Generator Sets Market is expected to grow at a CAGR of 6.12% during the forecast period and it is expected to reach US$ 29.81 Bn. by 2027. To know about the Research Methodology :- Request Free Sample Report Growing demand for continuous and reliable power supply driven by inadequacy of electrical grid infrastructure will stimulate the Generator Sets Market size. The industry is primarily driven by rapid industrialization, expanding population base and rising frequency of chronic power shortages. According to the International Energy Agency (IEA), electrical grid supply is reported to be unavailable for over 540 hours per year across the sub-Saharan Africa region.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. Growing digitization accompanied by exponential expansion across the data center infrastructure will drive the generator sets market growth. Rapid deployment of gensets as a backup source of power across the financial services firms, insurance companies, and IT services will positively impact the business scenario. Ability to effectively backup power interruptions including electrical outages or voltage fluctuations will accelerate the deployment of generator sets. Growing dependency on digitization along with a steady upsurge in data center outages cost will significantly boost the gensets adoption. According to the Ponemon Institute, an average data center outage cost has dramatically increased by over 38 percent from USD 505 thousand in 2010 to USD 740 thousand in 2015. The burgeoning expansion of the data centers sector is invariably accompanied by significant growth in the global market. The ongoing deployment of gensets across the industrial sector as a source of prime power generation will fuel the industry growth. These units are being increasingly installed in multiple industries including mining, oil & gas, a construction where grid access is limited. Rapid industrialization along with increasing investments toward infrastructural development will propel the global market. DC generators sets market is predicted to expand over 6% by 2024. Simple design and construction, optimum fuel efficiency, and ease of parallel operation are some of the defining features supporting the industry growth. Operational ability to provide integrated power solutions with renewables including wind and solar power will further boost the product penetration. North America Generator Sets Market accounted for the highest revenue in 2021 and is projected to grow at a significant rate during the forecast period. U.S. generator sets market, in 2017 was valued over USD 4 billion. Increasing severity and frequency of weather-related disasters have significantly necessitated the adoption of generator sets across the country. For instance, in September 2017, Hurricane Maria, a Category 4 storm hit hard Puerto Rico leaving over 1.57 million electricity customers without power. As per the Edison Electric Institute, weather-related events account for over 70 percent of power outages in the U.S. Maximize Market Research has comprehensively analyzed Generator Sets Market emphasising on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Global Generator Sets Market into various segments such as Current, Fuel, Power Rating, Application, End-Use and Regions providing the thorough understanding of the Generator Sets Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global Generator Sets Market. The objective of the report is to present comprehensive Generator Sets Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Generator Sets Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Generator Sets Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Generator Sets Market North America for Asia Pacific make the report investor’s guide.
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Global Generator Sets Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 20.87 Bn. Forecast Period 2022 to 2027 CAGR: 6.12% Market Size in 2027: US $ 29.81 Bn. Segments Covered: by Current • DC • AC (Single Phase, Poly Phase) by Fuel • Gasoline • Diesel • Gas by Power Rating • <50 kVA • 50-300 kVA • 300-1000 kVA • >1000 kVA by Application • Backup • Prime Power by End-Use • Residential • Commercial • Industrial
Generator Sets Market, by Region:• North America • Europe • Asia Pacific • Middle East & • Africa and Latin America
Generator Sets Market Key Players• AKSA Power Generation • Briggs & • Stratton Corporation • Caterpillar Inc. • Cooper Corporation • Cummins Inc. • Doosan Corporation • Generac Power Systems • General Electric Corporation • Honda Power Equipment • Kirloskar Oil Engines Limited • Kohler • Ingersoll Rand • Yanmar • Sterling • Manlift Group • Atlas Copco • Powerica • John Deere • Mitsubishi • Mahindra Powerol • America Honda Motors • Yamaha Motor • Escorts • Sterling & Wilson Success Stories: Key Industry Players: • Briggs & Stratton Corporation • Caterpillar Inc. • Cooper Corporation • Cummins Inc. • Kohler Frequently Asked Questions: 1. Which region has the largest share in Global Generator Sets Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Generator Sets Market? Ans: The Global Generator Sets Market is growing at a CAGR of 6.12% during forecasting period 2022-2027. 3. What is scope of the Global Generator Sets market report? Ans: Global Generator Sets Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Generator Sets market? Ans: The important key players in the Global Generator Sets Market are – AKSA Power Generation, Briggs &, Stratton Corporation, Caterpillar Inc., Cooper Corporation, Cummins Inc., Doosan Corporation, Generac Power Systems, General Electric Corporation, Honda Power Equipment, Kirloskar Oil Engines Limited, Kohler, Ingersoll Rand, Yanmar, Sterling, Manlift Group, Atlas Copco, Powerica, John Deere, Mitsubishi, Mahindra Powerol, America Honda Motors, Yamaha Motor, Escorts, and Sterling & Wilson. 5. What is the study period of this market? Ans: The Global Generator Sets Market is studied from 2021 to 2027.
Generator Sets Market1. INTRODUCTION 1.1 Report Description 1.1.1 Objectives of the Study 1.1.2 Market Scope 1.1.3 Years considered in the study 1.1.4 Currency 1.1.5 Stakeholders 1.2 Target Audience 1.3 Key Takeaways 2. RESEARCH METHODOLOGY 2.1 Research Methodology 2.2 Market Definition 2.3 Assumptions and Acronyms Used 2.4 Data Sources 2.4.1 Secondary 184.108.40.206 Paid 220.127.116.11 Unpaid 2.4.2 Primary 2.5 Analyst tools and models 3. EXECUTIVE SUMMARY 3.1 Global Generator Sets Market Overview 3.1.1 Generator Sets Market, By Current 3.1.2 Generator Sets Market, By Fuel 3.1.3 Generator Sets Market, By Power Rating 3.1.4 Generator Sets Market, By Application 3.1.5 Generator Sets Market, By End-Use 3.1.6 Generator Sets Market, By Geography 4. GLOBAL GENERATOR SETS MARKET OUTLOOK 4.1 Market Definition, Segmentation and Scope of Study 4.2 Market Dynamics 4.2.1 Drivers 18.104.22.168 The ongoing deployment of gensets 22.214.171.124 Rapidly expanding global population and urbanization 4.2.2 Restraints 126.96.36.199 High electricity costs 188.8.131.52 Poor transmission & distribution networks 4.2.3 Opportunities 184.108.40.206 Growing dependency on digitization 4.3 Market Share Analysis 4.3.1 Generator Sets, By Current 4.3.2 Generator Sets, By Fuel 4.3.3 Generator Sets, By Power Rating 4.3.4 Generator Sets, By Application 4.3.5 Generator Sets, By End-Use 4.3.6 Generator Sets, By Geography 4.4 Competitive Analysis 4.4.1 Key Strategic Initiatives 4.4.2 Regional Presence 4.4.3 Product Overview 4.5 Porter’s Analysis 4.6 PESTEL Analysis 4.7 Product Benchmark Analysis 4.8 Company Market Share Analysis 4.9 Key Findings 4.9.1 Top Wining Strategies 4.9.2 Top Investment Pockets 4.9.3 Top Impacting Factors 4.9.4 Key Trends in Global Generator Sets Market 5. GLOBAL GENERATOR SETS MARKET, BY CURRENT 5.1 Current Type Segment Analysis & Market Share 5.2 DC 5.2.1 Overview 5.2.2 Market Size and Forecast 2021-2027 5.3 AC 5.3.1 Overview 5.3.2 Market Size and Forecast 2021-2027 5.4 Single Phase 5.4.1 Overview 5.4.2 Market Size and Forecast 2021-2027 5.5 Poly Phase 5.5.1 Overview 5.5.2 Market Size and Forecast 2021-2027 6. GLOBAL GENERATOR SETS MARKET, BY FUEL 6.1 Fuel Type Segment Analysis & Market Share 6.2 Gasoline Generator Sets Market 6.2.1 Overview 6.2.2 Market Size and Forecast 2021-2027 6.3 Diesel Generator Sets Market 6.3.1 Overview 6.3.2 Market Size and Forecast 2021-2027 6.4 Gas Generator Sets Market 6.4.1 Overview 6.4.2 Market Size and Forecast 2021-2027 7. GLOBAL GENERATOR SETS MARKET, BY POWER RATING 7.1 Power Rating Type Segment Analysis & Market Share 7.2 <50 kVA Generator Sets Market 7.2.1 Overview 7.2.2 Market Size and Forecast 2021-2027 7.3 50-300 kVA Generator Sets Market 7.3.1 Overview 7.3.2 Market Size and Forecast 2021-2027 7.4 300-1000 kVA Generator Sets Market 7.4.1 Overview 7.4.2 Market Size and Forecast 2021-2027 7.5 >1000 kVA Generator Sets Market 7.5.1 Overview 7.5.2 Market Size and Forecast 2021-2027 8. GLOBAL GENERATOR SETS MARKET, BY APPLICATION 8.1 Application Type Segment Analysis & Market Share 8.2 Backup Generator Sets Market 8.2.1 Overview 8.2.2 Market Size and Forecast 2021-2027 8.3 Prime Power Generator Sets Market 8.3.1 Overview 8.3.2 Market Size and Forecast 2021-2027 9. GLOBAL GENERATOR SETS MARKET, BY END-USE 9.1 End-Use Type Segment Analysis & Market Share 9.2 Residential Generator Sets Market 9.2.1 Overview 9.2.2 Market Size and Forecast 2021-2027 9.3 Commercial Generator Sets Market 9.3.1 Overview 9.3.2 Market Size and Forecast 2021-2027 9.4 Industrial Generator Sets Market 9.4.1 Overview 9.4.2 Market Size and Forecast 2021-2027 10. GLOBAL GENERATOR SETS MARKET, BY GEOGRAPHY 10.1 Geography Type Segment Analysis & Market Share 10.2 North America 10.2.1 Overview 10.2.2 Global Standing in Generator Sets Market by Application 10.2.2.1.1 Backup 10.2.2.1.2 Prime Power 10.2.3 Market Size and Forecast 2021-2027 10.3 Europe 10.3.1 Overview 10.3.2 Global Standing in Generator Sets Market By Application 10.3.2.1.1 Backup 10.3.2.1.2 Prime Power 10.3.3 Market Size and Forecast 2021-2027 10.4 Asia Pacific 10.4.1 Overview 10.4.2 Global Standing in Generator Sets Market By Application 10.4.2.1.1 Backup 10.4.2.1.2 Prime Power 10.4.3 Market Size and Forecast 2021-2027 10.5 Latin America, Middle East and Africa 10.5.1 Overview 10.5.2 Global Standing in Generator Sets Market By Application 10.5.2.1.1 Backup 10.5.2.1.2 Prime Power 10.5.3 Market Size and Forecast 2021-2027 11. COMPITITIVE LANDSCAPE 11.1 Market Share/ Positioning Analysis 11.2 Key Innovators 11.3 Company Profiles 11.3.1 AKSA Power Generation 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.2 Briggs & Stratton Corporation 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.3 Caterpillar Inc. 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.4 Cooper Corporation 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.5 Cummins Inc. 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.6 Doosan Corporation 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.7 Generac Power Systems 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.8 General Electric Corporation 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.9 Honda Power Equipment 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.10 Kirloskar Oil Engines Limited 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.11 Kohler 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.12 Ingersoll Rand 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.13 Yanmar 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.14 Sterling 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.15 Manlift Group 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.16 Atlas Copco 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.17 Powerica 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.18 John Deere 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.19 Mitsubishi 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.20 Mahindra Powerol 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.21 America Honda Motors 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.22 Yamaha Motor 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.23 Escorts 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.3.24 Sterling & Wilson 220.127.116.11 Overview 18.104.22.168 Service Portfolio 22.214.171.124 Global Geographical Footprint 126.96.36.199 Strategic Initiatives 188.8.131.52 SWOT Analysis 184.108.40.206 Competitive Assessment 11.4 Global Generator Sets Market – Benchmarking 11.4.1 Changing Competitive Landscape 11.4.2 Benchmarking 220.127.116.11 Product Based 18.104.22.168 Revenue Based 22.214.171.124 Service Based 126.96.36.199 One-stop-shop vs. Niche entities 188.8.131.52 Cross-Industrial Applications 12. SUCCESS STORIES: KEY INDUSTRY PLAYERS 12.1 Briggs & Stratton Corporation 12.2 Caterpillar Inc. 12.3 Cooper Corporation 12.4 Cummins Inc. 12.5 Kohler 13. CONSOLIDATION 13.1 Mergers and Acquisitions 13.1.1 Overview 13.1.2 Key Drivers – By Region 13.1.3 M&A Breakdown 184.108.40.206 Asset & Non-Asset Based 220.127.116.11 Venture Capitalist Based 13.2 Fragmentation of Global Generator Sets Market 13.3 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 13.4 New/Emerging Models of Partnerships 13.5 New/Emerging Business Models 13.5.1 Strategic Analysis of Generator Sets Business Models 18.104.22.168 Generator Sets-as-a-service 13.5.2 Market share analysis of various business models 13.5.3 Emerging Trends – Key Examples 13.6 Changing Investment Paradigm: Focused areas by Key Players 13.7 Patent Analysis 14. LIST OF TABLES 15. LIST OF FIGURES