QYResearch: The global market for Power Generation Equipment is expected to reach about 12223.26 M USD by 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
www.qyresearch.com
Beijing Hengzhou Bozhi International Information Consulting Web: qyresearchglobal.com | qyresearcheurope.com | qyresearch.com | qyresearch.com/english | qyresearchjapan.com TEL:+86-13660489419, Office:+86-2086655165 Media: press@qyresearch.com Marketing: sales@qyresearch.com Facebook: @QYResearchOfficial, Twitter: @QYResearch_ Wechat Official Account: QYResearch, Weibo: 恒州博智
www.qyresearch.com
QYResearch Power Generation Equipment is useful appliances that supply electrical power during a power outage and prevent discontinuity of daily activities or disruption of business operations. Power Generation Equipment is available in different electrical and physical configurations for use in different applications.
www.qyresearch.com
QYResearch In the coming years there is an increasing demand for Power Generation Equipment in the regions of US and Europe that is expected to drive the market for more advanced Power Generation Equipment. Growth in government budgets in the principal countries, increasing of residential fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Power Generation Equipment will drive growth in China markets. Globally, the Power Generation Equipment industry market is low concentrated as the manufacturing technology of Power Generation Equipment is relatively matures than some hightech equipment. And some enterprises, like Caterpillar, Cummins Power Systems, Generac, Honda Power, etc. are well-known for the wonderful performance of their Power Generation Equipment and related services. At the same time, China, occupied 52.34% production market share in 2016, is remarkable in the global Power Generation Equipment industry because of their market share and lowing cost of raw material and labor.
www.qyresearch.com
QYResearch The consumption volume of Power Generation Equipment is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Power Generation Equipment industry may not keep that fast. But it is surely forecasted that the market of Power Generation Equipment is still promising. According to QYResearch, The global market for Power Generation Equipment is expected to reach about 12223.26 M USD by 2022 from 9832.74 M USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 3.69% during the analysis period, 2012-2022. The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials. The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer. www.qyresearch.com www.qyresearch.com
QYResearch
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Power Generation Equipment market to approach these areas. QYR analysis of the Power Generation Equipment market indicated that North America would account for the highest sales in 2022 with close to 30 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks. www.qyresearch.com www.qyresearch.com
Although the market competition of Power Generation Equipment is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Power Generation Equipment and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
QYResearch
www.qyresearch.com