Thursday, April 18, 2019

Generator Sales Market 2018 Major Growth by Key Players: Caterpillar, Cummins, Rolls-Royce, Mitsubishi, Yanmar, and Kohler



The global generator sales market is expected to grow at a CAGR of 5.41%, from 2018 to 2023, to reach a market size of USD 27.24 billion by 2023. The major factors driving the generator sales market include the growing demand for uninterrupted and reliable power as some of the best power grids are also subject to downtime, growth of healthcare infrastructure, rising demand for IT infrastructure management, and rapid urbanization in developing countries.

Browse 80 tables and 37 figures spread through 151 pages and in-depth TOC on "Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous Power), Power Rating (<100 kVA, 100–350 kVA, 350–1,000 kVA, >1,000 kVA), End-User (Residential, Commercial, Industrial), and Region - Global forecast to 2023"


The generator sales market is dominated by a few major players that have a wide regional presence and are established brand names. The leading players in the generator sales market include Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US).

The other fuel segment which includes propane, LPG, and bio-diesel is expected to be the fastest-growing fuel segment of the generator sales market, from 2018 to 2023. Countries around the world have set emission reduction targets and are working toward achieving these targets, which has resulted in the increased share of environmentally friendly fuel for power production. Countries such as the US, Brazil, Canada, Germany, France, and the UK are expected to increase their focus on environmentally friendly technologies, driving the market for propane, LPG, and bio-diesel-powered generators during the forecast period.

The industrial segment is expected to be the fastest-growing segment of the generator sales market, by end-user, during the forecast period. The industrial end-user segment includes the utility/power generation, oil & gas, and other industries such as mining, marine, chemicals, military, and manufacturing. Growth of the oil & gas sector in China, Mexico, the US, Canada, and African countries is creating a new market for generator sets. Also, growth of the manufacturing sector in Asia Pacific is expected to drive the demand for generators.


The above 1,000 kVA power rating segment is expected to be the fastest-growing segment of the generator sales market during the forecast period. Above 1,000 kVA generators are mainly used for CHP plants, large manufacturing units, power plants, and marine applications. Above 1,000 kVA generators are economical and can be deployed for continuous power applications. The adoption of natural gas and other renewable gases for the above 1,000 kVA generators is the major reason for the fastest growth projection of the segment during the forecast period.

The standby segment is expected to be the fastest-growing segment of the generator sales market, from 2018 to 2023. Standby power generators are used in applications where regular power supply is necessary to carry out operations. The increasing demand for uninterrupted and reliable power, stringent building codes and safety guidelines for critical infrastructure, and increasing demand for backup power from the residential sector are major factors due to which the standby segment is projected to grow at the highest CAGR during the forecast period.


Asia Pacific is expected to be the fastest-growing generator sales market, from 2018 to 2023, followed by the Middle East & Africa. Countries such as the US, China, Canada, Saudi Arabia, Russia, Germany, and India are the largest markets for generator sales. India and China are rapidly developing large economies. Both countries are implementing policies to boost their industrial sectors. Inadequate power transmission and distribution networks in developing countries in Asia Pacific are also expected to create a demand for generator sets. Due to these factors, Asia Pacific is projected to grow at the highest CAGR during the forecast period. 

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
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newsletter@marketsandmarkets.com

Wednesday, April 17, 2019

New study Global Electric Traction Motor Market 2018 Perspective with Study of Leading Players and Revenue to Significant Growth Forecast by 2023



The electric traction motor market is expected to grow from an estimated USD 12.41 Billion in 2018 to USD 28.51 Billion by 2023, at a CAGR of 18.10% during the forecast period. The market is set to witness significant growth due to the rising demand from railway sector and the increased demand for energy efficient motors. Moreover, the rising demand of electric vehicles offers promising business opportunity in the electric traction motor market.

Browse 61 market data Tables and 38 Figures spread through 129 Pages and in-depth TOC on "Electric Traction Motor Market by Type (AC and DC), Power Rating (<200 kW, 200 kW to 400 kW, and >400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region - Global Forecast to 2023"

AC segment is expected to be the largest electric traction motor market segment, by type, in 2018.
The AC segment is expected to be the largest segment of the electric traction motor market, by type, in 2018. AC electric traction motors are widely used in the electric vehicles and railway application to provide propulsion and higher torque. Advantages of AC motor, such as less maintenance compared to DC motor, better speed acceleration, and higher efficiency are the key drivers for the growth of the AC electric traction motor market.


The <200 kW segment accounts for the largest share of the electric traction motor market, by power rating, during the forecast period.

The <200 kW segment is expected to be the largest, by power rating, from 2018 to 2023. The factors driving the market for electric traction motors with a rated power <200 kW include vast implementation of these motors in electric vehicles and light rail vehicles such as trams, monorail, trolley lines, and street cars.

Asia Pacific: The largest electric traction motor market during the forecast period.

In this report, the electric traction motor market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is the largest electric traction motor market, by region, during the forecast period. Rising urbanization and proliferation of electrification, demand from the railway sector, and supportive government plans are expected to drive the market for electric traction motor in this region. China, India, and Japan are the leading countries contributing to the growth of the electric traction motor market in Asia Pacific.


To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electric traction motor market, such as CRRC (China), Alstom (France), TSA (Austria), Siemens (Germany), ABB (Switzerland), and Bosch (Germany).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Residential Energy Storage Market worth $4.30 billion by 2030

The global  Residential Energy Storage Market  is anticipated to grow from estimated USD 2.67 billion in 2024 to USD 4.30 billion by 2030,...