Key growth areas to watch are India and China, with India growing from $1.2 billion to $2.54 billion by 2020 and China growing from $2.4 billion to nearly $5.5 billion by 2020.
According to an article in Forbes in late August following the report, "The projected market growth will likely benefit major industrial equipment vendors like Caterpillar (NYSE:CAT ) and Cummins (NYSE:CMI ) with a strong position in the distributed power space. But smaller companies like Scotland’s Aggreko with experience working in developing countries will also benefit.”
Briggs & Stratton Corporation (NYSE: BGG), with its wholly owned subsidiary that is North America's number one marketer of portable generators is also poised to benefit in the industry growth. The Company just released a news and media alert September 3rd entitled, "Portable, Standby Generators Play Powerful Role in National Preparedness Month."
As the market grows, energy efficiency and the role of renewable energy in the mix will also be key. From solar to fuel cells, new technology that represents a greener alternative will take a leading role.
Pike Research says that the current period of product development will lead to commercialization for portable fuel cells at an increasingly larger scale beginning in the 2015 timeframe.
A smaller player in the sector, Powerdyne International Inc. (OTCBB:PWDY) is aiming to meet greener standards while still being able to utilize traditional fuels. The company recently announced that it is expanding its reach in the renewable energy market through strategic relationships such as the recently formed agreement with Turning Mill Energy, of Sandwich, Massachusetts, a solar and wind company’.
The Powerdyne Genset uses a completely different type of engine that is small, powerful, light weight, portable, air cooled, runs on almost any gaseous fuel, environmentally green, and is easily maintained and serviced.
Dale Euga, President of Powerdyne International, Inc., stated, "Our companies will work together to offer large electrical users independent power generation, on-site. This lowers the user's cost of electricity without incurring expensive capital equipment costs."
Mr. Euga noted that, "The need for distributed electricity, using integrated and balanced technologies, is the key to continuing worldwide commercial growth."
Forbes article - http://www.forbes.com/sites/williampentland/2013/08/08/generator-demand-goes-gangbusters/
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