COMMENTS 5 Aidan Turnbull Editor


less than 10% of the market share. The global generator market is certainly highly competitive; the technology used is maturing and replaceable, and there are pricing challenges. However, in the past decade, the market grew over 40%, and by 2025, it is expected to grow by another 50%. The market growth during the forecast period will largely depend on the market growth in the Middle East and Africa, and Asia-Pacific. Another market analysis company - MarketAndMarkets - has published a report with the snappy title: "Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous Power), Power Rating (<100, 100–350, 351–1,000, >1,000 kVA), End-User (Residential, Commercial, and Industrial), and Region - Global Forecast to 2021". Esssentially, MarketAndMarkets predicts the generator sales


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market will grow from an estimated US$ 18.57 billion in 2016 to US$ 24.45 billion in 2021, at a CAGR of 5.7%. The market will grow due to growing demand for uninterrupted and reliable power supply from all major end-users, such as industrial & commercial end-users. Gas generator sets, which at present account for only 9% of


the market, are expected to see a large increase in market share in the coming years. Growing environmental concerns and the imposition of stricter emission norms limiting the operational hours of diesel generator sets during a year, are the key factors which will drive this change. The other notable change during the recent past has been the commercial exploration of shale


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Gas generator sets, which at present account for only 9% of the market, are expected to see a large increase in the global market share


ccording to the market analyst - GlobalData - the world generator market is largely dominated by diesel generator sets, with gas generator sets accounting for


gas, which has resulted in a significant reduction in the cost of the fuel. The US, which has the largest gas generator market globally, is also the only country to explore shale gas economically, which highlights its importance to the market. This has generated optimism and enthusiasm in several other countries that have a significant technically recoverable shale gas reserve. If they are able to explore their reserve economically then countries like China, Brazil and South Africa will see a major upturn in their gas generator markets. The biggest challenge the market faces is the high initial


cost, which is approximately four times that of a diesel generator of the same specification. However, gas generator sets are more economical in the long term, due to the minimal operation and maintenance costs. The other major challenge for the development of the gas generator market is the absence of adequate gas transportation infrastructure in many countries, whereas diesel is relatively easily available, which gives those generators a competitive edge. Clearly then, the future of gensets could be gas-based?


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