Key players are Aggreko Plc. (U.K.), APR Energy Inc. (U.S.), Kohler Co. (U.S.), MQ Power Corporation (U.S.), Generac Holdings Inc. (U.S.), MTU Onsite Energy Corp. (Germany).
(PRWEB) March 18, 2015
This report on the global Generator Sales Market defines the growth trends and revenue forecasts for the global industry. According to the report, the market is expected to witness steady growth at a CAGR of 6.1% from 2014 to reach $22.4 billion by 2019.
Explore Generator Sales Market through data tables, figures and TOC spread across 182 report pages.
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According to MarketsandMarkets, the global generator sales market is expected to witness high growth with rising power demand from around the world. Growth in the demand across the developing economies along with lack of grid stability and support are also expected to be some of the major driving factors for this market. According to the report, continual rise in power demand with an upsurge in industrialization and urbanization are expected to increase the demand for power backup. This backup has expected to become vital for a few applications that require uninterrupted supply of energy.
According to the report, the strong rise in power demand is expected to grow the concerns for the power generation on global scale. As of now, alternative technologies for power generation such as captive power plants and independent power producers are expected to have a limited presence. As per the report, Asia-Pacific region is expected to double the growth of demand from 2010 to 2035.
North America, Middle East & Africa are also expected to be the key markets for the generator sales market. According to the report, the aforementioned regions are expected to have strong growth in the power rental business. Consequently, rising power consumption from residential and commercial sectors are also expected to create growth opportunities for this market.
As a result of all these factors, the report expects power generator service providers and equipment manufacturers to integrate their existing technologies and invent advanced technologies. Growth in the research and development activities is also expected to drive the demand in this market. The market is dominated by a few global players while the rest of it is expected to be fragmented between regional players. According to the report, new product development is becoming the strongest sales strategy for the global players.
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The report forecast revenue of the global generator sales market and provides details about the growth trends and demand for the key players across different geographic regions. It profiles key industry players providing generator services and equipment manufacturing. According to the report, the global industry is expected to witness steady growth over the forecasting period of next four to five years.
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