Hurricane Dorian Highlights The Growing Market Of Generating Sets



[ad_1]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Hurricane Dorian & nbsp;consolidated& nbsp; to a & nbsp;killer storm category 5& nbsp; early Sunday, sending Americans who were preparing to celebrate Labor Day. "data-reactid =" 15 "> Hurricane Dorian strengthened on Sunday in a deadly Category 5 storm, and Americans preparing to prepare for Labor Day holiday.

He is currently suffering maximum sustained winds of 160 when he hits the Bahamas. Dorian is expected to land in the United States by Wednesday. While the current storm suggests Florida's absence, the Carolinas could be threatened – and these citizens are looking for ways to protect themselves.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Thanks to weather events such as Dorian, the & nbsp global;industrial genset market& nbsp; is in high demand. According to the latest research published by & nbsp; it is expected to increase its share of 200,000 units by 2025.Market Research Report. "Data-reactid =" 17 "> Thanks to weather events such as Dorian, the global market for industrial power generators is in high demand and is expected to increase by 200,000 units by 2025, according to the latest published research. compared to market research.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" What we usually see is people who execute them. [back-up generators] up to two weeks, maybe even longer, "Generac Power Systems (GNRC) CEO Aaron Jagdfeld told & nbsp;Yahoo finance& nbsp; during a recent interview. "data-reactid =" 18 ">" We generally find that [back-up generators] Aaron Jagdfeld, CEO of Generac Power Systems (GNRC), told Yahoo Finance in a recent interview.

Farah and Max Cicardini fill sandbags at the Big Easy Casino's car park on Friday, August 30, 2019 in Hallandale Beach, Florida as they prepare for Hurricane Dorian.

"With Puerto Rico and Hurricane Maria last year, we had people who operated our products for more than six months, but that's an extreme case," he said, adding that power outages that affect an average household usually last a few days.

"Having such a product makes all the difference for you to stay at home or to be safe," said the CEO.

"We are all so dependent on a constant source of electricity today that living in your home without electricity is really untenable," he added.

"Hard to ignore" the impact of climate change

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Generac Power Systems& nbsp; is up about 56% since the beginning of the year – a recovery of stocks fueled by natural disasters. Jagdfeld attributed the rising of Mother Nature's anger to climate change. "Data-reactid =" 34 "> Generac Power Systems has grown about 56% since the beginning of the year, a stock market recovery fueled by natural disasters.Jagdfeld attributed this rise in the wrath of Mother Nature according to climate change.

"Temperatures are rising and many of these increases in temperature are manifested by warmer water temperatures, warmer air temperatures – you experience more extreme weather conditions as a result," he explained.

Jagdfeld said: "About 70% of power outages are caused by harsh weather conditions. As a result, as weather conditions become more severe, you will have more breakdowns. "So many homes and businesses have decided they need a backup plan."

But in the end, the executive reiterated that it all boiled down to being prepared.

"I think this is an event like [2005’s Hurricane] Katrina or any other major storm like Dorian teaches us about things that happened in the past – preparing for any weather event is extremely important, "he warned.

"The more time you have to react, the more time you have to plan and, in particular, to evacuate," said Jagdfeld. "Observe these warnings because I think the best way to protect yourself and your family is not to hurt yourself."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Alexandra Canal is a producer at Yahoo Finance."data-reactid =" 40 ">Alexandra Canal is a producer at Yahoo Finance.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more:"data-reactid =" 41 ">Read more:

[ad_2]

Source link