The report forecasts the global generator market in the healthcare sector to grow at a CAGR of 1.7% during the period 2016-2020.
Diesel as a fuel type dominates the overall generator market. For several decades, the generators, especially those used in the industrial sector, have been resorting to diesel as the most preferred fuel type, due to its lower cost and easy availability. However, there is a growing trend toward the use of natural gas and other alternative environment-friendly, non-diesel fuel sources. Despite this fact, diesel will continue to lead the fuel type segment for many years to come. Diesel generators will account for about 65%-70% of the market by the end of 2020.
According to the report, rising popularity of gas generators will be a key driver for market growth. Diesel generators produce more noise than gas generators and are not suitable for use in many residential and commercial applications. Thus, many large end-users have started adopting gas generators, which has led to an upsurge in the production of gas-powered generators due to technologies such as drilling and fracking. End-users opt for gas generators as the work of filling a generator with diesel during a power outage is minimized.
Further, the report states that increasing awareness of emission regulations has impacted diesel generator manufacturers significantly. These manufacturers are now facing a key challenge to developing generators that have high-performance levels as well as meet the required compliance with strict legislations on emissions. The challenge lies in the reduction of NOx at the source itself to avoid further cost-intensive measures.
- Generac Power Systems
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Market segmentation by portability
PART 12: Geographical segmentation
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information on this topic, check out the Pharmaceuticals and Healthcare section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/8rtsxv/global_generator
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-generator-market-in-the-healthcare-sector-to-grow-17-by-2020---rising-popularity-of-gas-generators---research-and-markets-300345020.html
SOURCE Research and Markets