Power Disruptions in New York Fuel Demand for Generators during Coronavirus
The COVID-19 (coronavirus) crisis is continuously evolving in states of the U.S. Analysts at the Transparency Market Research opine that New York is expected to suffer power disruptions during the ongoing winter season. This situation is anticipated to exacerbate due to the high prevalence of COVID-19 cases. Such situations are creating incremental opportunities for companies in the U.S. residential generators market. However, issues in workforce management at production facilities and transportation hurdles are hampering market growth.
Companies in the U.S. residential generators market are adopting contingency plans to tide over uncertainties with volatile supply and demand. Since stakeholders in utilities and discoms are isolating important workers to ensure their safety, power disruptions are estimated to fuel demand for generators.
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Natural Gas Generators versus Diesel Generators: Which is Better?
The growing consumer acceptance toward natural gas generators is bolstering the U.S. residential generators market, which is predicted to clock a modest CAGR of 4.5% during the forecast period. Cost efficiency and reduced emissions are driving sales for natural gas generators. However, people do not prefer natural gas, since it is extremely explosive in nature and can lead to a fire hazard. Moreover, in many cases, consumers face lack of fuel as natural gas requires direct pipeline connection.
On the other hand, diesel generators ensure a steady power supply. Companies in the U.S. residential generators market are incorporating improved versions of diesel engines in systems. However, the high cost of diesel generators is inhibiting market growth. As such, its low maintenance cost makes up for the initial investment. In conclusion, manufacturers are strategically targeting generators toward customers according to their unique requirements.
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Multipurpose Use of Portable Generators Grabs Attention of Manufacturers and Customers
Portable generators are growing in popularity in the U.S. residential generators market. As such, the market is predicted to surpass the revenue of US$ 1.5 Bn by the end of 2030. Extreme weather events call for the demand for portable generators. Multipurpose use of portable generators such as for camping and barbeques is grabbing the attention of customers and companies alike.
Companies in the U.S. residential generators market are increasing the availability of cost efficient portable systems to gain a competitive edge. Online reviews on generators are building company credibility.
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Regulations Governing Exhaust Management Helps Manufacturers Avoid Compliance Issues
Standby and portable generators are some of the most preferred systems in urban areas of the U.S. Individuals willing to install generators outside of their homes are opting for standby systems, as they are capable of withstanding adverse weather conditions. Manufacturers are increasing their production capabilities to incorporate petrol, diesel, and CNG (Compressed Natural Gas)/LPG (Liquefied Petroleum Gas) fuel in standby systems.
Manufacturers in the U.S. residential generators market are increasing their R&D in exhaust management. This helps to ensure the safety of individuals living in the house as well as the environment. Thus, manufacturers are understanding different regulations governing exhaust management to avoid compliance issues.
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