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Follow on Google News | Residential Generators, 2nd Edition - U.S. Market and World Data-Aarkstore EnterpriseAarkstore announce a new report "Residential Generators, 2nd Edition - U.S. Market and World Data " through its vast collection of market reserach report.
Driven by population and income growth, increasing urbanization and electrification and an increasing dependence on electrical appliances and devices, global residential electric consumption continues to grow. Further, residential demand for electricity in developing nations has grown by over 40% since 2000. However, the generation and supply of electricity in many of these nations has not kept pace. More than eighty countries around the world, including major economies such as India and China, are currently experiencing significant, long-term energy shortages. In 2009, nearly 9.3 million generators were sold globally for residential applications. Supported by a recovery in the global economy, worldwide residential engine-generator unit sales are expected to grow by 7% per year to nearly 13 million units in 2014. Concurrently, the U.S. market for residential gensets is expected to continue to benefit from consumer desire to insure against utility power failure resulting from an aging infrastructure and increasing climate-related events and approach $1.2 billion in 2014. For more information please visit: http://www.aarkstore.com/ PH.NO. 919272852585 # # # Aarkstore Enterprise specializes in providing business information on market research reports, books, magazines, conference at competitive prices, and strive to provide excellent and innovative service to our customers. End
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