Rapidly Increasing Commercial-Industrial Technology Demand to be Critical in Mid-range Generators Market
The focus of this research service is to analyze the drivers and restraints that affect the growth of the North American diesel generator set market. Each year, thousands of people in the North American region purchase electric generator sets to protect themselves, their families, and their businesses in the likely event of a power failure. The set-based generator as the core business of this tendency has now moved from the novelty stage to a powerful solution.
The researchers valued the North American Diesel generator set market at $2.01 billion in 2017. Factors including increased awareness among customers, higher power demand, the low total cost of ownership, and operational benefits of diesel generators are likely to drive the demand for generator sets during the next 5 years. Furthermore, the degree of competitiveness is increasing as the participants are trying to get a stronger foothold in the market. The study also addresses current and future market opportunities in the United States and Canada, as well as the challenges faced by industry participants in a rapidly changing environment.
Key Issues Addressed
- Is the market growing, and at what rate? What is the anticipated growth between 2017 and 2022?
- Is there any development with the products/segments offered today? What is the general purchasing criteria/ attributes that a customer considers while buying a diesel generator of his choice?
- Are the generator sets offered today meeting customers’ needs, or is additional development needed? What is the customer interest in considering a diesel generator as the next purchase?
- How is the customer perception of diesel generators changing? What is the impact of the EPA emission regulations on such perception?
- How has the awareness level of Tier 4 regulations improved over the last few years? How has the switching behavior changed over a period of years?
- Are competitors structured correctly to meet customer needs?
- Are the vendors in the space ready to go for it alone, or do they need partnerships to take their business to the next level?
