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Natural gas based steam boiler market to garner substantial proceeds by 2025, escalating sales of condensing boilers to drive the technology landscape

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The rising number of investments in the development and expansion of manufacturing facilities is touted to propel the global steam boiler market. A majority of governments worldwide are increasingly reorienting their focus towards the overall expansion of their key economic sectors in conjunction with some of the world’s leading financial institutions, including bigwigs like the World Bank and the Asian Development Bank.

U.S. Steam Boiler Market Size, By Technology, 2018 & 2025 (USD Million)
U.S. Steam Boiler Market Size, By Technology, 2018 & 2025 (USD Million)

The expansion of the manufacturing sector though, is liable to come at the cost of the environment – a major factor that most governments have been taking note of, and have accordingly been enforcing strict regulations on the design and deployment of energy-driven components. The enforcement of a stringent regulatory spectrum is thus bound to bring forth a sizable shift in the steam boiler market outlook in the years ahead.

In fact, these regulations have already compelled prominent industry players to develop intelligent energy efficiency solutions with one of the most recent one being the MEC Optimize from Bosch, which is a smart digital efficiency assistant designed to help boiler operators & attendants to identify potential energy losses & recommend concrete countermeasures that effectively address the issue. MEC Optimize is already being used by Park & Bellheimer, which expects to save over €80,000 per year in energy costs through the upgrade.

Global steam boiler market | Impact of strict emission regulations on natural gas powered steam boiler sales

Strict government regulations that make the adoption of low-emission fuels mandatory and the increasing emphasis a number of industrial sectors have been stressing on to adhere to these regulations & sizably reduce their carbon footprint are two most pivotal factors responsible for driving the natural gas powered steam boiler industry in the years ahead.

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One instance of a strict emission regulation can be claimed to EU’s ambitious goal of reducing the region’s GHG emissions by as much as 40% by 2030 compared to the GHG levels of the 1990s. These regulations coupled with dropping natural gas prices and rising adoption of numerous sustainable technologies are expected to be responsible for driving the natural gas based steam boiler market in the years ahead. According to the Oxford University, the demand for natural gas across Europe started to pick up in 2015 and has continued to surge ever since; reaching the 548 billion cubic meters (bcm) mark in 2017, which was the highest level of natural gas demand over the previous seven years. This positive trend would prove to be significantly conducive for the growth of the natural gas powered steam boiler market size, which is slated to expand at a CAGR of 4% 2019-2025.

Global steam boiler market | Enhanced operating efficiencies to drive the sales of condensing steam boilers

The issues of sustainability & energy efficiency that have gripped myriad industrial sectors worldwide, are projected to be among the primary factors responsible for propelling the condensing steam boiler industry. In traditional steam boilers, the generated heat is passed on to a heat distribution system, and the combustion gases & water vapor generated during the process are discarded as waste. Condensing steam boilers are specifically designed to reduce this waste as they are capable of properly harnessing the evaporation energy and turning it into heat, giving them an added advantage over conventional steam boilers.

This capability not only makes condensing steam boilers an ideal option for organizations looking to reduce their carbon footprint & adhere to the increasing regulations, but also allows them to significantly enhance their operating efficiencies. With some industry players boasting of their products attaining efficiencies of up to 98%, the demand for this boiler is slated to continue increasing over the coming years. Attributing primarily to the efficiency factor, the condensing steam boiler market is expected to depict a CAGR of 5% over 2019-2025.

Driven by the projected rise in the demand for various steam boiler systems, pertaining to the technology and fuel deployed, the global steam boiler market is projected to attract substantial investments in the years ahead. In fact, a report by Global Market Insights, Inc., claims steam boiler market size to exceed the $19 billion renumeration mark by 2025.

Author NameAkshay Kedari

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Polymer-based surge arrester market to procure massive proceeds by 2025, U.S. to emerge as a prominent revenue pocket

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With rising efforts to curb power outages in emerging economies & the rapid implementation of T&D systems worldwide, surge arrester market has charted a course of immense growth in the last few years. The product is used to protect equipment from over-voltage transients in T&D systems caused by internal switching events or by lightning strikes. Rapid industrialization across emerging countries along with increasing power generation capacities to meet electricity demands have also complemented the industry landscape.

UK Surge Arrester Market Size, By Voltage, 2018 & 2025 (USD Million)

UK Surge Arrester Market Size, By Voltage, 2018 & 2025 (USD Million)

For instance, the average electricity consumption for households was estimated around 3,500 kWh in 2010, but has increased drastically in the last few years owing to rapid urbanization, facilitating the need of efficient overvoltage protection solutions to optimize the continuity of power services whilst ensuring personal safety and reduced immobilization costs.

How will the rising occurrences of lightning strikes amplify product adoption?

A lightning strike has the potential to destroy millions of home appliances across a power grid. It can also cause significant amount damage to T&D equipment like power transformers owing to the injection of around 120 million volts of added voltage into the system. Indeed, a lightning strike can cause a transformer to blow, knocking out power to thousands of people or even leading to cases of electrical fire outbreaks, particularly in dry environments.

According to the National Fire Protection Association (NFPA) reports, during 2007-2011, the U.S. local fire departments responded to around 22,600 fires caused by lightning per year – the fires caused damage to direct property of around $451 million annually. To counter such damages, power stations operators are increasingly installing surge arresters to protect customer’s home appliances and power station infrastructure, which will in turn supplement the expansion of the global surge arrester industry.

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High voltage products, as per estimates, are anticipated to record extensive sales in the years to come. The product’s increasing use across HVDC (high voltage direct current) lines to drive AC and DC applications requiring power inputs of over 1,100kV will fuel the product demand. Moreover, rising infrastructure development projects in emerging nations to meet residential and industrial demands will also propel high voltage surge arrester market size, slated to depict a CAGR of 6% over 2019-2025.

In 2017, India revealed plans to construct an 800-kV transmission line capable of offering power to over 80 million people in the country. The increasing adoption of FACTS (Flexible AC Transmission Systems) to increase the reliability of line networks along with improved measures to protect transmission & distribution equipment from overvoltage will also stimulate the industry growth.

Speaking of the material preference, it is imperative to mention that polymer-based surge arresters find exceptional applications across numerous sectors. Owing to the easy installation & handling, low operational & manufacturing cost, reliable performance in tough environments and superior breaking resistance under overload scenarios, polymer-based surge arrester industry is likely to depict an expansive growth graph in the years ahead. Growing investments to upgrade existing power transmission & distribution infrastructure will also propel the polymer-based surge arrester market size, which was pegged at around USD 600 million in 2018.

U.S. to emerge as a prominent revenue ground for surge arrester market

Rising energy demands along with the growing focus on upgrading existing substations to improve power reliability have been touted to expedite the U.S. surge arrester market in the coming years. With a massive rise in the cases of transformer failure due to absence of proper power protection devices, the demand for these products is bound to increase exponentially. Moreover, increasing cases of lightning strikes in states like Florida will also complement the industry landscape.

Reports claim that, on an average, lightning strikes the Florida Power & Light (FPL) service territory over 300,000 times in a year, delivering currents ranging from 10,000 – 200,000 amps, that can induce voltages exceeding a million volts. To tackle such high voltage spikes, FPL has adopted surge arresters as its primary defense solution. As per the INMR, an estimated 1,545,000 surge arresters find home on the FPL distribution system, signifying that the region is an apt revenue pocket for the growth of the surge arrester industry.

These exceptionally efficient systems, are massively used worldwide to protect electrical equipment and power system installations against internal switching events and lightning surges. Surge arresters can also directly divert overvoltage to the ground to protect the equipment from damage. Considering their exponential demand graph, it wouldn’t be incorrect to state that the global surge arrester market size of bound to increase by the day, with a target revenue estimation of $2 billion by 2025.

Author NameMateen Dalal

China heat exchanger market to witness accelerated growth over 2019-2025, escalating EV production to characterize the regional industry landscape

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The global heat exchanger market has depicted commendable expansion over the past few years with profound applications in residential and industrial heating and cooling systems. The device can effectively transfer heat between two or more fluids and is widely used in diverse applications like in refrigerators, solar water heaters, space heating systems, in petroleum & chemical plants and more. Thanks to rapid technological advancements in heat exchanger systems, the product’s size has scaled down considerably in recent years, allowing its use in critical medical equipment like artificial heart-lung machine and other design specific tools.

U.S. Heat Exchangers Market Size, By Technology, 2018 & 2025 (USD Million)
U.S. Heat Exchangers Market Size, By Technology, 2018 & 2025 (USD Million)

For instance, in March 2019, BPHE (brazed plate heat exchanger) provider, SWEP International unveiled its AsyMatrix BPHE design technology which improves heat transfer while reducing pressure drop and refrigerant charge. The company also attained a breakthrough in compactness with its air dryer incorporated with an integrated separator (ADWIS), one of the smallest air dryers available in the market integrated with a refrigerant heat exchanger. Advancements such as the aforementioned are certain to augment the product adoption over the coming years.

Rising solar water heating system adoption to boost the market growth

The expanding focus on reducing global CO2 emissions whilst cutting cost on electricity bills has led the residential and commercial sectors to adopt solar water heating systems. This zero-emission solution utilizes heat exchangers, usually made of copper due to its great thermal conductivity and higher resistance to corrosion, to transfer absorbed heat in solar collectors to the liquid or air to heat water or a space.

In an urbanized setting, the product adoption is primarily driven by a stringent regulatory landscape that focuses on reducing greenhouse gas emissions and increasing the proportion of renewable energy usage for all energy sources – including solar thermal applications. Reports from the International Energy Agency’s Solar Heating & Cooling Programme cite that the Chinese government expects to reach the target of 15% renewable energy consumption of total energy consumption by the end of 2020 – a feat that would entail solar energy applications to be a vital component.

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The proliferating adoption of electric vehicles to curb emissions across the globe has also been a driving factor for the growth of heat exchanger industry in recent years. Nowadays electric vehicles are equipped with liquid cooled plate heat exchangers to improve the battery life of an EV which suffers from premature degradation or aging due to heat generation during charging and discharging periods. The device is also used in cabin cooling systems and for cooling drive motors and electronic components in the electric vehicle.

The rising adoption of electric vehicles owing to their cost-efficient, zero-emission offering has led to upsurge in heat exchanger sales in recent years. Moreover, according to Edison Electric Institute (EEI) reports, renowned automotive giant BMW, Daimler, and Volkswagen have announced plans for EV sales targets in the range of 15%-25% by 2025. The increasing spectrum of commitments from pivotal automakers are certain to augment EV manufacturing, the consequence of which will be felt across the global heat exchanger market.

Speaking of EVs it is pivotal to mention that China is bound to emerge as one of the most lucrative heat exchangers markets worldwide. This can primarily be attributed to the increasing adoption of renewable energy sources and the expansive electric vehicle market in the region. The country is rapidly advancing in terms of EV production, with sales speculated to cross over 2 million in 2019, from 1.1 million in 2018. With rising technological developments incorporated in EVs and myriad government incentives, it is anticipated that EVs will take up a substantial proportion of the market share in China by 2025. With rising urbanization and increasing investments in solar water heater systems, China heat exchanger market is likely to experience a positive growth graph in the coming years.

A pivotal device that transfers heat from one medium to another, heat exchangers have found long-term applications across several industry sectors like automotive, chemical, oil & gas, HVAC and more. The product’s widespread application spectrum, especially in the EV sector will certainly push the market growth in the future. Reports from Global Market Insights, Inc., claim that the heat exchangers market size will exceed $13 billion by 2025.

Author NameMateen Dalal

How will the waste heat recovery system market outlook change over 2019-2025 with the enforcement of favorable regulations and legislative initiatives undertaken across diverse geographies?

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The waste heat recovery system market has shown immense potential lately, in light of the fact that authorities the world over are increasing their efforts in reversing the effects of global warming and therefore focusing on the use of renewable energy sources. For instance, the central government of India recently announced that cement plants, integrated steel plants, metallurgical industries, thermal power plants and other industries with potential to recover heat and that use waste heat recovery boilers without any auxiliary fuel do not require to get environmental clearance before setting up or expansion. The exemption is apparently to promote energy conservation and benefit industries given that they would be able to implement such energy conservations systems internally without having to go through a lengthy process of receiving environmental clearance.

China Waste Heat Recovery System Market, By Temperature, 2018 & 2025 (USD Million)
China Waste Heat Recovery System Market, By Temperature, 2018 & 2025 (USD Million)

Considering that India is a country where industrialization and urbanization have recorded some of the highest growth rate in the world, the move has been considered exceptionally optimal for the regional waste heat recovery system industry. As such initiatives continue to be undertaken by various countries looking to promote rapid industrialization, the waste heat recovery system market will undeniably receive massive stimulus.

The reason that waste heat recovery has received so much attention is because enhanced energy efficiency requirements pose a constant challenge for all industries and since price for traditional sources of energy are rising globally, there is an urgent need to reduce fuel bills to remain competitive. The general consensus on global warming says that if action is not taken now the situation may be irreversible as soon as 2020. The European Union 2020 energy package was designed to mean that EU meets its climate and energy targets for the year 2020 which included 20% cut in greenhouse gas emissions, 20% of EU energy from renewables and 20% improvement in energy efficiency. Actions that were taken to meet such goals are also partly responsible for the growth of the waste heat recovery system market.

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Legislative actions are possibly the most important actions taken that have the potential to drive the waste heat recovery system market as the government of any nation can add incentives or levy punitive taxes on industries for their use of energy and can therefore determine whether industries would be more responsible about the way they use their resources. For instance, the Chinese government recognizes the importance of industrial waste heat recovery and has amended the Energy Conservation Law of China in 2008 to boost adoption of waste heat utilization in industrial companies.

The importance of waste heat recovery has been recognized through various national legislations. For instance in 2008, Energy Conservation Law of China encouraged the adoption of waste heat utilization in industrial businesses while China’s Circular Economy Promotion Law mandated that companies need to comprehensively utilize waste gas by following national requirements. China’s 11th and 12th Five-Year Plans both emphasized waste heat utilization to be one of the Key Energy-Saving Projects, for the improvement of thermal energy efficiency in industrial boilers and furnaces as well as encouraging the adoption of waste heat to power generation technologies in energy-intensive industrial sectors.

Long term benefits of decarbonization and increasing energy efficiency of the industrial sector has also been recognized by the BEIS of UK that has launched an Industrial Heat Recovery Support Program to promote waste heat recovery. This could conveniently be one of the pivotal driving factors for the UK waste heat recovery system market which is expected to witness 7% CAGR over 2019-2025. The Industrial Heat Recovery Support Program aims at increasing industry confidence in the identification and investment in opportunities designed for recovering heat from industrial processes and increase the deployment of the technologies needed to do it in England and Wales. The program is expected to promote industrial energy bill savings of around £500 million and carbon savings of approximately 6 million tons over the course of its lifetime.

With such endeavors by governments in various nations becoming more supportive of renewable energy resources, the waste heat recovery system market is expected to gain greater traction in the years to come. As per reliable estimates, the global waste heat recovery system market is anticipated to surpass a valuation of $80 billion by 2025.

Author NameParoma Bhattacharya

Smart thermostat market to garner extensive momentum by 2025, U.S. to emerge as a prominent revenue ground

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The escalating development of sustainable codes and standards across residential and industrial buildings is bound to majorly propel the thermostat market growth. Not to mention, this industry has also been receiving momentum from the rapid advancements in heating and cooling technologies, that are being installed in most modern homes and buildings lately, to offer added comfort to residents, specifically in regions experiencing extreme cold or heat waves. Indeed, thermostats play a key role in the functioning of these systems as they offer efficient monitoring and control over temperature.

Japan Thermostat Market Size, By Product, 2018 & 2025 (USD Million)
Japan Thermostat Market Size, By Product, 2018 & 2025 (USD Million)

Advancements in energy-efficient temperature systems and smart home automation devices will thus positively influence the demand for this product, propelling thermostat industry growth. Another pivotal factor that would augment the market trends is the growing customer concern regarding climate change along with the rapid proliferation of IoT.

Speaking of the various products disrupting the market, it is prudent to mention smart thermostats – these are likely to gain mainstream attention in the years to come on account of the rising adoption of IoT and cloud technology along with their compatibility with various smart home assistants like Google Home & Amazon Echo. Coupled with a Wi-Fi module, a smart thermostat system can connect to the user’s home or office network to offer interface via the cloud, thereby allowing remote temperature control and monitoring over the unit.

The product also allows users to vary temperature parameters using a smart thermostat dedicated mobile app, and to collect useful insights regarding the device that would certainly improve the user’s quality of living. The product has seemingly found long-term application in heating and cooling appliances like HVAC, water heater systems and more, that has helped augment the smart thermostat industry growth.

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The residential sector is likely to emerge as a pivotal growth avenue for the global thermostat market in the ensuing years, driven by the rising implementation of energy-efficient small-scale heating and cooling systems. According to the U.S. Energy Information Administration (EIA) reports, in 2018, the use of electricity for space cooling in the residential sector was about 214 billion kWh, which is equal to about 15% of total residential sector electricity consumption and 5% of total U.S. electricity consumption. These figures can be appreciable lowered by adopting smart thermostats which help reduce energy consumption while increasing the efficiency of household products. The smart thermostat also regulates the temperature in buildings in a smarter way than conventional thermostats and further offers added savings in customers’ electric bills.

The increasing adoption of smart home automation systems has also led industry participants & core manufacturers to shift their focus toward the expansion and innovation of advanced devices. The development of advanced techniques, such as speech recognition, machine learning and motion detection, indicate lucrative opportunities for thermostat applications across the residential sector. The advent of cost-effective products coupled with growing investments toward smart homes will positively influence the overall thermostat industry trends.

One of the most remunerative markets for thermostat industry is the United States. Irrefutably, the regional market has been gaining momentum on account of the ever-rising expenditure toward infrastructure in tandem with the investments in renovation and refurbishment projects. As a matter of fact, the Building Technologies Office (BTO) estimated that over 70% of U.S. buildings, by the year 2035, will either be new ones or renovated by 2035. Powered by the growing number of renovation projects and the rising penetration of home automation systems, not to mention, the frequent occurrence of weather-related disasters, the U.S. thermostat market size will hit 24 million units in terms of volume by 2025.

Lately, smart thermostats have been found to come with Wi-Fi and cloud connectivity which delivers remote controlling features and data insights to users on mobile via an app. The product is mostly used for space heating and cooling controls, and is extremely ideal for central air conditioners & HVAC systems. Powered by the extensive deployment of smart home automation systems and the rising acceptance of advanced IoT solutions, the thermostat market size is expected to surpass $6 billion by 2025, according to Global Market Insights, Inc.

Author Name Mateen Dalal

U.S. commercial water heater market to accrue extensive proceeds from the North East central zone, escalating number of facility expansions to expedite the regional landscape over 2019-2025

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In an era encumbered with unpredictable weather conditions, the U.S. commercial water heater market has managed to chart out a lucrative growth map for itself, driven by the escalating product demand across freezing zones. These water heaters indeed, account for one of the topmost energy expenses in the commercial sector. These technologies also find use in cooling and dehumidification applications and possess the potential to minimize energy consumption, that has essentially been the mantra for energy companies and government bodies across the United States.

U.S. Commercial Water Heater Market Size, By Energy Source, 2018 & 2025 (USD Million)
 U.S. Commercial Water Heater Market Size, By Energy Source, 2018 & 2025 (USD Million)

One of the primary factors that’s driving the U.S commercial water heaters market is the collective adoption of renewable energies by several industries across the nation. The country’s latest push toward a 100% renewable future ‘Green New Deal’ also urges the government led efforts to focus more on the causes of climate change and to fund projects that will help communities fight its damaging effects. If the deal happens to pass, its successful implementation would call for the deployment of cleaner energy technologies, investments in energy innovations and access to low carbon energy technologies.

Robust sustainable energy deployment aside, the U.S. commercial water heater market has received rapid momentum from the massive expansion of manufacturing facilities in the region, given the extensive product installation across such units. With the U.S. service industry depicting substantial growth by the day, the number of manufacturing and production facilities in the country is only bound to escalate, which would prove rather beneficial for augmenting the U.S. commercial water heater market trends.

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Citing an instance validating the aforementioned fact, Chemesis International Inc., recently declared that it plans to add an extra 25,000 square feet of manufacturing in Cathedral City, California, which the company aims to complete by Q2 2019. The expansion is likely to demand the installation of several water heaters for industrial purposes, that would majorly contribute toward the growth of the U.S. commercial water heater industry.

Speaking of the regional landscape, it is pivotal to mention that the U.S. commercial water heater market will receive commendable traction from the East North Central zone comprising states such as Indiana, Ohio, Illinois, Wisconsin, and Michigan. This may be majorly attributed to the efforts of the regional government aiming to upscale the businesses across these zones, alongside the expansion of the existing businesses, specifically in the state of Michigan.

Citing an instance of how even companies have been striving to upsurge the potential of the regional commercial water heater market, Fiat Chrysler recently made it to the headlines for having announced that it plans to undertake a major manufacturing expansion in Detroit, converting the Mack Avenue Engine factory to an assembly plant for a new Jeep SUV and the next-gen Jeep Grand Cherokee. The plan, a part of a manufacturing expansion in southeast Michigan worth USD 4.5 billion, aims to add production at five factories in Detroit and nearly 6,500 new jobs. The expansion would generate substantial jobs and pave the way ahead for the installation of water heaters, thereby driving U.S. commercial water heater market from the North East Central zone.

According to the ENERGY STAR summary (water heater programs), 2018, the state of Illinois was known to have registered the maximum budget for water heater programs across the region – estimated to more than USD 10 million to USD 25 million. That said, the support from municipal utilities as well as small-scale cooperatives will also serve to impel U.S. commercial water heater industry share from the North east Central region.

Armed with a fierce competitive spectrum, spanning companies such as Haier Electronics, Rheem Manufacturing, Bradford White, Rinnai Corporation, Havells India Limited, General Electric Appliances, Bosch Thermotechnology, and A.O Smith, the U.S. commercial water heater market is all set for a major upheaval in the years ahead. As per estimates, the U.S. commercial water heater industry size is likely to surpass USD 750M by the year 2025.

Author NameKrithika Krishnan

U.S. gasoline gensets market to record commendable gains over 2019-2025, rising adoption of three-phase products to augment the global industry landscape

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The rising cases of weather-related blackouts along with the surging demand for efficient power backup solutions have fueled gasoline gensets market growth lately. High frequency winds, especially during seasonal storms, usually cause damage to electric utility systems, resulting in service interruptions to large numbers of electricity customers. Such power outages are primarily caused by trees falling on local electricity lines and poles which carry bulk power to long distances. In such scenarios, people tend to rely on backup generators such as portable gasoline gensets to power their commercial or residential electric needs. The product offers simpler installation & operation, affordable power, easier fuel availability, and high portability, factors that will certainly stimulate gasoline gensets industry in the coming years.

U.S. Gasoline Gensets Market Size, By End Use, 2018 & 2025 (USD Million)

U.S. Gasoline Gensets Market Size, By End Use, 2018 & 2025 (USD Million)

It is vital to mention that the residential sector accounted for over 50 percent of the gasoline genset market share in 2018. The product’s compact size and easy installation & maintenance makes it perfect for operating several household appliances or other power requirements during outages. Indeed, a gasoline genset over 1KW can effectively power household appliances like microwave ovens, toasters and other electrical cooking appliances, helping in meal preparation at times of prolonged outage scenarios. The product’s portability also makes it ideal for people camping in remote locations like forests lacking any means of electricity. Escalating severity of weather-related outages and intensifying utility power supply load along with growing consumer demand for backup power solutions will thus drive the gasoline gensets industry growth from residential applications in the years ahead.

Escalating consumer inclination toward buying high power compact gasoline gensets, especially with a power rating of 2kVA-3.5kVA and 3.5kVA-5kVA power rating, will be a major factor driving the industry growth. These units are attached with durable wheels for easier portability, offering users a lightweight, operational suitability, and compact backup solution for required power needs. The product will high power output can easily run several electrical appliances simultaneously for prolonged hours, encouraging their massive adoption.

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Three-phase products to augment the gasoline gensets industry trends

Three-phase gensets are generally installed across commercial environments and for industrial power applications for seamless power backup requirements. The product’s invariable power supply, high flexibility, and appreciable material efficiency feature helps maintain the mains voltage with high accuracy, thus allowing connection to equipments sensitive to voltage changes and spikes. Such generators also supply power to loads with the reactive component up to 65% of the nominal value.

The adoption of three-phase generators will thus help support commercial operations regardless of power outages, further helping avoid financial losses and meeting project deadlines particularly at construction sites. This would in consequence, massively expedite the product adoption, stimulating gasoline gensets industry growth.

Speaking of the regional spectrum, the United States is anticipated to evolve as one of the most significant geographical terrains for the gasoline gensets market. As a matter of fact, the U.S. gasoline gensets industry registered yearly sales of over 1.5 million units in 2018. The rapidly increasing intensity and frequency of weather-related disasters leading to long-lasting outages are expected to boost the product adoption in the region.

According to reports, around 87% of power outages are caused by severe weather in the U.S. affecting over 50,000 customers. The region has witnessed a dramatic increase in power outages in the past few years as Hurricane Sandy, Irene and other major storms had led to extensive damage to power utilities. To be prepared for such scenarios, the region has been increasingly adopting portable and compact gasoline gensets for homes and other establishments to power basic electricity requirements, thereby driving U.S. gasoline gensets industry growth.

Key industry players including Honda, Yamaha Motor, Cummins, Kirloskar, Kohler, Caterpillar, Atlas Copco, John Deere, amongst others, are operating across the global gasoline gensets market and are constantly seeking new technological advancements to offer better customer satisfaction. Companies are also seemingly trying to remain compliant with emission standards, thereby offering energy efficient units and extending their service & distribution networks to attain a competitive position in the gasoline gensets market.

Author NameMateen Dalal