DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Diesel and Gas Generator Market in the US 2012-2016" report to their offering.
TechNavio's analysts forecast the Diesel and Gas Generator market in the US to grow at a CAGR of 3.1 percent for the period 2012-2016. One of the key factors contributing to this market growth is the increasing energy deficit in the US. The Diesel and Gas Generator market in the US has also been witnessing development of next-generation generators. However, increasing threat from alternative energy production could pose a challenge to the growth of this market.
Other vendors mentioned in the report: Detroit Tools, ABB Ltd., GE Co., Kohler Co., Mitsubishi Heavy Industries Ltd., and Siemens AG.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''The Diesel and Gas Generators market vendors are developing next-generation generators. Vendors are trying to differentiate their products by developing advanced generators to create a competitive edge for themselves in the market. For instance, a few vendors are developing generators with comprehensive control and monitoring systems, which can improve the overall efficiency of the generators. In addition, vendors are trying to offer user-friendly generators where end-users need not have any technical knowledge to operate the generators.''
According to the report, one of the major drivers in the market is the increasing energy deficit in the US. The gap between demand for and supply of energy is widening, giving rise to the need for power generators in the US. Many residential users, industrial users, and commercial users depend on generators for uninterrupted power supply. In particular, the market is experiencing huge demand for low power range generators in the US.
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