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Stationary gas generators are one of the significant contributors to the overall generator market, and the market is expected to grow at a CAGR of more than 8% during the forecast period. Rapid urbanization and high growth rate of the infrastructure industry are the major drivers influencing the market growth, especially in the developing countries.
With the significant growth in industrial activities worldwide, the demand for stationary generators is expected to witness a considerable growth. The main factor leading to the demand for stationary generators is the continuous disruptions in the electricity supply, which have forced industrial users to install high power rated stationary gas generators for an uninterrupted electricity supply, to enhance their safety, comfort levels, and day-to-day operations.
A large number of local and international vendors such as Cummins are investing in the stationary gas generator market. The market vendors are focusing on acquiring local vendors to expand their market share.
Leading vendors in this market are –
Other prominent vendors included in this report are Mitsubishi Heavy Industries, Perkins, and Pramac.
Stationary gas generators with a capacity range of 61 to 1,000 kW are the most extensively used stationary gas generators across the world, as they can withstand higher loads and are mainly used for operating higher rating machines and other equipment.
The Americas dominated the stationary gas generator market in 2014, accounting for a market share of over 56%, followed by the APAC. The EMEA region is not far behind following the huge investments taking place in the construction and industrial segment in Gulf countries such as Dubai, Qatar, and Saudi Arabia.
Technavio’s market research analysts evaluate upcoming trends, such as the growing European gas generators market, which is expected to witness a considerable growth shortly. European countries such as Germany, Spain, Italy, Poland and UK are projected to witness the majority of growth in the stationary gas generator market in the forecast period.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global stationary gas generator market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
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Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
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Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
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