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Technavio’s market research analysts expect the stationary generator market in Europe to grow at a CAGR of nearly 5% during the forecast period. Europe has reached its maturity stage in terms of market growth, especially Western Europe. Central and Eastern parts of this region however, still have the potential to grow further.
Globally, Europe has one of the strongest distribution networks for the stationary generator market. Its local distributors have key insights into end-user dynamics, which helps them deal with the demands of this region adequately. Additionally, local distributors provide excellent after sales service, thus providing further impetus for the growth of the stationary generator market in Europe.
Stationary diesel generator market accounts for the maximum share of the overall market. However, due to environmental regulations, gas is becoming the preferred fuel type for stationary generators, therefore the stationary gas generator segment is expected to gain a higher market share over the next four years.
The stationary generator market is experiencing strong demand for capacities ranging between 301 kW and 1 MW. The market for stationary generators in this range is expected to grow at a CAGR of over 5%. The majority of the demand is rising from the residential as well as commercial applications.
Even though the stationary generator market in Europe is dominated by large and international vendors, many national and regional vendors are emerging in the market with low-cost options. Therefore, vendors are driven to distinguish their products in spite of the limited scope for product differentiation, to endure the stiff competition and sustain a competitive advantage in this market.
Leading vendors in this market are –
Other prominent vendors included in this report are Briggs and Stratton, Bruno Generators, Cipriani, Dale Power Solutions, Generac, Green Power Generators, Hitzinger, Just Generators, SDMO, Stephill Generators, and Tecnogen.
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