United States gas generator market: 3% CAGR between 2012-2016

Press release   •   May 01, 2013 14:45 BST

The Diesel and Gas Generator market in the US is to grow at a CAGR of 3.1 percent for the period 2012-2016. One of the key factors contributing to this market growth is the increasing energy deficit in the US. The Diesel and Gas Generator market in the US has also been witnessing development of next-generation generators. However, increasing threat from alternative energy production could pose a challenge to the growth of this market.

The Diesel and Gas Generators market vendors are developing next-generation generators. Vendors are trying to differentiate their products by developing advanced generators to create a competitive edge for themselves in the market. For instance, a few vendors are developing generators with comprehensive control and monitoring systems, which can improve the overall efficiency of the generators. In addition, vendors are trying to offer user-friendly generators where end-users need not have any technical knowledge to operate the generators.

One of the major drivers in the market is the increasing energy deficit in the US. The gap between demand for and supply of energy is widening, giving rise to the need for power generators in the US. Many residential users, industrial users, and commercial users depend on generators for uninterrupted power supply. In particular, the market is experiencing huge demand for low power range generators in the US.

Key vendors dominating this market space include Caterpillar Inc., Cummins Inc., and Generac Holdings Inc. Other vendors mentioned in the report: Detroit Tools, ABB Ltd., GE Co., Kohler Co., Mitsubishi Heavy Industries Ltd., and Siemens AG.

For more information on the United States gas generator market, please click here: United States gas generator market issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.