Diesel gensets in 2018, accounted for 70% share of the global generator sets market revenue share. High flexibility, scalability, reliable performance and longer engine lifespan are some of the underlying features sustaining the use of DG sets. These units, however, are facing challenges from the growing infiltration of natural gas fueled units and emerging hybrid technologies favored by stringent emissions standards and environmental regulations.
Generator Market Key Segments
- Dual fuel
The diesel generators segment led the global generator sales market with USD 8.79 billion revenue in 2017. Natural gas segment is projected to grow at a steady pace due to their property for being environmentally friendly and less polluting