A generator is a device that converts mechanical energy into electrical energy via an electric motor in an external circuit. Internal combustion engines, hand cranks, gas turbines, water turbines, and steam turbines produce different types of mechanical energy which can be converted into electrical energy through generators. The generators considered in this study are compact packages, which consist of internal combustion, alternators, and other accessories such as transfer switches, integrated power systems, paralleling systems, and remote monitoring systems.
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.
Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.