Diesel Generator Sets Will Reach 82 Gigawatts in Annual Capacity Installations by 2018, Forecasts Pike Research
BOULDER, Colo.--(BUSINESS WIRE)-- Using internal combustion engines for distributed power production, diesel generator sets (gensets) are among the fastest-selling, least expensive Distributed Generation (DG) technologies in the world. Although they face increasing competition from natural gas configurations, diesel-fueled gensets are poised for continued growth in most regions and power classes. According to a new report from Pike Research, a part of Navigant’s Energy Practice, annual installations of diesel gensets will reach 82 gigawatts of capacity by 2018.
“Distributed generation has the advantage of going online more quickly than traditional large centralized power stations, reducing demand pressure on the electrical grid and the inefficiencies that are common in centralized power generation, transmission, and distribution,” says research analyst Dexter Gauntlett. “Comprising a number of specialized segments spanning power classes, applications, and end-use customers, this market offers a rich ecosystem of opportunities for market participants.”
While the diesel genset market continues to experience steady growth, a boom in unconventional gas resources and tightening regulations targeting stationary generator emissions point to a turning point in the industry, according to the report. Many companies are shifting or expanding their focus to natural gas gensets and offer diesel-to-gas conversion kits, reflecting recent fuel cost trends favoring natural gas in the North American market.
The report, “Diesel Generator Sets”, analyzes the global market potential for diesel gensets, from less than 15 kilowatts to six megawatts, for residential, commercial, and industrial applications. The study includes in-depth assessments of global regions for capacity installations, an analysis of global gas resource development, and profiles of the key industry players engaged in this market. Worldwide market forecasts are provided through 2018 for annual installations and revenue, segmented by region and by power class. An Executive Summary of the report is available for free download on the Pike Research website.
About Pike Research
Pike Research, which joined Navigant’s global Energy Practice on July 1, 2012, provides in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NYSE: NCI ) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Diesel Generator Sets,” is a summary and reflects Pike Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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