Generators are backup devices designed to provide temporary AC or DC power using the supplied fuel (gasoline, diesel, or gas). 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. Portable generators are the best solutions to provide AC power for standby, non-hardwired applications. Low-end models support only a few basic home appliances. However, there are high-end portable generators that can provide backup AC power to an entire house. Apart from residential use, portable generators are widely used in commercial buildings and industrial and infrastructure sites. In short, they can be utilized wherever a grid is unavailable.
Technavio's analysts forecast the global stationary gas generator market to grow at a CAGR of 8.1% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global stationary gas generator market for 2015-2019. The market can be segmented into three divisions on the basis of product range: less than 60 kW, 61-1,000 kW, and above 1,000 kW stationary gas generators. In addition, the report includes the segmentation of the global stationary gas generator market on the basis of geography.
Technavio's report, Global Stationary Gas Generator Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Stationary Gas Generator Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Stationary Gas Generator Market: Briggs & Stratton, Caterpillar, Cummins Power Systems, Generac Power Systems and Kohler
Other Prominent Vendors in the market are: Mitsubishi Heavy Industries, Perkins, and Pramac.
Commenting on the report, an analyst from Technavio’s team said: “The EU imposes the most stringent emission regulations on generators. This has led to a decline in the diesel generator market in Europe. The diesel portable generator market is facing competition from gas generators, fuel cells, and biofuel-based equipment.”
According to the report, the industrial sector is a major end-user of stationary gas generators. Many industrial units, factories, plants, and manufacturing facilities use stationary gas generators. Continuous disruptions in electricity supply have forced industrial users to install high power rated stationary gas generators for uninterrupted electricity supply. Owing to the huge dip in natural gas prices, industrial users have shifted their focus to stationary gas generators. These gas generators help industrial users comply with emission standards.
Further, the report states that one of the challenges hindering the market growth is many end-users of generators, including the residential segment, are looking at alternative forms of energy rather than depending only on generators.
Briggs & Stratton, Caterpillar, Cummins Power Systems, Generac Power Systems, Kohler, Mitsubishi Heavy Industries, Perkins, Pramac.
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