Residential Stationary Generator Market in the US 2015-2019
Generators are devices that convert mechanical energy into electric energy. The source of mechanical energy can be internal combustion engine, hand crank, compressed air, or reciprocating steam engine. 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 generator assembly. 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 via a fuel engine. Based on portability, a generator can be segmented into portable and standby.
Technavio’s analysts forecast the residential stationary generator market in the US to grow at a CAGR of 4.8% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the residential stationary generator market in the US during the period 2015-019. For ascertaining the market size and vendor share, the report considers the revenue generated from the sales of stationary generators.
The market has been segmented based on:
Technavio Announces the Publication of its Research Report – Residential Stationary Generator Market in US 2015-2019
Technavio recognizes the following companies as the key players in the Residential Stationary Generator Market in US: Briggs & Stratton, Caterpillar, Cummins, Generac and Kohler
Other Prominent Vendors in the market are: Indeck Power Equipment, MTU Onsite Energy, Multiquip, Perkins, and Stewart & Stevenson Power Products.
Commenting on the report, an analyst from Technavio’s team said: “Diesel generators produce more noise than gas generators and are not recommended for residential applications. Thus, many people have started adopting gas generators. This has led to an upsurge in the production of gas-powered generators, mostly due to gas extraction technologies such as drilling and fracking. Instead of investing in diesel generators, residential end-users are slowly preferring this type of generator as it frees them from the hassle of filling a generator with fuel periodically during a power outage.”
According to the report, the growing need for auxiliary power sources because of frequent power outages caused by natural disasters is expected to be one of the major drivers for the growth of the market during the forecast period. Residential consumers are increasingly relying on standby generators as their auxiliary power source because of increased frequency of power outages.
Further, the report states that increased adoption of portable generators among residential users hinders the market growth.
Briggs & Stratton, Caterpillar, Cummins, Generac, Kohler, Indeck Power Equipment, MTU Onsite Energy, Multiquip, Perkins, Stewart & Stevenson Power Products.
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