Global Residential Generators Market to Reach $9.3 Billion by 2015, According to New Report by Global Industry Analysts

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GIA announces the release of a comprehensive global report on Residential Generators markets. The world market for residential generators is projected to reach $9.3 billion by the year 2015. The residential generators market is witnessing growth primarily due to increase in residential demand for electricity. Various factors such as increasing disposable income, expanding population, increasing electrification and urbanization, and dependence on electric devices and appliances are resulting in increasing consumption of electricity by the residential sector.

Residential Generators: A Global Strategic Business Report

Since the year 2000, developing nations have witnessed a growth of over 40% in electricity demand for the residential sector. However, the mismatch between demand and supply of electricity in most of developing nations resulted in significant long-term energy shortages, which spurred the demand for residential generators. Other factors fueling demand for residential generators include increase in power outages, growing number of home offices, and increase in in-home use of electric powered medical devices.

Asia Pacific and Europe dominate the world residential generators market, as stated by the new market research report on residential generators. Gasoline-powered electric generators are the most common type of generators. Gas-fueled generators are environment friendly generators used for small units. Such generators offer a longer runtime as compared to other generators. However, diesel-fueled generators offer significant cost-advantages and are used for large applications requiring an output of more than 150 kW.

The report titled “Residential Generators: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, and product introductions/innovations. The study analyzes market data and analytics in terms of value sales for regions including The United States, Europe, Asia-Pacific, and Rest of World.

For more details about this market research report, please visit – http://www.strategyr.com/Residential_Generators_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/

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