TechNavio recognizes the following companies as the key players in the Global Residential Gas Generator Market: Baldor Electric Co., Inc., Briggs & Stratton Power Products Group LLC, Cummins Inc., and Generac Power Systems Inc.
Commenting on the report, an analyst from TechNavio’s team said: “To remain sustainable in the competitive business environment, several market vendors are developing advanced gas generators with increased features and functionalities. For instance, a few vendors are developing generators with comprehensive control and monitoring systems that improve the overall efficiency of generators. Also, the next-generation gas generators are more environmentally friendly, as they include technologies such as electronic governors and automatic voltage regulation. These technologies help to control the speed of the generator engines automatically, thus making them more energy efficient. Moreover, some of the smart generators are incorporated with an additional feature that allows them to be monitored through the internet. Therefore, the emergence of next-generation generators is one of the emerging trends in the market that is expected to have a positive influence on growth.”
According to the report, one of the main drivers in the market is the growing dependence on electronic goods. With an increasing dependence on the various electronic and electrical products such as refrigerators, heating equipment, and air conditioners, the need for electricity in the Residential sector has increased.
Further, the report states that the major challenge in the market is the need to comply with emission regulations. The various emission regulations formulated by different governments require market vendors to comply with them.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-residential-gas-generator-market-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Residential Gas Generator Market 2014-2018
