Global Electric Generating Set Industry Expansion is Forecast to Reach 1.6% P.A.

Date: 2015-08-14

The expansion of the global electric generating set industry is forecast to reach 1.6% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 8.8%. Currently, diesel generating sets account for 42.5% of the global demand while the remaining market share is divided between wind-powered generating sets (19.2%), generating sets with spark ignition engines (15.9%), and other electric generating sets (22.4%).

China, Russia, Turkey, the United Kingdom and the United States represent the largest electric generating set markets while the strongest annual growth is forecast to occur Bolivia (12.9%), Israel (11.6%), Panama (10.5%), Macedonia (9.6%) and Ecuador (9.4%).

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