Generator Sales Market to Grow at 5.41% CAGR to 2023

PUNE, India, February 19, 2018 /PRNewswire/ --

ReportsnReports.com adds Generator Sales Market is forecast to reach $27.24 billion by 2023 from $20.93 billion in 2018 at a CAGR of 5.41% during (2018-2023) driven by the growing demand for uninterrupted and reliable power supply as some of the best power grids are also subject to downtime, the growth of healthcare infrastructure, rising demand for IT infrastructure management and rapid urbanization in developing countries.

Browse 80 Market Data 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" http://www.reportsnreports.com/reports/344065-generator-sales-market-by-type-diesel-and-gas-by-power-range-0-100100-350350-750kva-and-above-by-end-user-industrial-commercial-residential-and-others-by-region-global-trends-forecasts-to-2019.html .

For an in-depth understanding of the competitive landscape, the generator sales market report includes the profiles of some of the top players. These include Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US). These players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

The generator sales market in Asia-Pacific is expected to grow at the highest CAGR from 2018 to 2023. Asia Pacific is currently the largest market for generators sales, followed by North America and the Middle East & Africa. China accounted for the maximum share of the market in Asia Pacific in 2017. India is projected to grow at the highest CAGR, from 2018 to 2023. Growth of the industrial and commercial sectors in countries such as China, India, South Korea, Bangladesh, and Taiwan is expected to drive the generator sales market in Asia Pacific.

Inquire for DISCOUNT 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" research report at http://www.reportsnreports.com/contacts/discount.aspx?name=344065 .

The industrial segment in the generator sales market is expected to grow at the highest CAGR from 2018 to 2023. The segment includes the utility/power generation, oil & gas, and other industries such as mining, marine, chemicals, military, and manufacturing. Growth of the industrial sector in Asia Pacific and the Middle East & Africa is expected to drive the generator sales market.