Sarasota, FL -- (SBWIRE) -- 04/11/2017 -- Zion Market Research, the market research group announced the analysis report titled "Generator Sales Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Generator Sales Market: Overview

A generator is a device which converts from mechanical energy to electrical energy for the purpose of using it in an external circuit. This is done by an electric motor. It is a very useful device in electricity generation. The different types of mechanical energy include internal combustion engines, hand cranks, gas turbines, water turbines, and steam turbines. These can be converted into electrical energy through generators.

Generator Sales Market: Segmentation

The global generator sales market is segmented into its product type, power rating, end-user and geography. On the basis of product type, the market is divided into gas, diesel and other types of generators such as dual fuel, bi-fuel, and alternative fuel gensets. Based on power rating, the market is segregated into above 1,000 kVA, 351–1,000 kVA, 100–350 kVA and below 100 kVA. On the basis of end-user, the market is classified into industrial, commercial and residential users. Diversification of the market on the basis of region is seen into North America, Latin America, Asia-Pacific, Europe and Middle East and Africa.

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Generator Sales Market: Growth Factors

The generator sales market is a growing market owing to factors such as amendment of norms and issuing of favorable regulations and policies regarding gas and diesel generators, increasing awareness about environment, burgeoning urbanization in developing countries and growing demand for IT facilities and data centers. Opportunities arising from introduction of inverter and bi-fuel generators and electrification of remote and rural areas in developing countries are further likely to boost the sales in the market. However there are certain restraining factors to the market growth which include limited capacity of power generation, rise in transmission and distribution expenditure and high operating and maintenance cost. Also the key players in the market are affected by rise in captive power plants, strict government regulations and improving energy storage systems which may act as a hindrance to the market growth.

Generator Sales Market: Regional Analysis

There is a significant demand in the generator sales worldwide. This growth is especially seen in North America. Countries such as the U.S. and Canada are the major contributors in this region. Following North America in its growth is Asia Pacific and Latin America. This growth can be attributed to the rapid urbanization in these regions and shift towards cleaner sources of energy for backup and utility uses. Countries such as Brazil, Mexico, Peru, Chile, China, Japan, Australia, New Zealand and India have shown a rapid development in the market growth. Other regions providing a significant share are Europe and Middle East and Africa. The growth in these regions is concentrated in countries such as Germany, the U.K., Spain, France, Belgium, Italy, Luxembourg, Netherlands, Russia, Poland, South Africa and North Africa.

Generator Sales Market: Competitive Players

Some of the major companies in the generator sales market include Caterpillar Inc., MTU Onsite Energy, Kohler Co., Generac Holdings Inc., Mitsubishi Heavy Industries Ltd., Cummins and Himoinsa S.L.

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Generator Sales Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

What Reports Provides

Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market

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