Future Market Insights has announced the addition of the “Digital Breast Tomosynthesis (DBT) Equipment Market: Global Gasoline Generator Market to Record an CAGR of 3.7% for the period 2017- 2027" report to their offering.
New York, NY -- (SBWIRE) -- 11/21/2017 -- The 1 to 3 KW segment is poised to dominate the gasoline generator market in terms of power output throughout the duration of the forecast period. The 1 to 3 KW generators are on track to be worth more than US$ 520 million by end 2027, making it larger than all other generators combined in the gasoline generator market. 1 to 3 KW generators are mainly utilized in the commercial and residential sector. A rising population coupled with greater affluence and increased power outages should boost the demand for these generators.
The standby backup power segment is far more critical than continuous power in the gasoline generator market. Standby backup power has a market attractiveness index of 5.0 and this is estimated to continue for the foreseeable future. Global grids are unable to keep up with the surging demand for power leading to frequent cases of rolling blackouts, especially in emerging economies. Furthermore, new backup power generators loaded with features such as wireless monitors and remote monitoring systems are entering the gasoline generator market, encouraging adoption.
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Companies have to optimise their value chain to enhance and strengthen their presence in the global gasoline generator market. Innovation is critical as the gasoline generator market is brutally competitive with smaller players struggling to make their mark. Noise and weight reduction in portable gasoline generators can be a game-changer along with developing products that are cost-effective. All these factors will further the penetration of gasoline generators in the residential sector of the gasoline generator market.
The global gasoline generator market accounted for almost 4% of the global generator market in 2016 making its study critical. Future Market Insights in its recent report 'Gasoline Generator Market: Global Industry Analysis 2012– 2016 and Opportunity Assessment 2017–2027' has done exactly that and the prospects for key stakeholders in the global gasoline generator market seem bright indeed. The gasoline generator market is anticipated to record a CAGR of 3.7% for the period 2017- 2027 and approach a billion dollars in value by the end of the forecast period.
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The global gasoline generator market is essentially the portable generator market as the latter has a market share of more than 97%. Portable generators will nonetheless gain 30 BPS by 2027 and it would not be surprising if major players decided to overlook stationary generators entirely. More than 610,000 portable generator units were sold in 2016 alone as portable generators are perfect for a number of end users in the commercial, industrial, and residential sectors.
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