The Global gas generator market was valued at $3.7 billion in 2014, growing from $2 billion in 2006, at a CAGR of 8.1%. The US, Brazil and China were the largest contributors; their combined share accounted for 54% of the market, this will rise further to 2025. Local vendors find it difficult to compete with global giants such as GE Group, CAT Group and Cummins. A favorable factor for these established manufacturers is the complexity of the technology, making gas generators costly products. As a result, small manufacturers struggle to enter the market due to the high capital requirement. Another significant factor being safety concerns, which reduces customer confidence in the local manufacturers.
GlobalData’s Gas Generator Market – Global Market Size, Equipment Share and Competitive Analysis to 2025 report gives detailed information on the current market, focusing on key countries, as well as the global scenario. The report analyses annual installations, revenues and share of the various voltage levels for the eight key countries in the market.
This report includes:
- An in-depth analysis of the US, UK, Germany, China, Brazil, Nigeria, South Africa and India
- Annual installations and market size for 2006 to 2025
- Market share of players/leading players in 2014
- Key drivers and restraints impacting the gas generator market at global and country levels
Find out why local generator vendors are finding it difficult to compete with the global giants such as GE Group, CAT Group and Cummins!