Global Residential Gas Generator Market by Type, Power Range, by Region and Segment, Forecasts 2020–2026

Global Residential Gas Generator Market is valued to grow at a healthy CAGR of 8.5% over the forecast period 2020–2026. Increased concerns over diesel maintenance, growing popularity of gas generators, increasing awareness of natural gas as a clean and reliable fuel and decreasing natural gas fuel prices are the factors augmenting the market growth.

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The global residential gas generator market is expected to grow over the forecast period on account of increasing power cuts, especially in Asia Pacific. A generator is the combination of a fossil-fuel-powered engine mounted together with an electrical gensets. Gensets are among the cost-effective, efficient, most reliable source of backup power.

Market Trends, Drivers, Restraints and Opportunity:

Rise in rate of electricity disruption caused by bad weather and surge in cases of power failure arising out of natural phenomenon is likely to trigger the demand for residential gas generator in the near future. At present, innovative strategies such as travel-and-carry generators for camp sites driven by power requirement is most likely to induce the need for gas generators
Power failure in the remote areas are most common and frequent phenomenon and hence gas generators fulfil this gap. In addition, gas generators are needed in remote areas big time
Subsidized availability and constant demand are the major features of residential gas generator market
On contrary, low awareness, and demand for cheap quality generator products restrict the market growth during the forecast period