According to TechSci Research report, “North America Medium Speed Large Generators Market By Application, By Country,
Competition Forecast & Opportunities, 2013-2023”, the
medium speed large generators market in North America is forecast to reach $
155 million by 2023. Key factors that are expected to boost demand for medium
speed large generators in the region are increasing residential
construction investments, rising number of hotels & lodging properties and
growing per capita electricity consumption. Some of the
major players operating in North America medium speed large generators market
include Caterpillar Inc., Rolls Royce Power Systems AG and Wartsila Corporation.
Backed by its extensive distribution network and high product quality,
Caterpillar Inc. has been dominating the market.
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United States is the largest market for medium speed large generators
across the region, owing to increasing investments in oil & gas sector and
residential construction projects. Power generation is the major application
area for medium speed large generators in the North American market and is
expected to remain the primary application area through 2023. Increasing demand
for modular power plants and adoption of new technological solutions in
medium speed large generators manufacturing are expected to aid growth in North America
medium speed large generators market in the coming years.
“Growing investments in oil
& gas fields, increasing capacity of nuclear power reactors and rising
demand from marine operations are expected to aid the region’s medium speed
large generators market in the coming years. Additionally, use of IoT through a
Supervisory Control and Data Acquisition (SCADA) system for the complete
control of a medium speed large generator (MSLG) installed in remote locations
would also positively influence the market during the forecast period.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
Browse 36 market data Figures and Tables spread through 64 Pages and an
in-depth TOC on "North America Medium Speed Large Generators Market
"
“North America Medium Speed Large Generators
Market By Application, By Country, Competition Forecast & Opportunities,
2013-2023” has analyzed the potential of North America medium speed large
generators market, and provides information and statistics on market structure,
size, share and trends. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the market.
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