The stationary generator market share in the US will post an incremental growth of USD 1.13 billion, progressing at a CAGR of 6.69% during the forecast period. The increasing demand for uninterrupted power supply will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Stationary Generator Market in the US by Product and Type - Forecast and Analysis 2021-2025” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The stationary generator market in the US is segmented by product (stationary diesel generators and stationary gas generators), type (less than 300 kW, 301 kW to 800 kW, and greater than 800 kW)
The growth of the stationary generator market size in the US by generators with a power output of less than 300 kW will be significant during the forecast period. Generators with a power output of less than 300 kW have a lower footprint and require a low initial investment. Hence, these generators find major applications in residential and data centers where the average annual power outage rate is less than 22-28 hours.
The increasing demand for uninterrupted power supply will directly influence the stationary generator market in the US. In addition, the growth of the residential construction sector is one of the major stationary generator market trends in the US that will positively impact the market growth. However, factors such as the availability of power backup alternatives will hamper the stationary generator market growth in the US.
The market is fragmented due to the presence of several players. Some of the major stationary generator market vendors in the US are:
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2021-2025.
CAGR of the stationary generator market in the US forecast during 2021-2025.
Market-level data on units, average selling prices, and values of the stationary generator market share in the US.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the stationary generator market in the US.
Stationary generator industry growth across the US.