The report presents a detailed segmentation of the global residential stationary generator market with respect to product range (less than 60 kW, 61 to 1,000 kW, and above 1,000 kW) and by geography (the Americas, EMEA, and APAC). The key vendors of the market such as Briggs & Stratton, Caterpillar, Cummins, Generac, and Kohler are listed in the report.
Technavio has released updated information on the generator market, with the publication of its new market research report, global residential stationary generator market. The global residential stationary generator market is expected to grow at a CAGR of around 7% between 2015 and 2019, owing to increased demand for power generators from both residential and commercial end-users. The APAC region dominates the global market for resiodential stationary generator, occupying aroubnd 36% of the overall market share. Technavio’s research analysts expect the stationary generator market in the APAC region to witness a significant growth during the forecast period, which is driven by the increasing number of power outages and growth in the construction industry.
“Several vendors are aiming to develop advanced generators with increased features and functionalities to gain competitive edge in this market. Like, a few vendors are developing generators with comprehensive control and monitoring systems, which can improve the overall efficiency of generators. Besides being energy-efficient, these next-generation generators would also have automatic voltage regulators,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
Following the increased use of smart equipment at home, continuous supply of electricity is the most important aspect for the households. At present, the market for the generators with a capacity of 61 to 1,000 kW accounts for the majority of share with 51% due to advantages like longer run time than low power rating generators and less costly than generators with power rating more than 1000 Kw.
The leading vendors in the global residential stationary generator market include Briggs & Stratton, Caterpillar, Cummins, Generac, and Kohler. The market is dominated by large and international vendors, however, many local and regional vendors are evolving in the market with low-cost options for residential and commercial users. Therefore, several market vendors are in the course of developing advanced generators with increased features and functionalities to sustain themselves in this competitive business environment.
A more detailed analysis is available in the Technavio report, Global Residential Stationary Generator – Market Research 2015-2019.
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