Residential Gas Generator Market Insights, Opportunity Analysis, Industry Shares And Forecast 2020-2027
Residential Gas Generator Insights:
The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers.
Major Players in Residential Gas Generator Market:
The leading players in the Residential Gas Generator Market:
- Cummins Inc.
- Aggreko Plc
- Caterpillar Inc.
- Kirloskar Electric Company
- Briggs & Stratton Corporation
- Himoinsa S.L.
- Generac Power Systems, Inc.
- Kohler Co.
- Atlas Copco AB
- Perfect Gas Generator
Key Drivers of Residential Gas Generator Market:
Increasing awareness associated with natural gas as a clean and reliable fuel, reducing natural gas fuel prices, and growing concern towards high-pollution emission risk are certain factors surging the growth of the residential gas generator market. Growing population, rising demand for electricity, along with the high dependency on electric based home appliances including television, refrigerators, cell phones, microwave, lights, washing machines, home security systems, cameras, among others, are bolstering the demand of the market. Frequent power cuts and electric shortages are further promoting the adoption of gas generators as backup power in grid-connected areas and act as the main power source in off-grid areas.
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There is a huge increase in the demand for gas generators in the residential sector, primarily owing to various benefits of gas generators, including operational efficiency, cost efficiency, and higher shelf life in comparison to gasoline generators. Companies are highly focused on developing advanced gas generators with improved features, including the delivery of power through the home’s electrical panel, automatic operation, and remote monitoring of generator from anywhere using a tablet, smartphone, or PC. Furthermore, customers can easily access information, such as the current operating status and maintenance alerts of generators. All these prominent factors are anticipated to offer huge growth opportunities in the market in the upcoming years. On the other hand, the lack of gas grid connectivity via pipeline and the presence of substitutes, including gasoline generators, are projected to hinder the market growth during the forecast period.
Residential Gas Generator Market Segmentation:
The residential gas generator market has been segmented into the following categories:
Residential Gas Generator Market by Power Rating:
- Below 100 kVA
- 100-350 kVA
- 350-1000 kVA
- Above 1000 kVA
Residential Gas Generator Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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