openPR Logo
Press release

Generator Industry Outlook, Growth Prospects and Key Opportunities 2024

09-12-2017 12:55 PM CET | Energy & Environment

Press release from: Transparency Market Research-Energy & Mining

Generator Industry Outlook, Growth Prospects and Key

The global generator market is highly fragmented due to the presence of numerous global and regional players. Transparency Market Research (TMR) has found that these players are witnessing intense competition, which has led them to involve in various strategic partnerships resulting in increased number of mergers and acquisitions. Due to stringent regulations regarding Co2 emissions, these players are focusing on product innovations to increase the efficiency of generators. Players such as Briggs & Stratton Corporation, Mitsubishi Heavy Industries Ltd., Kohler Co., Generac Holdings Inc., Caterpillar Inc., and Cummins Inc., have emerged as a few the prominent players in the overall market for generators.

Browse Market Research Report: http://www.transparencymarketresearch.com/generator-market.html

Transparency Market Research in a report has estimated that the global generator market was worth US$16.61 bn in 2015. Expanding at a steady CAGR of 4.58% over the forecast period 2016-2024, this market is anticipated to reach the market value US$24.76 bn by the end of 2024.

Based on application, the prime continuous power segment emerged dominant in the global market, holding a share of nearly 48.91% in 2015. Due to the increasing investment from enterprises, this segment is most likely to hold its leading position over the forecast period. Geographically, North America has accounted for the maximum share in the global market and expected to contribute US$7.43 bn to the market by the end of 2024. Furthermore, Asia Pacific is anticipated to grow with a significant pace during the forecast period.

Get TOC Of This Report @ http://www.transparencymarketresearch.com/report-toc/12866

Increasing Demand for Power from Emergency Facilities to Boost the Market

Rapid industrialization and increasing population witnessed around the world has led to the insatiable demand for electricity. The global demand for electricity is more than the supply derived from the cumulative efforts of all the resources. To fill this gap, the demand for efficient generators has escalated. For various sectors such as industrial, commercial, and residential, generators have become preferred equipment for back up source of electricity. Prime continuous power and peak shaving power are the facilities provided by generators that make them more desirable option by the consumers. As emergency facilities such as emergency call centers, communication services, and hospitals need an uninterrupted power supply for providing their services, they have been demanding advanced generators to act as a secondary power source. Furthermore, development in the industries such as marine, chemicals, oil & gas, and mining is expected to propel the market growth throughout the forecast period.

Stringent Regulations Pertained to Emissions Motivate Manufacturers to Implement Innovations

The emission and fuel efficiency issues pertained to functioning of generators may act as a restraint for the growth of the market. Players are facing stringent regulations regarding the carbon emissions. Furthermore, high maintaining costs and volatile operating of generators are among the key hurdles manufacturers are needed to overcome. Due to technological advancements, consumers are offered generators with greater efficiency and wireless connectivity. Nevertheless, rise in demand for natural gas generator sets is anticipated to help the market sustain its growth. Factors such as increasing per capita electric power consumption and rapid industrialization in the developing economies such as Thailand, South Korea, China, and India are driving the growth of the market in Asia Pacific, further fueling the global market for generators.

Get accurate market forecast and analysis on the Generator market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12866

This information is taken from the report, “Generator Market (Fuel Type - Diesel Generator Sets, Natural Gas Generator Sets, and Fuels Generator Sets; Power Rating - Below 100 kVA, 100-350 kVA, 350-1000 kVA, and Above 1000 kVA; Application - Standby Backup Power, Prime Continuous Power, and Peak Shaving Power; End User - Residential, Commercial, and Industrial) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024.”

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Generator Industry Outlook, Growth Prospects and Key Opportunities 2024 here

News-ID: 711243 • Views: 285

More Releases from Transparency Market Research-Energy & Mining

Dynamic Voltage Restorer Market - Financial Status over Forecast Period 2014-202 …
Global Dynamic Voltage Restorer Market: Overview With the ever-increasing demand for power, industries are increasingly deploying systems that ensure uninterrupted generation, transmission, and distribution of power to minimize their losses in terms of revenue, resources, and productivity. This is positively influencing the growth of the global dynamic voltage restorer market. Dynamic voltage restorers are principally accountable for offering reliable and cost effective protection against power fluctuations. They allow consumers to isolate
Gas to Liquids (GTL) Market - Get Facts About Business Strategies 2016-2024
Global Gas to Liquids Market: Overview Gas-to-liquids (GTL) involves converting natural gas into high-quality liquid fuels, which are traditionally obtained from crude oil. At present, the ever-increasing demand for energy and the growing world population has necessitated the development of alternate energy sources to ease the burden on conventional sources. With the rising environmental considerations of conventional sources of energy, clean sources of energy are needed for reduced carbon footprint.
Landfill Gas Market - Research report 2014 : 2020
Global Landfill Gas Market: Overview Landfill gas (LFG) can be utilized for energy generation and to reduce methane emissions in the atmosphere to translate into positive outcomes for local communities. Landfill gas is obtained as a natural byproduct of microbial decomposition of organic matter in landfills. Landfill gas consists almost 50% methane, 50% percent carbon dioxide and a small percentage of complex organic compounds and other compounds. Landfill gas is utilizable for
Copper Indium Gallium Selenide (CIGS) Solar Cells Market - Global Industry Analy …
CIGS (Copper indium gallium selenide) is a semiconductor with direct bandgap which is used for solar cells manufacturing. The absorber of CIGS is placed on a glass or plastic backing, together with electrodes on back and front for current collection. Since the material powerfully absorbs sunlight and has a higher absorption coefficient, comparatively as compared to other semiconductor material, a thin film is required. The devices which are prepared with

All 5 Releases