Technavio has announced the release of their research report on the
global Residential gas generator market for the forecast period
2019-2023. This residential gas generator market analysis report
segments the market by type (stationary and portable) and geography
(APAC, Europe, MEA, North America, and South America).
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The global residential gas generator market will grow at a CAGR over 9% during 2019-2023. (Graphic: Business Wire)
Global residential gas generator market size will grow by nearly USD 783
million during 2019-2023, at a CAGR over 9%. Bluetooth connectivity is
one of the recent developments in the residential gas generator industry
that allows operators to monitor the generator remotely. The integration
of Bluetooth with portable generators helps in checking fuel levels,
capacity, and performance. Such advantages provided by the
Bluetooth-enabled gas generator will fuel the growth of the overall
residential gas generator during the forecast period.
The growing popularity of gas generators
The demand for gas generators has increased significantly over the last
few years, mainly because it runs on clean energy sources such as
compressed natural gas (CNG), liquified petroleum gas (LPG), and natural
gas. Such clean energy sources reduce greenhouse gas (GHG) emissions
that cause global climate change. They are refilled using gas pipelines
coming from utilities, unlike diesel that needs to be stored,
maintained, and refilled. Most developed countries such as Germany and
the US have a well-organized pipeline infrastructure that supplies
natural gas. Moreover, other key factors such as the plummeting cost of
natural gas, new regulations that prohibit on-site fuel storage, and the
ongoing improvements in gas generator design and production have made
natural gas generators popular.
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“The residential construction market in the US is exhibiting a positive
outlook and is significantly contributing to the overall growth of the
construction market in the country. With the growing number of
residential units, the use of electrical appliances has increased,
increasing electricity usage. The constant disruptions in electricity
supply due to faults in electric networks is driving the need for power
backup. This, in turn, is promoting the adoption of portable gas
generators that offer safety, mobility, and comfort,” says an analyst at
Technavio.
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a snapshot of the report for a more detailed overview
of the market and the segmentation covered in this report
This residential gas generator industry research report provides an
in-depth analysis of the major drivers, upcoming trends, and challenges
that will impact market growth over the forecast period. The report
analyzes the competitive landscape and offers details on several printed
carton manufacturers including –
- Briggs & Stratton Corporation
- Caterpillar
- Cummins Inc.
- Generac Power Systems
- Kohler Co.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company.
Their research and analysis focuses on emerging market trends and
provides actionable insights to help businesses identify market
opportunities and develop effective strategies to optimize their market
positions. Technavio’s report library consists of more than 10,000
reports covering 800 technologies, spanning across 50 countries. Their
client base includes enterprises of all sizes, including more than 100
Fortune 500 companies.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190415005106/en/