Global stationary generator market expected to surpass us $21 billion by 2019, says Technavio

Renewable energy


The market research report segments the global stationary generator market by fuel type (stationary diesel generators and stationary gas generators), and by output power capacity (less than 300 kW, 301 kW to 1 MW, and greater than 1 MW). A geographic segmentation of the market, including the Americas, the APAC, and the EMEA region is discussed in the report. The main vendors of the market include Briggs & Stratton, Caterpillar, Cummins, Generac, and Kohler.

Technavio has released updated information on the generator market, with the publication of its new market research report, global stationary generator market. The global stationary generator market is expected to grow at a CAGR of 6% between 2015 and 2019. Increase in industrialization and urbanization processes across the world has led to shortage of power and energy. This has pushed the industries to adopt stationary generators to ensure continuous supply of electric power for smooth business operations. Though the Americas hold the largest share of the market, the APAC region is the most promising market for generators. Countries like India and China show immense market potential, owing to the heavy industrialization process taking place in these regions.

“Of late, the market is witnessing several technological advancements in the diesel generator sets, thanks to the improved fuel economy. Diesel engines are still preferred by the industrial sector as a reliable power backup equipment. This growing demand has pushed the manufacturers to make several alterations in the performance and functioning of diesel generators, which include modifications in diesel engines, fuel systems and fuel composition. Also, these generators are incorporated with digital monitoring and control systems and advanced fuel emission treatment methods,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.

The global stationary diesel generator market occupies around 78% of the total market share. The need for an uninterrupted power supply during power outages, caused by natural calamities or faults in the electric network, has led to the growing adoption of diesel generators in the industrial sector. Also, these generators are still a preference among end-users owing to their easy availability and cost-effectiveness.

The key vendors in the global stationary generator market are Cummins Power Systems, Briggs & Stratton, Generac Power Systems, Caterpillar and Kohler. The market is fragmented with the presence of both international and regional vendors. However vendors have to stringently abide by the emission regulations and manufacture certified products.

A more detailed analysis is available in the Technavio report, Global Stationary Generator Market 2015-2019.

We can customize this reports by other regions and specific segments upon request.

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