Global Residential Gas Generators Market to reach USD 6.0 billion by 2025 | CAGR: 3.9%
Global Residential Gas Generators Market is valued at USD 1.8 billion in 2016 is anticipated to grow USD 6.0 billion with the compounded annual growth of 3.9% over the forecast period 2017-2025.
New York 29 May 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Residential Gas Generators industry is poised to raise USD 6.0 billion by 2025. The increasing number of weather-related power outages and the growing demand for uninterrupted and reliable power supply in developed and developing nations are expected to drive the global portable generator market during the forecast period. To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Residential Gas Generators Market Size Estimates and Forecasts, By Generator Type (Stationary, Portable), By End-user (Industrial, Telecom, Residential, Commercial) and by Region (North America, Europe, Asia Pacific, and Rest of the World) 2017-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Yamaha Motor Corporation, Cummins Inc, Kohler Co, Greaves Cotton Limited, Generac Holdings, KOEL Green, Su-Kam Power System Ltd, Honda Siel Power Products Ltd. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region estimated for dominating the Residential Gas Generators market during the forecast period.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
- The Asia Pacific is expected to be the largest Genset market worldwide. The Asia Pacific is anticipated to experience a rapid growth on account of increasing manufacturing sector
- Asia PacificResidential Gas Generators market is estimated to grow at the highest CAGR during the forecast period.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- by Generator Type
- by End-user
- North America
- Asia Pacific
- Rest of the World