Residential Generators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Electric generator transforms mechanical energy to electricity in order to transmit and distribute power lines to commercial, domestic and industrial customers. Generators used to supply electric power networks produce AC (alternating current). Speed and construction of the generator varies on the basis of characteristic of the mechanical prime mover. Generators can also produce the electrical power needed for aircraft, trains, automobiles and ships. Generator has two main parts namely rotor and stator. Rotor is rotating part whereas stator is a stationary part of generator. The mechanical power needed for an electric generator can be generated from a rotating shaft. It can be generated from various sources such as hydraulic turbines at waterfalls or dams, steam turbines that uses fossil fuels, gas turbines, diesel, and gasoline engines.

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Different types of electric generators are dynamo, alternator, homopolar generator, induction generator, MHD generator and other rotating electromagnetic generators. As numbers of generators are connected to power network, they should work at the same frequency for concurrent generation. These are known as synchronous generators or alternators. A portable generator is a diesel or gas powered machine which offers temporary electrical power. It is designed to be a temporary electrical generator. Its engine turns a small turbine and generates usable electricity up to a particular level of wattage. Several construction teams employ a portable generator to power lights and tools at a remote site. However, portable generators are considered as a dangerous alternative to stationary generators as they offer harmful effects of the exhaust fumes from portable generators.

There is an increasing shift towards eco-friendly generator due to the rising awareness among consumers. Next-generation generator is one of the emerging trends in the residential generators market. Smart generators are incorporated with additional features in order to monitor through internet. These smart generators offers several features including clean power output, longer running times, fuel efficiency, and quiet operation in a portable package.

Automatic home standby generator used for residential applications monitors the utility power coming in home. Generator turns itself on and offers power to pre-specified areas of house when there is electricity outage. When the utility power is restored, the generator switches back house to utility power by turning itself off. Home standby generator system consists of an automatic transfer switch and generator. This automatic transfer switch switches power between generator and utility during a power outage and decides when to turn on the generator.

There is an increasing need for electricity among residential consumer due to rising dependence on electrical and electronic products including heating equipment, air conditioners and refrigerators. Different players in residential generators market are in the process of developing advanced generators with improved functionalities and features to sustain in the highly competitive industry. Some of the major players in residential generators market include Generac Holdings Inc., Eaton Corp., Kohler Company, Pramac S.p.A., Multiquip Inc., Champion Power Equipment, Inc., Generac Power Systems, FK Generators and Equipment Ltd., Yamaha Motor Corp., Honda Motor Co. Ltd., Cummins Inc., TECO-Westinghouse Motor Company, Mi-T-M Corp., Briggs and Stratton Corp., and Techtronic Industries Co. Ltd. among others.

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