DUBLIN--(BUSINESS WIRE)--The "Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous Power), Power Rating (<100 kVA, 100-350 kVA, 350-1,000 kVA, >1,000 kVA), End-User (Residential, Commercial, Industrial) & Region - Global forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Generator Sales Market is Estimated to Reach USD 20.93 Billion in 2018 and USD 27.24 Billion By 2023, at a CAGR of 5.41%, from 2018 to 2023.
The report segments the generator sales market on the basis of fuel type into diesel, gas, and other fuel generators. Generators can be used in standby, prime, continuous, and peak shaving applications in various end-use sectors such as industrial, commercial, and residential. The main driver for the generator sales market is the growing demand for uninterrupted and reliable power supply as some of the best power grids are also subject to downtime.
The growth of healthcare infrastructure, rising demand for IT infrastructure management, and rapid urbanization in developing countries is also expected to drive the generator sales market during the forecast period. The increasing adoption of energy storage technologies and significant investments in modernizing/upgrading existing transmission and distribution infrastructure can act as restraints for the generator sales market.
Asia Pacific is currently the largest market for generators sales, followed by North America and the Middle East & Africa. China accounted for the maximum share of the market in Asia Pacific in 2017. India is projected to grow at the highest CAGR, from 2018 to 2023. Growth of the industrial and commercial sectors in countries such as China, India, South Korea, Bangladesh, and Taiwan is expected to drive the generator sales market in Asia Pacific.
The leading players in this industry have been profiled with their recent developments and other strategic activities. These include Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Generator Sales Market, By Fuel Type
7 Generator Sales Market, By Power Rating
8 Generator Sales Market, By Application
9 Generator Sales Market, By End-User
10 Generator Sales Market, By Region
11 Competitive Landscape
12 Company Profiles
- Briggs & Stratton
- MQ Power
- Mitsubishi Heavy Industries
- Rolls-Royce. (MTU Onsite Energy)
- Sterling & Wilson.
- Wacker Neuson
- Weichai Group.
For more information about this report visit https://www.researchandmarkets.com/research/rrkvj3/generator_sales?w=4