Manufacturers, such as Cummins, Inc. and Himoinsa, are introducing technologically advanced generator sets that offer remote monitoring and control. These systems allow users to remotely observe and control engine and alternator data, power system status, load levels, and control system status. The advent of such systems is expected to propel the demand for generators in the market.
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North America has a substantial revenue share in the overall market owing to the presence of a large number of data center facilities in the region. In addition, presence of key companies, such as KOHLER Group and Cummins Inc., also intensifies the competition in this region and contributes to the growing revenue share. With a rise in the number of data centers in developing economies like India, the Asia Pacific regional market is anticipated to record the fastest CAGR in the next seven years.
Data Center Generators Market Report Highlights
· Gas product type is anticipated to register the fastest CAGR of 8.1% during the forecast period owing to their cleaner operation and lower emission than diesel-based systems
· Generators under 1 MW capacity are expected to register the highest CAGR over the forecast period owing to the increasing number of smaller and edge data centers
· Growing number of hyperscale facilities is anticipated to catapult the demand for Tier IV systems in the near future
· Some of the key companies include Caterpillar, Inc.; Cummins, Inc.; and KOHLER Group. These companies have established partnerships with facility developers and principal contractors to maintain their market position and share
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