July 29, 2019 - 6:50 AM EDT
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Global Generator Sales Market is Expected to Reach USD 31.62 Billion by 2025: Fior Markets

Generator Sales Market by Type (Diesel, Gas, Other), Application (Standby, Peak Shaving, Continuous Power), Power Rating, End User, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

New Jersey, NJ, July 29, 2019 (GLOBE NEWSWIRE) -- Fior Markets launched a study titled,  "Generator Sales Market by Type (Diesel, Gas, Other), Application (Standby, Peak Shaving, Continuous Power), Power Rating, End User, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025". As per the report, the global generator sales market is expected to grow from USD 20.08 Billion in 2017 to USD 31.62 Billion by 2025, at a CAGR of 5.84% during the forecast period from 2018-2025. Increasing demand for the uninterrupted and reliable power supply from a wide range of end-users such as healthcare, commercial facilities, households etc. are providing a boost to the market growth.

Market Outlook of the Generator Sales

  • Generator is a type of device that converts mechanical energy into electrical energy for use in an external circuit. Sources of mechanical energy such as steam, gas, water, or even hand cranks are used by generators to convert it into electrical energy. Electrical energy or power as it is commonly known, has become an integral part of the human life. Power is a primary requirement for the industrial progress and normal operation of factories and manufacturing units, and commercial sector. Thus generators play an important role in ensuring an uninterrupted power supply to these sectors in the event of power failure or any such unforeseen incidences.
  • Although the rising urbanization in the developing economies and growing demand from the IT industry are the factors that are driving the global generator sales market. Increasing adoption of energy storage technologies as well as growing investment on the upgrading the existing transmission and distribution infrastructure are anticipated to present the major roadblocks for the global generator sales market growth. However, rising demand form the developing economies around the world and development of hybrid, bi-fuel, and invertor generators is anticipated to create new opportunities for the global generator sales market in upcoming years. 

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Type Segment Analysis of the Generator Sales Market

  • Diesel
  • Gas
  • Other

On account of its long running life, easy parts and fuel availability, capacity to handle varying loads, and quick response time properties, the diesel generators segment led the global generator sales market with USD 8.79 billion revenue in 2017. Natural gas segment is projected to grow at a steady pace over the forecast period, due to their property for being environmentally friendly and less polluting. The growing adoption of the natural gas-based power generation technologies is anticipated to endow the diesel segment growth during the forecast period.

Power Rating Segment Analysis of the Generator Sales Market

  • 100 kVA
  • 100–350 kVA
  • 350–1,000 kVA
  • Above 1,000 kVA

Owing to their property for providing consistent and prime quality of power supply, as well as growing demand for natural gas generators with a power rating above 1,000 kVA, the 1,000 kVA segment, is projected to grow at an accelerated CAGR of 7.98% over the forecast period.

Application Segment Analysis of the Generator Sales Market

  • Standby
  • Peak Shaving
  • Continuous Power

Growing demand for the uninterrupted and reliable power supply and strict building codes and safety regulations for critical infrastructure are some of the factors that were responsible for standby generator segment to emerge as a dominating player in the global generator sales market with USD 8.85 billion revenue in 2017.  

End User Segment Analysis of the Generator Sales Market

  • Industrial
  • Commercial
  • Residential

Rapid industrialization in the developing economies such as India, China is fuelling the demand for the generators. Thus industrial segment is expected to grow at the highest CAGR of 7.64% over the forecast period.

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Region Segment Analysis of the Generator Sales Market

  • North America (U.S. , Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
  • Asia-Pacific (China, Japan India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific region emerged as the largest market for the generators with a 37.18% share of market revenue in 2017.  Rapid growth of the manufacturing sector within Asia Pacific regions, especially in India and China have been the major contributors to the growth of the generator sales market. Also, the growth of the IT and healthcare sectors as well as rapid urbanization are anticipated to propel Asia Pacific region to attain a highest CAGR of 7.48% over the forecast period. Middle East region accounted for a significant market share in 2017, owing to constant demand from the well-developed oil and gas industry of the region.

Competitive landscape and key vendors

  • Major players in the global Generator Sales market are Caterpillar Inc, Cummins, Rolls-Royce, Mitsubishi Heavy Industries, Yanmar, Kohler Co, MTU Onsite Energy, Himoinsa S.L., Siemens AG, General Electric, Wartsila, Schneider Electric, Generac Holdings Inc, Atlas Copco AB, Wacker Neuson SE, Burtonwood Generator & Switchgear Services Ltd., APR Energy PLC, Mahindra Powerol, and among others.
  • To increase their market footprint and to participate effectively in the highly competitive market, major firms are increasingly emphasizing on launching newer products. For instance, Mahindra Powerol in 2018, announced the launch of its new range of high power diesel generators. These new 400/500/625 kVA diesel generators are powered by Perkins® 2000 series engines. This new range of Generator sets with 12.5 Litre to 18 litre Perkins engine is the latest addition to Mahindra Powerol’s higher kVA product series.
  • There is rising gradual shift from diesel to natural gas generators. Thus major players are increasingly focusing on launching the natural gas run generators. For instance, in 2018, Kohler launched three new industrial light commercial generator models named Kohler 25CCL, 30CCL, and 36CCL for stationary emergency applications. These are 60 Hz generators that can be fuelled by either natural gas or liquid propane.

About the report:

The global generator sales market is analysed on the basis of value (USD Billion), volume (Thousand Units), consumption (Thousand Units), imports (Thousand Units) and exports (Thousand Units). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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Customization of the Report:

The report can be customized as per client requirements. For further queries, you can contact us on [email protected] or +1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.

About Fior Markets

Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.

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Source: GlobeNewswire PR (July 29, 2019 - 6:50 AM EDT)

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