Surging demand from Data Centres energises European diesel market
As low economic growth is expected to keep the diesel generator set (genset) market subdued until 2020, several factors are sustaining market potential, including the growth of data centres, rising infrastructure investments, low diesel prices due to falling oil prices, and capacity market auctions in the United Kingdom.
Environmental and emission regulations in Europeare expected to play a key role in the future usage of diesel gensets. This will cause industries to move toward cleaner burning power generation such as renewables and gas. Companies that focus on client relationships, and offer newer, high-quality, reduced diesel fuel emission products like hybrid gensets, are positioned for growth.
European Diesel Generator Set (Genset) Market, Forecast to 2020, new analysis from Frost & Sullivan’s Power GenerationGrowth Partnership Service programme, includes an in-depth analysis of the European diesel genset market with a specific focus on drivers and restraints, opportunities, challenges faced by industry participants, applications, and competitive landscape for key market players such as Caterpillar, Cummins, SDMO, Himoinsa, MTU, Pramac, and Euro Diesel.
“The diesel genset of 1MW power range segment is set to benefit as demand intensifies from data centres, with their high-power requirements and need for solutions with quick start-up times and maximum reliability,” explained Frost & Sullivan Energy & Environment Industry Analyst Manoj Shankar. “Data centre networks across Europe are witnessing increasing investment from technology companies, such as Apple, Salesforce.com, IBM, Google and Amazon, to tackle intensive data creation, tougher data protection laws, and the expansion of banks and technology companies within Europe.”