care units has signified the relevance of gensets.

Deployment of 375-750 kVA gensets will witness pressing demand in the region following an upsurge in the building of mega commercial buildings for hotels, data centers and telecom towers. Moreover, the easy availability of affordable and reliable power solutions and customer inclination towards emergency preparedness are some of the dynamics spurring the trend for 375-750 kVA gensets.

Leading companies are slated to boost their investments in standby commercial gensets in light of frequent blackouts and outages in industries, including IT-enables service firms and data centers. It is pertinent to mention that the demand for standby gensets has surged drastically in the past several years to meet the demand for electricity in emergency situations in commercial projects.

The U.S. commercial gensets market value is likely to gain a noticeable uptick as the country continues to observe an unprecedented surge in construction and restricting activities, along with governments’ funding. Well-established companies have increased their investments to keep up with the demand for a reliable power supply.

Brazil is also expected to come up with a favorable investment hub on the back of soaring construction activities, viable government initiatives and growth of smart cities. Furthermore, Brazil is witnessing an influx of funds towards the establishment of commercial spaces, leading to the demand for reliable and uninterrupted power supply.

Even though the North America commercial gensets market outlook is projected to remain robust, the fallout of COVID-19 pandemic has seemingly dented the growth. Simply put, several end-users have either shut or suspended the operation. That said, an upsurge in the number of make-shift hospitals amidst the pandemic fared well for companies eyeing to make their mark in North America commercial gensets industry.

The implementation of rigorous emission laws and inclination towards environment conservation will set the benchmark for both emerging companies and leading companies in the industry. It is worth mentioning that expanding penetration of data centers, retail stores and government centers will further the adoption of commercial gensets across the region.

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Some of the key industry players are Cummins, Siemens, Atlas Copco, Kohler SDMO, Caterpillar, Generac Holdings, Wartsilla and MTU Onsite among others. These companies are expected to foster their business strategies to gain a competitive edge and propel North America commercial gensets market share.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Research Methodology

1.2    List of Data Sources

1.2.1    Primary

1.2.2    Secondary

Chapter 2   Market Snapshot

2.1    North America commercial gensets market snapshot

Chapter 3   North America Commercial Genset Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2017 – 2027

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation Landscape

3.5    COVID-19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2020

3.10.1    Strategy dashboard

3.11    PEST analysis

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[cindy893]

Home Standby Gensets Market Analysis, Size, Share and Players from 2020-2026 | Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton

This report added to the broad database of confirmed research titled Home Standby Gensets by manufacturer, region, type and application, forecast up to 2026. Home Standby Gensets is proposed to feature direct documentation of all the best executions in the business. The Home Standby Gensets report contains a top to bottom investigation of present and future market patterns, division, mechanical chances and the future market situation, considering the estimate years 2020 to 2026. It contains critical subtleties on the key players in the Home Standby Gensets advertise just as development situated practices, that they typically use. The report looks at various development drivers and constraining elements. The key conjecture data by type and application with deals and income from 2020 to 2026 is remembered for Home Standby Gensets report.

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This particular and mastery arranged industry explore Keyword report examines the specialized and business viewpoint of the industry. The Keyword report breaks down and announces the recorded and current patterns investigation of the industry. In this manner prescribes the anticipated patterns foreseen to be seen in the Keyword report advertise during the up and coming years.

Major Key players of the Global Home Standby Gensets Market-

Cummins

Kirloskar Oil Engines Limited

Briggs & Stratton

SDMO Industries

Generac

Caterpillar

MTU Onsite Energy

Siemens AG

Honeywell International, Inc.

Eaton Corporation

Champion Power Equipment

DuroMax Power Equipment

Mahindra Powerol

Ashok Leyland

Himoinsa

Powerica Ltd.

Types are divided into:

Air Cooled

Liquid Cooled

Applications are divided into:

10 kVA

10 - 50 kVA

50 – 100 kVA

>100 kVA

The Keyword report highlights the most recent market trends. Keyword report unveils vulnerabilities that may emerge because of changes in business activities or presentation of another item in the market. This Keyword market report is generated with the combination of best industry insight, practical solutions, talent solutions and latest technology.

Significant Regions covered in this report:

North America, China,Europe, Japan, Southeast Asia, India, Central & South America

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Which are the Key Questions to buy the Home Standby Gensets report?

What will be analyzing center capabilities and pieces of the overall industry of key players in the Home Standby Gensets and thoroughly profiling them?

What are the Unveiling significant possibilities and openings accessible in the Home Standby Gensets advertise?

What will be researching the market based future possibilities, development patterns, and Home Standby Gensets elements?

What are the market size of driving fragments and sub-sections of the Home Standby Gensets?

What are the Home Standby Gensets market openings and methods adopted and seen by the players?

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Customization of this Report: This Home Standby Gensets report could be customized to the customer's requirements. Please contact our sales professional (sales@marketresearchglobe.com), we will ensure you obtain the report which works for your needs.

[smartgen]

Major Events of SmartGen in 2018

2018 is the 20th anniversary of SmartGen. After years of development, SmartGen has developed and grown up from small to large, from weak to strong, step by step. SmartGen will continue to keep moving towards new goals, realize qualitative leap and the dream of being century-old company.

April: Signed strategic cooperation agreement with WOODWARD and product release The signing ceremony between Woodward and SmartGen will turn over a new page in genset control modules industry. The cooperation will provide timely, reliable and perfect product services and technical support for the global genset users.

April: Won the "May 1st Labor Award" in Zhengzhou The celebration of Labor Day and the meeting to study and implement of the spirit of the 19th National Congress of the CPC was held in the auditorium of Zhengzhou Staff Home. SmartGen was awarded the "May 1st Labor Award" as an advanced enterprise with outstanding achievements and contributions.

June: Passed the national small and medium-sized technology-based enterprise record Technology-based SMEs refer to the enterprises which are mainly engaged in R& D, production and sales of high-tech products, taking R&D personnel as the mainstay. The identification of technology-based SMEs is the "certification" sign of innovation ability of SmartGen and is also the result of the joint efforts of all employees.

June: Passed AAA credit rating SmartGen passed the national AAA enterprise credit rating, making us become one of the most creditworthy enterprises in China. It not only provides many benefits for the development of our company, but also reflects our determination to cooperate with customers and suppliers in a long-term and stable way.

June: Won "The Best Employer in Zhengzhou" SmartGen has been adhering to the "people-oriented, scientific and efficient" management concept. We continuously explore and make improvement in the personnel training, staff care, benefits and other aspects. Our aim is that employees can work happily and develop together with our company. Under the background of new employers economism in China, SmartGen will keep up with the times and pay more attention to the humanistic care of employees. Our company will further improve the personnel training, talent motivation & retention and actively fulfill social responsibility to better improve our employer brand!

December: The application of WOODWARD redundant genset control panel RGCP3400 in China WOODWARD’s dual modular Redundant Genset Control Panel (RGCP) was designed to provide an additional layer of power system reliability in mission-critical applications, such as data centers, hospitals, or critical industrial processes. Specially designed firmware allows the two controls to operate in tandem in a primary/standby configuration. Should the CPU of the primary unit fail, control is automatically transferred to the stand-by unit and “bump-less” genset control is resumed; there is negligible effect on generator stability or load sharing during the transfer, even during start-up and synchronization.

December: The first national standard of genset controller was officially released The national standard “Reciprocating internal combustion engine driven alternating current generating sets--Controller" was approved to start, which was made an application by the National Standardization Technical Committee of Mobile Power Station. It was led by Lanzhou Power Station& Vehicle Institute Co., Ltd. and organized by SmartGen. A total of six enterprises jointly took part in the drafting and the enacting of this standard. It took four years to get passed and was officially released on December 28, 2018. Finally, we could make a farewell to an era which has no national standard for generating sets controller.

With 20 years of perseverance, SmartGen has gained unanimous praise from customers and has continuously improved the market popularity. Under the guidance of brand strategy, SmartGen will set great goals, strengthen the mission and build a benchmark for the times of large country and heavy enterprises in the future. We will also make every effort to open a new journey of higher quality development of century-old SmartGen and finally realize the dream of " Manufacturing Power".

[priyanka16me]

Generator Market Size Pegged for Robust Expansion by 2027

Global Generator (Up to 20 kVA) Market: Key Highlights

The global generator (up to 20 kVA) market size was valued at ~US$ 2.2 Bn in 2018, and is anticipated to expand at a CAGR of 5.5% during the forecast period.

Among the fuel types, the diesel segment accounted for a major share of the global generator (up to 20 kVA) market in 2018. Diesel generators are the primarily employed generators across the globe.

Among the power ratings, the 16 kVA – 20 kVA segment held a significant share of the global generator (up to 20 kVA) market in 2018, due to the high use of 16 kVA – 20 kVA generators and flexibility in fuel usage, ease of installation, and diverse range of applications offered by these generators in commercial and small industrial sectors across the world.

Among the types, the portable generator segment held a dominant share of the global generator (up to 20 kVA) market in 2018, due to the high operational flexibility and diverse applications offered by portable generators in residential and commercial sectors.

Among the applications, the standby segment held a significant share of the global generator (up to 20 kVA) market in 2018.

Among the end users, the residential segment held a major share of the global generator (up to 20 kVA) market in 2018.

Asia Pacific is estimated to offer immense growth potential to the global generator (up to 20 kVA) market in the next few years, due to the significant demand for up to 20 kVA gensets in the telecom sector in the region.

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Key Drivers and Restraints of Global Generator (Up to 20 kVA) Market

The requirement for up to 20 kVA generators in the residential and commercial sectors in the Middle East & Africa and Latin America is rising, due to the sluggish rate of electrification, growing off-grid areas, and sluggish economic growth of these regions. In Sub-Saharan Africa, the urban electrification rate is 60% and the rural electrification rate is 14%, which encourages the use of backup generators to meet power requirements in rural as well as urban areas. More than 77% of people in the Middle East & Africa and Latin America live without access to grid-connected electricity. This factor drives the generator (up to 20 kVA) market in these regions. Thus, growing off-grid areas and growth of the telecom sector in the Middle East & Africa and Latin America are expected to drive the generator (up to 20 kVA) markets in these regions during the forecast period.

Developed regions such as North America and Europe have accomplished total electrification several years ago. Currently, the power infrastructure in these regions lacks technological advancements as well as load-carrying capacity, resulting in power failures and fluctuations. Growing fluctuations in power supply and high demand for uninterrupted power supply drive the generator (up to 20 kVA) markets in North America and Europe.

However, a majority of generators with up to 20 kVA power rating across the globe are diesel generators. Growing environment-related concerns such as air pollution and noise pollution are likely to restrain the global generator (up to 20 kVA) market during the forecast period.

Asia Pacific Highly Lucrative Market for Generators (Up to 20 kVA)

Asia Pacific dominates the global generator (up to 20 kVA) market. Asia Pacific consumes almost 30% of these generators produced across the world, which makes the region a major consumer of gensets. High consumption in the region is attributable to rise in the demand from the residential, telecom, rural, agriculture, and commercial sectors in Asia Pacific.

North America is another major region in the global generator (up to 20 kVA) market. The U.S. holds a major share of the generator (up to 20 kVA) market in North America, in terms of both, volume and revenue. Most of the demand for up to 20 kVA generators in North America comes from the small commercial and residential sectors in the region, led by aging power infrastructure, incidence of natural calamities, and rising power fluctuations in the region.

Global Generator (Up to 20 kVA) Market: Key Developments

In April 2018, Caterpillar Inc. announced the introduction of the dynamic gas blending (DGB) dual-fuel technology for diesel generator sets for unregulated emission applications in Latin America and other markets around the world.

In June 2016, Briggs & Stratton Corporation launched Fortress standby generator systems for residential customers, with a capacity of 10–60 kW.

In May 2016, Briggs & Stratton Corporation launched the 8,000-W Elite Series, the world’s first Bluetooth-portable generators. These generators are equipped with StatStation branded wireless Bluetooth devices, which makes them convenient for customers to monitor these generators from the inside of their homes.

Global Generator (Up to 20 kVA) Market: Competition Landscape

The global generator (up to 20 kVA) market is highly fragmented, with the presence of a large number of players.

Rise in technological advancements, strong brand recognition, strong position of established players, and strict government regulations pose a barrier to the entry of new players in the global generator (up to 20 kVA) market.

Key players operating in the global generator (up to 20 kVA) market are Yamaha Motor Corporation, Cummins Inc., Kohler Co., Generac Holdings Inc., Caterpillar Inc., Honda Siel Power Products Ltd, Su-Kam Power Systems Ltd, KOEL Green, Greaves Cotton Limited, FG Wilson, Mahindra Powerol, and Jakson Group.

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Function of a Generator

Function of a Generator | We know that together with electricity is the main source of energy for human needs, if there is no electricity, it might be difficult for humans to have activities. Many things can affect power cuts such as disasters. Disasters can usually cause the duration of a power outage. Things like hurricanes, floods, lightning, earthquakes, and landslides can stop the supply of electricity for hours or days.

Almost everyone relies on electricity, therefore, a power outage for several minutes is quite annoying. When a power outage lasts more than an hour, more serious problems can occur that can cause things to become damaged or become expensive or dangerous.

During a power outage, the refrigerator and freezer stopped functioning. During the summer, frozen food softens and can cause real chaos. If you invest in the beef business, the losses might reach millions of rupiah or more if the electricity goes out for several days. If you are sick and your medical condition requires special equipment, a power failure can create a life or death situation. For example, a comatose patient in the Intensive Care Unit (ICU), a patient can die if there is no generator set on standby during a power outage.

If you live in a rural area that has a water pump as a water source, a power outage can cut off your water supply. An electric generator is a device that converts mechanical forces to electric forces. Converted mechanical power is made from mechanical and chemical power in a variety of fuels, or taken from other sources, such as water or wind, which is used as a number power sheet. Electric motors, internal combustion engines, steam engines, gas-burning turbines, water, and wind engines are the usual ways to provide automatic power for these devices.

Generators are available in a variety of sizes, from very small machines that have several watts of energy output to very large power generating equipment that provide large watts of energy. The operation of a power plant is based on the occurrence of electromagnetic induction when a conductor moves about a magnetic field, a current is stimulated in the conductor. Generators are the best type of emergency backup resource for your home and business.

The electromagnet consists of a field coil attached to the iron core. Current flowing into the field loop creates a magnetic field. This current can be taken from an outside source or from a system anchor. Regulation is obtained by sensing the production voltage, converting it to DC and comparing the level with electrical energy references.

So you can be sure the function and usefulness of the generator are very important as a source of electricity backup, indeed the price of the generator is very expensive but don't worry you can rent it. Arthur Teknik is the best Genset rental company in Indonesia, as evidenced by the number of customers and companies who entrust their backup power sources to Arthur Teknik, you don't need to worry about how to operate the Arthur Arthur rental generator. Because Arthur Teknik also provides 24-hour standby service for your operator during the rental period so you don't need to worry about renting a generator at Arthur Teknik.

For additional information, if you want to use other Arthur Teknik services such as misty fan rental services, AC rental services or booth electrical installation services, then please contact the contact below:

Phone 1 : +6281316854183 (Jakarta) Phone 2 : +628111836468 (Jakarta) Phone 3 : +6281210463637 (Jakarta) Phone 4 : +62818960565 (Bali)

Email : marketing@arthurteknik.com

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Generator Sales Market Plying for Significant Growth During 2018 – 2026

Generator is a machine that converts mechanical energy into electrical energy. Two types of generators are available in the market: stationary and portable. These generators can be used in standby, prime and continuous, and peak shaving applications in various end-use sectors such as industrial, commercial, and residential.

Increase in Demand for Electricity

Power consumption has increased significantly across the globe, especially in Asia Pacific, over the last few years. Strong growth of economy and rise in population have boosted the consumption of power. Increase in infrastructure development activities is also driving the demand for electricity. However, production of electricity by utilities is not sufficient to meet the global demand for power. This has created scope for generator sets to fill in the gap between power generation and consumption. Several residential, commercial, and industrial users have installed generators due to the lack of utility-scale or inconsistent power supply. Thus, rise in demand for power across the globe has boosted sales of generator sets. Consumption of electricity in Europe increased by 0.7% (23 Terawatt hours) in 2017. This was the third consecutive year of increase in consumption of electricity in the region. China consumed 5,367 TWh of electricity in 2016. Consumption of electricity rose to 5,683 TWh in the country in 2017.

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Prevalence of Rental Market, Especially for Portable Generators

The prevalent practice of renting generators is a major factor hampering the sale of generator sets. Consumers prefer to rent portable generators than generator sets. Portable generators offer several advantages over conventional generator sets. For instance, they can be easily transported from one place to another. Low weight and small size allows them to be transported and handled easily. They also require low amount of fuel. Certain industries such as construction, agriculture, and automotive repair are prefer to opt for rental generators, as these are portable and easy to handle. Renting is a more affordable option than buying if generators are needed for a short period of time.

Rise in Adoption of Renewable Energy Increases Requirement of Backup Power Facilities such as Generator Sets

Renewable energy is rapidly gaining traction across the globe. Europe leads the world in terms of adoption of renewable energy. Countries in the region have managed to substantially shift from combustible fuels toward environmentally efficient and clean power generation methods such as wind, solar, geothermal, and hydro energy. A few member countries of the European Union have already exceeded the 2020 target of the share of energy from renewable sources. However, renewable energy sources cannot provide consistent power. They are dependent on natural climate. For instance, solar energy can be produced during daytime, while wind energy can be produced when the wind is blowing with a certain force. This creates the need for backup power sources. Generators is one of these sources. Generators can provide the necessary power backup when renewable energy fails. Demand for generators is anticipated to increase in the near future due to the rise in the use of renewable energy.

Expansion and Acquisition Activities in Generator Sales Market

In December 2017, Cummins, Inc. announced the launch of the new RS125 and RS150 models in the QuietConnect series generators. The generators have a capacity ranging from 13 kW up to 150 kW to back up larger homes and small businesses, including dental and medical offices, grocery stores, gas stations, and strip malls. In January 2017, Generac successfully completed the acquisition of Motortech Holding GmbH & Co. KG. This move strengthened the company’s position in the power generation market in Europe. In May 2016, Briggs & Stratton Corporation launched 8000 watts Elite Series, the first Bluetooth portable generator in the world. The generator is equipped with StatStation branded wireless Bluetooth device, which makes it convenient for customers to monitor the generator from inside their homes. In 2016, Caterpillar Inc. launched a new RP series of portable generators with four basic models ranging from 3.6 KW to 7.5 KW. In February 2015, KOEL Green signed a Memorandum of Understanding (MOU) with MTU Friedrichshafen, GmbH for building and commissioning emergency diesel gensets (EDGs) for future requirements of Nuclear Power Plants (NPP) in India.

Asia Pacific Generator Sales Market to Expand at Rapid Pace

Asia Pacific dominated the global generator sales market in 2017. The market in the region is expected to expand at a rapid pace during the forecast period. Rapid economic growth and rise in standard of living are major factors driving the demand for electricity in Asia Pacific. China is the most populated county in the world. Hence, demand for electricity in the country is high. China consumed 5,104 TWh of electricity in 2015. Consumption of electricity increased to 5,683 TWh in the country in 2017. According to the Global Tracking Framework 2017 Regional Assessment Report, more than 421 million people in Asia Pacific remained without access to electricity. Thus, demand for generators is high in the region.

Highly Competitive Market with Dominance of Top Players

The global generator sales market is highly fragmented. Large numbers of local and international players provide generator sales services. Key players operating in the global market include Cummins Inc., Caterpillar Inc., Generac Holdings Inc., Himoinsa S.L., AKSA Power Generation, KOEL Green, Atlas Copco AB, Aggreko PLC, Kohler Co., Briggs & Stratton Corporation, Yamaha Motor Corporation, Greaves Cotton Limited, AGCO Corporation, APR Energy, and Multiquip Inc.

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Genset Market Leading Regions, Top Key Player and SIZE 2018.

Genset Market Overview:-

Hybrid genset that run on gas, diesel, solar and batteries is the new trend in the global market. Escalating demand for these gensets leads to several manufactures to develop hybrid gensets and offer better cost and fuel efficiency than the conventional gensets. They are cost-effective where the average running of the load is much below the size of installed gensets. A diesel genset paired with solar panels and dual fuel is another trend gaining momentum in the market.

The genset market is deemed to expand at a steady CAGR during the forecast period 2016-2022, according to recent detailed report by Market Research Future (MRFR). Various countries are reeling under the problem of frequent power outages that triggers the need for gensets. Gensets are used in diverse applications such as commercial, industrial, and infrastructural development.

The demand for energy and power has been progressing rapidly in recent times. Several power grid project and many power grid projects experience a malfunction at a point, thus generators play an essential role in energy supply. Generators are a backup for power failure to any industry, grid or construction site. Increasing demand for undisrupted and continuous flow of power will boost the demand in the genset market. Gensets solve power outage issues across countries. However, there are some key restraints that undermine the market growth such as operational risk and falling oil prices. However, these factors do not leave any major impact on the market. The genset market is expected to surge steadily during the forecast period.

Genset Global Market - Competitive Analysis

The global market for genset seems to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Genset Market Top Key Player:-

MTU Onsite Energy (Germany), Caterpillar Inc. (U.S.), Himoinsa S.L. (Spain), Mitsubishi Heavy Industries, Ltd. (France), APR Energy (USA), Siemens Ltd. (Germany), General Electric Company (USA), Aggreko plc (U.K), Toshiba Corporation (Japan), Hyundai Heavy Industries Co., Ltd. (South Korea), Hyosung Corporation (South Korea), Bharat Heavy Electricals Limited (India), Perkins Engines Company Limited (U.K)., Cummins Inc.(U.S.), Kohler Co.(U.S), Kirloskar Group (India), Briggs & Stratton (U.S), Wärtsilä (Finland), AKSA Power Generation (Turkey) and Yanmar Co., Ltd. (Japan). are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Genset Market.

Advanced Energy Storage Systems Market Top Key Players:-

Yuasa Corporation , Samsung SDI Co. Ltd. , Hitachi Limited, Toshiba Corporation, ABB Limited, Siemens A.G., Alstom, Exide Technologies, L.G. Chem. Limited, Alevo Group S.A., Maxwell Technologies Inc., AES Corporation, Tesla Inc., General Electric Company, Voith GmbH, Sulzer Ltd., Hydrostor Inc., Highview Power Storage, Linde AG, Hydrogenics Corporation and SolarReserve, LLC.. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Advanced energy storage systems Market.

Industry News:-

In May, 2017 – Caterpillar introduced its all new CAT RP12000 E portable generators in U.S. and Canada. The new generator fills out the top of the series, delivering 12kW of running power and new features to meet the specific needs of the “pro-sumer” – emergency home back-up, DIY enthusiasts and contractors.

In July, 2017 – HIMOINSA opens a new factory for Argentina and southern cone, located in Located in Santa Fe and occupying some 12,000 square metres, the new centre has the capacity to produce 3,000 generator sets of between 8kVA and 1745kVA each year.

In January, 2017 – APR Energy, a global leader in fast-track power solutions, and GE (NYSE: GE) announced that they have renewed their strategic alliance to provide mobile turbine technology into the fast-track power rental market. In October, 2017 – Cummins, Inc. (NYSE: CMI) announced the new C125N6 and C150N6 models in the QSL8.9G Series. The Cummins commercial generator set is a fully integrated power generation system providing optimum performance, reliability, and versatility for stationary standby power applications.

Regional Analysis of Genset Market:

Asia-Pacific is the leading region in the Genset market mainly due to the rapid growth in the manufacturing sector in recent times. Within Asia-Pacific, regions like India and China have been major contributors to the growth of the Genset market with rapid commercial activities and industrial development.

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Diesel Generator Market Growth Rate, Industry Revenue & Forecast to 2030

The diesel generator market is witnessing a continual rise. The market growth attributes to the growing demand for uninterrupted and reliable power supply. Besides, the increasing demand for energy and frequent power outages create substantial market demand. Moreover, frequent outages caused by natural calamities that can interrupt operations in industries, emergency services, homes, and commercial establishments, further escalate market growth.

According to Market Research Future (MRFR), the global Diesel Genset Market is projected to be worth USD 30.81 billion by 2028, registering a CAGR of 8.70% during the forecast period. The significant shift towards diesel generators due to the increased usages of rental power propels the growth in the market. Also, the advantages of diesel gensets such as cost-effective and reliable power supply accelerate the demand in the market.

Additionally, the rising demand for ready-to-run yet highly customizable power solutions that can meet any power capacity requirement, irrespective of how demanding the project or operating conditions are, boost the market size. Furthermore, robust engines of diesel generators that can stand on reliability due to their simple design and ease of maintenance make these gensets perfectly suited to hot and dusty environments and for remote applications.

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Their impressive load response allows customers to use a smaller and cost-effective package to power their needs. High engine efficiency, low operational cost, and more efficiency of diesel genset are some of the prominent driving forces. On the other hand, stringent regulations against CO2 emissions are a major factor projected to continue impeding market growth. Also, high noise and air pollution would continue to restrict market growth.

Nevertheless, new developments of high ambient cooling systems that ensure maintained performance even in the most extreme environments would support the market growth throughout the review period. Also, fuel mapping options for optimized fuel consumption for use in non-emissions regulated regions and low-NOx optimized emissions for use in mission-critical applications such as data centers enable the diesel gensets to be deployed globally without worry.

New engines come with a closed-loop regeneration crankcase ventilation system and rigid block, crankcase, and sub-frame, which is estimated to contribute to the market growth exponentially to reduce noise and vibration.

Global Diesel Genset Market – Segmentations

The report is segmented into five dynamics;

By Probability: Stationary and Portable.

By Power Rating: Up to 100 kVA, 100 kVA–350 kVA, 350 kVA–1,000 kVA and Above 1,000 kVA.

By Application: Standby, Peak Shaving, Continuous, and others.

By End Use: Industrial, Commercial, and Residential.

By Regions: Asia Pacific, Europe, Americas, and the Rest-of-the-World.

Global Diesel Genset Market – Geographical Analysis

The Asia Pacific region dominates the global diesel genset market. The largest market share attributes to the growing demand for steady & reliable power supply, rising development in data centers, and the increasing oil & gas activities in the region. Besides, the massive availability of diesel in the region due to the rising production fosters the regional market's growth. Moreover, inexact government regulations for vehicle emission positively impact the growth in the regional market.

On the other hand, diesel genset markets in North America and Europe demonstrate sluggish growth, mainly due to stringent fuel mapping regulations. However, optimized emissions in non-emissions regulated regions in Europe, the USA, Canada, etc., support the market growth in these regions. Additionally, low-NOx optimized use in mission-critical segments like data centers enables the diesel generators to be deployed without worry. Also, the cost-effectiveness of diesel gensets boosts market growth, delivering top-of-the-line fuel consumption regardless of the calibration.

Global Diesel Genset Market - Competitive Landscape

Fiercely competitive, the diesel genset market is categorized by the presence of numerous well-established players. These players incorporate strategies such as mergers & acquisitions, collaboration, technology/product launch, and expansion. Promotions through trade exhibitions and product commercialization are the other key strategies adopted by these players. Manufacturers strive to develop their portfolio with high-quality gensets of different capabilities. They are committed to delivering reliable, leading-edge products and comprehensive after-sales support.

Major Players:

Players leading the global diesel genset market include Caterpillar (US), Cummins Inc. (US), Mitsubishi Heavy Industries, Ltd (Japan), Kohler Co. (US), Wärtsilä (Finland), Atlas Copco AB (Sweden), Yanmar Co. Ltd. (Japan), Rolls-Royce plc (UK), Kirloskar Electric Company (India), Generac Power Systems, Inc. (the US), JS Power (UK), General Electric (US), Sutton Power Engineering (UK), Ashok Leyland (India), and Denyo Co., Ltd (Japan), among others.

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Industry/Innovation/ Related News:

December 01, 2020 ---- KOHLER-SDMO (France), an industrial generator manufacturer, launched a new diesel-powered generator sets, expanding the top end of its KD Series. The rollout of new models 4000kVA & 4500kVA (50Hz) and 3500kW & 4000kW (60Hz) is based on strong worldwide market response. These generators are equipped with the APM802 controller that ties the entire system together for a seamless customer experience.

Additionally, the generators are designed to deliver extreme durability and ultimate reliability in a variety of emergency and prime applications, expanding the limits of standby generator sets.

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Asia Pacific Commercial Gensets Market Substantial Growth and Comprehensive Analysis and Forecast by 2027

According to a recent study from market research firm Graphical Research, the Asia Pacific commercial gensets market size is poised to expand at substantial CAGR during the forecast period. The COVID-19 pandemic highlights the need for better power solutions as well as power backup required during emergencies. Whether it is the pressure of keeping industrial and business operations running smoothly, or is the challenge of working from home, the need to ensure steady power supply across the nation is more prominent than ever before. This is likely to power the commercial gensets market in Asia Pacific.

Government establishments, private institutions, hospitals, educational institutions, and many other sectors of the economy are dependent on a steady power supply for their daily operation. To mitigate potential losses due to loss of power supply and meet the requirement for a reliable power supply, gensets provide a flexible, scalable and weather-independent operation. The Asia Pacific commercial gensets market share is set to gain a burgeoning demand by 2027 and is projected to grow at a CAGR of more than 6.7% from 2020 to 2027.

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By end-user segment, 0-75 kVA diesel generators are used as backup power in grid-connected regions and as the only source of power supply in off-grid regions. In comparison to hybrid or electric generator sets, investment in diesel generators is relatively low. Diesel is known to be a fuel which is easily accessible at low costs across all major towns and cities in the region. This proves to be beneficial to the residential, commercial, and industrial sectors in the emerging economies of Asia-Pacific, as it also helps in stabilizing and boosting the overall economy.

By capacity segment, 0-75 kVA diesel generators are also used in India’s telecom sector as a backup power requirement. The country has close to 45,000 telecom towers needing continuous power supply. The Telecom Regulatory Authority of India (TRAI) recently reported more than 1,171.80 million telephone subscriptions in October 2020.

The growing consumption of telecom and internet services in the region is accelerating Asia Pacific commercial gensets market forecast. The Government’s initiatives toward the development of   rural areas and creation of smart cities will further extend the demand for these portable gensets during the forecast period.

Asia Pacific market will witness a steady growth across the 330kVA-750KVA rated commercial gensets through 2027 as these generators have the ability to mitigate losses incurred during power cuts and keep up with the fast paced-infrastructural activities in the region. These generators are widely used in commercial spheres such as restaurants, showrooms, airports, hotels, schools, and colleges, as well as at construction sites. Moreover, the enhanced standard of living and an increase in disposable income amongst the Asian population will also increase the demand for a steady power supply and positively affect the market landscape.

By application, standby power-based gensets are expected to contribute significantly toward the overall APAC commercial gensets market size by 2027. They provide continuous, standard, and portable back up power thereby preventing electrical failures. This is especially beneficial for the increasing construction activities throughout India and its plans for the development of green buildings, urbanisation and modernised infrastructure.

In 2019, China, one of the leading economies in Asia-Pacific, reported the largest market share with maximum demand from the leading commercial office establishments and small-scale vendors across the nation. Consequently, the commercial sector is likely to represent a considerable portion of commercial gensets industry share in Asia Pacific through 2027 as well.

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The key manufacturers and distributors in Asia Pacific commercial gensets market are Mitsubishi, Cummins Inc, ABB Ltd, Heavy Industries Ltd, Caterpillar Inc., and Siemens AG.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Primary

1.2.2    Secondary

Chapter 2   Market Snapshot

2.1    Asia Pacific commercial gensets market snapshot

Chapter 3   Asia Pacific Commercial Gensets Market Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2017 – 2027

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation Landscape

3.5    COVID-19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2020

3.11    PEST analysis

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About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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Pollution Response Vessel Designed To Protect Canada’s West Coast

In September 2017, Burnaby BC based Western Canada Marine Response Corporation (WCMRC) awarded a construction contract to ASL Shipyards, Singapore, for three of Robert Allan Ltd.’s BRAvo 2500 Pollution Response Vessels designed to protect Canada’s West Coast.

This project builds upon a strong relationship between WCMRC and Robert Allan Ltd., which included providing guidance to assess recently built spill response skimming vessels and providing technical assistance to bring these into Canadian registry. Recently, this also included providing market studies evaluating available existing vessels, which could be converted for spill response duties, and the design of two large spill response barges, for which the construction contracts are expected to be awarded later this year.

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With WCMRC’s aim to increase their offshore spill response capability for the Trans Mountain pipeline expansion project Robert Allan Ltd. was awarded a design contract by WCMRC in late 2016 for the BRAvo 2500 vessels. Through a highly collaborative process working in person with WCMRC, the best possible solution to meet their response requirements was assessed and incorporated into the design of these vessels.

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Identified as Coastal Response Vessels by WCMRC, these modern pollution response platforms were custom designed to meet the formidable environmental conditions and demanding requirements of Canada’s exposed west coast. They will act as a mothership to other smaller vessels during training exercises and in the response to a spill, should it occur. They will be capable of deploying leading containment technologies, transferring equipment between vessels, and provide WCMRC the flexibility of utilizing the vessel’s internal tankage or offloading any oil into WCMRC’s barges.

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Particulars of the BRAvo 2500 pollution response vessels are as follows:

Length: 25.0 m

Beam: 10.25 m

Depth: 3.80 m

Draft, Maximum: 2.8 m

Capacities (at 98%):

Fuel oil: 53 m³

Fresh water: 12 m³

Recovered oil: 26 m³

The hull form, which features a bulbous bow, was extensively studied by Robert Allan Ltd. with computational fluid dynamics and will allow the resiliently mounted EPA Tier 3 compliant Caterpillar C9.3 main engines to propel the vessel at a speed of at least 10 knots. Two Caterpillar C4.4 ship service gensets, in sound enclosures, will provide electrical power for vessel services, including the deck machinery.

A spacious deck aft is equipped with 2500 ft. of Kepner self-inflating offshore containment boom stored on a large powered reel and a NOFI Current Buster 4 sweep system, which can be deployed and towed by the Coastal Response Vessel to capture oil in current and waves. These booms are deployable over an aft roller to minimize wear during training exercises and an aft swim platform allows easy access to the water surface for recovering and deploying equipment with the vessel’s crane. This platform will also ease the transfer of spill responders from small workboats with limited freeboard.

Image Credits: ral.ca

On the main deck, large lockers for handling loose spill response equipment are provided along with a large wet gear entry space to deal with the west coast’s extremely wet climate. The entry space can be used as an internal decontamination area during a spill. Crew accommodations are also arranged on this level, featuring a generously sized mess, galley and crew rooms. With the deckhouse above, which includes two large cabins and an office, the vessel is designed to accommodate 8 people in quiet MLC compliant cabins, satisfying all Transport Canada regulations. The wheelhouse provides exceptional all around visibility, especially to the aft deck to allow the master to actively manoeuvre the vessel using its twin screw propulsion and the bow thruster while still supervising the deployment and recovery of spill response equipment.

Due to the harsh environmental conditions, significant effort was spent during the design to reduce the vessel’s motions in waves to the maximum extent possible. This included implementing Robert Allan Ltd.’s unique hull sponson technology from the incredibly successful RAstar series of offshore escort tugs, as well as large bilge keels, twin skegs and a bulbous bow. The vessel’s stability was also assessed to optimize rolling period and not only satisfy regulatory requirements, but also implement Robert Allan Ltd.’s recommendation for one compartment damage survivability.

Image Credits: ral.ca

WCMRC selected Lloyds Register as the classification society for the vessels with Robert Allan Ltd. contracted to coordinate plan approval to LR’s rules as well as Transport Canada requirements. The vessels are designed to the following notation: LR ✠100A1 SSC, Workboat, Mono, G4, UMS, IWS – Oil Recovery Workboat with Occasional Towing Duties.

These innovative BRAvo 2500 Pollution Response Vessels, custom designed to support WCMRC’s spill response operations in demanding weather operations, are truly the state of the art in compact pollution response vessel design today. They will provide a safe and comfortable platform for WCMRC crews to standby while conducting their regular training exercises and play a critical role in ensuring a speedy response, should a spill occur. Robert Allan Ltd. congratulates WCMRC and ASL on the successful contract signing and looks forward to these advanced vessels protecting the pristine coast our staff is honoured to call home.

Reference: ral.ca

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