Feb 22, 2018   SOURCE: PR NewsWire

$20 Bn Generator Sales Market - Global Forecast to 2023

DUBLIN, Feb. 22, 2018 /PRNewswire/ --

The "Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous Power), Power Rating (<100 kVA, 100-350 kVA, 350-1,000 kVA, >1,000 kVA), End-User (Residential, Commercial, Industrial) & Region - Global forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The generator sales market is estimated to be USD 20.93 Billion in 2018 and is projected to grow at a CAGR of 5.41%, during the forecast period, to reach a market size of USD 27.24 Billion by 2023.

The growth of the generator sales market can be attributed to the increasing demand for uninterrupted and reliable power from a wide range of end-users such as the residential, IT/Telecom, healthcare, utility and power generation, marine, chemicals, oil & gas, mining, and construction sectors.

The report segments the generator sales market on the basis of fuel type into diesel, gas, and other fuel generators. Diesel generator sets are widely used in the manufacturing, healthcare, oil & gas, marine, and IT/telecom sectors due to the easy availability of fuel, ease of storage, ease of transportation, spare parts, and quick response to load changes.

These factors are expected to lead to the diesel generator segment being the largest during the forecast period. However, to reduce emissions, developed countries such as the US, Canada, the UK, Germany, France, the Netherlands, and Japan are rapidly adopting natural gas-based power generation technologies due to which the gas generators sales market is expected to grow at a faster pace during the forecast period.

Some of the major players in the generator sales market are Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the generator sales market.

Market Dynamics

Drivers

    --  Growing Demand for Uninterrupted and Reliable Power Supply as Some of
        Best Power Grids are Also Subject to Downtimes
    --  Growth of Healthcare Infrastructure
    --  Rising Demand for IT Infrastructure Management
    --  Rapid Urbanization in Developing Countries

Restraints

    --  Increasing Adoption of Energy Storage Technologies
    --  Significant Investment to Modernize/Upgrade Existing T&D Infrastructure

Opportunities

    --  Hybrid Generators, Bi-Fuel, and Invertor Generators
    --  Demand From Emerging Economies

Challenges

    --  High Life Cycle Cost of Internal Combustion Engines
    --  Stringent Emission and Noise Control Norms

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Generator Sales Market, By Fuel Type

7 Generator Sales Market, By Power Rating

8 Generator Sales Market, By Application

9 Generator Sales Market, By End-User

10 Generator Sales Market, By Region

11 Competitive Landscape

12 Company Profiles

    --  Briggs & Stratton
    --  Caterpillar
    --  Cummins
    --  Generac
    --  Kohler
    --  MQ Power
    --  Mitsubishi Heavy Industries
    --  Rolls-Royce. (MTU Onsite Energy)
    --  Sterling & Wilson.
    --  Wacker Neuson
    --  Wartsila
    --  Weichai Group.
    --  Yanmar

For more information about this report visit https://www.researchandmarkets.com/research/3gccfp/20_bn_generator?w=5

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SOURCE Research and Markets