Albany, NY -- (SBWire) -- 08/30/2018 --The growing power demand from commercial, domestic, and industrial sectors in developing economies, poor electrification rate in Sub-Saharan Africa, and recent natural calamities in North America are the major factors for growing sales of prime/stand-by power generators around the globe. Generators provide back-up power and classified into prime power and stand-by gensets. Generators runs on different types of fuels such as gasoline, diesel, natural gas, LPG, and others including bio-fuels. Most of the generators (up to 20 kVA) are small gensets and majorly used for back-up power requirements. These small gensets of power rating up to 20 kVA can be classified into stationary and portable generator type. Generators (up to 20 kVA) can be classified in to four power ratings such as 5 kVA, 5-10 kVA, 10-15 kVA, and 15-20 kVA. These gensets of different power ratings are used in residential, commercial, industrial, and telecom sectors according to the power requirements. These gensets in conjugation with main power supply provides back-up power during the time of power fluctuations by the help of self-start-up & shut-down functions.
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Most of the generators (Up to 20 kVA) available around the globe runs on variety of fuels which includes gasoline, diesel, natural gas, LPG, and other fuel types among which diesel fuel occupies the biggest market share of the generator (Up to 20 kVA). Most of the small gensets of power rating 5-10 kVA are based on gasoline as these do not provides high power output and used in small residential and commercial sectors. Gasoline is expensive to use in a long run, it produces low compression power, and also have safety and storage issues. Majority of the gasoline based generators are used in residential and commercial industry verticals as these segments have less power requirements as compared with industrial and telecom segments. On other hand diesel based gensets require low maintainace, and have lesser storage and safety constraints as compared with gasoline. Diesel based generators have high compression ratio and high power output which makes them suitable for high power ratings output gensets.
Natural gas based generators are cheaper in cost as compared to diesel gensets and runs on cheaper source of fuel. Cost of natural gas is much lower as compared to diesel and gasoline around the globe. It also produces less toxic gases when compared with gasoline and diesel fuel. Growing environmental regulations regarding emissions and noise would help natural gas gensets market in the forecasted period. Natural gas based gensets require high maintainace and continuous supply of natural gas which makes them expensive to use in a long term basis.
Generators (Up to 20 kVA) are small gensets which are used for back-up power requirements. These gensets are classified into portable and stationary gensets. Most of the gensets (up to 20 kVA) are of portable type attributed by their high flexibility in usage and transportation as compared with stationary gensets. Stationary gensets are generally high in power ratings (between 10-20 kVA) which requires special platforms and exhaust system during installation. Price of stationary gensets is much higher as compared with portable gensets. Growing natural gas pipeline infrastructure in developing economies and developed natural gas pipeline infrastructure in developed economies would also help to propel the market for natural gas based portable and stationary gensets around the globe during the forecasted period.
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Global Generator (Up to 20 kVA) Market: Competitive Outlook
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global Generator (Up to 20 kVA) market. Key players profiled in the report are Yamaha Motor Corporation, Cummins Inc., Kohler Co., Caterpillar Inc., Honda Siel Power Products Ltd., Mahindra Powerol, KOEL Green, and Generac Holdings. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
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Global Generator (Up to 20 kVA) Market: With a CAGR of 7.10% over 2017-2025, Market Value to Rise to US $3,341.4 Mn by 2025-End