The global generator sales market is estimated to reach $22.4 billion by 2019, at a projected CAGR of 6.1% from 2014 to 2019, signifying substantial increase in the demand for gensets during the next five years.
Dallas, TX -- (SBWIRE) -- 03/31/2015 -- The report "Generator Sales Market by Type(Diesel and Gas), by Power Range (0-100,100-350,350-750KVA and above), by End User (Industrial, Commercial, Residential and Others) & by Region - Global Trends & Forecasts to 2019" defines and segments the global generator sales market with analysis and forecast for global revenue. This market is estimated to grow from $16.6 billion in 2014 to $22.4 billion by 2019, at a CAGR of 6.1% from 2014 to 2019.
Browse 73 market data tables and 56 figures spread through 182 pages and in-depth TOC on "Generator Sales Market - Global Trends & Forecasts to 2019"
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The global generator sales market is witnessing high growth on the account of increased power demand from developing economies, lack of grid stability, and support. Continuous rise in the demand for power with an upsurge in industrialization and urbanization have necessitated power backup for few applications that require uninterrupted power supply.
Consequent increase in the power demand has escalated concerns for generator demand globally. As of now, alternative technologies for power generation such as captive power plants and independent power producers have limited presence. Asia-Pacific can be an apt example where the power demand is going to double between 2010 and 2035.
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Furthermore, the North American, the Middle East & African regions are also key markets, where power rental business is creating huge prospects for the industry. Consequently, increasing power consumption from residential and commercial use has increased the need for generators in the market.
As a result, power generator service providers and equipment manufacturers are continuously trying to integrate their existing technologies, and develop new technologies extensively through R&D to decrease smoke emission, related risks, and associated costs. This market is dominated by a few global players and the rest is fragmented between regional players; new product development is becoming a key strategy for global power generator sales.
The major players of the generator sales market include Apr Energy Plc. (U.S.), Caterpillar Inc. (U.S.), Mitsubishi Heavy Industries Ltd. (U.S.), and Wacker Neuson S.E (Germany).
The report forecast revenue of the global generator sales market, which includes market size by power range, end-user, and region, such as Asia-Pacific, Europe, the Middle East & Africa, North America, and South America. Generator sales activities have also been analyzed on the basis of their type of applications.
The report also focuses on the market share analysis, value chain, Porters Five Force analysis, and market metrics such as drivers, restraints, and opportunities. This report also presents the competitive landscape and company profiles. In addition, 13 key market players have been profiled, which include major companies providing generator services and equipment manufacturing companies.
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