Enjoy complimentary customisation on priority with our Enterprise License!
Country wise, the US is the biggest market for stationary generators, hence the usage of generators in the residential sector is the highest in this region. Growing residential consumers and frequent natural disasters are compelling consumers to resort to installing stationary generators as a backup power solution. Technavio’s market research analysts expect the residential stationary generator market in the US to grow at a CAGR of close to 6% during the forecast period.
The US is the largest revenue contributor in the overall generator market. One major factor contributing to the market share is that almost every household in the US has a generator installed in them to ensure emergency power backup when required. Thus, with a steady growth in construction activities, especially in the residential segment, it is expected to present great future growth prospects for the stationary generator market in the country.
Diesel, which is easily available and is priced cheaper, is the most commonly used fuel type in stationary generators. However, due to environmental regulations, gas is becoming a more preferred fuel type for stationary generators and hence its market is gaining popularity among end-users. Technavio’s market research analysts expect the market share for stationary gas generators to increase by around 3% by 2019.
The market in the US is witnessing a strong demand for generators with capacity less than 60 kW and between 61 kW to 300 kW. The demand for generators with capacity less than 60 kW is mostly emerging from small and medium-sized homes as these generators do not require much space as compared to the high power rating stationary generators and fulfil most of the energy requirements. The market for residential stationary generators with capacity less than 60 kW is projected to grow at a CAGR of almost 6% in the forecast period.
At present, both international as well as regional vendors operate in the residential stationary generator market. International vendors are currently dominating the market with their quality products, however, these vendors are experiencing robust competition from the regional vendors who are providing similar products at a much lesser cost.
Key vendors in this market are:
Other prominent vendors included in this report are Indeck Power Equipment, MTU Onsite Energy, Multiquip, Perkins, and Stewart & Stevenson Power Products.
Technavio also offers customization on reports based on specific client requirement.
TOC and List of Exhibits will be provided upon request
Please email at enquiry@technavio.com to request for TOC
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.