Can Future of Black Start Generator Market is Good or Bad
The report "Black Start Generator Market by Type (Diesel and Others), by Power Ratings
(Below 1,000 kW, 1,000 kW-2,000 kW, 2,000 kW-3,000 kW, and Above 3,000 kW), by
Industry (Power, Manufacturing, Oil & Gas, and Others) and by Region - Trends & Forecasts
to 2021", The black start generator market is expected to grow from an estimated USD 1.24
Billion in 2016 to USD 1.50 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Increasing
investment in power generation infrastructure and growth of manufacturing sector are driving
the market for black start generators across the world.
Browse 60 market data tables with 51 figures spread through 154 pages and in-depth TOC
on "Black Start Generator Market - Trends & Forecasts to 2021"
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 wh ich 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.
The market has been segmented into -
On the basis of Type