This market study report includes a detailed segmentation of the global low and medium capacity (LMC) gas generator market by KW rating (less than 10 kW and 10.1-15 kW) and by end-users (industrial, commercial and residential). It also outlines the market shares for key regions like the Americas, APAC and EMEA. The key vendors in this market are Caterpillar, Cummins, Generac and Kohler
Technavio’s market research analysts estimate the global LMC gas generator market, to grow at a CAGR of around 9% between 2016 and 2020. The market is expecting the introduction of more environment-friendly generators that produce fewer particles and toxic gasses, during the forecast period. The Americas dominate the LMC gas generator market, accounting for 49% of the total market share. Gas generators are gaining traction in the region, owing to increased usage by the residential consumers.
The new market research report from Technavio provides a breakdown and analysis of the LMC gas generator segments by technology.
“Vendors are installing bi-fuel systems in existing generators, which has enabled them to replace about 70% of diesel fuel with natural gas, and has reduced fuel expenses up to around 50%. The bi-fuel engine is a traditional diesel engine incorporated with bi-fuel capable hardware, and operates either only on diesel or a combination of both diesel and CNG. The engines are designed to provide similar torque curve, transient response, and power density as a diesel engine,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
The low and medium capacity portable gas generator less than 10 kW dominates the market, accounting for around 69% of the total market share. These gas generators are affordable and lightweight. Also, they are preferred by residential users where backup power requirement is for short durations.
The leading vendors in the global LMC gas generator market include Caterpillar, Cummins, Generac and Kohler. Large and international vendors dominate this market due to their diverse product offerings and extensive customer base. However, they face stiff competition from many regional vendors located in APAC.
A more detailed analysis is available in the Technavio report, Global LMC Gas Generator Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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