DUBLIN, Nov. 25, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/qwttm8/global_stationary) has announced the addition of the "Global Stationary Generator Market 2015-2019" report to their offering.
The global stationary generator market to grow at a CAGR of 5.9% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the global stationary generator market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of stationary generators. The report also includes a discussion of the key vendors operating in this market.
Modern power generators are undergoing a series of technological advancements that makes them a lot more unique than the traditional diesel or gas generators in use till now. From advanced monitoring equipment to hi-tech control systems, vendors are incorporating all these features in their generators to differentiate from their own previous product portfolio.
According to the report, to complement the economic growth and to satisfy the demand of the growing population, both the Chinese and Indian governments are investing profusely for the development of infrastructure in the countries. These nations are focusing on the development of infrastructure as a critical area for development of the overall economy. This drives the building construction market in APAC despite the soaring prices of properties.
Further, the report states that price is the major decisive factor for most of the end-users because they have tight budgets and increased expenses. The customers expect to have a generator with additional functionality and reliability but at a lower price. Therefore, many vendors are reducing their product prices to seize the demand from cost-driven companies and SMEs, resulting in increasing competition among the vendors over a period of time.
The market has been segmented based on:
- Fuel type
- Output power capacity
- Briggs and Stratton
- Cummins Power Systems
- Generac Power Systems
Other prominent vendors
- APR Energy
- Atlas Copco
- F.G. Wilson
- GE Energy
- Kirloskar Oil Engines
- Mitsubishi Heavy Industries
- MQ Power
- MTU Onsite Energy
- Wacker Neuson
- Wuxi Kipor Power
For more information visit http://www.researchandmarkets.com/research/qwttm8/global_stationary
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SOURCE Research and Markets