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May 22, 2020 7:00 AM ET

Stationary Generators Market 2020 : Industry Outlook, Top Countries Data, Market Size, Driving Factors by Manufacturers, Growth and Forecast 2026

iCrowd Newswire - May 22, 2020

Stationary Generators Market Research report provides information regarding market size, share, growth, and revenue and forecast 2026.

The global stationary generators market size is set to hit USD 24.03 billion by 2026, exhibiting a CAGR of 5.9% during the forecast period. Lack of access to electricity supply in certain regions of the world will be a key growth driver for this market, shares Fortune Business Insights™ in its latest report, titled “Stationary Generators Market Size, Share and Industry Analysis by Fuel (Diesel, Gas, and Others), By Power Rating (Below 75kVA, 75-375kVA, 375-750kVA, Above 750kVA), By Application (Continuous Load, Peak Load, Standby Load), By End-User (Mining, Oil and Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, and Others), and Regional Forecast, 2019 – 2026”. According to a joint report produced by the World Bank (WB), the World Health Organization (WHO), the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA), and the UN Statistics Division, nearly 650 million people worldwide will be deprived of electricity by 2030 if governments fail to step up their efforts. At present, around 573 million people in sub-Saharan Africa are living without electricity. Moreover, reliable and uninterrupted access to power is still not assured in majority of the regions in developing countries. In such a scenario, stationary generators can play a vital role in ensuring power supply to villages and small- and medium-scale businesses, which are critical in the economic development of a nation.

The stationary generators market report states that the value of this market stood at USD 15.28 billion in 2018. In addition to this, the report provides answers to the following questions:

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The stationary generators market report states that the value of this market stood at USD 15.28 billion in 2018. In addition to this, the report provides answers to the following questions:

List of the Key Players Covered in the Report:

Regional Analysis

Exciting Growth Opportunities Await Global Players in Asia-Pacific, Middle East, and Africa

The market size in Asia-Pacific stood at USD 5.54 billion in 2018 and the region is anticipated to dominate the stationary generator market share in the near future. The main reason attributable to this is soaring demand for energy and power in India and China fuelled by their large populations.

In the Middle East, heightened oil and gas exploration operations will boost the market, while in Africa lack of grid infrastructure will create several opportunities. Strong presence of technology leaders is expected to sustain the market in North America, whereas extensive utilization of stationary gensets by the automotive industry will propel the market in Europe.

Competitive Landscape

Prominent Players to Focus on RandD-based Innovation

The stationary generators market analysis indicates that the competition in this market is set to get intense as core companies direct their investments toward enhancing RandD capacity. These investments will aid players to launch innovative solutions for consumers and deepen their footprint in the market.

Industry Developments:

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Increasing Demand for Renewables to Impede Market Growth

While escalating demand for electricity is one of the prominent stationary generators market trends, steady rise in the demand for renewables is fast emerging as a formidable inhibiting factor for this market. According to the International Energy Agency (IEA), worldwide supplies of renewable power sources are slated to expand by 50% in the coming five years, driven by solar energy. By 2024, global solar capacity is likely to increase by 600 GW, the IEA notes. Furthermore, the IEA forecasts that the total share of renewable sources in electricity generation across the globe will reach 30% by 2024, displaying a 4% rise from current levels. Higher deployment of renewables will eschew the need to install or set up fossil fuel-powered electricity generating machines, thereby hindering the stationary genset market growth.

Major Table of Contents :

1. Introduction2. Executive Summary3. Market Dynamics4. Key Portable Generator Market Insights5. Global Market Analysis, Insights and Forecast, 2015-20266. North America Market Analysis, Insights and Forecast, 2015-20267. Europe Market Analysis, Insights and Forecast, 2015-20268. Asia Pacific Market Analysis, Insights and Forecast, 2015-20269. The Middle East and Africa Market Analysis, Insights and Forecast, 2015-202610. Latin America Market Analysis, Insights and Forecast, 2015-202611. Competitive Landscape12. Global Portable Generator Market Revenue Share Analysis, By Key Players, 202013. Company Profiles14. Conclusion

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About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Press Release Distributed by The Express Wire

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