Stationary gas generators: Key market research findings
- Increased preference for stationary gas generators among industrial users
- Development of smart devices and next-generation generators
Technavio has added a new market research report on the global stationary gas generator market, to its gas generators portfolio. The stationary gas generator market is expected to grow at a CAGR of around 8% between 2015 and 2019. Currently, the Americas dominate the stationary gas generator market, accounting for a market share of over 56%, followed by the APAC and EMEA. However, APAC is lead the market in terms of revenue generation, owing to greater demand for energy from the region’s growing economies.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for growth, as well as the segments with the maximum growth potential.
“Demand for stationary generators are increasing owing to continuous disruptions in the electricity supply. Such disturbances have forced industrial users and manufacturing utilities to install high power rated stationary gas generators for an uninterrupted electricity supply, to enhance their safety, comfort levels, and day-to-day operations. Stationary gas generators with a capacity range of 61 to 1,000 kW are the most extensively used stationary gas generators as they can withstand higher loads. These generators mainly used for operating higher rating machines and other equipment,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Technavio’s market research analysts predict that the market will witness more concentration on the implementation of smart services like system performance and energy efficiency. Various market vendors are developing next-generation generators with increased features and application-specific functionalities. Next-generation generators have built-in electronic governors and automatic voltage regulators, which comply with the environment norms. These technologies help in the automatic control of the speed of generator engines, resulting in highly energy efficient generators.
The leading players in the global gas stationary market include Briggs & Stratton, Caterpillar, Cummins Power Systems, Generac Power Systems, and Kohler. A large number of local and international vendors are investing in the stationary gas generator market. The market vendors are focusing on acquiring local vendors to expand their market share.
A more detailed analysis is available in the Technavio report, Global Stationary Gas Generator Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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