The global generator sales market gathered revenue around USD 19.14 billion in 2021 and market is set to grow USD 30.5 billion by the end of 2030 and is estimated to expand at a modest CAGR of 5.20% during the prediction period 2022 to 2030.
Growth Factors:
The global generator sales market is expected to register a healthy growth in the near future. The growth in demand for power amidst woeful supply in emerging nations is expected to drive the market. The global generator sales market depicts an extremely competitive and fragmented landscape. According to a Nova one advisor report, the competition is expected to increase as renewable energy and rising diesel prices make way for diversification and technological advances. Generators are widely used for supplying uninterrupted and reliable power to manufacturing plants and various other commercial establishments. Additionally, the generator sales market also witnessed major growth due low diesel prices, driving efficient use of these systems. Additionally, new energy generation mediums like solar, wind, and biodiesel are expected to boost the market growth in the near future. Research in sustainable energy with focus on storage of energy represents a major opportunity for growth for key players in the generator sales market.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Generator sales market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Generator sales market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 30.5 billion by 2030 |
| Growth Rate | CAGR of 5.20% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | fuel type, application, end user, by power rating, Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Caterpillar Inc., Cummins Inc., Himoinsa S.L., Generac Holdings Inc., KOEL Green, AKSA Power Generation, Aggreko PLC, Atlas Copco AB, Kohler Co. . |
Generator Sales Market Dynamics
Driver:
With rapid urbanization, the demand for goods and services is increasing, which is propelling the growth of the manufacturing sector. According to the ASEAN Economic Community (AEC), the Regional Comprehensive Economic Partnership (RCEP), if successfully implemented, would be a positive step toward a broader Free Trade Area of the Asia Pacific (FTAAP). It can serve as a suitable intergovernmental forum on free trade and boost the growth of various industries as well as supplement the development of the manufacturing sector in the region. Thus, driving the demand for power generation systems and generators in the region.
Restraint:
The energy storage market has grown exponentially over the past couple of years. In 2018, the World Bank Group (WBG) committed to invest USD 1 billion in a program to accelerate investments in battery storage for electric power systems in low- and middle-income countries. Battery energy storage systems can store energies during peak production with the help of batteries embedded in them, leading to less waste of energy. Battery storage helps balance the grid and improves power quality regardless of the generation source. Thus, restraining the growth of the generator sales market during the forecast period.
Opportunities:
Bi-fuel generators offer advantages of both gas and diesel generators, thus, improving the reliability of standby power systems. An inverter generator is a recent technology that utilizes advanced electronic circuits and high-tech magnets Several generator manufacturers are adopting generators to address the diesel engine emission standards and high operational costs. Thus, such an increase in demand for hybrid generators, bi-fuel, and inverters is expected to create an opportunity for the players in the generator sales market.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Generator sales market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Region Insights:
Asia Pacific stood as dominant region in the global generator sales market in 2017 and the region is anticipated to witness strong growth during the forecast period, as well. Countries in Asia Pacific have witnessed a rise in electricity consumption over the last few years. In 2015, China consumed 5104 TWh of electricity.number increasing to 5683 TWh in 2017.
In 2017, Asia Pacific contributed a total revenue of US $ 6078.90 Mn to the overall generator sales market. Strong economic growth and improved standard of living are the key factors behind the growth in the generator sales market in Asia Pacific.
Europe, too, witnessed an increase in electricity consumption in 2017, by 1.7%. It was the third successive year of a rise in electricity consumption in this region. The global generator sales market is extremely fragmented. Some of the key players include Generac Holdings Inc., Cummins Inc., AKSA Power Generation, Briggs & Stratton Corporation, Caterpillar Inc., and AGCO Corporation. Briggs & Stratton Corporation developed an 8000 watts Elite Series generator in May 2016, which was the first Bluetooth-installed portable generator in the world..
Strategic partnerships and acquisitions have played a crucial role in the development and growth of the generator sales market. These collaborations have helped in raising the influence of the market players, thereby propelling growth prospects. Generac Holdings Inc. acquired Motortech Holding GmbH & Co. in January 2017, which bolstered the company's position in Europe's power generation market.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Generator sales Market include: Caterpillar Inc., Cummins Inc., Himoinsa S.L., Generac Holdings Inc., KOEL Green, AKSA Power Generation, Aggreko PLC, Atlas Copco AB, Kohler Co.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By fuel type:
By application:
By end user:
By power rating:
By sales channel:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Generator sales market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Generator sales market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Generator sales markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Generator sales Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Generator sales Market, By fuel type
7.1. Generator sales Market, By fuel type, 2022-2030
7.1.1. Diesel
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Gas
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Others (LPG, propane, and bio-diesel)
7.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Generator sales Market, By application
8.1. Generator sales Market, By application, 2022-2030
8.1.1. Standby
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Prime & Continuous
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Peak Shaving
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Generator sales Market, By end user
9.1. Generator sales Market, By end user, 2022-2030
9.1.1. Industrial
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Commercial
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Residential
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10.Global Generator sales Market, By power rating
10.1. Generator sales Market, by power rating, 2022-2030
10.1.1. Below 100 kVA
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. 100–350 kVA
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. 350–1,000 kVA
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. 1,000–2,500 kVA
10.1.4.1. Market Revenue and Forecast (2019-2030)
10.1.5. 2,500–5,000 kVA
10.1.5.1. Market Revenue and Forecast (2019-2030)
10.1.6. 2,500–5,000 kVA
10.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 11.Global Generator sales Market, By sales channel
11.1. Generator sales Market, by sales channel, 2022-2030
11.1.1. Direct
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. Indirect
11.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 12.Global Generator sales Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.1.2. Market Revenue and Forecast, By application (2019-2030)
12.1.3. Market Revenue and Forecast, By end user (2019-2030)
12.1.4. Market Revenue and Forecast, by power rating (2019-2030)
12.1.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.1.6.2. Market Revenue and Forecast, By application (2019-2030)
12.1.6.3. Market Revenue and Forecast, By end user (2019-2030)
12.1.6.4. Market Revenue and Forecast, by power rating (2019-2030)
12.1.6.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.1.7. Rest of North America
12.1.7.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.1.7.2. Market Revenue and Forecast, By application (2019-2030)
12.1.7.3. Market Revenue and Forecast, By end user (2019-2030)
12.1.7.4. Market Revenue and Forecast, by power rating (2019-2030)
12.1.7.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.2.2. Market Revenue and Forecast, By application (2019-2030)
12.2.3. Market Revenue and Forecast, By end user (2019-2030)
12.2.4. Market Revenue and Forecast, by power rating (2019-2030)
12.2.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.2.6.2. Market Revenue and Forecast, By application (2019-2030)
12.2.6.3. Market Revenue and Forecast, By end user (2019-2030)
12.2.6.4. Market Revenue and Forecast, by power rating (2019-2030)
12.2.6.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.2.7. Germany
12.2.7.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.2.7.2. Market Revenue and Forecast, By application (2019-2030)
12.2.7.3. Market Revenue and Forecast, By end user (2019-2030)
12.2.7.4. Market Revenue and Forecast, by power rating (2019-2030)
12.2.7.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.2.8. France
12.2.8.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.2.8.2. Market Revenue and Forecast, By application (2019-2030)
12.2.8.3. Market Revenue and Forecast, By end user (2019-2030)
12.2.8.4. Market Revenue and Forecast, by power rating (2019-2030)
12.2.8.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.2.9. Rest of Europe
12.2.9.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.2.9.2. Market Revenue and Forecast, By application (2019-2030)
12.2.9.3. Market Revenue and Forecast, By end user (2019-2030)
12.2.9.4. Market Revenue and Forecast, by power rating (2019-2030)
12.2.9.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.3.2. Market Revenue and Forecast, By application (2019-2030)
12.3.3. Market Revenue and Forecast, By end user (2019-2030)
12.3.4. Market Revenue and Forecast, by power rating (2019-2030)
12.3.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.3.6.2. Market Revenue and Forecast, By application (2019-2030)
12.3.6.3. Market Revenue and Forecast, By end user (2019-2030)
12.3.6.4. Market Revenue and Forecast, by power rating (2019-2030)
12.3.6.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.3.7. China
12.3.7.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.3.7.2. Market Revenue and Forecast, By application (2019-2030)
12.3.7.3. Market Revenue and Forecast, By end user (2019-2030)
12.3.7.4. Market Revenue and Forecast, by power rating (2019-2030)
12.3.7.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.3.8. Japan
12.3.8.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.3.8.2. Market Revenue and Forecast, By application (2019-2030)
12.3.8.3. Market Revenue and Forecast, By end user (2019-2030)
12.3.8.4. Market Revenue and Forecast, by power rating (2019-2030)
12.3.8.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.3.9. Rest of APAC
12.3.9.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.3.9.2. Market Revenue and Forecast, By application (2019-2030)
12.3.9.3. Market Revenue and Forecast, By end user (2019-2030)
12.3.9.4. Market Revenue and Forecast, by power rating (2019-2030)
12.3.9.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.4.2. Market Revenue and Forecast, By application (2019-2030)
12.4.3. Market Revenue and Forecast, By end user (2019-2030)
12.4.4. Market Revenue and Forecast, by power rating (2019-2030)
12.4.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.4.6.2. Market Revenue and Forecast, By application (2019-2030)
12.4.6.3. Market Revenue and Forecast, By end user (2019-2030)
12.4.6.4. Market Revenue and Forecast, by power rating (2019-2030)
12.4.6.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.4.7. North Africa
12.4.7.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.4.7.2. Market Revenue and Forecast, By application (2019-2030)
12.4.7.3. Market Revenue and Forecast, By end user (2019-2030)
12.4.7.4. Market Revenue and Forecast, by power rating (2019-2030)
12.4.7.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.4.8. South Africa
12.4.8.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.4.8.2. Market Revenue and Forecast, By application (2019-2030)
12.4.8.3. Market Revenue and Forecast, By end user (2019-2030)
12.4.8.4. Market Revenue and Forecast, by power rating (2019-2030)
12.4.8.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.4.9. Rest of MEA
12.4.9.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.4.9.2. Market Revenue and Forecast, By application (2019-2030)
12.4.9.3. Market Revenue and Forecast, By end user (2019-2030)
12.4.9.4. Market Revenue and Forecast, by power rating (2019-2030)
12.4.9.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.5.2. Market Revenue and Forecast, By application (2019-2030)
12.5.3. Market Revenue and Forecast, By end user (2019-2030)
12.5.4. Market Revenue and Forecast, by power rating (2019-2030)
12.5.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.5.6.2. Market Revenue and Forecast, By application (2019-2030)
12.5.6.3. Market Revenue and Forecast, By end user (2019-2030)
12.5.6.4. Market Revenue and Forecast, by power rating (2019-2030)
12.5.6.5. Market Revenue and Forecast, by sales channel (2019-2030)
12.5.7. Rest of LATAM
12.5.7.1. Market Revenue and Forecast, By fuel type (2019-2030)
12.5.7.2. Market Revenue and Forecast, By application (2019-2030)
12.5.7.3. Market Revenue and Forecast, By end user (2019-2030)
12.5.7.4. Market Revenue and Forecast, by power rating (2019-2030)
12.5.7.5. Market Revenue and Forecast, by sales channel (2019-2030)
Chapter 13. Company Profiles
13.1. Caterpillar Inc
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Cummins Inc
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Himoinsa S.L
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Generac Holdings Inc
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. KOEL Green
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. AKSA Power Generation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Aggreko PLC
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Atlas Copco AB
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Kohler Co
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Siam Telemach
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers