Dual Fuel Generator Market: Global Industry Analysis and Forecast (2022-2029)

Dual Fuel Generator Market was valued at US$ 585.26 Mn. in 2021. Global Dual Fuel Generator Market size is estimated to grow at a CAGR of 4.37%.
Dual Fuel Generator Market Overview:
Dual-fuel generators have the capability to run on two or multiple types of fuel at the same time, mainly propane and gasoline or sometimes natural gas. It offers more flexibility in operational costs, storage run and time. It is also known as hybrid fuel generators. Dual fuel generators allow fuel source solution based on fuel availability with power output requirements, noise restrictions, and other circumstances. It is an ideal solution for people with variable power needs. Some dual fuel generators are used as backup power for homeowners and also well-suited to campsites as well as industrial areas.To know about the Research Methodology:- Request Free Sample Report
Dual Fuel Generator Market Dynamics:
A growing demand for reliable and continuous power supply across various industries like construction sites, residential, hospital, industrial are some of the major driving factors behind the growth of the dual fuel generator market. An increase in adoption of dual fuel generators by contractors who are working in remote job sites and demand for dual fuel generators from oil & healthcare, healthcare industries are expected to improve growth of the market during the forecast period. Dual fuel generators provide some potential benefits like ability to use the most suitable fuel as per user’s circumstances, dependability and reliability, simple switching between fuels, durability and effectiveness, which are boosting the growth of the market.

The dual fuel generators offer advantage to accept two types of fuel. Gasoline and propane have different advantages and disadvantages. Dual fuel generators are also useful in areas with specifically cold winters and hot summers. Dual fuel generators are gaining popularity because of their potential flexibility and reliability. It eliminates the need to store a needless amount of expensive fuel. They are more efficient at burning fuel. Dual fuel generators are an eco-friendly substitute to other generating sets. The mixture of fuel with the efficient engine translates to less carbon emissions to the environment. The dual fuel generators have a great demand because of its variety of applications like domestic, industrial and commercial. They are expected to witness more demand in the coming years due to the rapid innovations in the product.

The Disruptions in the Industrial Sector Impacting the Market Dynamics.

The industry sector is expected to witness more disruption in the manufacturing sector. The disruptions in the manufacturing sector are expected to lead to losses in the market share and the brand reputation of the manufactured products. In the manufacturing sector, managing strategic risk is increasing the degree of emergency. A shift in dynamics in the customized demand, products, economics of production and value chain can lead to disruptions in the manufacturing.
Dual Fuel Generator Market Segment Analysis:
Dual Fuel Generators are useful in a variety of products like grills, residential heating systems, and ovens and ranges. They are available in the either consumer-grade or industrial-grade. Despite diesel has long been the favored fuel type for large commercial generators because of its reliability, many operators are interested in reducing their diesel usage. Many portable generators are marketed to residential consumers because the operator must choose whether to use propane or gasoline. Dual-fuel systems cost significantly more than traditional engines. Dual-fuel engines reduce the requirement for large-scale on-site storage of expensive fuels like diesel. It also helps to reduce the maintenance costs of diesel storage.

The power output on dual fuel generators is measured in watts (W). Key manufacturers are specifying their product specification with peak power output and running power output. The Peak power output is the maximum number of watts, which generator can provide at a time. Dual fuel generators produce a power output from 1,000 w to over 12,000w, which is depending on the size and function of the generator. Some manufacturers are breaking these numbers down into propane peak and running power outputs. However, many manufacturers of dual fuel generators do not differentiate between the two fuels to define peak and running power output. They only specifying the highest numbers using gasoline, which leaves consumer to estimate the range for propane.
Dual Fuel Generator Market Regional Insights:
Asia Pacific region is projected to be leading region in the dual fuel generator market. A rapid expansion of the end-user industries like energy & power, industrial, commercial and others in the developing economies as China, India, South Korea, Taiwan, and other developing countries are expected to boost the market growth. Massive production facilities and availability of raw materials with low costs. An increase in frequency and severity of natural disasters, demand for noiseless gas generators and user-friendly features of dual fuel generators with an electrical starter are expected to boost the market growth.

In India, many residential societies, hotels, industries, hospitals across metro cities like Delhi, Faridabad, Noida, Ghaziabad, Greater Noida and Gurugram have a demand for diesel-run generators for power backup. Diesel-run generators usage for power backup are contributing to the significant emissions. The Dual-Fuel conversion kits are a solution to ensure sustainable future to tackle the pollution concern, and reduce pollution across metro-cities, which is also expected to drive the India dual fuel generator market growth in the near future. Key players are forming footprints in the India Dual Fuel Generator Market by partnership in the manufacturing sector. In 2021, Fuelflip Energy, who is a leading impact-technology start-up has launched Dual-Fuel solutions for Diesel Generators in a partnership with Control Infotech with an aim towards reducing emission levels. These companies are working objectively to reduce the harsh environmental effects with the usages of diesel generators along with generating substantial savings.

The objective of the report is to present a comprehensive analysis of the global Dual Fuel Generator Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of 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 a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Dual Fuel Generator Market dynamic, structure by analyzing the market segments and projecting the Dual Fuel Generator Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Dual Fuel Generator Market make the report investor’s guide.
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Dual Fuel Generator Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 585.26 Mn.


Forecast Period 2022 to 2029 CAGR:
4.37%
Market Size in 2029:
US $ 824.05 Mn.


 Segments Covered:
by Power Output
• Less than 3KW
• 3KW to 10KW
• Above 10KW


by Application
• Domestic
• Commercial
• Industrial


by Fuel Type
• Diesel and Natural Gas
• Propane and Natural Gas



Dual Fuel Generator Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Dual Fuel Generator Market, Key Players are:
• DuroMax Power Equipment
• Sportsman Generator
• Champion Power Equipment
• Briggs & Stratton
• Kubota Engine America Corporation
• Westinghouse Electric Corporation
• Kohler Co
• Tillotson Power Products
• Pulsar Products, Inc
• NorthStar Generators
• Smarter Tools, Inc
• Caterpillar, Inc
• WEN Products
• Cummins
• Generac Power Systems
• Perkins Engines

Frequently Asked Questions:

1. Which region has the largest share in Global Dual Fuel Generator Market?
Ans: Asia Pacific region held the highest share in 2021.

2. What is the growth rate of Global Dual Fuel Generator Market?
Ans: The Global Dual Fuel Generator Market is growing at a CAGR of 4.37% during forecasting period 2022-2029.

3. What is scope of the Global Dual Fuel Generator Market report?
Ans: Global Dual Fuel Generator 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 Dual Fuel Generator Market?
Ans: The important key players in the Global Dual Fuel Generator Market are – DuroMax Power Equipment, Sportsman Generator, Champion Power Equipment, Briggs & Stratton, Kubota Engine America Corporation, Westinghouse Electric Corporation, Kohler Co, Tillotson Power Products, Pulsar Products, Inc, NorthStar Generators, Smarter Tools, Inc, Caterpillar, Inc, WEN Products, Cummins, Generac Power Systems, and Perkins Engines

5. What is the study period of this Market?
Ans: The Global Dual Fuel Generator Market is studied from 2021 to 2029.