This industry research report presents a comprehensive breakdown of the global industrial gas generator market and segmentation by output power capacity (less than 300 kW, 301 kW to 1 MW, and 1 MW and above) and by geography (the Americas, EMEA, and APAC). The report further covers the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market, which include Caterpillar, Cummins, Generac, and Kohler.
Technavio has released updated information on the generator market, with the publication of its new market research report, global industrial gas generator market. The global industrial gas generator market is expected to grow at a CAGR of 8% between 2015 and 2019 due to the increasing popularity of gas generators in the industrial sector, such as manufacturing, especially in the emerging economies. The Americas lead the global market for industrial gas generators, owing to the easy availability of natural gas and recent discoveries of shale gas in the US.
“Several large end users have started adopting gas generators. This has led to a surge in the production of gas powered generators, mostly as a result of technologies such as drilling and fracking. Of late, the market vendors are aiming to develop remote monitoring systems in power generators. These would facilitate users with alarm management, generator fleet management and remote control capabilities,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
Currently, the market is experiencing strong demand for generators with capacity less than 300 kW and above 1 MW. Generators with capacity less than 300 kW are used in small-scale industries where the total load is less and the operation is of short period. The demand for these generators is likely to come from emerging industries in the developing nations such as China and India, as these regions are the hub of small cost-driven industries who are slowly seizing the market. Moreover, power outages in these countries are frequent, therefore the demand for gas generators with power rating less than 300 kW is high.
The key players in the global industrial gas generator market are Caterpillar, Cummins, Generac, and Kohler. Small-scale industries are increasingly adopting generators with remote monitoring system incorporated in them, which is opening up new opportunities for vendors to diversify their business.
A more detailed analysis is available in the Technavio report, Global Industrial Gas Generator Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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