Diesel Generator Monitoring System Market to Undergo a Steady Growth by 2025
Rapid power generation and
oil & gas activities are some major factors propelling the growth of global
diesel generator monitoring system market.
According
to TechSci Research report, “Global Diesel
Generator Monitoring System Market By Components
(Sensor, Tracking Device, Power Supply, Monitoring Station and Others), By End
User (Residential, Commercial, Industrial, Telecom and Others), By Region, Forecast
& Opportunities, 2025”, the market is anticipated to undergo a significant rate of
growth during the forecast period. Key factors driving the growth of global diesel
generator monitoring system market are rapid power generation and oil & gas
activities due to increasing global energy demand and rising industrialization
in developing nations. According to International Energy Agency (IEA), in 2018,
energy demand grew by 4% (900TWh) worldwide which was fulfilled through coal
and natural gas. The growing concerns pertaining to rise in carbon emissions
from energy generation creates the need for clean, eco-friendly and sustainable
energy generation. This acts as a major growth factor for diesel generator
monitoring system market.
Additionally, various government around the world are
introducing strict policies and regulations in an effort to lessen the carbon
emissions and their harmful impact on environment. With more countries adopting
these strict regulations, global diesel generator monitoring system market is
expected to grow substantially over the next five years. Furthermore, growing
awareness pertaining to pollution, climate change and environment degradation
is creating the demand for diesel generator monitoring systems. Also, a large
number of companies are investing heavily on environment friendly power
generation technologies which is further supporting the growth of global diesel
generator monitoring system market.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on
"Global Diesel Generator Monitoring System Market"
https://www.techsciresearch.com/report/global-diesel-generator-monitoring-system-market-by-components-sensor-tracking-device-power-supply-monitoring-station-others-by-end-user-residential-commercial-industrial-telecom-others-competition-forecast-opportunities-2013-2023/1232.html
The global
diesel generator monitoring system market can be segmented based on components,
end user and region. Based on component, the market can be categorized into sensor,
tracking device, power supply, monitoring station and others. Among them, power
supply segment is expected to hold a significant share during the forecast
period owing to growing power demand and consumption around the world.
Based
on end user, global diesel
generator monitoring system market can be split into residential, commercial, industrial,
telecom and others. Out of them, the commercial segment is expected to undergo
fastest CAGR during the forecast period. The reasons can be attributed to the
wide usage of diesel generators in data centers, educational institutions &
government centers and growing implementation of diesel generator monitoring
systems to follow the regulations in order to reduce carbon emissions.
Major players operating in the global diesel
generator monitoring system market are General Electric Company, Zoho
Corporation Pvt. Ltd, Eaton Corporation, ABB Ltd, Maven System Pvt. Ltd.,
Goodall Industrial, Honeywell International and Cummins Inc., among others.
Companies are investing on innovations and technologies to introduce advanced
products in the global market. Moreover, they are also undergoing inorganic
growth strategies such as mergers & acquisitions, strategic collaborations,
partnerships and joint ventures in order to increase their revenue share in
global diesel generator monitoring system market.
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“In
terms of demand, North America is a dominant region for diesel generator
monitoring system market owing to increasing oil and gas activities in offshore
regions of United States. However, increasing maritime security activities and
significant rise in offshore oil and gas production activities in countries
like India, China and Japan are expected to make Asia Pacific fastest growing
market for diesel generator monitoring system companies in the coming years, ” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Diesel Generator Monitoring System Market By Components
(Sensor, Tracking Device, Power Supply, Monitoring Station and Others), By End
User (Residential, Commercial, Industrial, Telecom and Others), By Region, Forecast
& Opportunities, 2025” has
evaluated the future growth potential of diesel generator monitoring system market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global diesel generator monitoring system market.
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