Generator Sales Market: Global Industry Analysis And Forecast (2022 to 2029)

Generator Sales Market has valued at US$ 20.05 Bn. in 2021. Global Generator Sales Market size is estimated to grow at a CAGR of 5.08 % over the forecast period.



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A generator is a device that, with the help of an electric motor, converts mechanical energy into electrical energy for use in an external circuit. Thanks to the rapidly expanding industrial sector, there is a considerable demand for generator sales and service systems. The demand for reliable and consistent power supply has increased significantly in the last few years, which has prompted a growth in the sale of generators. As a result, generators are regarded as a reliable method of supplying power backup in commercial buildings, data centres, and sometimes in emergency situations.

Generator Sales Market Report Scope:

The generator sales market is segmented based on Power Rating, Fuel Type, Application, End-User, and Region. The growth of various segments helps our clients in acquiring knowledge of the many growth factors expected to be prevalent throughout the market and develop different strategies to help identify core application areas and the gap in the target market. The report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies.

The bottom-up approach has been used to estimate the market size. Major Key Players in the Generator Sales market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. Some of the leading key players in the global Generator Sales market include Rolls-Royce, Caterpillar Inc., Atlas Copco, MAN Energy Solutions, and others. They are continuously strategizing on mergers and acquisitions, strategic alliances, joint ventures, and partnerships for the growth of their market shares.
Generator Sales Market Dynamics:
The growth of the generator sales market is expected to be fueled by rising investments in creating new advanced industrial sector establishments and upgrading existing setups. The need for generators is further increased by the growing national construction spending to construct energy-efficient infrastructure. For instance, the U.S. Census Bureau stated in August 2020 that the country's overall expenditure on public buildings increased from USD 332.8 billion in 2019 to around USD 353.3 billion in June 2020. This is anticipated to support the expansion of the generator sales market.

The growing demand for reliable power supply from end users and increased demand for IT infrastructure management are the major factors driving the global generator sales market. The demand for generators and power generation equipment is also being fueled by the continuously increasing manufacturing sector. During the projected period, the market for generator sales is projected to grow from the increasing usage of hybrid, bi-fuel, and inverter generators as well as the growing use of distributed power production systems.

On the other hand, market growth may be hampered by strict clean energy deployment goals set by several regional governments and organizations to reduce greenhouse gas emissions. In order to integrate low carbon generation technologies and reduce carbon footprint, several governments are required to follow strict laws. This could decrease the chances of installing generators all across the world. Additionally, there may be some issues with product uptake owing to the rising investments being made to upgrade the grid infrastructure and strengthen the transmission and distribution (T&D) lines.

Trending Factors:

 Market trends would benefit from increased applicability in the mining, oil & gas, telecommunication, and construction industries. The continuous industrial revolution has significantly increased the demand for dependable power to support the efficient operation of many industries.

 Of all end-user sectors, the industrial sector—which encompasses mining, manufacturing, agriculture, and construction—consumes the most energy. As a result, the demand for diesel generators is expected to increase as these industries' need for a constant and reliable power source increases, particularly among industrial facilities, healthcare facilities, and pharmaceutical companies.

 The requirement for new telecom stations as a result of the telecommunications network's expanding reach is anticipated to boost the telecom sector. The expansion of the manufacturing sector is favored by the need for continuous power supply, which is essential for the efficient operation of heavy machinery and equipment.
Generator Sales Market Segment Analysis:
The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the generator sales market size.

Diesel Segment is Expected to Hold the Largest Market Share During the Forecast Period.

By fuel type, the diesel segment is expected to experience significant growth during the forecast period. This can be attributed to lower maintenance expenses, operations with high load, increased efficiency, and reliable operations. Additionally, the segment for diesel generators is expected to grow because of factors such as the simplicity of storage, transportation, and quick response to load fluctuations. However, developed nations like the US, Canada, the UK, Germany, France, the Netherlands, and Japan are quickly implementing natural gas-based power generation technologies in order to reduce emissions. As a result, the market for gas generators is expected to expand at a faster rate during the forecast period.



The industrial segment is Expected to Dominate the Generator Sales Market by 2029.

Based on end users, during the forecast period, it is anticipated that the industrial segment would account for the greatest market share. According to end-user, the generator sales market has been divided into three categories: residential, commercial, and industrial. During the projection period, the industrial end-user segment is anticipated to increase at the greatest CAGR. Favorable government policies for the development of industries in numerous nations, including Mexico, China, Brazil, and India, are the main force behind the market. The demand for generators in the industrial end-user category is also being fueled by the expansion of the oil and gas industry in nations like China, Mexico, Canada, and Africa.
Generator Sales Market Regional Insights:
Regional analysis is another highly comprehensive part of the research and analysis study of the global generator sales market presented in the report.

APAC: the Asia Pacific dominated the market in 2021 with the largest market share. The industrialization of the region's countries has boosted the need for generators, which is driving substantial changes in the manufacturing sector in the Asia Pacific.

Owing to the Asia Pacific region's relatively developed power infrastructure, which provides cheap electricity from the utility grid, diesel generator sets are primarily employed for backup power in this region. The nation's power infrastructure, emission standards, and consumer purchasing power all influence the demand pattern for diesel generator sets.

North America: Over the years 2021 to 2029, North America will have strong growth, driven by rising private and public investments in the growth of industry verticals in the United States and Canada. The regional market will also be driven by stricter rules to enhance building energy security and the existence of significant market players.

Along with the presence of established generator manufacturers and technological improvements in generator production, encouraging laws to enhance building energy security is also anticipated to fuel market expansion in North America.



Generator Sales Market Opportunities:

 Rising data center demand as a result of increasing data usage as a result of the work-from-home policy in many sectors will have a beneficial effect on the business environment.
 Some generator manufacturers are considering bi-fuel technology in order to get around the high operating costs and emission regulations for diesel engines. Due to this, conventional diesel generator sets are being replaced by bi-fuel generators.
 In the upcoming years, it is anticipated that increased technological advancements in diesel generators and rising energy demand from various end-use industries will offer the market's top players appealing growth opportunities.

The market for generator sales is being driven by companies' efforts to widen their distribution and services networks:

The sector has seen numerous product manufacturers provide units with various power ratings for regional and international applications. Numerous small and major players with well-established production lines to meet certain end-user industry requirements have been seen in this market. Additionally, in order to reinforce their position and define the competitive landscape, the corporations are putting more and more emphasis on combining with other significant competitors.

For instance, Rolls Royce stated in July 2021 that its generator would be shipped from its site in Trondheim, Norway, to the recently rebuilt Testbed 108 in Bristol, United Kingdom. It will be a component of the demonstrator programme for the 2.5 MW Power Generation System 1 (PGS1) for future regional aircraft.

Providing anti-corrosion performance, the M139 generator canopy from Kohler-SDMO was introduced in May 2021. It is appropriate for tough outdoor settings in regions including Africa and the Middle East. The M139 features 165 kVA to 250 kVA of power.

Research Methodology:

The study of various industry-affecting factors, such as government policy, the market environment, the competitive landscape, historical data, current market trends, technological development, upcoming technologies, and the technical advancement in related industries, as well as market risks, opportunities, barriers, and challenges, was a part of the research process.

Data collection modules with large sample sizes are used for data collecting and base year analysis. Market statistical and logical models are used to analyze and estimate the market data. The important success variables in the market study are also market share analysis and key trend analysis. Data analysis, which includes data mining, analyzing the effects of data factors on the market, and primary (industry expert) validation, is the main research approach employed by the MMR research team. In addition, data models are available for vendor positioning grids, market timeline analyses, market overview and guides, company positioning grids, company market share analyses, standards of measurement, global versus regional comparisons, and vendor share analyses.
Generator Sales Market Scope: Inquire before buying



Global Generator Sales Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 20.05Bn.


Forecast Period 2022 to 2029 CAGR:
5.08 %
Market Size in 2029:
US$ 29.8 Bn.


 Segments Covered:
by Power Rating
• Below 75 kVA
• 75-375 kVA
• 375-750 kVA
• Above 750 Kva


by Fuel Type
• Diesel
• Gas
• Others


by Application
• Continuous Load
• Peak Load
• Standby Load


by End-User
• Industrial
• Commercial
• Residential



Generator Sales Market by Region:
• North America
• Europe
• The Asia Pacific
• The Middle East and Africa
• South America
Generator Sales Market Key Players:
• Rolls-Royce
• Caterpillar, Inc..
• Atlas Copco
• MAN Energy Solutions
• Zwart Techniek
• Cummins Inc.
• Wacker Neuson
• Himoinsa
• Kohler-SDMO
• Inmesol S.L.U.
• Aggreko
• Daihatsu Diesel Mfg. Co., Ltd.
• Ingersoll Rand
• Wartsila
• American Honda Motor Company, Inc.
• JCB
• Generac Power Systems
• Perfect Gas Generator
• FG Wilson
• Endress Elektrogerätebau GmbH
• PRAMAC
• John Deere
• Yanmar
• Kirloskar Electric Co. Ltd.
• Briggs & Straton
• Manlift Group
• HiPower Systems
• BGG UK
• American Honda Motor Company, Inc.

Frequently asked questions:

1. What is the market growth of the Generator Sales Market?
Ans. The Generator Sales Market was valued at USD 20.05 Bn in 2021 and is expected to reach USD 29.8Bn by 2029, at a CAGR of 5.08 % during the forecast period.

2. Which are the major key players in the Generator Sales Market?
Ans. The key players in this market Rolls-Royce, Caterpillar Inc. and Atlas Copco.

3. Which region is anticipated to account for the largest market share?
Ans. Asia Pacific is anticipated to dominate the Generator Sales Market,

4. what is the forecast period for the Generator Sales Market?
Ans. The forecast period for the Generator Sales Market is from 2022 to 2029.

5. what is the segment in which the Generator Sales Market is divided?
Ans. The Generator Sales Market is fragmented based on Power Rating, Fuel Type. And Application.