Transparency Market Research in its new report titled, “Diesel Generator Monitoring System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the diesel generator monitoring system market. The TMR report anticipates that the increase in oil and gas activities in offshore regions will drive the diesel generator monitoring system market during the forecast period i.e, 2018-2026.
As per the report, a diesel generator monitoring system monitors the status of a diesel engine or a diesel generator. It also includes amperage, RMS, PR, RMO, voltage, and other parameters. It also sets off an alarm in the case of an engine failure. Additional monitoring functions pertain to the generator’s fuel status, including fuel pressure and fuel consumption (especially to alert the control room when thefts occur). Diesel generator monitoring system market can be segmented on the basis of its types, applications, and region. Based on types diesel generating system can be bifurcated as hardware and software. Diesel generator monitoring system are used in the oil & gas activities, power generation, general industries, and commercial sector. Diesel generator monitoring systems help in managing fuel shipments that maximize generator uptime are one of the drivers. It helps reduce on-site visit to any of the sites where diesel generators are installed. High cost of installation is one of the major restraints of the diesel generator monitoring system. New innovations and technologies are emerging in order to reduce costs and increase the quality of the data of the diesel generator monitoring systems.
On a geographical stand, North America is a dominant region of the diesel generator monitoring system market in terms of demand. This is ascribed to the increase in oil and gas activities in offshore regions of the U.S. New discovery of shale oil in North Dakota in North America has boosted the demand for diesel generator monitoring system. The diesel generator monitoring system market has been expanding in countries in Asia Pacific such as India, China, and Japan due to the rise in maritime security activities, growth in offshore oil and gas production activities, and improvement in underwater communications. In Europe, the diesel generator monitoring system market is expected to expand in countries such as the U.K., Germany, France, and Norway due to increased oil and gas drilling activities in the Johan Sverdrup field in the North Sea and improvement in offshore drilling activities.
Countries in Latin America such as Brazil and Mexico are anticipated to witness an increase in demand for diesel generator monitoring system due to rapid urbanization and rise in offshore oil and gas exploration and production activities in the Gulf of Mexico, as per the report. Demand for diesel generator monitoring system market in countries in Middle East & Africa is also likely to rise due to the increase in number of offshore oil and gas exploration and production activities. Moreover, Saudi Arabia, Kuwait, and Qatar have been rapidly drilling and producing oil and gas due to the increase in global demand for energy. The deepwater discoveries in Africa are anticipated to propel the demand for diesel generator monitoring system market. Some of the major market players operating in the diesel generator monitoring system market are profiled in this report and these include Zoho Corporation Pvt. Ltd, ABB Ltd, Honeywell International, Eaton Corporation, Cumins, General Electric, Siemens, and others.
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