Nov 20, 2019   SOURCE: BusinessWire

Global Residential Gas Generator Market 2019-2023 | Evolving Opportunities with Caterpillar and Cummins Inc. | Technavio

Technavio has been monitoring the global residential gas generator market since 2014 and the market is poised to grow by USD 782.79 million during 2019-2023 at a CAGR of more than 9% during the forecast period. Request Free Sample Pages

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Technavio has announced its latest market research report titled global residential gas generator market 2019-2023 (Graphic: Business Wire)

Technavio has announced its latest market research report titled global residential gas generator market 2019-2023 (Graphic: Business Wire)

Read the 116-page research report with TOC on "Residential Gas Generator Market Analysis Report by Type (Stationary and Portable), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023".

The market is driven by the growing popularity of gas generators. In addition, the emergence of Bluetooth-enabled portable gas generators is anticipated to further boost the growth of the residential gas generator market.

Gas generators run on clean fuel sources such as natural gas, CNG, and LPG. Natural gas not only minimizes GHG emissions but has become one of the most accessible fuels with the advent of advanced technologies such as smart drill feedback communication, horizontal drilling tools, and fracking. Gas generators are gaining prominence among consumers due to the plummeting cost of natural gas and improvements in gas generator design and production. Thus, the growing popularity of gas generators is expected to drive market growth during the forecast period.

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Major Five Residential Gas Generator Market Companies:

Briggs & Stratton Corporation

Briggs & Stratton Corporation is headquartered in the US and operates the business under various segments such as Engines and Products. The company offers 20kW Standby Generator and 20kW Fortress Standby Generator System.

Caterpillar

Caterpillar is headquartered in the US and offers products through the following business units: Construction industries, Energy and transportation, Resource industries, and Financial products. The company offers CAT GAS GENERATOR SETS.

Cummins Inc.

Cummins Inc. is headquartered in the US and operates under various business segments, namely Engine, Distribution, Components, Power systems, and Electrified Power. The company offers QuietConnect Series and a range of residential gas generators.

Generac Power Systems

Generac Power Systems is headquartered in the US and offers products through the following business segments: Domestic and International. The company offers POWERPACT 7.5KW HOME BACKUP GENERATOR and GUARDIAN 9KW HOME BACKUP GENERATOR.

Kohler Co.

Kohler Co. is headquartered in the US and offers products through the following business segments: Kitchen and Bath, Engines and Generators, Decorative Products, and Golf and Resort Destinations. The company offers Residential gas generators.

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Residential Gas Generator Type Outlook (Revenue, USD Million, 2019 - 2023)

  • Stationary
  • Portable

Residential Gas Generator Regional Outlook (Revenue, USD Million, 2019 - 2023)

  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Related Reports on Industrials include:

Portable Generator Market – Global Portable Generator Market by type (diesel and gas), end-user (residential, commercial, and industrial and infrastructure), and geography (the Americas, APAC, and EMEA).

Stationary Generator Market – Global Stationary Generator Market by product (diesel and gas), type (less than 300kW, 301kW to 800kW, and greater than 800kW), and geography (APAC, Europe, MEA, North America, and South America).

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