Advanced Gas Generators Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
As a part of sustainable development several market players are focusing on development of advanced gas generators. Advanced gas generators provide extra functionalities and features over conventional generators. For an example, it includes comprehensive control as well as monitoring systems which helps in improving overall efficiency. Additionally, these equipments are environmental friendly as it utilizes technologies such as automatic voltage regulation and electronic governors. These technologies not only regulate and control the speed of engine but also saves fuel gas hence, reduces the operating costs.
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Advanced gas generators have demand from various end-user industries such as industrial, residential, commercial and others. However, owing to their advanced features and automation, advanced gas generators are expected to witness a significant demand from North America as well as Europe. Similarly, growing industrialization and raising population are expected to create huge demand for advanced gas generators in Asia Pacific and RoW.
One of the major factors driving this market is increasing dependence on electronic goods such as air conditioners and refrigerators. Moreover, it is expected that in future advanced gas generators will be incorporated with features that will allow users to operate and monitor them through internet. However, high equipment costs in present situation may impact market in developing countries.
Cummins Inc., Eaton Corp., Eastern Tools & Equipment, Briggs & Stratton Power Products Group LLC, General Electric Company, Generac Power Systems Inc., Honda Motor Co. Inc., Carrier Corporation and Baldor Electric Company are some...