Global Electric Generators Market 2020-2024
Technavio has been monitoring the electric generators market and it is poised to grow by $ 7464.63 mn during 2020-2024 progressing at a CAGR of 6% during the forecast period. Our reports on electric generators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for uninterrupted power supply among end-users, rapid growth in urbanization, and rising demand for electric generators in commercial sectors. In addition, increasing demand for uninterrupted power supply among end-users is anticipated to boost the growth of the market as well.
The electric generators market analysis includes type segment and geographic landscapes
Technavio's electric generators market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the focus on technological advances as one of the prime reasons driving the electric generators market growth during the next few years. Also, growing preference for gas as fuel source, and increasing investments in smart grids and hybrid generators will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our electric generators market covers the following areas:
- Electric generators market sizing
- Electric generators market forecast
- Electric generators market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric generators market vendors that include ABB Ltd., Briggs & Stratton Corp., Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Greaves Cotton Ltd., Honda Motor Co. Ltd., Multiquip Inc., Siemens AG, and Wacker Neuson SE. Also, the electric generators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.