Electric Generating Set Market is Expected to Generate Huge Profits by 2020

Electric Generating Set Market: Global Industry analysis and Forecast to 2020
Electricity has emerged as an essential part of human life. Electricity supports various phenomenons
such as lightning, electromagnetic induction and electrical current. Electricity generation is the
process of generating electricity for the use in commercial and residential buildings. Generally,
electricity is generated at electric power station through the use of electromechanical generators.
There are various other methods which are used to create electricity. Methods such as static
electricity (uses physical separation and transport of charge), electromagnetic induction
(transformation of kinetic energy into electricity through the use of generator), electrochemistry
(transformation of chemical energy into electric energy), photovoltaic effect (transformation of light
into electricity), thermoelectric effect (conversion of temperature difference into electricity),
piezoelectric effect (generation of electricity from electrically anisotropic molecules) and nuclear
transformation (acceleration of charged particles creates electricity). Electric generator is a device
which is used to generate electricity by converting mechanical energy (combination of potential
energy and kinetic energy) to electrical energy for use in an electric circuit.
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On the bases of function, the global electric generating set can be bifurcated into diesel electric
generating sets (further division on the bases of capacity), wind powered electric generating set,
spark ignition engines electric generating set and others. Diesel electric generating set has the
largest market share, followed by wind powered and spark ignition electric generating set. Diesel
electric generating set is expected to dominate the market in the forecasted period. Electric
generating set is majorly applied in the commercial and residential construction sectors. Other
major application includes water and wastewater treatment, telecommunication, railways and
others. Construction sector is expected to dominate the market in the forecasted period.
Europe has the largest market for electric generating set, followed by North America and Asia
pacific. The U.K and the U.S. are the largest consumers of electric generating set to generate
electricity owing to increasing demand from end-user industry. Europe is expected to dominate the
market in the forecasted period; North America is expected to shoe average growth. However, Asia
pacific is expected to witness highest growth in the coming years owing to emerging market of
India and China. India is expected to shoe highest growth owing to industrial development and
shortage of electricity.
Increasing demand from end-user industry such as construction and railway is driving the global
electric generating set market. Additionally, increasing investments in the infrastructure
development is further driving the global electric generating set market for the generation of
electricity to fulfill the demand from these sectors. For infrastructure development, the U.K
government’s public sector investment is expected to rise by USD 4.9 billion to about USD 77.7
billion in 2013-14 over 2012-13. It is further expected to increase to about USD 83.0 billion in
2014-15. In India government infrastructure investment allocation increased from USD 27.1 billion
in 2013 to USD 29.5 billion in 2014. Also, rising urban population coupled with increasing
disposable income may provide ample growth opportunity for the market players to increase their
reach especially in the developing markets.
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Increasing demand of electricity and investment in the infrastructure sector has propelled the market
players to spend more in the electric generating set market. Some of the major companies operating

in the global electric generating set market are Kirloskar Electric Company Limited, TECO-
Westinghouse Motor Company, Potencia Industrial, Baldor Electric Company (member of ABB
Group), Electric Machinery Company Inc. (part of WEG group) and Atlas Copco.