Transparency Market Research, New York: A diesel generator is equipment used for the generation of electrical energy. This equipment is a combination of a diesel engine and electric generator. Diesel generators are used to convert biodiesel, diesel, or fuel energy into mechanical energy with the help of an internal combustion engine. Then, this energy is converted into electric energy using electric generator.
Analysts at TMR emphasize that the worldwide telecom industry is likely to play key role in the development of the global diesel generator market. The diesel generator market is expected to grow at a CAGR of ~4% during the forecast period of 2019 to 2027.Major enterprises in this market are expanding their revenue sources using latest ORC generators that can convert diesel generators’ waste heat into power, specifically in countries that largely depend on diesel generators.
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The nature of the global diesel generator market is reasonably fragmented. The market experiences the presence of many regional as well as international players.
Major well-established companies in the global diesel generator market are increasing their efforts to maintain their leading market position. They are entering into merger and acquisition agreements. This aside, major enterprises in this market are focused on advancing the quality of their products.
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The list of well-established companies in the global diesel generator market includes Himoinsa, Generac Holdings Inc., AKSA Power Generation, KOEL Green, Mahindra Powerol, Aggreko PLC, AGCO Corporation, Jakson, Multiquip Inc., Caterpillar Inc., Cummins Inc., Kohler Co., and Greaves Cotton Limited.
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