The global generator sales market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2021-2027). The speeding up in industrialization is one of the prime factors affecting and driving the market most importantly in the emerging nations that include Brazil, India along with China. This in turn is increasing the demand for generators that are utilized in manufacturing activities related to the industry as they act as a secondary supporting element in the time of power crisis. Additionally, through generators’ presence, any risk associated with operations of the business is also reduced which will lead to an increase in the total income of business along with improving the living standards of the society.
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Moreover, the emerging focus on the requirement of hybrid generators along with electrification of rural areas is acting as the key factor that is creating opportunities in the market. New product launches in the market are likely to drive the growth of the generator sales market. For instance, in September 2020, one of the companies named Caterpillar had introduced the Cat G3412 natural gas-fueled generator set that has US EPA stationary emergency certification rated at 500 kW for 60 Hz markets. The G3412 is designed in such a manner that it will fulfill all the requirements such as quick starting and loading capability, meeting NFPA 110 Level 1 Type 10 standards along with being UL 2200 listed. Additionally, with the presence of skin-tight and canopy enclosure options, it is matched for standby application that includes edge data centers along with healthcare, office buildings, retail complexes, and government facilities and it also comes with a package-mounted radiator and simplified wiring connections.
The key players present in the global generator sales market had been adopting various strategies that include new launches and investment to gain major market share. For instance, in October 2020, Rolls-Royce plc had set forth to invest around $13.9 million in its Power Systems business unit for the purpose of enlarging its MTU power generation manufacturing facility in the US.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Caterpillar, Cummins Inc., Rolls-Royce plc, Generac Power Systems, Inc. and Siemens Energy
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Global Generator Sales Market Segmentation
By Type
- Diesel
- Gas
- Other
By Application
- Standby Power
- Peak Shaving Power
- Prime & Continuous Power
By End-User
- Industrial
- Commercial
- Residential
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- ABB
- Atlas Copco
- AKSA POWER GENERATION
- Briggs & Stratton
- Caterpillar
- Cummins Inc.
- Generac Power Systems, Inc.
- Greaves Cotton Ltd.
- Kohler Co.
- Multiquip Inc.
- Rolls-Royce plc
- Siemens Energy
- Wärtsilä
- Weichai Holding Group Co.,Ltd.
- YANMAR HOLDINGS CO., LTD.
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