DUBLIN--(BUSINESS WIRE)--The "Global Residential Gas Generator Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The residential gas generator market will register a CAGR of more than 9% by 2023.
Natural calamities and bad weather are a few of the foremost reasons for power outages. In general, power failures are caused by natural weather phenomena such as lightning, rain, snow, ice, wind, and dust. However, during natural calamities such as floods and severe storms, preventing a major power failure becomes challenging.
Such types of natural disasters disrupt the continuous power supply, which causes major faults or breakdowns in the power grid. Therefore, residential consumers rely on gas generators as their auxiliary power source. The continuous power requirement and the unreliable power supply situation have spurred the demand for residential gas generators.
Growth of residential construction sector in US
The use of electrical appliances has increased with the growing number of residential units resulting in an increase in electricity usage. The need for power backup is becoming essential with the rise in residential construction. Many residential users are adopting portable gas generators, which offer safety, mobility and comfort. The effective and reliable operations of portable gas generators cater to the backup power requirements of users during power outages and reduce the need to install large standby generators.
Availability of alternative
The additional overhead costs related to maintenance, fuel, equipment, storage, facilities, and emission regulations have accelerated the demand for alternative backup solutions. For residential consumers, solutions that use battery power packs or inverter technology are cost-effective and more environment-friendly than generators. Therefore, power packs are ideal for residential applications and are expected to pose a challenge to the global residential gas generator market.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
- Briggs & Stratton Corporation
- Caterpillar
- Cummins Inc.
- Generac Power Systems
- Kohler Co.
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
- Comparison by type
- Stationary - Market size and forecast 2018-2023
- Portable - Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Emergence of Bluetooth-enabled portable generators
- Emerging technologies for electricity generation
- Increasing adoption of rental model
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Briggs & Stratton Corporation
- Caterpillar
- Cummins Inc.
- Generac Power Systems
- Kohler Co.
For more information about this report visit https://www.researchandmarkets.com/r/gzc8no
