Generator and light tower manufacturer Generac Power Systems was named 2014 Natural Gas Generator Company of the Year by Frost & Sullivan for its contribution to the North American natural gas generator set industry.
Recipients of the award are selected based on their demonstration of excellent in growth, innovation and leadership. According to Frost & Sullivan chairman David Frigstad: “Businesses that receive the Company of the Year Award have a keen eye to the future and drive innovation that meets future needs before they become commonly visible, thereby often being first to market with new solutions.”
Generac received the award for its continuous performance in identifying untapped needs in the market and its ability to develop product solutions for residential, commercial, industrial and mobile applications that utilize natural gas. The award also noted Generac’s strategic business acquisitions for extending its long-term growth opportunities.
Frost & Sullivan highlighted Generac’s natural gas products, making gaseous-fueled generators more powerful and cost-effective. Natural gas units offer extended runtimes during power outages because there is no need to refuel.
Frost & Sullivan evaluates two key factors in determining the Company of the Year: visionary innovation and performance; and customer impact.