Multi Fuel Generator Market : Global Industry Analysis and Forecast 2021-2027

Multi-Fuel Generator Market was valued at US$ 1.03 Bn in 2020 and is expected to reach US$ 1.57 Bn by 2027, at a CAGR of 6.2 % during the forecast period.Global Multi-Fuel Generator Market The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Multi-Fuel Generator Market Dynamics:

A multi-fuel generator offers a power solution in case of a power failure and it serves as an effective backup. It has created a new path for environmental sustainability and has resulted in a reduction in the usage of fossil fuels in power backup operations. The presence of unreliable grid infrastructure, growth in urbanization and population across the developing economies, rise in adoption by consumers for alternatives like dual power and tri generators as backup power to counter power shortages are some of the driving factors behind the global multi-fuel generator market. In addition, the demand for uninterrupted power in residential, commercial, and industrial segments, growth in the cost of fuel, and environmental concerns regarding harmful emissions are also expected to boost the market growth during the forecast period. The power requirements in the remotely located projects, improvements in off-grid sectors, and poor grid infrastructure in developing countries are also expected to drive the market growth. On the other hand, a lack of high power ratings in multi-fuel generators is expected to limit the global multi-fuel generator market growth.

Global Multi-Fuel Generator Market, Segment Analysis:

The dual fuel generator segment is expected to grow at an XX% rate of CAGR during the forecast period. It is mainly popular in the trucking and bus industry, which combines diesel and natural gas for a dependable, economical solution. The 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. On the other hand, the Tri-Fuel segment is expected to hold XX% share during the forecast period. Tri-fuel generators are running on natural gas, diesel, and gasoline according to the transport requirement. It uses special carburetors in its engines, which do not close because of the usage of different types of fuels. Tri-Fuel generators are used in remote location jobs. The high operability rate of tri-fuel generators is making it a good choice for the generation of Ac and Dc power for numerous applications.

Global Multi-Fuel Generator Market, Regional Analysis:

North America region contributed the XX% market share in 2020 and is projected to contribute XX% share in the global multi-fuel generator market during the forecast period. An increase in demand for uninterrupted and reliable power, frequency of power outages, and presence of the prominent key players like Caterpillar, Cummins Inc., DuroMax Power Equipment, and Generac Power Systems are expected to drive the regional market growth. On the other hand, power crises, expanding infrastructure, and poor grid infrastructure in the Middle East & Africa are expected to offer key opportunities for key players operating in the multi-fuel generator market.

Global Multi-Fuel Generator Market, Competitive Analysis:

The key players operating in the market are focusing on the deployment of safe, reliable backup power multi-fuel generators. The demand for generators is increasing at an exponential rate, which provides the versatility of multiple fuel sources and allows them to easily switch between propane, natural gas, and gasoline. The global multi-fuel generator market has dominated the growth by the contributed share of the prominent key players like Generac Holdings Inc., Kohler Co, Yamaha Motor Corporation, Cummins Inc., DuroMax, and Others. The objective of the report is to present a comprehensive analysis of the Global Multi-Fuel Generator 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 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 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 has 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 report also helps in understanding Global Multi-Fuel Generator Market dynamics, structure by analyzing the market segments and projects the Global Multi-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 Global Multi-Fuel Generator Market make the report investor’s guide.

Global Multi-Fuel Generator Market Scope:

Global Multi-Fuel Generator Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 1.03 Bn.
Forecast Period 2021 to 2027 CAGR: 6.2% Market Size in 2027: US $ 1.57 Bn.
Segments Covered: By Fuel Type • Dual Fuel • Tri-Fuel • Others
By Application • Standby Gensets • Continuous Gensets • Peak Sharing Gensets

Global Multi-Fuel Generator Market, By Region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

Global Multi-Fuel Generator Market Key Players:

• Generac Holdings Inc. • Kohler Co. • Honda Power Products • Briggs and Stratton • Yamaha Motor Corporation • Cummins Inc. • DuroMax • Pulsar Products • Champion Power Equipments • Caterpillar • Cummins • Kohler Power • Waukesha • Clark Energy • Central Maine Diesel • Ingersoll Rand Energy Systems • Doosan Portable Power • Bryan Power Generation Solutions Group • Powerland • Wartsila • Others
Multi-Fuel Generator Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Multi-Fuel Generator Market 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Multi-Fuel Generator Market Analysis and Forecast 6.1. Multi-Fuel Generator Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Multi-Fuel Generator Market Analysis and Forecast, By Fuel Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Multi-Fuel Generator Market Value Share Analysis, By Fuel Type 7.4. Multi-Fuel Generator Market Size (US$ Bn) Forecast, By Fuel Type 7.5. Multi-Fuel Generator Market Analysis, By Fuel Type 7.6. Multi-Fuel Generator Market Attractiveness Analysis, By Fuel Type 8. Multi-Fuel Generator Market Analysis and Forecast, By Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Multi-Fuel Generator Market Value Share Analysis, By Application 8.4. Multi-Fuel Generator Market Size (US$ Bn) Forecast, By Application 8.5. Multi-Fuel Generator Market Analysis, By Application 8.6. Multi-Fuel Generator Market Attractiveness Analysis, By Application 9. Multi-Fuel Generator Market Analysis, by Region 9.1. Multi-Fuel Generator Market Value Share Analysis, by Region 9.2. Multi-Fuel Generator Market Size (US$ Bn) Forecast, by Region 9.3. Multi-Fuel Generator Market Attractiveness Analysis, by Region 10. North America Multi-Fuel Generator Market Analysis 10.1. Key Findings 10.2. North America Multi-Fuel Generator Market Overview 10.3. North America Multi-Fuel Generator Market Value Share Analysis, By Fuel Type 10.4. North America Multi-Fuel Generator Market Forecast, By Fuel Type 10.4.1. Dual Fuel 10.4.2. Tri Fuel 10.5. North America Multi-Fuel Generator Market Value Share Analysis, By Application 10.6. North America Multi-Fuel Generator Market Forecast, By Application 10.6.1. Standby Gensets 10.6.2. Continuous Gensets 10.6.3. Peak Sharing Gensets 10.7. North America Multi-Fuel Generator Market Value Share Analysis, by Country 10.8. North America Multi-Fuel Generator Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Multi-Fuel Generator Market Analysis, by Country 10.10. U.S. Multi-Fuel Generator Market Forecast, By Fuel Type 10.10.1. Dual Fuel 10.10.2. Tri Fuel 10.11. U.S. Multi-Fuel Generator Market Forecast, By Application 10.11.1. Standby Gensets 10.11.2. Continuous Gensets 10.11.3. Peak Sharing Gensets 10.12. Canada Multi-Fuel Generator Market Forecast, By Fuel Type 10.12.1. Dual Fuel 10.12.2. Tri Fuel 10.13. Canada Multi-Fuel Generator Market Forecast, By Application 10.13.1. Standby Gensets 10.13.2. Continuous Gensets 10.13.3. Peak Sharing Gensets 10.14. North America Multi-Fuel Generator Market Attractiveness Analysis 10.14.1. By Fuel Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Multi-Fuel Generator Market Analysis 11.1. Key Findings 11.2. Europe Multi-Fuel Generator Market Overview 11.3. Europe Multi-Fuel Generator Market Value Share Analysis, By Fuel Type 11.4. Europe Multi-Fuel Generator Market Forecast, By Fuel Type 11.4.1. Dual Fuel 11.4.2. Tri Fuel 11.5. Europe Multi-Fuel Generator Market Value Share Analysis, By Application 11.6. Europe Multi-Fuel Generator Market Forecast, By Application 11.6.1. Standby Gensets 11.6.2. Continuous Gensets 11.6.3. Peak Sharing Gensets 11.7. Europe Multi-Fuel Generator Market Value Share Analysis, by Country 11.8. Europe Multi-Fuel Generator Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Russia 11.8.7. Norway 11.8.8. Rest of Europe 11.9. Europe Multi-Fuel Generator Market Analysis, by Country 11.10. Germany Multi-Fuel Generator Market Forecast, By Fuel Type 11.10.1. Dual Fuel 11.10.2. Tri Fuel 11.11. Germany Multi-Fuel Generator Market Forecast, By Application 11.11.1. Standby Gensets 11.11.2. Continuous Gensets 11.11.3. Peak Sharing Gensets 11.12. U.K. Multi-Fuel Generator Market Forecast, By Fuel Type 11.12.1. Dual Fuel 11.12.2. Tri Fuel 11.13. U.K. Multi-Fuel Generator Market Forecast, By Application 11.13.1. Standby Gensets 11.13.2. Continuous Gensets 11.13.3. Peak Sharing Gensets 11.14. France Multi-Fuel Generator Market Forecast, By Fuel Type 11.14.1. Dual Fuel 11.14.2. Tri Fuel 11.15. France Multi-Fuel Generator Market Forecast, By Application 11.15.1. Standby Gensets 11.15.2. Continuous Gensets 11.15.3. Peak Sharing Gensets 11.16. Italy Multi-Fuel Generator Market Forecast, By Fuel Type 11.16.1. Dual Fuel 11.16.2. Tri Fuel 11.17. Italy Multi-Fuel Generator Market Forecast, By Application 11.17.1. Standby Gensets 11.17.2. Continuous Gensets 11.17.3. Peak Sharing Gensets 11.18. Spain Multi-Fuel Generator Market Forecast, By Fuel Type 11.18.1. Dual Fuel 11.18.2. Tri Fuel 11.19. Spain Multi-Fuel Generator Market Forecast, By Application 11.19.1. Standby Gensets 11.19.2. Continuous Gensets 11.19.3. Peak Sharing Genset 11.20. Russia Multi-Fuel Generator Market Forecast, By Fuel Type 11.20.1. Dual Fuel 11.20.2. Tri Fuel 11.21. Russia Multi-Fuel Generator Market Forecast, By Application 11.21.1. Standby Gensets 11.21.2. Continuous Gensets 11.21.3. Peak Sharing Gensets 11.22. Norway Multi-Fuel Generator Market Forecast, By Fuel Type 11.22.1. Dual Fuel 11.22.2. Tri Fuel 11.23. Norway Multi-Fuel Generator Market Forecast, By Application 11.23.1. Standby Gensets 11.23.2. Continuous Gensets 11.23.3. Peak Sharing Gensets 11.24. Rest of Europe Multi-Fuel Generator Market Forecast, By Fuel Type 11.24.1. Dual Fuel 11.24.2. Tri Fuel 11.25. Rest of Europe Multi-Fuel Generator Market Forecast, By Application 11.25.1. Standby Gensets 11.25.2. Continuous Gensets 11.25.3. Peak Sharing Gensets 11.26. Europe Multi-Fuel Generator Market Attractiveness Analysis 11.26.1. By Fuel Type 11.26.2. By Application 11.27. PEST Analysis 11.28. Key Trends 11.29. Key Developments 12. Asia Pacific Multi-Fuel Generator Market Analysis 12.1. Key Findings 12.2. Asia Pacific Multi-Fuel Generator Market Overview 12.3. Asia Pacific Multi-Fuel Generator Market Value Share Analysis, By Fuel Type 12.4. Asia Pacific Multi-Fuel Generator Market Forecast, By Fuel Type 12.4.1. Dual Fuel 12.4.2. Tri Fuel 12.5. Asia Pacific Multi-Fuel Generator Market Value Share Analysis, By Application 12.6. Asia Pacific Multi-Fuel Generator Market Forecast, By Application 12.6.1. Standby Gensets 12.6.2. Continuous Gensets 12.6.3. Peak Sharing Gensets 12.7. Asia Pacific Multi-Fuel Generator Market Value Share Analysis, by Country 12.8. Asia Pacific Multi-Fuel Generator Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. Indonesia 12.8.7. Malaysia 12.8.8. Vietnam 12.8.9. Rest of Asia Pacific 12.9. Asia Pacific Multi-Fuel Generator Market Analysis, by Country 12.10. China Multi-Fuel Generator Market Forecast, By Fuel Type 12.10.1. Dual Fuel 12.10.2. Tri Fuel 12.11. China Multi-Fuel Generator Market Forecast, By Application 12.11.1. Standby Gensets 12.11.2. Continuous Gensets 12.11.3. Peak Sharing Gensets 12.12. India Multi-Fuel Generator Market Forecast, By Fuel Type 12.12.1. Dual Fuel 12.12.2. Tri Fuel 12.13. India Multi-Fuel Generator Market Forecast, By Application 12.13.1. Standby Gensets 12.13.2. Continuous Gensets 12.13.3. Peak Sharing Gensets 12.14. Japan Multi-Fuel Generator Market Forecast, By Fuel Type 12.14.1. Dual Fuel 12.14.2. Tri Fuel 12.15. Japan Multi-Fuel Generator Market Forecast, By Application 12.15.1. Standby Gensets 12.15.2. Continuous Gensets 12.15.3. Peak Sharing Gensets 12.16. South Korea Multi-Fuel Generator Market Forecast, By Fuel Type 12.16.1. Dual Fuel 12.16.2. Tri Fuel 12.17. South Korea Multi-Fuel Generator Market Forecast, By Application 12.17.1. Standby Gensets 12.17.2. Continuous Gensets 12.17.3. Peak Sharing Gensets 12.18. Australia Multi-Fuel Generator Market Forecast, By Fuel Type 12.18.1. Dual Fuel 12.18.2. Tri Fuel 12.19. Australia Multi-Fuel Generator Market Forecast, By Application 12.19.1. Standby Gensets 12.19.2. Continuous Gensets 12.19.3. Peak Sharing Gensets 12.20. Indonesia Multi-Fuel Generator Market Forecast, By Fuel Type 12.20.1. Dual Fuel 12.20.2. Tri Fuel 12.21. Indonesia Multi-Fuel Generator Market Forecast, By Application 12.21.1. Standby Gensets 12.21.2. Continuous Gensets 12.21.3. Peak Sharing Gensets 12.22. Malaysia Multi-Fuel Generator Market Forecast, By Fuel Type 12.22.1. Dual Fuel 12.22.2. Tri Fuel 12.23. Malaysia Multi-Fuel Generator Market Forecast, By Application 12.23.1. Standby Gensets 12.23.2. Continuous Gensets 12.23.3. Peak Sharing Gensets 12.24. Vietnam Multi-Fuel Generator Market Forecast, By Fuel Type 12.24.1. Dual Fuel 12.24.2. Tri Fuel 12.25. Vietnam Multi-Fuel Generator Market Forecast, By Application 12.25.1. Standby Gensets 12.25.2. Continuous Gensets 12.25.3. Peak Sharing Gensets 12.26. Rest of Asia Pacific Multi-Fuel Generator Market Forecast, By Fuel Type 12.26.1. Dual Fuel 12.26.2. Tri Fuel 12.27. Rest of Asia Pacific Multi-Fuel Generator Market Forecast, By Application 12.27.1. Standby Gensets 12.27.2. Continuous Gensets 12.27.3. Peak Sharing Gensets 12.28. Asia Pacific Multi-Fuel Generator Market Attractiveness Analysis 12.28.1. By Fuel Type 12.28.2. By Application 12.29. PEST Analysis 12.30. Key Trends 12.31. Key Developments 13. Middle East & Africa Multi-Fuel Generator Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Multi-Fuel Generator Market Overview 13.3. Middle East & Africa Multi-Fuel Generator Market Value Share Analysis, By Fuel Type 13.4. Middle East & Africa Multi-Fuel Generator Market Forecast, By Fuel Type 13.4.1. Dual Fuel 13.4.2. Tri Fuel 13.5. Middle East & Africa Multi-Fuel Generator Market Value Share Analysis, By Application 13.6. Middle East & Africa Multi-Fuel Generator Market Forecast, By Application 13.6.1. Standby Gensets 13.6.2. Continuous Gensets 13.6.3. Peak Sharing Gensets 13.7. Middle East & Africa Multi-Fuel Generator Market Value Share Analysis, by Country 13.8. Middle East & Africa Multi-Fuel Generator Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Multi-Fuel Generator Market Analysis, by Country 13.10. GCC Multi-Fuel Generator Market Forecast, By Fuel Type 13.10.1. Dual Fuel 13.10.2. Tri Fuel 13.11. GCC Multi-Fuel Generator Market Forecast, By Application 13.11.1. Standby Gensets 13.11.2. Continuous Gensets 13.11.3. Peak Sharing Gensets 13.12. South Africa Multi-Fuel Generator Market Forecast, By Fuel Type 13.12.1. Dual Fuel 13.12.2. Tri Fuel 13.13. South Africa Multi-Fuel Generator Market Forecast, By Application 13.13.1. Standby Gensets 13.13.2. Continuous Gensets 13.13.3. Peak Sharing Gensets 13.14. Rest of Middle East & Africa Multi-Fuel Generator Market Forecast, By Fuel Type 13.14.1. Dual Fuel 13.14.2. Tri Fuel 13.15. Rest of Middle East & Africa Multi-Fuel Generator Market Forecast, By Application 13.15.1. Standby Gensets 13.15.2. Continuous Gensets 13.15.3. Peak Sharing Gensets 13.16. Middle East & Africa Multi-Fuel Generator Market Attractiveness Analysis 13.16.1. By Fuel Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Multi-Fuel Generator Market Analysis 14.1. Key Findings 14.2. South America Multi-Fuel Generator Market Overview 14.3. South America Multi-Fuel Generator Market Value Share Analysis, By Fuel Type 14.4. South America Multi-Fuel Generator Market Forecast, By Fuel Type 14.4.1. Dual Fuel 14.4.2. Tri Fuel 14.5. South America Multi-Fuel Generator Market Value Share Analysis, By Application 14.6. South America Multi-Fuel Generator Market Forecast, By Application 14.6.1. Standby Gensets 14.6.2. Continuous Gensets 14.6.3. Peak Sharing Gensets 14.7. South America Multi-Fuel Generator Market Value Share Analysis, By Application 14.8. South America Multi-Fuel Generator Market Value Share Analysis, by Country 14.9. South America Multi-Fuel Generator Market Forecast, by Country 14.9.1. Brazil 14.9.2. Mexico 14.9.3. Argentina 14.9.4. Rest of South America 14.10. South America Multi-Fuel Generator Market Analysis, by Country 14.11. Brazil Multi-Fuel Generator Market Forecast, By Fuel Type 14.11.1. Dual Fuel 14.11.2. Tri Fuel 14.12. Brazil Multi-Fuel Generator Market Forecast, By Application 14.12.1. Standby Gensets 14.12.2. Continuous Gensets 14.12.3. Peak Sharing Gensets 14.13. Mexico Multi-Fuel Generator Market Forecast, By Fuel Type 14.13.1. Dual Fuel 14.13.2. Tri Fuel 14.14. Mexico Multi-Fuel Generator Market Forecast, By Application 14.14.1. Standby Gensets 14.14.2. Continuous Gensets 14.14.3. Peak Sharing Gensets 14.15. Argentina Multi-Fuel Generator Market Forecast, By Fuel Type 14.15.1. Dual Fuel 14.15.2. Tri Fuel 14.16. Argentina Multi-Fuel Generator Market Forecast, By Application 14.16.1. Standby Gensets 14.16.2. Continuous Gensets 14.16.3. Peak Sharing Gensets 14.17. Rest of South America Multi-Fuel Generator Market Forecast, By Fuel Type 14.17.1. Dual Fuel 14.17.2. Tri Fuel 14.18. Rest of South America Multi-Fuel Generator Market Forecast, By Application 14.18.1. Standby Gensets 14.18.2. Continuous Gensets 14.18.3. Peak Sharing Gensets 14.19. South America Multi-Fuel Generator Market Attractiveness Analysis 14.19.1. By Fuel Type 14.19.2. By Application 14.20. PEST Analysis 14.21. Key Trends 14.22. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Generac Holdings Inc. 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. Kohler Co. 15.3.3. Honda Power Products 15.3.4. Briggs and Stratton 15.3.5. Yamaha Motor Corporation 15.3.6. Cummins Inc. 15.3.7. DuroMax 15.3.8. Pulsar Products 15.3.9. Champion Power Equipments 15.3.10. Caterpillar 15.3.11. Cummins 15.3.12. Kohler Power 15.3.13. Waukesha 15.3.14. Clark Energy 15.3.15. Central Maine Diesel 15.3.16. Ingersoll Rand Energy Systems 15.3.17. Doosan Portable Power 15.3.18. Bryan Power Generation Solutions Group 15.3.19. Powerland 15.3.20. Wartsila Primary Key insights

About This Report

Report ID 72775
Category Energy & Power
Published Date Jan 2021
Updated Date JAN 2022
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