Alternative energy steps up

The report, Global Industrial Gas Generator Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global industrial gas generator market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The report predicts that the global industrial gas generator market will grow at a CAGR of 7.6% during the period 2014-2019.

According to the report, repeated power outages caused by destructive natural events or faults in electric networks increase the need for supplementary power sources. Several industrial consumers are increasingly relying on standby generators as their auxiliary power source because of increased frequency of power outages. Power outages have become more recurrent worldwide because of earthquakes, storms, and floods. Power grid instability disrupts continuous power supply.

Further, the report states that many international vendors in the market are striving to compete with low-cost regional vendors in developing countries. The vendors in the global industrial gas generator market are facing a price war, which is one of the major challenges.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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