Market research Future Genset Market Reviewed with 2022 Opportunities. | Page 3

Global Genset Market Research Report- Forecast to 2022
2 Market Overview
The demand for energy and power has been increasing rapidly in recent times. Although there are several
already existing power grid project and many power grid projects underway across the globe, they are
bound to go through malfunction at a point, thus generators play an essential role when energy supply is
concerned. Generators act as a backup to a form of power failure to any industry, grid or construction site.
Increasing demand for continuous flow of power is set to boost the demand in the Genset market.
Industry News : -
In May, 2017 – Caterpillar introduced its all new CAT RP12000 E portable generators in U.S. and Canada.
The new generator fills out the top of the series, delivering 12kW of running power and new features to
meet the specific needs of the “pro-sumer” – emergency home back-up, DIY enthusiasts and contractors.
In July, 2017 – HIMOINSA opens a new factory for Argentina and southern cone, located in Located in
Santa Fe and occupying some 12,000 square metres, the new centre has the capacity to produce 3,000
generator sets of between 8kVA and 1745kVA each year.
In January, 2017 – APR Energy, a global leader in fast-track power solutions, and GE (NYSE: GE)
announced that they have renewed their strategic alliance to provide mobile turbine technology into the
fast-track power rental market.
In October, 2017 – Cummins, Inc. (NYSE: CMI) announced the new C125N6 and C150N6 models in the
QSL8.9G Series. The Cummins commercial generator set is a fully integrated power generation system
providing optimum performance, reliability, and versatility for stationary standby power applications.
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