Stationary generators: Key market research findings
- Increasing demand for data center operations backup
- Growing preference for gas generators
Technavio has added a new market research report on the stationary generator market in the US, to its generator portfolio. The stationary generator market in the US is expected to grow at a CAGR of around 8% between 2015 and 2019, owing to the increased demand for power generators to ensure continuous power supply in times of power outage.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Frequent power outages has accelerated the demand for auxiliary power sources. Several industrial consumers are relying on standby generators for continuous power supply. Rising number of data centers in the US has increased the dependence on standby power backup. Organizations are increasingly adopting stationary generators to save the data center operations during system breakdowns,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
The stationary diesel generator market accounts for the maximum share of the overall market. Much of this segment’s demand comes from the industrial sector. However, stationary gas generators are gaining momentum due to stringent environmental regulations. Currently, the stationary generator market is witnessing strong demand for generators with capacity between 301 kW to 1,000 kW and above 1,000 kW. These generators are the most widely used stationary gas generators in the construction industry because of their high power rating, which is required to operate cranes, pneumatic drills, welding, machines and other construction equipment.
The major vendors in the stationary generator market in the US are Caterpillar, Cummins Power Systems, Generac Power Systems, Kohler and Briggs & Stratton. A large number of local and international vendors are investing in the stationary generator market. Market vendors are focusing on acquiring local vendors to expand their market. Small-scale industries are gradually focusing towards power rental services, which is opening up new avenues for the vendors to diversify their business.
A more detailed analysis is available in the Technavio report, Stationary Generator Market in the US 2015-2019.
We can customize reports by other regions and specific segments upon request.
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