Global Diesel Genset Market is expected to reach USD 21.37 billion by 2022, according to a new report by Grand View Research, Inc. Growth of oil & gas, mining, telecom and retail sectors across the globe has lead to an increased demand for electricity. High supply demand gap for electricity is expected to drive the market for back-up energy sources such as diesel gensets. Industrial Diesel Genset Market was estimated at USD 3.97 billion in 2014 and is expected to witness growth over the forecast period on account of rising power failure issues during production resulting in heavy losses. Diesel gensets offer a cost and fuel efficient alternative during the time of power outages. Establishment of new production facilities, particularly in Asia Pacific and MEA is expected to result in fueling market growth.
http://www.grandviewresearch.com/industry-analysis/diesel-gensets-industry
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