The global black start generator market is expected to reach USD 1.50 Billion by 2021 at a CAGR of 3.8% from 2016 to 2021. The growth is attributed to construction of thermal, nuclear, and hydro power plants and growth of manufacturing industries across the globe.
Some of the leading players in the black start generator market include GE (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Caterpillar Inc. (U.S.), MTU Onsite Energy (Germany), and Cummins Inc. (U.S.). Contracts and Agreements was the most adopted strategy followed by black start generator market players.
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The market has been segmented into -
On the basis of Type
• Diesel
• Others
On the basis of Power Rating
• Below 1,000 kW
• 1,000 kW-2,000 kW
• 2,000 kW-3,000 kW
• Above 3,000 kW
On the basis of Industry
• Power
o Thermal
o Nuclear
o Hydro
• Manufacturing
• Oil & Gas
• Others
On the basis of Region
• North America
• South America
• Asia-Pacific
• Middle East & Africa
• Europe
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Black start diesel generator to dominate the market during the forecast period
Amongst the three commonly used types of generators which are diesel, gas, and hybrid; diesel generators have the quickest response, easier fuel sourcing, lowest running cost, and longer running life which are also the factors driving the growth of the diesel generator segment in the black start generator market. Diesel generators held over 90% of the market during the forecast period and are expected to grow at a higher rate as compared to gas and hybrid generators for black start. Gas and hybrid generators are mostly preferred in countries having developed gas distribution network like the U.S, U.K., and Canada.
Power industry to hold the major share of the black start generator market during the forecast period
The black start generator market is segmented on the basis of industry which includes power plants, manufacturing, oil & gas, and others. The power industry is the major buyer of black start generators and is the key driver for the market. High urbanization and industrialization in emerging economies such as China, India, Indonesia, and Saudi Arabia among others has resulted in high demand for electricity leading to the growth of the power industry across globe, thereby driving the black start generator market. Developed economies such as Germany, the U.S., and Canada have a high-power plant retirement rate and are also investing in constructing new power plants, which will further add to black start generator market.
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Market share analysis by revenue for key companies is included in the report. The scope accordingly aids market participants to identify high growth markets and helps managing key investment decisions. For this report, major players in the black start generator market have been identified using various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing people. Based on this research, the market shares have been evaluated and validated.
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