DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5672ck/residential) has announced the addition of the "Residential Stationary Generator Market in the US 2015-2019" report to their offering.
The residential stationary generator market in the US to grow at a CAGR of 4.8% over the period 2014-2019.
Residential Stationary Generator Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. For ascertaining the market size and vendor share, the report considers the revenue generated from the sales of stationary generators.
Diesel generators produce more noise than gas generators and are not recommended for residential applications. Thus, many people have started adopting gas generators. This has led to an upsurge in the production of gas-powered generators, mostly due to gas extraction technologies such as drilling and fracking. Instead of investing in diesel generators, residential end-users are slowly preferring this type of generator as it frees them from the hassle of filling a generator with fuel periodically during a power outage.
According to the report, the growing need for auxiliary power sources because of frequent power outages caused by natural disasters is expected to be one of the major drivers for the growth of the market during the forecast period. Residential consumers are increasingly relying on standby generators as their auxiliary power source because of increased frequency of power outages.
Further, the report states that increased adoption of portable generators among residential users hinders the market growth.
The market has been segmented based on:
- Fuel type
- Output power capacity
- Briggs and Stratton
- Cummins Power Systems
- Generac Power Systems
Other prominent vendors:
- Affordable Generator Services
- Curtis Engine & Equipment
- Gruber Power Services
- Indeck Power Equipment
- MTU Onsite Energy
Stewart & Stevenson Power Products
For more information visit http://www.researchandmarkets.com/research/5672ck/residential