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Report
Global Generator Sales Market Report and Forecast 2023-2028
Market Report I 2023-10-05 I 190 Pages I EMR Inc.
Global Generator Sales Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global generator sales market is projected to grow at a CAGR of 4.90% between 2023 and 2028. Aided by the escalating demand for consistent power supply across diverse sectors and the surging dependence on electronic appliances, the market is expected to grow significantly by 2028.
Generators, essential devices that convert mechanical energy to electrical energy, remain instrumental in addressing power outages, backing up primary power sources, and ensuring the seamless operation of essential equipment. They're prominently featured across sectors, from residential and commercial zones to industrial areas. The broad range of applications stems from their utility in events of power failures, natural calamities, or when off-grid power is necessary.
The burgeoning demand for uninterrupted power supply largely catalyses the global generator sales market growth. In an increasingly digitalised world, the reliance on electronic devices, right from household appliances to industrial machinery, has never been higher. With periodic power cuts still prevalent in many regions, coupled with the unpredictable nature of natural disasters, the reliance on generators as an emergency power solution remains paramount.
Another critical propellant for the generator sales market is the swift pace of industrialisation and infrastructure development, particularly in emerging economies. As industries expand, their power requirements surge, necessitating backup solutions to prevent operational disruptions. Generators, in this context, have emerged as reliable allies, ensuring that industries run at optimal efficiency even in the face of power interruptions.
On the technological front, innovations are positively impacting the generator sales market outlook. Modern generators are becoming more efficient, environmentally friendly, and technologically advanced. The rise of smart generators, which can be monitored and controlled remotely, and the integration of IoT in generator systems, are reshaping the user experience. Additionally, the move towards eco-friendlier alternatives has led to the development of generators running on cleaner fuels, reducing greenhouse gas emissions.
One cannot overlook the role of construction activities in boosting the generator sales market demand. As urban areas expand and infrastructural projects multiply, the need for reliable power sources at construction sites has grown exponentially. Generators offer flexibility, ensuring that construction processes are not hindered due to power-related issues.
Market Segmentation
The market can be divided based on fuel type, power rating, application, end-user, and region.
Market Breakup by Fuel Type
- Diesel
- Gas
- Others
Market Breakup by Power Rating
- Below 75 kVA
- 75-375 kVA
- 376-750 kVA
- Above 750 kVA
Market Breakup by Application
- Prime and Continuous
- Standby
- Peak Shaving
Market Breakup by End-User
- Industrial
o Oil and Gas
o Chemicals and Petrochemicals
o Utilities/Power Generation
o Manufacturing
o Marine
o Construction
o Others
- Commercial
- Residential
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global generator sales market. Some of the major players explored in the report by Expert Market Research are as follows:
- Caterpillar Inc.
- Generac Power Systems, Inc.
- Cummins Inc.
- WeiChai Holdings Group Co., Ltd.
- Mitsubishi Heavy Industries, Ltd.
- Siemens AG
- ABB Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Generator Sales Market Analysis
8.1 Key Industry Highlights
8.2 Global Generator Sales Historical Market (2018-2022)
8.3 Global Generator Sales Market Forecast (2023-2028)
8.4 Global Generator Sales Market by Fuel Type
8.4.1 Diesel
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Gas
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Generator Sales Market by Power Rating
8.5.1 Below 75 kVA
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 75-375 kVA
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 376-750 kVA
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Above 750 kVA
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Generator Sales Market by Application
8.6.1 Prime and Continuous
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Standby
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Peak Shaving
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Generator Sales Market by End-User
8.7.1 Industrial
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.1.4 Breakup by Type
8.7.1.4.1 Oil and Gas
8.7.1.4.2 Chemicals and Petrochemicals
8.7.1.4.3 Utilities/Power Generation
8.7.1.4.4 Manufacturing
8.7.1.4.5 Marine
8.7.1.4.6 Construction
8.7.1.4.7 Others
8.7.2 Commercial
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Residential
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.8 Global Generator Sales Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Caterpillar Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Generac Power Systems, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cummins Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 WeiChai Holdings Group Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mitsubishi Heavy Industries, Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Siemens AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 ABB Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Generator Sales Market: Key Industry Highlights, 2017 and 2021
2. Global Generator Sales Historical Market: Breakup by Fuel Type (USD Billion), 2018-2022
3. Global Generator Sales Market Forecast: Breakup by Fuel Type (USD Billion), 2023-2028
4. Global Generator Sales Historical Market: Breakup by Power Rating (USD Billion), 2018-2022
5. Global Generator Sales Market Forecast: Breakup by Power Rating (USD Billion), 2023-2028
6. Global Generator Sales Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Generator Sales Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Generator Sales Historical Market: Breakup by End Use (USD Billion), 2018-2022
9. Global Generator Sales Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10. Global Generator Sales Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Generator Sales Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Generator Sales Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Generator Sales Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Generator Sales Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Generator Sales Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Generator Sales Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Generator Sales Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Generator Sales Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Generator Sales Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Generator Sales Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Generator Sales Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Generator Sales Market Structure
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