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GlobalData: China to replace US as diesel generator set market leader by 2020

2 July 2014

China is set to overtake the US as the global diesel generator set (genset) market leader, increasing its share from 26% in 2013 to 33% by 2020, according to a new report from research and consulting firm GlobalData.

The report—Diesel Generator Market – Global Market Size, Equipment Share and Competitive Analysis to 2020—forecasts that while the US, China and India are currently the top diesel genset players, only China and India’s market shares will improve by the end of the forecast period.

China and India each face a considerable gap between their power supply and demand, creating attractive markets for diesel genset manufacturers. High power deficits, coupled with significant economic growth potential, are expected to be the strongest drivers behind these markets’ expansion.

As a result, China will see its revenues jump from $2.7 billion in 2013 to approximately $5 billion by 2020, representing a Compound Annual Growth Rate (CAGR) of 9.6%. Meanwhile, the US can expect its market value to increase only moderately during the same period, from almost $3 billion to $3.8 billion, at a CAGR of 3.7%.

—Siddhartha Raina, Senior Analyst for GlobalData

A number of barriers will hinder any further development in China’s diesel genset market by 2020, including the slow anticipated growth in the country’s industrial sector, according to the report.

Despite heavy industry being an important end-user for China’s genset market, as this sector consumes the majority of electricity nationally, GlobalData states that industrial output is expected to rise at a slower pace until 2015.

Furthermore, the Chinese government’s increased focus on the commercialization of renewable sources for electricity generation will also affect further expansion in this arena.

The government plans to strengthen and modernize China’s transmission and distribution network, in order to enable the system to accommodate renewable power. Major investments in the smart grid over the next five years are expected to make electricity supplies in China more reliable, which will in turn have an adverse effect on the diesel genset space during the forecast period.

—Siddhartha Raina

The report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.

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Comments

Is this good or bad news?

It would be nice to build a solar/diesel generator system.
(You would probably need a battery as well for buffering)

So, lets say you have a 10kW generator with 5kW of solar, the controller uses solar when available and fills it in with diesel so you can have 24/7 power with maximum use of solar.
I suppose the trick is to make it foolproof so that anyone who can run a diesel generator can run a solar diesel one.

Then, there is the question - how many types of generators and solar panels can it use or do you need a dedicated generator.

An ideal one cold take any generator and any panels and would make the best of them, but it might have to be dedicated to one brand of generator.

Has this been done - does anyone know ?
It sounds easy (in principal).

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