The demand for industrial generators is growing.
The global diesel generator market is set to increase by nearly $4 billion through 2020. Meanwhile, the natural gas generator market will reach almost $10 billion by 2018.
The industrial sector is responsible for most of the growth. In fact, it commands more than 50% of the diesel generator market share.
However, due to growing demand, it can be hard to find affordable generators in a timely manner. Fortunately, used generators provide additional budget-friendly options for buyers.
This article will look at the top 3 reasons to buy a pre-owned or surplus generator. Keep reading to find out why a new generator set is not always the best investment.
1. They Offer Cost Savings
A used industrial generator set will obviously cost you less than a new one. In some cases, you may even end up saving almost 50% on your order. But just because you’re paying less doesn’t mean you’re sacrificing quality.
Many used generators actually operate just as well as their newer counterparts. You can find plenty of low-hour used industrial generators with only a few hundred hours of use.
Some buyers opt for new generators because they seek the security that comes with a warranty. Keep in mind, however, that a manufacturer’s warranty usually only covers 1-2 years. Plus, dependable resellers offer warranty coverage for used sets too.
2. They Are Readily Available
One common issue with new generators is the duration of the order fulfillment process. Often, you must wait until the right model is in stock again. This issue is more noticeable with bigger models, which take longer to build.
On the other hand, pre-owned generators are always in stock. This means you never have to worry about waiting too long to get what you need.
While this benefit doesn’t seem like much, it can help you avoid unnecessary downtime. Also, in cases where you need a generator as soon as possible, you might not have much of a choice.
3. Surplus Units Offer Maximum Value
New generators are costly investments however, surplus equipment is often available at a much lower price. This is due to manufacturers building more units than they can sell, a result of large cancelled orders.
Because manufacturers sometimes inaccurately project the marketplace, the costs of surplus generators drop drastically. When there is a large supply of generators and the demand is low manufacturers adjust pricing accordingly to ensure sales.
Surplus generators may be difficult to find at times but when available they offer better value, low-hours, and are priced to sell in competition with new manufacturers.
Final Thoughts on Used and Surplus Generators
Used and surplus generators are generally more cost-effective than new ones. You don’t have to worry about limited availability with used sets, and you can get a better value with a surplus generator purchase.
If you have a limited budget for a generator, consider a used unit over a high priced new model unit or search for surplus generators which offer maximum value.
Make sure to check our inventory if you’re in need of a high-quality used generator. Filter results by fuel type, make, model, and power specs to find what you need, or contact us so we can help!
