The report, now available on ASDReports, recognizes the following companies as the key players in the Global Residential Stationary Generator Market: Briggs & Stratton, Caterpillar, Cummins, Generac and Kohler
Other Prominent Vendors in the market are: APR Energy, Broadcrown, Dresser-Rand, F.G. Wilson, Himoinsa, Kirloskar Oil Engines, Mitsubishi Heavy Industries, MQ Power, MTU Onsite Energy, Perkins, Pramac, Wacker Neuson, Wuxi Kipor Power, Wartsila, and Yanmar.
Commenting on the report, an analyst said: “There has been an increasing focus on the implementation of advanced services which includes system performance and energy efficiency. Several market vendors are in the process of developing advanced generators with increased features and functionalities in order to sustain themselves in this competitive business environment.”
According to the report, growing need for auxiliary power sources because of frequent power outages caused by natural disasters is expected to be one of the major drivers for the growth of the market during the forecast period. Power outages have become more frequent worldwide because of the prevalence of natural disasters such as earthquakes, storms, and floods.
Further, the report states that the governments in many countries have passed stringent regulations and guidelines on environmental conservation. These regulations have a negative impact on the growth of the global residential stationary generator market since vendors are required to comply with these regulations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Nov 16, 2015