Analysis on Impact of COVID19 on Electric Generators Market 2020–2024 | Demand for Uninterrupted Power Supply to Boost Growth | Technavio
Technavio has been monitoring the electric generators market and it is poised to grow by USD 7.46 billion during 2020–2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Briggs & Stratton Corp., Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Greaves Cotton Ltd., Honda Motor Co. Ltd., Multiquip Inc., Siemens AG, and Wacker Neuson SE are some of the major market participants. The demand for uninterrupted power supply will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand for uninterrupted power supply has been instrumental in driving the growth of the market.
Electric Generators Market 2020–2024: Segmentation
Electric Generators Market is segmented as below:
- Type
- Diesel
- Gasoline
- Others
- Geography
- APAC
- Europe
- North America
- South America
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Electric Generators Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our electric generators market report covers the following areas:
- Electric Generators Market Size
- Electric Generators Market Trends
- Electric Generators Market Industry Analysis
This study identifies focus on technological advances as one of the prime reasons driving the electric generators market growth during the next few years.
Electric Generators Market 2020–2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the electric generators market, including some of the vendors such as ABB Ltd., Briggs & Stratton Corp., Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Greaves Cotton Ltd., Honda Motor Co. Ltd., Multiquip Inc., Siemens AG, and Wacker Neuson SE. Backed with competitive intelligence and benchmarking, our research reports on the electric generators market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
