Transparency Market Research presents a research report on the global generator sales market for the 2016-2024 period. The report, titled “Generator Sales Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” is a detailed overview of how the said market will fare during the forecast period. The report also looks into the social and economic factors that are propelling the sales of generators for both commercial and domestic use.
The report presents a qualitative and quantitative evaluation of the market. Based on historical data, verifiable market size projections are made until the end of the forecast period in 2024. The projections presented in this report are calculated using validated research methodologies and assumptions. Thus, the report serves as a depository of analysis for every aspect of the market, which includes but is not limited to: Technology, application, regional markets, and types.
The report presents a detailed competitive analysis of the global generator sales market. It mentions top players in this market with a thorough overview of the most successful sales strategies adopted by them in the recent past. Each of these companies is examined for their attributes of financial standing, product portfolio, technological developments with a comparative analysis presented as well. Some of the companies mentioned in this report are Himoinsa S.L. (Spain), MTU Onsite Energy (Germany), and Caterpillar Inc. (U.S.) among others.
The report states the reasons for the continuous growth of the generator sales market. First and foremost, the demand for uninterrupted and reliable power supply is benefitting growth of this market tremendously. This is because even the best power grids can break, which is when generators step in to meet electricity and power needs. Both diesel and gasoline generators are widely used in domestic and commercial settings. These include industrial buildings, hospitals, remotely located buildings, data centers, construction sites, and cabins. The other use of generators lies for backup power in emergencies.
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Of all the end-use segments, the industrial sector will register the fastest growth during the forecast period. This is because several industries such as manufacturing and heavy machinery require uninterrupted power supply to conduct operations smoothly. Voltage drops and power fluctuations hamper the pace of industrial processes. They are also reasons for equipment malfunction because of which industries install generators of different power ratings for operating specific machines.
By power rating, 350-1000 kVA generators have been witnessing increased adoption across the commercial, real estate, IT, and telecom sectors. This segment has exhibited a modest growth rate over the past few years due to the limited use of 350-1000 kVA generators for domestic power backup needs. However, their demand is expected to be higher than generators of other power ratings during the report’s forecast period.
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