North America Engines Market to Capture Unparalleled Growth with A 4.52% CAGR Growth By 2023

The report "North America Engines Market by Type (Power Generation - Emergency & Standby, Prime Power, Peak Shaving & Marine - Recreational, Commercial), Power Rating (0-60 HP,61-100 HP,101-300 HP,301-500 HP,501-700 HP, above 700 HP), Country - Forecast to 2023", the North America engines market is projected to reach USD 3.7 billion by 2023, at a CAGR of 4.52% from an estimated USD 2.9 billion in 2018. Increase in number of power outages, growing demand for uninterrupted & reliable power supply for industrial applications, increasing demand for commercial vessels due to increase in seaborne trade, and high demand from power supply utilities to ensure proper functioning of data centers & IT facilities are likely to drive the North America engines market during the forecast period. Rise in demand for hybrid fuel engines is an opportunity for the North America engines market.

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Power generation engines segment, by type, is expected to hold the largest share of the North America Engines Market during the forecast period.

The North America Engines Market, by type, has been classified into power generation and marine applications. The power generation segment includes emergency & standby, prime power, peak shaving, and the marine segment includes recreational and commercial. Power outages and growing customer preference toward intermittent power supply, growing demand for natural gas and mobile engines are expected to drive the power generation North America Engines Market. The emergency & standby generators are the most attractive application due to numerous events hosted by the respective nations as well as grid maintenance activities.

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Above 700 HP segment of the North America Engines Market, by power rating, is expected to be the largest market during the forecast period.

Above 700 HP segment led the North America Engines Market in 2018 and is estimated to be the largest market during the forecast period. The main production growth is projected to come from natural gas units because of increase in shale gas production in the US and gas from oil sands in Canada. Increasing demand from the offshore and industrial applications in the US and Canada is expected to drive the above 700 HP segment during the forecast period. The above 700 HP segment is projected to experience a slower growth during the forecast period due to investments uncertainties in the oil & gas industry.

US: The leading North America Engines Market

In this report, the North America Engines Market has been analyzed with respect to 2 countries—the US and Canada. The US led the North America Engines Market in 2018. Bi-fuel generators offer advantages of both gas generators and diesel generators and improve the reliability of standby power system. Most of the time, bi-fuel generators run on gas but in case of emergency, it can run on 100% diesel also.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the North America Engines Market. The key players include Cummins (US), Caterpillar (US), Wärtsilä (Finland), Rolls-Royce (UK), John Deere (US), Yanmar (Japan), and Mitsubishi Heavy Industries (Japan).

The leading players are adopting various strategies to increase their share in the North America Engines Market. New product launches was one of the key strategies adopted by the players to strengthen their presence and offerings in North America.

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Micro Turbines Market 2017 Strategy Resources, Manufacturers, Growth Factor, Share, Supply and Forecast to 2022

The global micro turbines market is projected to grow at a CAGR of 9.46%, from 2017 to 2022. This market growth is primarily driven by the growing adoption of distributed power generation which is power generation that is independent of the electrical grid. The frequent power blackouts due to increased loads on electrical grids have resulted in the rise of distributed power generation, thereby, driving the micro turbines market.

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North America will continue to be the largest market for micro turbines followed by Europe during the forecast period. The global market is dominated by a few players including Capstone Turbine (US), Ansaldo Energia (Italy), FlexEnergy (US), MTT (Netherlands), and Toyota Turbine and Systems (Japan).

The major growth strategies adopted by the key players in the micro turbines market include new product launches and contracts & agreements, which was the most adopted strategy between 2014 and September 2017. Industry players also adopted mergers & acquisitions between 2014 and September 2017.

Capstone Turbines is a leading manufacturer of clean and green micro turbines. The company offers a complete set of micro turbine solutions from 30 kW to 1 MW of electric power output. The company is mainly involved in the development, manufacturing, marketing, and provision of services related to micro turbine technology. Capstone’s micro turbine technology solutions are used in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), combined cooling, heat and power (CCHP), and renewable energy, natural resources and critical power supply. Capstone also remanufactures micro turbine engines and provides aftermarket parts and services for the same. The company markets and sells its products internationally, mainly through distributors and original equipment manufacturers. The company adopted contracts & agreements as one of its key growth strategies to maintain its market position. In September 2017, the company executed a 5-year agreement with a large greenhouse operation in Colorado, US. The firm would be installing multiple propane-fired C65 micro turbines to provide electricity for the Colorado greenhouse.

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FlexEnergy is one of the leading manufacturers of robust small gas turbines and turbine generators. The company provides micro turbines through its Flex leasing segment. These micro turbines are more suitable for remote oilfield environments. The company acquired the Energy Systems division of Ingersoll-Rand (US) in 2010, which included the MT250 Series micro turbine. FlexEnergy has organized its products and services into 2 segments, Flex turbine, and leasing. The GT250 and GT333S micro turbines fall under the leasing/rental segment. The company has partnerships with firms such as Quad Energy, Inc. (US), Argo Energy Solutions (Mexico), Baxter Engineering Ltd. (Italy), and Pt Fajar Mas Murni (Indonesia). The company adopted contracts & agreements as its key strategy. In June 2016, FlexEnergy received an order for 3 GT333S natural gas micro turbine generators for a New York hospital through its distributor for New York, Quad Energy.

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Portable Generator Market by Power Plant Control System Market 2018 Strategy Resources, Manufacturers, Growth Factor, Share, Supply and Forecast to 2023

According to the new market research report "Portable Generator Market by Fuel Type (Gasoline, Diesel, Gas), Application (Emergency, Continuous), Power Rating (<5 kW, 5–10 kW, > 10 kW), End-User (Residential, Commercial, Industrial), and Region - Global Forecast to 2022", the global portable generator market is projected to grow at a CAGR of 3.66% from 2017 to 2022. The global portable generator market is estimated to reach USD 1.91 billion, which is projected to reach USD 2.28 billion by 2022. The North American market is estimated to be the largest for portable generators, followed by Asia Pacific in 2017. This trend is expected to continue till 2022. The growth of the portable generator market is driven by the increase in demand for uninterrupted and reliable power supply.

The portable generator market is dominated by a few major players that have a wide regional presence and are established brand names. Honda (Japan), Briggs & Stratton (US), Kohler (US), Generac (US), and Yamaha (Japan) are the leading players in the portable generator market.

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Major strategies adopted by the players include new product launches and expansions and investments. New product launches was the most commonly adopted strategy from 2014 to February 2017. The key integrated portable generator players include Honda (Japan) and Briggs & Stratton (US). 

Honda, as it is popularly known, is a Japanese conglomerate and manufactures automobiles, engines, power equipment, aircraft, robots, and motorcycles. The company has a global presence and operates in four segments, namely, the motorcycle business, the automobile business, power products and other businesses, and the financial services business. The power products and others segment consist of general purpose engines, generators, tillers, lawnmowers, snow throwers, and others. The company mainly focuses on new product launches as its key strategy. In 2017, the company launched the new EM10000 generator which delivers 9,000W/240 AC suitable for worksites and farms. The new generator has features such as liquid crystal screen, hour meter, output voltmeter, battery voltmeter, and error coding.

Target Audience:

·         Portable generator manufacturing companies

·         Manufacturers associations

·         Petrol and diesel engine manufacturers

·         Suppliers of parts and components for engines and generators

·         Institutional investors

·         Government and research organizations

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Briggs & Stratton is one of the largest manufacturers and engine designers of outdoor power equipment. The company operates in two segments, namely, engines and products. The product segment of the company provides portable and standby generators, pressure washers, lawn and garden power equipment, turf care products, and many more. The company manufactures gasoline engines for power products such as lawn mowers, snow blowers, pressure washers, portable gasoline generators, and construction equipment. New product launches is one of the common strategies adopted by the company. For instance, in January 2017, Briggs and Stratton launched Bluetooth enabled portable generators. The company offers 8,000 Watt Elite series portable generators with StatStation for monitoring the comfort of offices and homes.

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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