Asia-Pacific is the largest market, by size, and is estimated to grow at the highest rate due to high demand from China. Good economic growth rate of China has created a good demand for power generation equipment such as diesel and gas generators. In addition, new policy reforms in India to support the growth of industries have made the country a lucrative market for OEM manufacturers. This is also likely to create a huge demand for generators in the region.
Pune, India -- (SBWIRE) -- 08/08/2016 -- The report "Generator Sales Market by Type (Diesel And Gas), by Power Rating (Below 100 kVA, 100-350 kVA, 350-1000 kVA, Above 1000 Kva), by Application (Standby, Prime Or Continuous Power, Peak Shaving), by End User (Industrial, Commercial, and Residential), & by Region - Global Forecast to 2020", The generator sales market is expected to grow at a CAGR of 5.85% from 2015 to 2020. It is projected to reach USD 23.36 Billion by 2020 from an estimated value of USD 17.59 Billion in 2015.
Browse 94 market data Tables and 57 Figures spread through 164 Pages and in-depth TOC on "Generator Sales Market Global Forecast to 2020"
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Large amount of investments are planned for the growth of industries, real estate, datacenters, telecom & IT, and power generation plants in all the regions.. This will lead to an increase in demand for uninterrupted and reliable power sources. The rise in demand for reliable power source will boost the market for generator sales, which is estimated to grow at a CAGR of 5.85% from 2015 to 2020
Rise in real estate and Telecom & IT sector will drive the generator sales market for power rating of 350-1000 kVA
The 350-1000 kVA power ratings generator is expected to lead the market due to rising demand from real estate, telecom & IT, and commercial sector markets. Houses and commercial establishments usually do not have high power consuming equipment, such as industries. Hence, the demand for 350-1000 kVA power rating generators is expected to be higher as compared to other power ratings generators.
Industrial generator to capture major share of the generator sales market
Industries require continuous supply of power to maintain the flow of process. Power outages and voltage drops not only affect the pace of the process, but also lead to malfunctioning of equipment, leading to monetary and operation loss. Hence, multiple generators of different power ratings are used in such industries to support specific equipment.
Asia-Pacific to dominate the global generator sales market
Rapid industrialization in China, India, and other developing countries, and switching to cleaner power sources for utility & backup power is expected to drive the market for diesel as well as gas generators in the region.
The report covers major market players such as Caterpillar Inc. (U.S.), Himoinsa S.L. (Spain), Mitsubishi Heavy Industries, Ltd. (France), MTU Onsite Energy (Germany), and Kohler Co. (U.S.) along with other prominent manufacturers of power generators.
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