Thursday 9 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Diesel Genset Market in the US: Caterpillar Inc., Cummins Inc. and Generac Power Systems.
Other Prominent Vendors in the market are: ABB, Detroit Tools, GE, Kohler, Mitsubishi Heavy Industries and Siemens.
Commenting on the report, an analyst from the report's team said: “Increased adoption of Industry-specific generators is one of the key trends emerging in the market. The Diesel and Gas Generators market in the US is witnessing increased demand for generators that are customized according to the requirements of different industries.”
According to the report, the increased energy deficit is one of the major factors driving market growth. The demand-supply gap for energy has widened, thereby increasing the need for diesel gensets. Widening of the demand-supply gap is mainly because of increased energy consumption by various end-users.
Further, the report states that competition among the market vendors has intensified. Several international and local diesel genset providers enjoy a sizeable presence in the market worldwide. There are intense price wars among vendors, forcing them to reduce the prices of their products to remain competitive in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.