Global Industrial Gas Generator Market 2015-2019
Generators are devices that convert mechanical energy into electric energy. The source of mechanical energy can vary from Generators are backup devices designed to provide temporary AC or DC power. They can be used as a source of backup or emergency power for residential, commercial, and industrial applications. A typical generator is powered by a fuel engine. Generators convert mechanical energy into electric energy. The source of mechanical energy can vary from internal combustion engine, hand crank, compressed air, and reciprocating steam engine. An internal combustion engine uses diesel, gasoline, propane gas, and natural gas to produce mechanical energy and this mechanical energy is converted into electric energy with the help of generators.
Technavio’s analysts forecast the global industrial gas generator market to grow at a CAGR of 7.6% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global industrial gas generator market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of industrial gas generators.
The market has been segmented based on:
Technavio Announces the Publication of its Research Report – Global Industrial Gas Generator Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Industrial Gas Generator Market: Caterpillar, Cummins, Generac and Kohler
Other Prominent Vendors in the market are: Aggreko, APR Energy, F.G. Wilson, Himoinsa, Multiquip, MTU Onsite Energy, and Perkins.
Commenting on the report, an analyst from Technavio’s team said: “Users will be able to monitor conventional generator set parameters such as oil pressure, the temperature of the engine, battery voltage, output power, fuel levels, and runtime and rpm of the engine.”
According to the report, repeated power outages caused by destructive natural events or faults in electric networks increase the need for supplementary power sources. Several industrial consumers are increasingly relying on standby generators as their auxiliary power source because of increased frequency of power outages. Power outages have become more recurrent worldwide because of earthquakes, storms, and floods. Power grid instability disrupts continuous power supply.
Further, the report states that many international vendors in the market are striving to compete with low-cost regional vendors in developing countries. The vendors in the global industrial gas generator market are facing a price war, which is one of the major challenges.
Caterpillar, Cummins, Generac, Kohler, Aggreko, APR Energy, F.G. Wilson, Himoinsa, Multiquip, MTU Onsite Energy, Perkins.