The report, now available on ASDReports, recognizes the following companies as the key players in the Global LMC Gas Generator Market: Caterpillar, Cummins, Generac Holdings and Kohler.
Other Prominent Vendors in the market are: APR Energy, F.G. Wilson, Himoinsa, Mitsubishi Heavy Industries, MTU Onsite Energy, Multiquip, Perkins, and Pramac.
Commenting on the report, an analyst said: “Small-sized generators, that use natural gas as the fuel source, are quite affordable. However, when it comes to generators with higher capacities (above 30 kW), diesel generators are economical. End-users owning diesel generators have been trying to find a cheaper alternative fuel that can run the generator, thus saving them the expense of buying a new one.”
According to the report, the construction industry is a major end-user of generators. The operation of the requisite construction equipment and tools in the industry necessitates a continuous access to electricity, which is not readily available in many places where construction takes place. Therefore, the industry relies heavily on backup power generators for powering tools and equipment.
Further, the report states that countries across the globe are moving toward renewable energy sources such as the wind and solar to meet their carbon emission goals and reduce their dependence on fossil fuels. Many end-users, including the residential segment, have started adopting alternative forms of energy rather than depending on power generators.
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: Feb 5, 2016