Generator Sales Market Growing at 5.85% CAGR to 2020 via New Revenue Pockets
PUNE, India, March 3, 2016 /PRNewswire/ --
Globally, industrial end-use segment of generator sales market is projected to grow at the highest rate from 2015 to 2020 supported by growth of manufacturing industries such as chemicals & petrochemicals, automobiles, electrical & electronics equipment and others in developing countries such as Brazil, India, China, Saudi Arabia, and others.
Complete market report on generator sales spread across 187 pages providing 13 company profiles and 73 tables and 56 figures is now available at http://www.rnrmarketresearch.com/generator-sales-market-by-type-diesel-and-gas-by-power-range-0-100100-350350-750kva-and-above-by-end-user-industrial-commercial-residential-and-others-by-region-global-trends-forecast-market-report.html .
Increasing demand for reliable and continuous power would be the major factor driving this market. Developing countries are attracting foreign investors to invest in their country to support industrial growth. Meanwhile, developed countries are investing to upgrade backup and emergency power generators to cleaner ones. These investments in the power generation sector, commercial establishments, industries, transportation sector, real estate, and others are expected to create demand for power generators in the market.
Globally, industrial end-use segment is projected to grow at the highest rate from 2015 to 2020. It is supported by growth of manufacturing industries such as chemicals & petrochemicals, automobiles, electrical & electronics equipment and others in developing countries such as Brazil, India, China, Saudi Arabia, and others. In terms of the market by type, gas generators are estimated to lead the generator sales market in terms of growth. Sale of gas generators is quickly picking up pace as it is more environment-friendly as compared to diesel generators. Gas generators are also cost-effective, an added advantage over diesel generators.
Companies profiled in this market research report on generator sales include Caterpillar Inc., Cummins Inc., Kohler Co., Mitsubishi Heavy Industries Ltd., Generac Holdings Inc.., Himoinsa Sl, Kirloskar Electric Company Ltd., Briggs & Stratton Corporation., MQ Power Corporation, MTU Onsite Energy, Wacker Neuson, Yanmar Co. Ltd. and Wartsila Corporation. Order a copy of this research at http://www.rnrmarketresearch.com/contacts/purchase?rname=287289 .
Among regions, Asia-Pacific consists of two of the world's fastest growing countries, China and India. These countries are not only growing at a very high rate, but have also come up with favorable policies for the growth of industries and commercial sectors. The real estate market is also growing at a decent pace in both the countries. These factors have led to a strong demand for generators in both the countries. Both these countries together are estimated to contribute more than 60% to the Asia-Pacific generator sales market for 2015. This has led the Asia-Pacific generator sales market with the fastest growth rate as well as maximum market share among all other regions from 2015 to 2020. Asia Pacific is expected to be followed by the Middle East & Africa in terms of growth rate during the forecast period.
Few premium insights provided in this research include data and information on U.S.: the Largest Market During the Forecast Period, Asia Pacific generator sales 2019, market in Developed vs Developing Nations, generator sales market size, by type and Life Cycle Analysis By Region.
For those interested in the energy market, RnRMarketResearch.com also offers another research titled Asia-Pacific Package Substation Market by Application (Industries, Power, & Infrastructure), by Type (Below 36 kV & 36-150 kV), & by Region (Central Asia, East Asia, South Asia, Southeast Asia, & Rest of Asia-Pacific) - Global Forecast to 2020. This industry is expected to reach USD 3.04 billion by 2020, at a CAGR of 7.82% from 2015 to 2020. The industries segment is estimated to be the largest application market in 2015 exhibiting highest CAGR. East Asia is estimated to account for the largest market share, by value, in 2015. It is one of the key markets for package substation manufacturers and suppliers. East Asian countries, such as China and Japan, are driving the market in the region because of increasing investments in the energy sector. Meanwhile, increasing demand for electricity and power generation capacity additions are the key growth drivers of the package substation market in China. Companies discussed include ABB Ltd., Schneider Electric SE, Siemens AG, General Electric Company, Eaton Corporation Plc., Asia Electrical Power Equipment (Shenzhen) Co., Ltd., Crompton Greaves Ltd., Larsen & Toubro, LittelFuse Inc., Lucy Electric, Toshiba Corporation, C&S Electric Limited, Brilltech Engineers Pvt. Ltd., Kirloskar Electric Company Ltd., Xiamen Qihong Machinery Electrical Equipment Co., Ltd. and PLVK Power Engineers & Consultants. Read more at http://www.rnrmarketresearch.com/asia-pacific-package-substation-market-by-application-industries-power-infrastructure-by-type-below-36-kv-36-150-kv-by-region-central-asia-east-asia-south-asia-southeast-asia-rest-of-asia-pacifi-st-to-2020-market-report.html .
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