Stationary Generator Market in Europe 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 stationary generator market in Europe to grow at a CAGR of 4.9% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the stationary generator market in Europe during the period 2015-2019. 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 – Stationary Generator Market in Europe 2015-2019
Technavio recognizes the following companies as the key players in the Stationary Generator Market in Europe: Aggreko, Caterpillar and Cummins Power Systems
Other Prominent Vendors in the market are: Briggs and Stratton, Bruno Generators, Cipriani, Dale Power Solutions, Generac, Green Power Generators, Hitzinger, Just Generators, SDMO, Stephill Generators, and Tecnogen.
Commenting on the report, an analyst from Technavio’s team said: “Industrial end-users are often resorting to the adoption of rental services when it comes to large diesel generators instead of owning one. This is more evident in industries where the total cost of ownership is an important aspect of the total revenue earned. The market that handles these rental services is known as the power rental market. Revenue earned is evaluated in terms of revenue earned either by renting power backup equipment or from a temporary power plant.”
According to the report, the increased need for auxiliary power sources because of frequent power outages caused by natural disasters is expected to be one of the major drivers of the growth of the market during the forecast period.
Further, the report states that the market is strongly challenged by the weak recovery of the industrial growth in the region. The manufacturing sector in the Eurozone grew by a meager 2% from 2014 to 2015. It is expected that most of the European countries will witness growth ranging between 4% and 7% in the industrial sector during the forecast period.
Aggreko, Caterpillar, Cummins Power Systems, Briggs and Stratton, Bruno Generators, Cipriani, Dale Power Solutions, Generac, Green Power Generators, Hitzinger, Just Generators, SDMO, Stephill Generators, Tecnogen.
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