New Research Says Black Start Generator Market Having Highest Growth till 2022

The global black start generator market is estimated to grow at a CAGR of 3.8% from 2016 to 2021. Growth of the black start generator market is attributed to the growth of power generation and manufacturing industry, healthcare, transportation, and telecom & IT sector in regions such as Asia-Pacific, North America, and Europe. High growth of power generation in the Asia-Pacific is predicted to make it a leading region in the black start generator market by 2021.

The black start generator market is fragmented and involves regional as well as international players. Few of the market leaders include GE (U.S.), MTU Onsite Energy (Germany), Cummins Inc. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), and Caterpillar (U.S.), among others. Other companies include Gensel Energy (Spain), Wartsila Corporation (Finland), Broadcrown (U.K.), Zest WEG Group (South Africa), and Kirloskar Group (India).

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Scope of the report:

• This study estimates the global black start generator market, in terms of USD till 2021
• It offers a detailed qualitative and quantitative analysis of this market
• It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market
• It covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the black start generator market.

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Asia-Pacific is currently the largest market for black start generators and is closely followed by the North America and Europe. China accounts for the major market share in the Asia-Pacific market. China is rapidly expanding its power generation capacity by adding around 60 GW of thermal capacity every year. Moreover, it is also investing in nuclear power plants and is projected to become leader in nuclear power generation. China is also among the most lucrative market for manufacturing industries, making it largest market for black start generator.

The Middle East is witnessing the growth of manufacturing industries such as aluminium smelting, and automobile. The UAE, Saudi Arabia, and Egypt are among the top emerging manufacturing markets in the world and are expected to become a pivotal market for the industry. Moreover, these countries are also investing in their power generation sector to meet the growing demand. These factors are likely to create good business opportunities for black start generator manufacturers in the region.

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In terms of fuel type, diesel generators are expected to dominate the market across globe. Diesel is easily available in the market and is easy to store, moreover, diesel generators have a faster response time, lower running cost, and longer running life. Moreover, few countries have also exempted black start generators from generator emission norms, thereby giving consumers an easier choice between diesel and other fuels. However, the gas-based generator market is expected to grow in countries with developed gas pipeline distribution network. Gas generators have cheaper equipment and lower fuel cost when compared to diesel generators making them a cost effective and environment friendly black start option. Technological advancement has also brought about gas generators with longer running life. In spite of these advantages, gas generators are still a long way from becoming market leaders.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues