About LMC Gas Generator
Generators convert mechanical energy into electrical energy. The source of mechanical energy varies, from an internal combustion engine, a hand crank to compressed air and a reciprocating steam engine. An internal combustion engine uses either diesel, gasoline, propane gas, or natural gas to produce mechanical energy, which is transformed into electrical energy with the help of a generator assembly. Generators are designed to provide temporary AC or DC power. They serve as a source of backup or emergency power for residential, commercial, and industrial applications. A fuel engine powers a typical generator.
Technavio’s analysts forecast the global low and medium capacity gas generator market to grow at a CAGR of 8.5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global low and medium capacity gas generator market for 2016-2020 with a detailed segmentation analysis of the market on kW rating, end-users, and geographical regions.
The market is divided into the following segments based on end-user:
Technavio Announces the Publication of its Research Report – Global LMC Gas Generator Market 2016-2020
Technavio recognizes the following companies as the key players in the Global LMC Gas Generator Market: Caterpillar, Cummins, Generac Holdings and Kohler.
Other Prominent Vendors in the market are: APR Energy, F.G. Wilson, Himoinsa, Mitsubishi Heavy Industries, MTU Onsite Energy, Multiquip, Perkins, and Pramac.
Commenting on the report, an analyst from Technavio’s team said: “Small-sized generators, that use natural gas as the fuel source, are quite affordable. However, when it comes to generators with higher capacities (above 30 kW), diesel generators are economical. End-users owning diesel generators have been trying to find a cheaper alternative fuel that can run the generator, thus saving them the expense of buying a new one.”
According to the report, the construction industry is a major end-user of generators. The operation of the requisite construction equipment and tools in the industry necessitates a continuous access to electricity, which is not readily available in many places where construction takes place. Therefore, the industry relies heavily on backup power generators for powering tools and equipment.
Further, the report states that countries across the globe are moving toward renewable energy sources such as the wind and solar to meet their carbon emission goals and reduce their dependence on fossil fuels. Many end-users, including the residential segment, have started adopting alternative forms of energy rather than depending on power generators.
Caterpillar, Cummins, Generac Holdings, Kohler, APR Energy, F.G. Wilson, Himoinsa, Mitsubishi Heavy Industries, MTU Onsite Energy, Multiquip, Perkins, Pramac.