Why are backup generators in high demand?
Over the past years there has been a significant increase in the demand for back-up power solutions and this is due to increase a further 20-25% over the summer. This is mainly down to the fact that the majority of industries and homes nowadays simply cannot afford to go without power. For example a blackout of just a mere 20 seconds in enough to make a cash register, gas pump, or anything that is without an interruptible power supply to come to a halt and require a complete reboot in order to start working again. Not only does this take time but it also costs businesses money. Therefore a viable solution is to have a back-up power system to start working as soon as the main power cuts out. In some situations having power can be a life or death situation (such as hospitals, care homes, prisons, etc.) Having a back-up power supply also means that you can save money due to the fact operations will not need to be suspended as this can be costly for businesses in terms of lost production and pay for idled employees.
But why choose Diesel?
Diesel is used widely in industrial application due to its reliability and low fuel consumption. It is a safer fuel to operate than gasoline as it is less flammable. The price of gas generator can also be up to 3-4 times more expensive than a diesel one of the same specification. Diesel units also seldom require more than the usual routine maintenance due to their simple design, offering years of dependable service.
It is estimated that the Global Diesel Generator market will grow from $14.7 billion in 2016 to $17.6 billion in 2020, this is a compound growth rate of 4.5% (according to the Global Data research). In fact 22% of the grids short terms operating reserve (STOR) is already met by the diesel generation. This means that investing in diesel products is extremely cost effective not only in the short term solutions but for the long haul.
The rise of Diesel demand in developing countries
Many countries worldwide still lack adequate grid infrastructure and not every country is rich in natural gas reserves. This means that the price will inevitably increase due to the absence of domestic pipelines. This will in turn mean that coal prices will also increase, meaning that diesel back-up solutions could play an important part in meeting electricity needs of communities and industries worldwide.
Industrialisation and increasing GDP fuel and electricity requirements in many developing countries worldwide. This means that governments are struggling to meet the capacity needs of their societies. Diesel generators could be a solution to this as they are cheaper to run, maintain, and manufacture. They are also a reliable and versatile method of providing power solutions.