TechNavio recognizes the following companies as the key players in the Global Residential Generator Market: Baldor Electric Company Inc., Briggs and Stratton Corp., Caterpillar Inc., Cummins Inc., and Eaton Corp.
Commenting on the report, an analyst from TechNavio’s Engineering team said: “Several market vendors are in the process of developing advanced generators with increased features and functionalities in order to sustain themselves in the competitive business environment. For instance, a few vendors are developing generators with comprehensive control and monitoring systems, which can improve the overall efficiency of generators. In addition, next-generation generators are considered to play an indirect role in complying with eco-friendly norms since they have built-in electronic governors and automatic voltage regulators. These technologies help in the automatic control of the speed of generator engines, thereby making the generators highly energy-efficient. Moreover, smart generators are incorporated with additional features by which they can be monitored via the internet. Therefore, the emergence of next-generation generators is one of the recent trends in the market which is expected to have a positive influence on the growth of the market.”
According to the report, one of the main drivers in this market is the growing dependence on electronic goods. During the last two decades, there has been a growing need for electricity among residential users since there is an increasing dependence on electronic and electrical products such as refrigerators, heating equipment, and air conditioners.
Further, the report states that a major challenge in the market is the requirement to comply with stringent emission regulations. The market vendors need to comply with the emission regulations and norms formulated by various governments for the manufacture of generators.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Generac Holdings Inc., General Electric Co., Honda Motor Co. Ltd., Kohler Co., Scott’s Emergency Lighting and Power Generation Inc., and Winco Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-residential-generator-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Residential Generator Market 2012-2016
