The UK Genset market
up to 750 kVA comprises petrol, diesel and gas generating sets and
was estimated to be worth some £160 million in 2008, but reducing
down to £147m in 2009. While the UK market for gensets has
experienced modest growth during the past two years, the genset
export sector has achieved high levels of growth reflecting the UK
Genset supply industry’s continuing penetration of overseas
markets.
In 2008, the value of
total production of generators, up to 750 kVA in the UK, is
estimated to be in excess of £1 billion, illustrating the
substantial nature of the UK genset export trade, which also tends
to strengthen the UK genset industry.
Key factors
underpinning market growth include underlying growth in
electricity consumption, and the trend to clean, secure power,
also emergency power and disaster recovery, while forecast
long-term shortages of power are also likely to represent
significant motivating factors.
Current forecasts
indicate that the UK genset market up to750 kVA is likely to
continue to grow through to 2013, reaching a value of around £159
million.
Furthermore, the value
of UK production of generators up to 750kVA is considerably
higher, estimated to be in excess £1.2 billion in 2013, reflecting
the continuing high level of exports to overseas countries.
Key Application areas
include industrial (36%), construction (22%), oil, gas and marine
(19%), water and sewage, also domestic and leisure.
While the overall
genset market has been adversely impacted by the global financial
crisis and downturn in construction 2008-09, it is likely that low
level recovery in the long term will provide some opportunities
for manufacturers.
The UK genset industry
is likely to be motivated by the development of the export trade,
with niche sector growth opportunities including utility and
infrastructure power for emerging countries, mobile
telecommunications networks, and significant demand in the global
power generation and oil and gas sectors.
Forecast long term
shortages in electricity supply are likely to provide additional
opportunities for independent power producers, who may also
develop co-generation projects including heating and power, also
heating, cooling and power.
