Global Generator Sales Market Report 2019: The Market is Projected to Reach USD 29.3 Billion

5/10/2019, 12:27 PM (Source: GlobeNewswire)

Dublin, May 10, 2019 (GLOBE NEWSWIRE) -- The "Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous), Power Rating (<100 KVA, 100-350 KVA, 350-1000-2500 KVA, 2500-5000 KVA, etc.), End-User (Residential, Commercial, Industrial) - Global Forecast to 2024" report has been added to's offering.

The generator sales market is projected to reach USD 29.3 billion by 2024 from an estimated USD 22.3 billion in 2019, at a CAGR of 5.60% during the forecast period.

Generators can be used in standby, prime, continuous, and peak shaving applications in various end-user sectors such as industrial, commercial, and residential. The main driver of the generator sales market is the rising demand for uninterrupted and reliable power supply from end-users and increased demand for IT infrastructure management. Rising adoption of energy storage technologies can act as a restraint for the generator sales market.

The industrial segment is expected to grow at the highest CAGR from 2019 to 2024

Based on the end-users of generators, the industrial end-user segment is estimated to be the fastest growing market from 2019 to 2024. The segment includes the utility/power generation, oil & gas, and other industries such as mining, marine, chemicals, military, and manufacturing. Growth of the industrial sector in Asia Pacific and the Middle East & Africa is expected to drive the generator sales market.

Asia Pacific: The largest generator sales market

Asia Pacific is currently the largest generators sales market, followed by North America and the Middle East & Africa. China accounted for the maximum share of the Asia Pacific market in 2018. India is projected to grow at the highest CAGR from 2019 to 2024. Growth of the industrial and commercial sectors in countries such as China, India, South Korea, Bangladesh, and Taiwan is expected to drive the Asia Pacific generator sales market. Countries such as China and India are focusing on oil & gas production activities to reduce oil dependency, which is expected to create demand for generator sets in the oil & gas sector.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Generator Sales Market
4.2 Generator Sales Market, By End-User
4.3 Generator Sales Market, By Country
4.4 Generator Sales Market, By Power Rating

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Rising Demand for Uninterrupted & Reliable Power Supply From End-Users Increasing Demand for It Infrastructure Rapid Urbanization in Developing Countries
5.2.2 Restraints Rising Adoption of Energy Storage Technologies Significant Investments to Modernize/Upgrade the Existing T&D Infrastructure
5.2.3 Opportunities Increasing Requirement of Hybrid Generators, Bi-Fuel, and Inverter Generators Developing Economies
5.2.4 Challenges High Operation & Maintenance Cost Stringent Emission & Noise Control Norms

6 Generator Sales Market, By Fuel Type
6.1 Introduction
6.1.1 Diesel Rapid Development of Industrial Infrastructure
6.1.2 Natural Gas Development of Gas Distribution Network By Developing Countries
6.1.3 Others Rising Focus on Development of Alternative Fuels

7 Generator Sales Market, By Power Rating
7.1 Introduction
7.1.1 Below 100 kVA Rapid Development of Telecom, Retail and Other Industries
7.1.2 100-350 kVA Rising Investment in the Construction Industries
7.1.3 350-1,000 kVA Development of Oil & Gas and Mining Industries
7.1.4 1,000-2,500 kVA Increasing Investment for Chemical and Commercial Sector
7.1.5 2,500-5,000 kVA Rising Investment for Power Generation
7.1.6 Above 5,000 kVA Rapid Development of Marine and Mining Industries

8 Generator Sales Market, By Application
8.1 Introduction
8.2 Standby
8.2.1 Rising Demand From Hospitals, Data Centers and Others
8.3 Prime & Continuous
8.3.1 Increasing Demand for Power From Manufacturing Industries
8.4 Peak Shaving
8.4.1 Improving Demand for Power in Summer and Winter Seasons

9 Generator Sales Market, By End-User
9.1 Introduction
9.2 Industrial
9.2.1 Rising Investment in the Industrial Sector
9.2.2 Utilities/Power Generation Improving and Modernizing of Transmission Networks
9.2.3 Oil & Gas Increasing Demand for Heavy Duty Generators
9.2.4 Other Industrial Rising Demand From Marine, Chemical, Military and Manufacturing
9.2.5 Commercial Development of Infrastructure to Cater to the Rapidly Growing Power Demand.
9.2.6 IT & Telecom Increasing Demand From It and Telecom Industry
9.2.7 Healthcare Rising Investment in the Healthcare Sector
9.2.8 Others Increasing Investment for Shopping Complexes
9.2.9 Residential Rising Development of Real Estate Sector

10 Generator Sales Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US Increase in Shale Gas Production and Weather-Related Incident
10.2.2 Canada Rapid Development of Oil & Gas Industry
10.2.3 Mexico Increasing Investment for the Development of Natural Gas Industry
10.3 South America
10.3.1 Brazil Development of Southern and Eastern Parts of the Nation
10.3.2 Argentina Rising Offshore Exploration and Foreign Investments
10.3.3 Rest of South America
10.4 Asia Pacific
10.4.1 China Development of Industrial and Real Estate Sector
10.4.2 India Increased Demand for Development of Green Building
10.4.3 Japan Renovation of Grid Infrastructure and Rising Natural Gas Production
10.4.4 Australia Rising Development of Construction and Mining Activities
10.4.5 South Korea Increasing Investment for Natural Gas
10.4.6 Rest of Asia Pacific
10.5 Europe
10.5.1 Russia Rising Investment for Transport and Healthcare Infrastructure
10.5.2 UK Rapid Development of ICT Buildings and Aged Infrastructure
10.5.3 Germany Increasing Development of Renewable Energy
10.5.4 France Increased Demand for Grid Infrastructure
10.5.5 Rest of Europe
10.6 Middle East & Africa
10.6.1 Saudi Arabia Plans for Investment in Infrastructure Development
10.6.2 UAE Rising Focus on Expansion of the Oil & Gas and Tourism Sector
10.6.3 South Africa Increasing Focus on Development of Construction Sector
10.6.4 Nigeria Rapid Development of Transmission and Distribution Network
10.6.5 Algeria Increasing Demand for Industrial Sector
10.6.6 Rest of Middle East & Africa

11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking Analysis, 2018
11.3 Competitive Scenario
11.3.1 New Product Developments (2016-2018)
11.3.2 Investments & Expansions (2015-2017)
11.3.3 Mergers & Acquisitions (2015-2016)
11.3.4 Contracts & Agreements (2016-2017)
11.3.5 Others (Partnerships/Collaborations/Joint Ventures/Awards & Recognitions) (2016)
11.4 Micro Quadrant Overview
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic Differentiators
11.4.4 Emerging

12 Company Profiles
12.1 Benchmarking
12.2 Caterpillar
12.3 Yanmar
12.4 MQ Power
12.5 Kohler
12.6 Generac
12.7 Cummins
12.8 Wacker Neuson
12.9 Wartsila
12.10 Rolls-Royce (MTU Onsite Energy)
12.11 Briggs & Stratton
12.12 Mitsubishi Heavy Industries
12.13 Sterling & Wilson
12.14 Weichai Group

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Related Topics: Generators 


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