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The 500.1–1000kW Range is Set to be the Fastest-growing Segment
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The focus of this research service is to analyze the drivers and restraints that affect the growth of the North American generator set market. In the competitive generator space, market participants must leverage key differentiators, capitalizing on consumer demand for quality, reliability, and innovation. Factors such as increased awareness among customers, higher power demand, unreliable grid infrastructure, and more severe and unpredictable power outages are likely to drive the demand for generator sets during the next 5 years. The study also addresses current and future market opportunities in the United States and Canada as well as the challenges faced by industry participants in a rapidly changing environment.Why Partner with Frost & Sullivan?• Frost & Sullivan has a robust and proven research methodology resulting in high-quality findings and has established relationships with the leading participants in the generator set market value chain with which it performs primary research for the purpose of its research services. • Frost & Sullivan is a subject matter expert with 35 years of energy and environment experience researching and tracking generator set markets and generating reliable information. • The team of industry experts offers a multidisciplinary background in engineering, business studies, and market strategy, and offers a solution that integrates expertise areas to develop fact-driven strategies. The Frost & Sullivan analyst team has performed an analysis of the generators market from various perspectives, including: o Segment: stationary, portable, and rental generators o Fuel: gas and diesel generators o End-user: residential, commercial, and industrial generators o Geography: Global and regional, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa The fact-driven, client-specific approach bridges the gap between market research and mainstream consulting, resulting in an exceptional ability to help generator companies realize their vision.
The current market size for 2018 is provided for each segment and forecast till 2023. Forecasts by competitive revenues and unit shipment of natural gas generators and diesel generators are also provided. Revenue and units are tracked and forecast by power range inclusive of <30kW; 30.1–60kW; 60.1–150kW; 150.1–300kW; 300.1–500kW; 500.1–1000kW; and 1000.1–3000kW.
End-user segments including commercial gensets, industrial gensets, and residential gensets are covered; in addition, revenue is predicted by application including peak shaving, prime power, and stand-by. Market share is provided for the leading competitors, which include Caterpillar, Cummins, Generac Power Systems, and Kohler, among others.
Key Issues Addressed
Author: Lucrecia Gomez
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