A detailed study of the residential stationary generator market in the US and market segmentation by fuel type (stationary diesel generators and stationary gas generators) and by output power capacity (less than 60 kW, 61-300 kW, and greater than 300 kW). The report further presents the top vendors operating in the market, which include Briggs & Stratton, Caterpillar, Cummins, Generac, and Kohler.
Technavio’s market research analysts estimate the residential stationary generator market in the US to grow at a CAGR of around 6% between 2015 and 2019. Growing residential consumers and frequent natural disasters are compelling consumers to resort to installing stationary generators as a backup power solution. US is the biggest market for stationary generators, hence the usage of generators in the residential sector is the highest in this region.
The new market research report from Technavio provides a breakdown and analysis of the residential stationary generator segments by technology.
“Continuous disruptions in electric supply have pushed residential consumers to opt for power backup measures. Many residential end-users are adopting generators owing to their efficient and reliable performance during power outages. Residential consumers are increasingly relying on standby generators as their auxiliary power source. These generators not only meet urgent power requirements but also address high-power needs for long hours,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
The stationary diesel generator market accounts for the largest share of the overall market, accounting for around 64% of the total market share. Diesel is the most commonly used fuel type in stationary generators due to its benefits in engine operations. Moreover, diesel is also less expensive and easily available.
The key vendors in the residential stationary generator market in the US are Cummins Power Systems, Briggs & Stratton, Generac Power Systems, Caterpillar and Kohler. At present, both international as well as regional vendors operate in the residential stationary generator market. International vendors are currently dominating the market with their quality products, however, these vendors are experiencing robust competition from the regional vendors who are providing similar products at a much lesser cost.
A more detailed analysis is available in the Technavio report, Residential Stationary Generator Market in the US 2015-2019.
We can customize reports by other regions and specific segments upon request.
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