Bharatbook.com added a new report on "Residential Generators, 2nd Edition U.S. Market and World Data" which gives Global market demand for residential generators, along with the key factors influencing this growth.
Online PR News – 09-January-2010 – – Residential Generators, 2nd Edition U.S. Market and World Data
Electricity is a basic necessity and is critical for the safety, comfort and convenience of modern households. Widespread use of electronics and information and communications technologies for entertainment and work by residential users has further increased the dependence on electricity. Homes reliant upon grid electricity often experience power failures due to disruptions caused by supply shortages, equipment failure or weather related outages. Residential users are increasingly investing in back-up or standby power generators to provide electricity during such events. ( http://www.bharatbook.com/detail.asp?id=129757&rt=Residential-Generators-2nd-Edition-US-Market-and-World-Data.html )
Driven by population and income growth, increasing urbanization and electrification and an increasing dependence on electrical appliances and devices, global residential electric consumption continues to grow. Further, residential demand for electricity in developing nations has grown by over 40% since 2000. However, the generation and supply of electricity in many of these nations has not kept pace. More than eighty countries around the world, including major economies such as India and China, are currently experiencing significant, long-term energy shortages.
In 2009, nearly 9.3 million generators were sold globally for residential applications. Supported by a recovery in the global economy, worldwide residential engine-generator unit sales are expected to grow by 7% per year to nearly 13 million units in 2014. Concurrently, the U.S. market for residential gensets is expected to continue to benefit from consumer desire to insure against utility power failure resulting from an aging infrastructure and increasing climate-related events and approach $1.2 billion in 2014.
Residential Generators, 2nd Edition - U.S. Market and World Data includes a broad review of the global market for residential generators. The report provides a discussion of residential generator products and technologies as well as technologies which compete with traditional combustion engine-driven gensets. Global market demand for residential generators is quantified and projections for growth in demand are provided, along with the key factors influencing this growth. The report also provides profiles of 10 residential generator manufacturers.
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