The global generator sales market is growing at a considerable CAGR of 6.0% during the forecast period. Increasing demand for constant power supply flows is one of the prime factors affecting and driving the market. The growing production of oil and gas, along with growing infrastructure development is also estimated to be the key factors that are contributing significantly towards the growth of the market. However, increasing energy storage technologies adoption and shortfalls of components in making generators are the major factor constraints that are hindering the growth of the global generator sales market across the globe.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Generator Sales Market by Type
- Diesel
- Gas
- Other
GlobalGenerator Sales Market by Application
- Standby Power
- Peak Shaving Power
- Prime & Continuous Power
Global Generator Sales Market by End-User
- Industrial
- Commercial
- Residential
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- 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.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global generator sales market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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