Growing North American Gen-Set Market

摘要

Wind. rain, wildfires, hurricanes, tornadoes, floods, earthquakes, heavy snowfalls, ice and falling trees are all potential causes of unpredictable and often prolonged power outages. Combine these more frequently occurring natural events with increased demand for electric power and unreliable grid infrastructure, and it is easy to understand why there is an increased demand for generator sets. A new study from the global research firm Frost and Sullivan, "Analysis of the North American Generator Set Market," found that the market earned revenues of $3.58 billion in 2013 and is estimated to reach $4.96 billion by 2018.