Power Generation Equipment is useful appliances that supply electrical power during a power outage and prevent discontinuity of daily activities or disruption of business operations. Power Generation Equipment is available in different electrical and physical configurations for use in different applications.
In the coming years there is an increasing demand for Power Generation Equipment in the regions of US and Europe that is expected to drive the market for more advanced Power Generation Equipment. Growth in government budgets in the principal countries, increasing of residential fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Power Generation Equipment will drive growth in China markets.
Globally, the Power Generation Equipment industry market is low concentrated as the manufacturing technology of Power Generation Equipment is relatively matures than some high-tech equipment. And some enterprises, like Caterpillar, Cummins Power Systems, Generac, Honda Power, etc. are well-known for the wonderful performance of their Power Generation Equipment and related services. At the same time, China, occupied 52.34% production market share in 2016, is remarkable in the global Power Generation Equipment industry because of their market share and lowing cost of raw material and labor.
Although the market competition of Power Generation Equipment is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Power Generation Equipment and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Over the next five years, LPI(LP Information) projects that Power Generation Equipment will register a 3.7% CAGR in terms of revenue, reach US$ 11800 million by 2023, from US$ 9830 million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
- Caterpillar
- Cummins Power Systems
- Generac
- Honda Power
- MTU
- Briggs & Stratton
- Yamaha
- KOHLER
- TTI
- Champion
- Itopower
- Hyundai Power
- Eaton
- Sawafuji
- Loncin
- PM & T
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
- North America (United States, Canada and Mexico)
- Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
- Europe (Germany, UK, France, Italy and Russia etc.)
- South America (Brazil, Chile, Peru and Argentina)
- Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
- Portable Generators
- Standby Generators
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
- Residential
- Industrial
- Commercial
- Others