LeapZipBlog: Steve Blade's blog: Generator Market: Revenues from Stationary Generators will Remain Large

Generator Market: Revenues from Stationary Generators will Remain Large

July 12, 2019 by Steve Blade  

Globally, generators are benefitting with escalating concerns regarding energy security, which in turn has led prospective generator end-users seek ways for operating more efficiently and safely. In emerging nations worldwide, regular power outages have hindered smooth business operations, and implementation of generators has become the key for these entities for functioning throughout a power outage. This has further enabled businesses to save on operating costs and energy. Additionally, surging voltage fluctuations & power cuts have been adversely affecting operations of industries, which in turn has prompted adoption of the reliable power backup equipment.

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For boosting their sales and acquire a competitive edge, manufacturers of generators are leveraging this requirement of industries for reducing their operations downtime because of power outage. One of the most significant challenges hindering the market expansion is mounting regulations on use of diesel generators. With growing emphasis on green technologies and reduction of GHG emissions, diesel-powered generators may witness a decline in demand. Focus on using renewable energy resources such as wind and solar energy will further create barriers to adoption of generators in the near future.

Considering the broad-scope of the global generator market, the report offers in-depth insights on the forecast and segment-wise analysis. The generator market has been segmented on the basis of capacity, application, end use, fuel type, and region. This sections offers segmentation analysis,
along with a detailed country-wise forecast on all the parameters.

A new report by Fact.MR has slated that the generator market will ride on an average 4.5% CAGR, in terms of volume, during the forecast period (2017-2026). In terms of value, sales of generator across the globe are poised to reach approximately US$ 39,000 Mn in revenues by 2026-end.

There has been a substantially high demand for generators in North America for use in commercial establishments and industries, for reducing operation downtimes and increasing productivity. In addition, robust economic vigour of the region further facilitates the commercial, industrial and residential sector in adoption of this expensive equipment. North America will continue to dominate the global generator market, in terms of revenues. Asia-Pacific excluding Japan will remain fastest expanding market for generator, in terms of value.

 Key Takeaways from Fact.MR’s Report on Generator Market for Forecast Period 2017-2026 (In Terms of Value)

  • Europe and APEJ will account for nearly equal revenue shares of the market by 2026-end.  Although revenues from the market in Europe remained significantly higher in 2017, demand is likely to witness a decline over the forecast period. Meanwhile demand for generators will gain a considerable surge in APEJ during 2017 to 2026.
  • On the basis of fuel type, generators run on diesel will witness substantial demand worldwide, accounting for the largest market revenue share during the forecast period. A steady expansion has been projected for sales of generators run on diesel through 2026. Sales of generators run on gas will witness an average expansion, to account for nearly one-third market revenue share by 2026-end.
  • Based on end use, revenues from generator sales will remain the largest in the industrial segment. Commercial and residential end use of generators will account for roughly equal revenue share of the market by 2026-end. Sales of generators in the residential segment will reflect the fastest growth through 2026.
  • In terms of application, revenues from stationary generators will remain slightly larger than those from their portable counterparts. However, sales of portable generators will ride on a relatively higher CAGR than that of stationary generators through 2026.

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Key market players identified by Fact.MR’s report include Yamaha Motor Corporation, SDMO, Mitsubishi Heavy Industries Ltd., Kubota Corporation, Kirloskar Oil Engines Limited, General Electric Corporation, Doosan Corporation, Cooper Corporation, and AKSA Power Generation.

About Fact.MR

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