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The global sales market for generators is anticipated to increase from an estimated USD 23.7 billion in 2023 to USD 34.9 billion by 2030, representing a CAGR of 6.9%. Power generation capacity has increased significantly over the world to meet the rising Power Demand brought on by industrialization, urbanisation, and population development. Sales of generators are being driven by the necessity of having them on hand for use during power outages and to keep businesses running smoothly. Rural areas, isolated construction sites, and mining operations are just a few examples of places that may not have access to consistent grid power. In such a scenario, generators would be the primary source of electricity.
The extraordinary acceleration of industrialisation has resulted in a rise in the need for electricity. Generators or gensets are essential in residential, commercial, and industrial settings due to the need for uninterrupted power demand and peak and continuous power requirement. Gensets are machines that transform mechanical energy into electricity. To generate and regulate electricity, gensets consist of a number of subassemblies, including an engine, fuel system, alternator, main assembly, cooling and exhaust system, and others. Factors including industrialisation and urbanisation, rising demand for power backup systems, lengthy power outages during peak hours, and the necessity of uninterrupted power supply are driving growth in the global generator sales industry. For example, the oil and gas industry requires electricity to operate effectively throughout the entire value chain. That's why they need powerful generators, which can keep up with electricity needs even during blackouts and load shedding. Siemens' wide selection of generators can provide up to 5 MW of power. Along with this, business buildings need massive generator sets to ensure constant power. Sales of generators correlate with rising demand for electricity on any size.
Markets for selling generators are broken down by type, fuel, portability, end use, and geography. The market can be broken down even further by type into the submarkets of continuous, standby, and peak shave. As the need for constant, reliable power grows, the continuous segment has a significant advantage. Diesel and natural gas fuel types separate these two global markets. Diesel generators have a big market share since they can provide a lot of electricity and diesel fuel is cheap and readily available. Over the predicted period, however, gas generators are expected to outsell diesel generators due to their lower environmental impact and rising diesel prices. The market for selling generators is split into two categories: stationary and portable. As the demand for short-term projects rises and the generator rental business strengthens, portable generators are predicted to attract more clients. The market can be broken down into three different sections: residential, commercial, and industrial. As the industrial sector in developing countries expands, the industrial segment benefits by holding the highest market share.
The importance of generators cannot be overstated in regions prone to frequent blackouts. The majority of the world's population still doesn't have reliable access to electrical networks since they are concentrated in rural areas. In June 2022, for instance, the World Bank estimated that only about 91% of the world's population will have access to electricity by the year 2020. Thus, due to increased urbanisation, the demand for generators has skyrocketed globally due to the requirement for a steady and stable power supply. Multiple business spheres rely on generators to function normally.
Sales of generators have been one of the main beneficiaries of the expanding manufacturing industry. Industrial and manufacturing enterprises rely largely on a reliable source of electricity to run their machinery, equipment, and assembly lines. Significant costs, downtime, and lost productivity can come from any kind of grid disruption. When the main power is down or the grid is unstable, a generator can kick in and keep things running smoothly. Diesel generators' high operational costs, driven mostly by rising fuel prices, have been a drag on the generator sales market. Businesses and industries who rely on diesel generators for backup power have found that the rising price of fuel presents a hurdle. Diesel generator sales have been affected by the recent increase in fuel prices, which has raised questions about their long-term viability. Fuel prices have increased as a result of fluctuations in the price of crude oil on the worldwide market, as well as other geopolitical variables and supply-demand mismatches. Businesses that rely on generators for 24/7 electricity have a high variable cost in operating costs due to the wide range in price of diesel fuel between regions and nations.
Report Coverage
Global Generator Sales research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Generator Sales report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Generator Sales competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Generator Sales market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Generator Sales market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Generator Sales market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Caterpillar (US), Cummins (US), Rolls-Royce Holdings (UK), Weichai Group (China), Kohler Co. (US), Atlas Copco (Sweden), Denyo (Japan), Wacker Neuson (Germany), Generac (US), Doosan (South Korea), Greaves Cotton Limited (India), Kirloskar Oil Engines Ltd. (India), Siemens (Germany), Aksa Energy (Turkey), Wärtsilä (Finland), Honda (Japan), Briggs & Stratton (US), ABB (Germany), Yanmar (Japan), Cooper Corp (India), Jubaili Bros (UAE), Southwest Products (US), Sterling & Wilson (India), and Siam Telemach (Thailand).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Generator Sales market based on the below-mentioned segments:
Global Generator Sales Market, By Type
Diesel
Gas
LPG
Biofuel
Coal Gas
Producer Gas
Fuel Cell
Global Generator Sales market, By Application
Standby
Prime & Continuous
Peak Shaving
Global Generator Sales Market, By End User
Industrial
Commercial
Global Generator Sales market, Regional Analysis
The extraordinary acceleration of industrialisation has resulted in a rise in the need for electricity. Generators or gensets are essential in residential, commercial, and industrial settings due to the need for uninterrupted power demand and peak and continuous power requirement. Gensets are machines that transform mechanical energy into electricity. To generate and regulate electricity, gensets consist of a number of subassemblies, including an engine, fuel system, alternator, main assembly, cooling and exhaust system, and others. Factors including industrialisation and urbanisation, rising demand for power backup systems, lengthy power outages during peak hours, and the necessity of uninterrupted power supply are driving growth in the global generator sales industry. For example, the oil and gas industry requires electricity to operate effectively throughout the entire value chain. That's why they need powerful generators, which can keep up with electricity needs even during blackouts and load shedding. Siemens' wide selection of generators can provide up to 5 MW of power. Along with this, business buildings need massive generator sets to ensure constant power. Sales of generators correlate with rising demand for electricity on any size.
Markets for selling generators are broken down by type, fuel, portability, end use, and geography. The market can be broken down even further by type into the submarkets of continuous, standby, and peak shave. As the need for constant, reliable power grows, the continuous segment has a significant advantage. Diesel and natural gas fuel types separate these two global markets. Diesel generators have a big market share since they can provide a lot of electricity and diesel fuel is cheap and readily available. Over the predicted period, however, gas generators are expected to outsell diesel generators due to their lower environmental impact and rising diesel prices. The market for selling generators is split into two categories: stationary and portable. As the demand for short-term projects rises and the generator rental business strengthens, portable generators are predicted to attract more clients. The market can be broken down into three different sections: residential, commercial, and industrial. As the industrial sector in developing countries expands, the industrial segment benefits by holding the highest market share.
The importance of generators cannot be overstated in regions prone to frequent blackouts. The majority of the world's population still doesn't have reliable access to electrical networks since they are concentrated in rural areas. In June 2022, for instance, the World Bank estimated that only about 91% of the world's population will have access to electricity by the year 2020. Thus, due to increased urbanisation, the demand for generators has skyrocketed globally due to the requirement for a steady and stable power supply. Multiple business spheres rely on generators to function normally.
Sales of generators have been one of the main beneficiaries of the expanding manufacturing industry. Industrial and manufacturing enterprises rely largely on a reliable source of electricity to run their machinery, equipment, and assembly lines. Significant costs, downtime, and lost productivity can come from any kind of grid disruption. When the main power is down or the grid is unstable, a generator can kick in and keep things running smoothly. Diesel generators' high operational costs, driven mostly by rising fuel prices, have been a drag on the generator sales market. Businesses and industries who rely on diesel generators for backup power have found that the rising price of fuel presents a hurdle. Diesel generator sales have been affected by the recent increase in fuel prices, which has raised questions about their long-term viability. Fuel prices have increased as a result of fluctuations in the price of crude oil on the worldwide market, as well as other geopolitical variables and supply-demand mismatches. Businesses that rely on generators for 24/7 electricity have a high variable cost in operating costs due to the wide range in price of diesel fuel between regions and nations.
Report Coverage
Global Generator Sales research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Generator Sales report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Generator Sales competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Generator Sales market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Caterpillar (US), Cummins (US), Rolls-Royce Holdings (UK), Weichai Group (China), Kohler Co. (US), Atlas Copco (Sweden), Denyo (Japan), Wacker Neuson (Germany), Generac (US), Doosan (South Korea), Greaves Cotton Limited (India), Kirloskar Oil Engines Ltd. (India), Siemens (Germany), Aksa Energy (Turkey), Wärtsilä (Finland), Honda (Japan), Briggs & Stratton (US), ABB (Germany), Yanmar (Japan), Cooper Corp (India), Jubaili Bros (UAE), Southwest Products (US), Sterling & Wilson (India), and Siam Telemach (Thailand). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Generator Sales Market from 2021 to 2030.
- Market Forecast for Generator Sales Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Generator Sales competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Generator Sales
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Generator Sales market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Generator Sales market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Caterpillar (US), Cummins (US), Rolls-Royce Holdings (UK), Weichai Group (China), Kohler Co. (US), Atlas Copco (Sweden), Denyo (Japan), Wacker Neuson (Germany), Generac (US), Doosan (South Korea), Greaves Cotton Limited (India), Kirloskar Oil Engines Ltd. (India), Siemens (Germany), Aksa Energy (Turkey), Wärtsilä (Finland), Honda (Japan), Briggs & Stratton (US), ABB (Germany), Yanmar (Japan), Cooper Corp (India), Jubaili Bros (UAE), Southwest Products (US), Sterling & Wilson (India), and Siam Telemach (Thailand).
Primary Target Market
- Market Players of Generator Sales
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Generator Sales market based on the below-mentioned segments:
Global Generator Sales Market, By Type
Diesel
Gas
LPG
Biofuel
Coal Gas
Producer Gas
Fuel Cell
Global Generator Sales market, By Application
Standby
Prime & Continuous
Peak Shaving
Global Generator Sales Market, By End User
Industrial
Commercial
Global Generator Sales market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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