The diesel generator sets (gensets) market is expected to grow at a compound annual growth rate (CAGR) of 3.65 percent by 2018, according to a new report conducted by TechNavio, a global tech-focused research firm.
The report, Diesel Gensets Market in the US 2014-2018, includes detailed information on market segmentation, size and forecast through 2018, market growth drivers, market challenges, market trends, and key vendors.
“Energy consumption has increased significantly, which has led to a shortage of energy and given rise to the need for uninterrupted power supplies. Concerns over the energy deficit have grown and this essentially drives the growth of the Diesel Gensets Market in the US,” said Faisal Ghaus, vice president of TechNavio.
The report also indicates that hybrid generators, which runs on gas and diesel, will boost the overall market potential in the near future.
“Hybrid generators offer more cost and fuel efficiency than conventional generators, and provide environmental sustainability through minimal greenhouse gas emissions and energy consumption compared with conventionally fueled generators, which will lead to increased uptake of this technology across commercial, industrial and residential sectors in the US over the projected period,” Ghaus said.
To view the report, click here.
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