Generator Market

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Generator Market by Fuel Type (Diesel, Gas, LPG, biofuels), Power Rating (Up to 50 kW, 51–280 kW, 281-500 kW, 501-2000 kW, 2001-3500 kW, Above 3500 kW), Application, End-User Industry, Design, Sales Channel, Region - Global Forecast to 2030

Published ON Jun, 2023
Report Code EP 3131
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Report Code: EP 3131 Jun, 2023, by marketsandmarkets.com

The generator market size was valued at $23.1 billion in 2023 to reach $34.5 billion in 2030, growing at a CAGR of 5.9% from 2023 to 2030. The increasing power demand driven by industrialization, urbanization, and population growth, has led to a significant increase in power generation capacity worldwide. Generators are essential for backup power during outages and to ensure uninterrupted operations, driving the demand for generators. Remote and off-grid locations, such as rural areas, remote construction sites, and mining operations, often lack access to reliable grid power. Generators become the primary source of power in such situations.

Generator Market

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Generator Market Opportunities

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Generator Market Dynamics

Driver: Rapid industrialization owing the demand for generator

One of the key drivers of generator is the growing industrial sector. Manufacturing plants, factories, and industrial facilities heavily rely on a consistent power supply to operate their machinery, equipment, and production lines. Any disruption in the grid can result in substantial financial losses, downtime, and compromised productivity. Generators act as a dependable backup power source, ensuring uninterrupted operations during power outages or unstable grid condition

Restraint: High operational costs involved in the diesel generators owing to high fuel price

The generator market has encountered restraints due to the high operational costs associated with diesel generators, primarily caused by the escalating fuel prices. Diesel generators have been widely used as a reliable source of backup power, but the increasing cost of fuel has posed challenges for businesses and industries relying on these generators. The surge in fuel prices has led to concerns over the affordability and sustainability of operating diesel generators, impacting the sales dynamics in the market. Fluctuating global crude oil prices, geopolitical factors, and supply-demand imbalances have resulted in higher fuel costs. Diesel fuel prices can vary significantly across regions and countries, making it a substantial operational expense for businesses that rely on generators for continuous power supply

Opportunity: Rising adoption of hybrid generators, bi-fuel generators, and inverter generators

Various alternative fuel sources are being developed to replace traditional fossil fuels, driving innovation in the generator industry. Original Equipment Manufacturers (OEMs) are offering hybrid generators that combine internal combustion engines with batteries. These hybrid gensets optimize power delivery by utilizing the engine during high-load periods and relying on the battery during lower-load times. By reducing running time, fuel consumption, and noise, hybrid generators offer significant advantages over conventional gensets. They are expected to find applications in mobile gensets for remote areas, urban construction sites, and the mining sector

Challenge: Stringent government regulations for the conventional fuel generators

Diesel generators are used for a wide range of residential, commercial, and industrial applications. When diesel is burnt, it emits oxides of nitrogen, carbon monoxide, and particulate matter. These emissions are directly released into the atmosphere, and they deteriorate the environment and inhabitants. Several regulations have been implemented across the world to reduce air pollution by generator sets. With growing environmental concerns, each country has developed its regulations and policies to reduce air pollution.

Generator Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of generator market and components. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Caterpillar (US), Cummins (US), Generac (US), and Rolls-Royce Holdings (UK).

Generator Market Ecosystem

Indirect Sales Channel are expected to dominate the market on based on sales channel

Indirect sales channel such as  OEMs, third-party service providers, procure generators and equipment from manufacturers and provide services to different end users. Indirect sales channels typically have a local presence in specific geographic regions. This localized approach allows them to have a better understanding of the local market dynamics, build relationships with customers, and provide prompt after-sales service and support. Indirect sales channels can help generator manufacturers penetrate new markets or reach customer segments that may be challenging to access directly. By leveraging the expertise and networks of distributors or dealers, manufacturers can expand their market reach more efficiently.

Stationary segment, by design, to hold the largest market share during the forecast period during the forecast period

The stationary segment accounted for a larger market share during the forecast Stationary generators are designed for long-term use and can provide continuous power for extended periods. They are built to withstand heavy loads and are commonly used as primary or backup power sources in buildings, factories, data centers, hospitals, and other stationary installations..

Asia Pacific is expected to account for the largest market size during the forecast period.

Asia Pacific is expected to be the largest and fastest-growing market due to the high demand for power products in China and India. The generator market in Asia Pacific is witnessing rapidly growing population, which drives the need for infrastructure development, industrial expansion, and increased power demand. Generators are essential for meeting the rising electricity needs in residential, commercial, and industrial sectors. Governments across the Asia Pacific region are investing heavily in infrastructure development, including energy, transportation, and telecommunications. These projects require reliable power sources, and generators are often used as temporary or backup power solutions during the construction phase and as standby power for critical infrastructure.

Asia Paciffic Generator Market Size, and Share

Key Market Players

Some of the major players in the generator market are Caterpillar Inc. (US), Cummins Inc. (US), Rolls-Royce Holdings plc (UK), Generac Holdings Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan).

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Scope of the Report

Report Metric

Details

Market size available for years

2021–2030

Base year considered

2022

Forecast period

2024–2030

Forecast units

Value (USD Billion)

Segments covered

Fuel Type, End User, Power Rating, Application, Design, Sales Channel, and Region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

Caterpillar (US), Cummins (US), Rolls-Royce Holdings (UK), Weichai Group (China), Kohler Co. (US), Atlas Copco (Sweden), Denyo (Japan), Wacker Neuson (Germany), Generac (US), Doosan (South Korea), Greaves Cotton Limited (India), Kirloskar Oil Engines Ltd. (India), Siemens (Germany), Aksa Energy (Turkey), Wärtsilä (Finland), Honda (Japan), Briggs & Stratton (US), ABB (Germany), Yanmar (Japan), Cooper Corp (India), Jubaili Bros (UAE), Southwest Products (US), Sterling & Wilson (India), and Siam Telemach (Thailand).

This research report categorizes the generator market by fuel type, end user, power rating, application, design, sales channel, and region

On the basis of fuel type:
  • Diesel
  • Gas
  • LPG
  • Biofuel
  • Coal Gas
  • Producer Gas
  • Fuel Cell
On the basis of application:
  • Standby
  • Prime & Continuous
  • Peak Shaving
On the basis of end- user industry:
  • Industrial
    • Utilities/Power Generation
    • Oil & Gas
    • Chemicals & Petrochemicals
    • Mining & Metals
    • Manufacturing
    • Marine
    • Construction
    • Others (Agriculture, Transportation, and Aerospace & Defense)
  • Commercial
    • IT & Telecom
    •  Healthcare
    • Data Centers
    • Others (Hotels, Shopping Complexes, Malls, and Public Infrastructure)
  • Residential
On the basis of by power rating:
  • Up To 50 KW
    • Up To 10 KW
    • 11–20 KW
    • 21–30 KW
    • 31–40 KW
    • 41–50 KW
    • 51–280 KW
    • 281–500 KW
    • 501–2,000 KW
    • 2,001–3,500 KW
    • Above 3,500 KW
On the basis of by sales channel:
  • Direct
  • Indirect
On the basis of by sales channel:
  • Stationary
  • Portable
On the basis of region:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In January 2022, Caterpillar launched Cat G3516 natural gas-fueled Fast Response generator set with US EPA Certification for use in emergency and non-emergency applications.
  • In January 2022, Rolls-Royce, along with its distributor partner Knopf & Wallisch (K&W), supplied three mtu customized and containerized combined cooling, heat and power plant (CCHP) trigeneration units to Romanian cloud service provider ClusterPower.
  • In October 2021, Generac announced the introduction of two new large diesel units – the MDE330 and MDE570 diesel mobile generators, which are aimed at providing ease of operation and maintenance. The rental-ready machines feature wide-opening removable doors to maximize serviceability.
  • In August 2021, Toho Gas and MHIET Successfully Conduct Test Operation of City Gas and Hydrogen Mixed-fuel Combustion in a Commercial Gas Engine for a Cogeneration System.
  • In March 2021, Cummins Power Systems introduced the C2750D5BE. The new model complements the successful QSK60 series, extending its standby power range from 2500kVA to 2750kVA for 50Hz markets

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION AND SCOPE 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 GENERATOR MARKET, BY FUEL TYPE
           1.3.2 MARKET, BY POWER RATING
           1.3.3 MARKET, BY SALES CHANNEL
           1.3.4 MARKET, BY DESIGN
           1.3.5 MARKET, BY END USER
    1.4 MARKET SCOPE 
           1.4.1 MARKET SEGMENTATION
           1.4.2 YEARS CONSIDERED
           1.4.3 REGIONAL SCOPE
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
    1.9 SUMMARY OF CHANGES 
    1.1 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 46)
    2.1 RESEARCH DATA 
           FIGURE 1 GENERATOR MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
                    2.2.2.3 Breakdown of primary interviews
    2.3 MARKET SCOPE 
           FIGURE 3 MAIN METRICS CONSIDERED WHILE ANALYZING TRENDS AND ASSESSING DEMAND FOR GENERATORS
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.4.3 DEMAND-SIDE ANALYSIS
                    2.4.3.1 Regional analysis
                    2.4.3.2 Country-level analysis
                    2.4.3.3 Demand-side assumptions
                    2.4.3.4 Demand-side calculations
           2.4.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GENERATOR 
                    FIGURE 7 GENERATOR MARKET: SUPPLY-SIDE ANALYSIS
                    2.4.4.1 Supply-side assumptions
                    2.4.4.2 Supply-side calculations
                               FIGURE 8 COMPANY REVENUE ANALYSIS, 2022
           2.4.5 FORECAST ASSUMPTIONS
    2.5 RISK ASSESSMENT 
    2.6 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 59)
    TABLE 1 GENERATOR MARKET SNAPSHOT 
    FIGURE 9 ASIA PACIFIC DOMINATED MARKET IN 2022 
    FIGURE 10 DIESEL FUEL TYPE TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD 
    FIGURE 11 ABOVE 3500 KW SEGMENT TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD 
    FIGURE 12 UP TO 10 KW SEGMENT TO HOLD LARGEST SIZE OF UP TO 50 KW MARKET FROM 2023 TO 2030 
    FIGURE 13 STANDBY SEGMENT TO LEAD GENERATOR MARKET DURING FORECAST PERIOD 
    FIGURE 14 INDUSTRIAL SEGMENT TO CAPTURE LARGEST SHARE OF MARKET IN 2030 
    FIGURE 15 INDIRECT SALES CHANNELS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE FROM 2023 TO 2030 
    FIGURE 16 STATIONARY SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 
 
4 PREMIUM INSIGHTS (Page No. - 65)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GENERATOR MARKET 
           FIGURE 17 INCREASING DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY TO DRIVE GROWTH OF MARKET
    4.2 MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY 
           FIGURE 18 INDUSTRIAL SECTOR AND CHINA WERE LARGEST SHAREHOLDERS IN MARKET IN ASIA PACIFIC IN 2022
    4.3 MARKET, BY FUEL TYPE 
           FIGURE 19 DIESEL-POWERED GENERATORS TO DOMINATE MARKET IN 2030
    4.4 MARKET, BY APPLICATION 
           FIGURE 20 PRIME & CONTINUOUS APPLICATIONS TO DOMINATE MARKET IN 2030
    4.5 MARKET, BY POWER RATING 
           FIGURE 21 UP TO 50 KW SEGMENT TO DOMINATE MARKET IN 2030
    4.6 MARKET, BY SALES CHANNEL 
           FIGURE 22 INDIRECT SALES CHANNELS TO DOMINATE MARKET IN 2030
    4.7 MARKET, BY DESIGN 
           FIGURE 23 STATIONARY SEGMENT TO LEAD MARKET IN 2030
    4.8 MARKET, BY END USER 
           FIGURE 24 INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030
 
5 MARKET OVERVIEW (Page No. - 69)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 25 GENERATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for uninterrupted and reliable power supply
                               FIGURE 26 ATLANTIC HURRICANE SEASON OUTLOOK, 2022
                    5.2.1.2 Rapid industrialization worldwide
                               TABLE 2 GREENFIELD PROJECTS, BY SECTOR AND SELECTED INDUSTRIES, 2020–2021
                    5.2.1.3 Growing popularity of fuel cell generators
           5.2.2 RESTRAINTS
                    5.2.2.1 High operational costs associated with diesel generators
                               FIGURE 27 AVERAGE WEEKLY DIESEL RETAIL PRICE IN US, 2016–2022
                    5.2.2.2 High capital expenditure associated with hydrogen energy storage
                    5.2.2.3 Rise in investments in upgrading T&D infrastructure worldwide
                               TABLE 3 T&D INFRASTRUCTURE EXPANSION PLANS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising adoption of fuel cell generators across several industries for backup power
                               TABLE 4 TYPES OF FUEL CELL TECHNOLOGIES
                    5.2.3.2 Increasing deployment of hybrid, bi-fuel, and inverter generators
                    5.2.3.3 Government initiatives supporting development of hydrogen economy
           5.2.4 CHALLENGES
                    5.2.4.1 Stringent government regulations pertaining to conventional fuel generators
                    5.2.4.2 Longer start-up times of solid oxide fuel cells
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN MARKET
                    FIGURE 28 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN MARKET
    5.4 ECOSYSTEM MAPPING 
           FIGURE 29 GENERATOR MARKET: ECOSYSTEM
           TABLE 5 MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 30 GENERATOR MARKET: VALUE CHAIN ANALYSIS
           5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.5.2 COMPONENT MANUFACTURERS
           5.5.3 GENERATOR MANUFACTURERS/ASSEMBLERS
           5.5.4 DISTRIBUTORS/END USERS
           5.5.5 POST-SALES SERVICE PROVIDERS
    5.6 AVERAGE SELLING PRICE TREND 
           FIGURE 31 GLOBAL AVERAGE SELLING PRICE OF GENERATORS, 2022
           TABLE 6 AVERAGE SELLING PRICE OF GENERATORS, BY POWER RATING
           TABLE 7 PRICING ANALYSIS, BY REGION
           FIGURE 32 PRICING ANALYSIS, BY REGION
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 DIGITALIZATION AND IOT INTEGRATION IN GENERATORS
           5.7.2 HYBRID GENERATOR SYSTEMS
           5.7.3 POWER MANAGEMENT SYSTEMS
    5.8 TRADE DATA 
           TABLE 8 GLOBAL IMPORTS DATA FOR GENERATORS, 2020–2022 (USD MILLION)
           TABLE 9 GLOBAL EXPORTS DATA FOR GENERATORS, 2020–2022 (USD MILLION)
    5.9 TARIFF AND REGULATORY LANDSCAPE 
           5.9.1 TARIFFS APPLICABLE TO GENERATORS
                    TABLE 10 IMPORT TARIFFS FOR HS 850161 AC GENERATORS OF OUTPUT <75 KVA
                    TABLE 11 IMPORT TARIFFS FOR HS 850162 AC GENERATORS OF OUTPUT 75–375 KVA
                    TABLE 12 IMPORT TARIFFS FOR HS 850163 AC GENERATORS OF OUTPUT 375–750 KVA
                    TABLE 13 IMPORT TARIFFS FOR HS 850164 AC GENERATORS OF OUTPUT >750 KVA
           5.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 17 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.9.3 CODES AND REGULATIONS RELATED TO GENERATOR SETS
                    TABLE 19 GENERATOR MARKET: CODES AND REGULATIONS
    5.10 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 33 GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022
           TABLE 20 GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022
           5.10.1 THREAT OF NEW ENTRANTS
           5.10.2 BARGAINING POWER OF SUPPLIERS
           5.10.3 BARGAINING POWER OF BUYERS
           5.10.4 THREAT OF SUBSTITUTES
           5.10.5 INTENSITY OF COMPETITIVE RIVALRY
    5.11 INNOVATIONS AND PATENT REGISTRATIONS 
                    TABLE 21 GENERATORS: INNOVATIONS AND PATENT REGISTRATIONS, 2018–2022
    5.12 CASE STUDY ANALYSIS 
           5.12.1 GENESAL ENERGY OFFERED SILENT AND ANTI-HURRICANE GENERATOR SETS TO HOSPITAL IN TRINIDAD AND TOBAGO
           5.12.2 GENERAC INDUSTRIAL POWER PROVIDED COMPREHENSIVE BACKUP POWER SOLUTION TO ENTERGY
           5.12.3 CUMMINS PROVIDED URGENT STANDBY POWER TO SEVEN-UP PLANT IN NIGERIA
           5.12.4 JS POWER PROVIDED REMOTE MONITORING SOLUTION WITH REAL-TIME FUEL-LEVEL MONITORING FEATURE TO IT FACILITY
           5.12.5 CK POWER OFFERED CUSTOM GENERATOR SOLUTION TO PHENIX TECHNOLOGIES
    5.13 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 22 GENERATOR MARKET: LIST OF CONFERENCES AND EVENTS
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
                    TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
           5.14.2 BUYING CRITERIA
                    FIGURE 35 KEY BUYING CRITERIA FOR END USERS
                    TABLE 24 KEY BUYING CRITERIA, BY END USER
 
6 GENERATOR MARKET, BY FUEL TYPE (Page No. - 117)
    6.1 INTRODUCTION 
           FIGURE 36 GENERATOR MARKET, BY FUEL TYPE, 2022
           TABLE 25 MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)
    6.2 DIESEL 
           6.2.1 EASY AVAILABILITY OF DIESEL AND LONG LIFE OF DIESEL GENERATORS TO DRIVE MARKET
                    TABLE 26 DIESEL: MARKET, BY REGION, 2021–2030 (USD MILLION)
    6.3 GAS 
           6.3.1 EXPANDING GAS DISTRIBUTION NETWORK TO PROPEL MARKET GROWTH
                    TABLE 27 GAS: MARKET, BY REGION, 2021–2030 (USD MILLION)
    6.4 LPG 
           6.4.1 AFFORDABILITY OF LPG TO DRIVE MARKET
                    TABLE 28 LPG: MARKET, BY REGION, 2021–2030 (USD MILLION)
    6.5 BIOFUELS 
           6.5.1 DEMAND FOR SUSTAINABLE AND LOW-CARBON FUELS TO FOSTER MARKET GROWTH
                    TABLE 29 BIOFUELS: MARKET, BY REGION, 2021–2030 (USD MILLION)
    6.6 COAL GAS 
           6.6.1 RELIABLE AND EASY ACCESSIBILITY OF FUELS TO PROPEL MARKET GROWTH
                    TABLE 30 COAL GAS: MARKET, BY REGION, 2021–2030 (USD MILLION)
    6.7 GASOLINE 
           6.7.1 SUITABILITY FOR PORTABLE APPLICATIONS TO PROPEL MARKET GROWTH
                    TABLE 31 GASOLINE: MARKET, BY REGION, 2021–2030 (USD MILLION)
    6.8 PRODUCER GAS 
           6.8.1 COST-EFFECTIVENESS OF FEEDSTOCKS TO BOOST MARKET GROWTH
                    TABLE 32 PRODUCER GAS: MARKET, BY REGION, 2021–2030 (USD MILLION)
    6.9 FUEL CELLS 
           6.9.1 INCREASING FOCUS ON ACHIEVING SUSTAINABILITY TARGETS TO DECARBONIZE BUSINESSES TO DRIVE MARKET
                    TABLE 33 FUEL CELLS: GENERATOR MARKET, BY REGION, 2021–2030 (USD MILLION)
 
7 GENERATOR MARKET, BY POWER RATING (Page No. - 128)
    7.1 INTRODUCTION 
           FIGURE 37 GENERATOR MARKET, BY POWER RATING, 2022
           TABLE 34 GENERATOR MARKET, BY POWER RATING, 2021–2030 (USD MILLION)
    7.2 UP TO 50 KW 
           7.2.1 GROWING DEMAND FROM SMALL COMMERCIAL END USERS AND HOMEOWNERS TO DRIVE MARKET
                    FIGURE 38 MARKET, BY UP TO 50 KW POWER RATING, 2022
                    TABLE 35 UP TO 50 KW: MARKET, BY POWER RATING, 2021–2030 (USD MILLION)
                    TABLE 36 UP TO 50 KW: MARKET, BY REGION, 2021–2030 (USD MILLION)
    7.3 UP TO 10 KW 
           7.3.1 AVAILABILITY OF WIDE VARIETY OF GENERATOR OPTIONS AND SERVICES TO SUPPORT MARKET GROWTH
    7.4 11–20 KW 
           7.4.1 DEPLOYMENT IN SMALL-SCALE COMMERCIAL AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET
    7.5 21–30 KW 
           7.5.1 HIGH REQUIREMENT FOR RELIABLE AND EFFICIENT ENERGY BACKUP SOLUTIONS TO DRIVE SEGMENTAL GROWTH
    7.6 31–40 KW 
           7.6.1 REQUIREMENT FOR SEAMLESS BUSINESS CONTINUITY AND CRITICAL INFRASTRUCTURE SUPPORT ACROSS INDUSTRIES TO DRIVE MARKET
    7.7 41–50 KW 
           7.7.1 DEMAND FOR POWER BACKUP SYSTEMS FROM RESIDENTIAL AND COMMERCIAL END USERS TO CONTRIBUTE TO MARKET GROWTH
    7.8 51–280 KW 
           7.8.1 INCREASING USE OF GENERATORS AT REMOTE CONSTRUCTION SITES AND INFRASTRUCTURE DEVELOPMENT PROJECTS TO DRIVE MARKET
                    TABLE 37 51–280 KW: MARKET, BY REGION, 2021–2030 (USD MILLION)
    7.9 281–500 KW 
           7.9.1 HIGH DEMAND FROM OIL & GAS AND MINING INDUSTRIES TO FUEL MARKET GROWTH
                    TABLE 38 281–500 KW: MARKET, BY REGION, 2021–2030 (USD MILLION)
    7.10 501–2,000 KW 
           7.10.1 RISING DEPLOYMENT IN CHEMICAL, PETROCHEMICAL, AND COMMERCIAL SECTORS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
                    TABLE 39 501–2,000 KW: MARKET, BY REGION, 2021–2030 (USD MILLION)
    7.11 2,001–3,500 KW 
           7.11.1 INCREASED REQUIREMENTS FROM POWER GENERATION SECTOR TO ENHANCE SEGMENTAL GROWTH
                    TABLE 40 2,001–3,500 KW: MARKET, BY REGION, 2021–2030 (USD MILLION)
    7.12 ABOVE 3,500 KW 
           7.12.1 GROWING DEMAND FOR UNINTERRUPTED POWER SUPPLY IN MARINE SECTOR TO DRIVE MARKET
                    TABLE 41 ABOVE 3,500 KW: MARKET, BY REGION, 2021–2030 (USD MILLION)
 
8 GENERATOR MARKET, BY SALES CHANNEL (Page No. - 138)
    8.1 INTRODUCTION 
           FIGURE 39 MARKET, BY SALES CHANNEL, 2022
           TABLE 42 MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)
    8.2 DIRECT 
           8.2.1 STRONG FOCUS OF CUSTOMERS ON COST SAVING TO FUEL SEGMENTAL GROWTH
                    TABLE 43 DIRECT: MARKET, BY REGION, 2021–2030 (USD MILLION)
    8.3 INDIRECT 
           8.3.1 EFFECTIVE LOGISTICS MANAGEMENT TO SUPPORT SEGMENTAL GROWTH
                    TABLE 44 INDIRECT: MARKET, BY REGION, 2021–2030 (USD MILLION)
 
9 GENERATOR MARKET, BY DESIGN (Page No. - 141)
    9.1 INTRODUCTION 
           FIGURE 40 MARKET, BY DESIGN, 2022
           TABLE 45 MARKET, BY DESIGN, 2021–2030 (USD MILLION)
    9.2 STATIONARY 
           9.2.1 GROWING ADOPTION OF GENERATORS AS BACKUP POWER SOLUTIONS FOR UNINTERRUPTED OPERATIONS TO DRIVE MARKET
                    TABLE 46 STATIONARY: MARKET, BY REGION, 2021–2030 (USD MILLION)
    9.3 PORTABLE 
           9.3.1 COMPACTNESS AND PORTABILITY FEATURES TO BOOST SEGMENTAL GROWTH
                    TABLE 47 PORTABLE: MARKET, BY REGION, 2021–2030 (USD MILLION)
 
10 GENERATOR MARKET, BY APPLICATION (Page No. - 144)
     10.1 INTRODUCTION 
               FIGURE 41  MARKET, BY APPLICATION, 2022
               TABLE 48 MARKET, BY APPLICATION, 2021–2030 (USD MILLION)
     10.2 STANDBY 
             10.2.1 INCREASING FREQUENCY OF POWER OUTAGES TO DRIVE DEMAND
                       TABLE 49 STANDBY: MARKET, BY REGION, 2021–2030 (USD MILLION)
     10.3 PRIME & CONTINUOUS 
             10.3.1 GROWING NUMBER OF OFF-GRID CONSTRUCTION, MINING, AND MILITARY OPERATIONS TO PROPEL DEMAND
                       TABLE 50 PRIME & CONTINUOUS: MARKET, BY REGION, 2021–2030 (USD MILLION)
     10.4 PEAK SHAVING 
             10.4.1 HIGH UTILITY COSTS DURING SUMMER AND WINTER SEASONS TO FUEL DEMAND
                       TABLE 51 PEAK SHAVING: MARKET, BY REGION, 2021–2030 (USD MILLION)
 
11 GENERATOR MARKET, BY END USER (Page No. - 149)
     11.1 INTRODUCTION 
               FIGURE 42 MARKET, BY END USER, 2022
               TABLE 52 MARKET, BY END USER, 2021–2030 (USD MILLION)
     11.2 INDUSTRIAL 
             11.2.1 NEED TO MAINTAIN CONSISTENT POWER SUPPLY TO FUEL MARKET GROWTH
                       FIGURE 43 MARKET, BY INDUSTRIAL END USER, 2022
                       TABLE 53 MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                       TABLE 54 INDUSTRIAL: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.2.2 UTILITIES/POWER GENERATION
                       11.2.2.1 Increasing adoption of generators for standby power and peak demand management in remote areas to fuel market growth
                                   TABLE 55 UTILITIES/POWER GENERATION: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.2.3 OIL & GAS
                       11.2.3.1 Accelerated installation of modern drilling machines to drive market
                                   TABLE 56 OIL & GAS: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.2.4 CHEMICAL & PETROCHEMICAL
                       11.2.4.1 Growing focus of companies on improving operational efficiency through constant and reliable power supply to boost demand for generator sets
                                   TABLE 57 CHEMICAL & PETROCHEMICAL: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.2.5 MINING & METAL
                       11.2.5.1 Rising use of portable and reliable energy backup systems in mining operations to drive market
                                   TABLE 58 MINING & METAL: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.2.6 MANUFACTURING
                       11.2.6.1 Need to reduce production losses to fuel demand
                                   TABLE 59 MANUFACTURING: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.2.7 MARINE
                       11.2.7.1 Accelerating demand for marine generators to drive market
                                   TABLE 60 MARINE: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.2.8 CONSTRUCTION
                       11.2.8.1 High demand from remote construction sites to propel market growth
                                   TABLE 61 CONSTRUCTION: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.2.9 OTHERS
                       TABLE 62 OTHERS: MARKET, BY REGION, 2021–2030 (USD MILLION)
     11.3 COMMERCIAL 
             11.3.1 NEED FOR UNINTERRUPTED PLANT OPERATION TO DRIVE MARKET
                       FIGURE 44 MARKET, BY COMMERCIAL END USER, 2022
                       TABLE 63 MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       TABLE 64 COMMERCIAL: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.3.2 HEALTHCARE
                       11.3.2.1 Increasing focus on sustainable healthcare management to support market growth
                       TABLE 65 HEALTHCARE: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.3.3 IT & TELECOM
                       11.3.3.1 Business continuity requirements to drive generator demand
                                   TABLE 66 IT & TELECOM: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.3.4 DATA CENTERS
                       11.3.4.1 Higher demand for uptime and operational efficiency to drive market
                                   TABLE 67 DATA CENTERS: MARKET, BY REGION, 2021–2030 (USD MILLION)
             11.3.5 OTHERS
                       TABLE 68 OTHERS: MARKET, BY REGION, 2021–2030 (USD MILLION)
     11.4 RESIDENTIAL 
             11.4.1 RISING NEED FOR POWER BACKUP IN EXTREME WEATHER CONDITIONS TO DRIVE DEMAND
                       TABLE 69 RESIDENTIAL: MARKET, BY REGION, 2021–2030 (USD MILLION)
 
12 GENERATOR MARKET, BY REGION (Page No. - 166)
     12.1 INTRODUCTION 
               FIGURE 45 GENERATOR MARKET IN NORTH AMERICA TO GROW AT FASTEST RATE DURING FORECAST PERIOD
               FIGURE 46 MARKET, BY REGION, 2022
               TABLE 70 MARKET, BY REGION, 2021–2030 (USD MILLION)
               TABLE 71 MARKET, BY REGION, 2021–2030 (THOUSAND UNITS)
               TABLE 72 FUEL CELLS: MARKET, BY REGION, 2021–2030 (MW)
     12.2 ASIA PACIFIC 
             12.2.1 IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC
                       FIGURE 47 ASIA PACIFIC: MARKET SNAPSHOT
             12.2.2 BY FUEL TYPE
                       TABLE 73 ASIA PACIFIC: MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)
             12.2.3 BY POWER RATING
                       TABLE 74 ASIA PACIFIC: MARKET, BY POWER RATING, 2021–2030 (USD MILLION)
                       TABLE 75 UP TO 50 KW: MARKET IN ASIA PACIFIC, BY POWER RATING, 2021–2030 (USD MILLION)
             12.2.4 BY APPLICATION
                       TABLE 76 ASIA PACIFIC: MARKET, BY APPLICATION, 2021–2030 (USD MILLION)
             12.2.5 BY END USER
                       TABLE 77 ASIA PACIFIC: MARKET, BY END USER, 2021–2030 (USD MILLION)
                       TABLE 78 ASIA PACIFIC: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                       TABLE 79 ASIA PACIFIC: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
             12.2.6 BY SALES CHANNEL
                       TABLE 80 ASIA PACIFIC: MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)
             12.2.7 BY DESIGN
                       TABLE 81 ASIA PACIFIC: MARKET, BY DESIGN, 2021–2030 (USD MILLION)
             12.2.8 BY COUNTRY
                       TABLE 82 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                       12.2.8.1 China
                                   12.2.8.1.1 Rising energy demand coupled with increased urbanization and industrialization to promote market growth
                                   TABLE 83 CHINA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 84 CHINA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 85 CHINA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.2.8.2 India
                                   12.2.8.2.1 Increased need for reliable electricity and rapid economic growth to drive market
                                   TABLE 86 INDIA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 87 INDIA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 88 INDIA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.2.8.3 Japan
                                   12.2.8.3.1 Growing natural gas infrastructure to boost market growth
                                   TABLE 89 JAPAN: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 90 JAPAN: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 91 JAPAN: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.2.8.4 Australia
                                   12.2.8.4.1 Developing construction and mining activities to accelerate market growth
                                   TABLE 92 AUSTRALIA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 93 AUSTRALIA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 94 AUSTRALIA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.2.8.5 South Korea
                                   12.2.8.5.1 Growing investments in manufacturing and marine industries to drive market
                                   TABLE 95 SOUTH KOREA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 96 SOUTH KOREA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 97 SOUTH KOREA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.2.8.6 New Zealand
                                   12.2.8.6.1 Need to achieve net-zero goals to accelerate market growth
                                   TABLE 98 NEW ZEALAND: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 99 NEW ZEALAND: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 100 NEW ZEALAND: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.2.8.7 Rest of Asia Pacific
                                   TABLE 101 REST OF ASIA PACIFIC: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 102 REST OF ASIA PACIFIC: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 103 REST OF ASIA PACIFIC: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
     12.3 NORTH AMERICA 
             12.3.1 IMPACT OF RECESSION ON MARKET IN NORTH AMERICA
                       FIGURE 48 NORTH AMERICA: MARKET SNAPSHOT
             12.3.2 BY FUEL TYPE
                       TABLE 104 NORTH AMERICA: MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)
             12.3.3 BY POWER RATING
                       TABLE 105 NORTH AMERICA: MARKET, BY POWER RATING, 2021–2030 (USD MILLION)
                       TABLE 106 UP TO 50 KW: MARKET IN NORTH AMERICA, BY POWER RATING, 2021–2030 (USD MILLION)
             12.3.4 BY APPLICATION
                       TABLE 107 NORTH AMERICA: MARKET, BY APPLICATION, 2021–2030 (USD MILLION)
             12.3.5 BY END USER
                       TABLE 108 NORTH AMERICA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                       TABLE 109 NORTH AMERICA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                       TABLE 110 NORTH AMERICA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
             12.3.6 BY SALES CHANNEL
                       TABLE 111 NORTH AMERICA: MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)
             12.3.7 BY DESIGN
                       TABLE 112 NORTH AMERICA: MARKET, BY DESIGN, 2021–2030 (USD MILLION)
             12.3.8 BY COUNTRY
                       TABLE 113 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                       12.3.8.1 US
                                   12.3.8.1.1 Increased investments in fuel cells to drive market
                                   TABLE 114 US: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 115 US: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 116 US: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.3.8.2 Canada
                                   12.3.8.2.1 Rising energy demand in industries to propel market growth
                                   TABLE 117 CANADA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 118 CANADA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 119 CANADA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.3.8.3 Mexico
                                   12.3.8.3.1 Higher energy requirements in manufacturing, oil & gas, and mining sectors to boost demand
                                   TABLE 120 MEXICO: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 121 MEXICO: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 122 MEXICO: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
     12.4 EUROPE 
             12.4.1 IMPACT OF RECESSION ON GENERATOR MARKET IN EUROPE
             12.4.2 BY FUEL TYPE
                       TABLE 123 EUROPE: MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)
             12.4.3 BY POWER RATING
                       TABLE 124 EUROPE: MARKET, BY POWER RATING, 2021–2030 (USD MILLION)
                       TABLE 125 UP TO 50 KW: MARKET IN EUROPE, BY POWER RATING, 2021–2030 (USD MILLION)
             12.4.4 BY APPLICATION
                       TABLE 126 EUROPE: MARKET, BY APPLICATION, 2021–2030 (USD MILLION)
             12.4.5 BY END USER
                       TABLE 127 EUROPE: MARKET, BY END USER, 2021–2030 (USD MILLION)
                       TABLE 128 EUROPE: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                       TABLE 129 EUROPE: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
             12.4.6 BY SALES CHANNEL
                       TABLE 130 EUROPE: MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)
             12.4.7 BY DESIGN
                       TABLE 131 EUROPE: MARKET, BY DESIGN, 2021–2030 (USD MILLION)
             12.4.8 BY COUNTRY
                       TABLE 132 EUROPE: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                       12.4.8.1 Germany
                                   12.4.8.1.1 Increased demand for reliable backup power in industrial sector to boost market growth
                                   TABLE 133 GERMANY: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 134 GERMANY: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 135 GERMANY: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.4.8.2 Russia
                                   12.4.8.2.1 Surging investments in oil & gas and marine sectors to accelerate market growth
                                   TABLE 136 RUSSIA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 137 RUSSIA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 138 RUSSIA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.4.8.3 France
                                   12.4.8.3.1 High demand for generators in manufacturing sector to drive market
                                   TABLE 139 FRANCE: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 140 FRANCE: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 141 FRANCE: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.4.8.4 UK
                                   12.4.8.4.1 Rising demand for data centers in UK to drive market growth
                                   TABLE 142 UK: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 143 UK: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 144 UK: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.4.8.5 Rest of Europe
                                   TABLE 145 REST OF EUROPE: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 146 REST OF EUROPE: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 147 REST OF EUROPE: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
     12.5 MIDDLE EAST & AFRICA 
             12.5.1 IMPACT OF RECESSION ON MARKET IN MIDDLE EAST & AFRICA
             12.5.2 BY FUEL TYPE
                       TABLE 148 MIDDLE EAST & AFRICA: MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)
             12.5.3 BY POWER RATING
                       TABLE 149 MIDDLE EAST & AFRICA: MARKET, BY POWER RATING, 2021–2030 (USD MILLION)
                       TABLE 150 UP TO 50 KW: MARKET IN MIDDLE EAST & AFRICA, BY POWER RATING, 2021–2030 (USD MILLION)
             12.5.4 BY APPLICATION
                       TABLE 151 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2021–2030 (USD MILLION)
             12.5.5 BY END USER
                       TABLE 152 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                       TABLE 153 MIDDLE EAST & AFRICA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                       TABLE 154 MIDDLE EAST & AFRICA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
             12.5.6 BY SALES CHANNEL
                       TABLE 155 MIDDLE EAST & AFRICA: MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)
             12.5.7 BY DESIGN
                       TABLE 156 MIDDLE EAST & AFRICA: MARKET, BY DESIGN, 2021–2030 (USD MILLION)
             12.5.8 BY COUNTRY
                       TABLE 157 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                       12.5.8.1 Saudi Arabia
                                   12.5.8.1.1 Rising investments in infrastructure development and oil & gas industry to drive demand
                                   TABLE 158 SAUDI ARABIA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 159 SAUDI ARABIA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 160 SAUDI ARABIA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.5.8.2 UAE
                                   12.5.8.2.1 High influx of foreign direct investments to fuel demand
                                   TABLE 161 UAE: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 162 UAE: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
            TABLE 163 UAE: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.5.8.3 South Africa
                                   12.5.8.3.1 High adoption of generators due to blackouts and power outages to drive market
                                   TABLE 164 SOUTH AFRICA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 165 SOUTH AFRICA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 166 SOUTH AFRICA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.5.8.4 Nigeria
                                   12.5.8.4.1 Rising demand for generators for uninterrupted power supply to boost market
                                   TABLE 167 NIGERIA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 168 NIGERIA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 169 NIGERIA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.5.8.5 Algeria
                                   12.5.8.5.1 Rising investments in oil & gas sector to boost market growth
                                   TABLE 170 ALGERIA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 171 ALGERIA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 172 ALGERIA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.5.8.6 Rest of Middle East & Africa
                                   TABLE 173 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 174 REST OF MIDDLE EAST & AFRICA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 175 REST OF MIDDLE EAST & AFRICA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
     12.6 SOUTH AMERICA 
             12.6.1 IMPACT OF RECESSION ON MARKET IN SOUTH AMERICA
             12.6.2 BY FUEL TYPE
                       TABLE 176 SOUTH AMERICA: MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)
             12.6.3 BY POWER RATING
                       TABLE 177 SOUTH AMERICA: MARKET, BY POWER RATING, 2021–2030 (USD MILLION)
                       TABLE 178 UP TO 50 KW: MARKET IN SOUTH AMERICA, BY POWER RATING, 2021–2030 (USD MILLION)
             12.6.4 BY APPLICATION
                       TABLE 179 SOUTH AMERICA: MARKET, BY APPLICATION, 2021–2030 (USD MILLION)
             12.6.5 BY END USER
                       TABLE 180 SOUTH AMERICA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                       TABLE 181 SOUTH AMERICA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                       TABLE 182 SOUTH AMERICA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
             12.6.6 BY SALES CHANNEL
                       TABLE 183 SOUTH AMERICA: MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)
             12.6.7 BY DESIGN
                       TABLE 184 SOUTH AMERICA: MARKET, BY DESIGN, 2021–2030 (USD MILLION)
             12.6.8 BY COUNTRY
                       TABLE 185 SOUTH AMERICA: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                       12.6.8.1 Brazil
                                   12.6.8.1.1 Demand for backup power generation across industries to drive market
                                   TABLE 186 BRAZIL: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 187 BRAZIL: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 188 BRAZIL: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.6.8.2 Argentina
                                   12.6.8.2.1 Large-scale power outages and increased natural gas production to drive market
                                   TABLE 189 ARGENTINA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 190 ARGENTINA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 191 ARGENTINA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
                       12.6.8.3 Rest of South America
                                   TABLE 192 REST OF SOUTH AMERICA: MARKET, BY END USER, 2021–2030 (USD MILLION)
                                   TABLE 193 REST OF SOUTH AMERICA: MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)
                                   TABLE 194 REST OF SOUTH AMERICA: MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 233)
     13.1 STRATEGIES ADOPTED BY KEY PLAYERS 
               TABLE 195 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2017–2022
     13.2 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS 
               TABLE 196 GENERATOR MARKET: DEGREE OF COMPETITION
               FIGURE 49 SHARE ANALYSIS OF TOP PLAYERS IN MARKET, 2022
     13.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS 
               FIGURE 50 TOP PLAYERS IN MARKET FROM 2017 TO 2022
     13.4 KEY COMPANY EVALUATION MATRIX, 2022 
             13.4.1 STARS
             13.4.2 EMERGING LEADERS
             13.4.3 PERVASIVE PLAYERS
             13.4.4 PARTICIPANTS
                       FIGURE 51 GENERATOR MARKET: KEY COMPANY EVALUATION MATRIX, 2022
     13.5 STARTUPS/SMES EVALUATION MATRIX, 2022 
             13.5.1 PROGRESSIVE COMPANIES
             13.5.2 RESPONSIVE COMPANIES
             13.5.3 DYNAMIC COMPANIES
             13.5.4 STARTING BLOCKS
                       FIGURE 52 GENERATOR MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
                       TABLE 197 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       TABLE 198 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.6 GENERATOR MARKET: COMPANY FOOTPRINT 
               TABLE 199 APPLICATION: COMPANY FOOTPRINT
               TABLE 200 END USER: COMPANY FOOTPRINT
               TABLE 201 FUEL TYPE: COMPANY FOOTPRINT
               TABLE 202 REGION: COMPANY FOOTPRINT
               TABLE 203 COMPANY FOOTPRINT
     13.7 COMPETITIVE SCENARIO 
               TABLE 204 MARKET: PRODUCT LAUNCHES, SEPTEMBER 2020–JANUARY 2022
               TABLE 205 MARKET: DEALS, SEPTEMBER 2018– NOVEMBER 2021
               TABLE 206 MARKET: OTHERS, FEBRUARY 2019– NOVEMBER 2021
 
14 COMPANY PROFILES (Page No. - 252)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     14.1 KEY PLAYERS 
             14.1.1 CATERPILLAR
                       TABLE 207 CATERPILLAR: BUSINESS OVERVIEW
                       FIGURE 53 CATERPILLAR: COMPANY SNAPSHOT
                       TABLE 208 CATERPILLAR: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 209 CATERPILLAR: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 210 CATERPILLAR: DEALS
             14.1.2 CUMMINS INC.
                       TABLE 211 CUMMINS INC.: BUSINESS OVERVIEW
                       FIGURE 54 CUMMINS INC.: COMPANY SNAPSHOT
                       TABLE 212 CUMMINS INC.: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 213 CUMMINS INC.: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 214 CUMMINS INC.: DEALS
             14.1.3 ROLLS-ROYCE HOLDINGS
                       TABLE 215 ROLLS-ROYCE HOLDINGS: BUSINESS OVERVIEW
                       FIGURE 55 ROLLS-ROYCE HOLDINGS: COMPANY SNAPSHOT
                       TABLE 216 ROLLS-ROYCE HOLDINGS: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 217 ROLLS ROYCE HOLDINGS: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 218 ROLLS ROYCE HOLDINGS: DEALS
             14.1.4 MITSUBISHI HEAVY INDUSTRIES, LTD.
                       TABLE 219 MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW
                       FIGURE 56 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
                       TABLE 220 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 221 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 222 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS
             14.1.5 GENERAC
                       TABLE 223 GENERAC: BUSINESS OVERVIEW
                       FIGURE 57 GENERAC: COMPANY SNAPSHOT
                       TABLE 224 GENERAC: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 225 GENERAC: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 226 GENERAC: DEALS
                       TABLE 227 GENERAC: OTHERS
             14.1.6 WÄRTSILÄ
                       TABLE 228 WÄRTSILÄ: BUSINESS OVERVIEW
                       FIGURE 58 WÄRTSILÄ: COMPANY SNAPSHOT
                       TABLE 229 WÄRTSILÄ: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 230 WÄRTSILÄ: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 231 WÄRTSILÄ: DEALS
             14.1.7 YANMAR
                       TABLE 232 YANMAR: BUSINESS OVERVIEW
                       FIGURE 59 YANMAR: COMPANY SNAPSHOT
                       TABLE 233 YANMAR: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 234 YANMAR: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 235 YANMAR: DEALS
                       TABLE 236 YANMAR: OTHERS
             14.1.8 WACKER NEUSON
                       TABLE 237 WACKER NEUSON: BUSINESS OVERVIEW
                       FIGURE 60 WACKER NEUSON: COMPANY SNAPSHOT
                       TABLE 238 WACKER NEUSON: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 239 WACKER NEUSON: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 240 WACKER NEUSON: DEALS
             14.1.9 SIEMENS ENERGY
                       TABLE 241 SIEMENS ENERGY: BUSINESS OVERVIEW
                       FIGURE 61 SIEMENS ENERGY: COMPANY SNAPSHOT
                       TABLE 242 SIEMENS ENERGY: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 243 SIEMENS ENERGY: DEALS
             14.1.10 MAN ENERGY SOLUTIONS
                       TABLE 244 MAN ENERGY SOLUTIONS: BUSINESS OVERVIEW
                       FIGURE 62 MAN ENERGY SOLUTIONS: COMPANY SNAPSHOT (2022)
                       TABLE 245 MAN ENERGY SOLUTIONS: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 246 MAN ENERGY SOLUTIONS: DEALS
             14.1.11 BRIGGS & STRATTON
                       TABLE 247 BRIGGS & STRATTON: BUSINESS OVERVIEW
                       TABLE 248 BRIGGS & STRATTON: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 249 BRIGGS & STRATTON: PRODUCT LAUNCHES AND DEVELOPMENTS
             14.1.12 ATLAS COPCO
                       TABLE 250 ATLAS COPCO: BUSINESS OVERVIEW
                       FIGURE 63 ATLAS COPCO: COMPANY SNAPSHOT
                       TABLE 251 ATLAS COPCO: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 252 ATLAS COPCO: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 253 ATLAS COPCO: DEALS
             14.1.13 WEICHAI POWER CO., LTD.
                       TABLE 254 WEICHAI POWER CO., LTD.: BUSINESS OVERVIEW
                       FIGURE 64 WEICHAI POWER CO., LTD.: COMPANY SNAPSHOT
                       TABLE 255 WEICHAI POWER CO., LTD.: PRODUCT/SERVICE/SOLUTION OFFERED
             14.1.14 ABB
                       TABLE 256 ABB: BUSINESS OVERVIEW
                       FIGURE 65 ABB: COMPANY SNAPSHOT
                       TABLE 257 ABB: PRODUCT/SERVICE/SOLUTION OFFERED
             14.1.15 KOHLER CO.
                       TABLE 258 KOHLER CO.: BUSINESS OVERVIEW
                       TABLE 259 KOHLER CO.: PRODUCT/SERVICE/SOLUTION OFFERED
                       TABLE 260 KOHLER CO.: PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 261 KOHLER CO.: DEALS
                       TABLE 262 KOHLER CO.: OTHERS
             14.1.16 DENYO CO., LTD.
                       TABLE 263 DENYO CO., LTD.: BUSINESS OVERVIEW
                       FIGURE 66 DENYO CO., LTD.: COMPANY SNAPSHOT
                       TABLE 264 DENYO CO., LTD.: PRODUCT/SERVICE/SOLUTION OFFERED
     14.2 OTHER PLAYERS 
             14.2.1 AKSA ENERGY
             14.2.2 GREAVES COTTON LIMITED
             14.2.3 KIRLOSKAR OIL ENGINES LTD. (KOEL)
             14.2.4 HONDA POWER PRODUCTS
             14.2.5 DOOSAN GROUP
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
15 APPENDIX (Page No. - 340)
     15.1 INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 3.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 3.4 CUSTOMIZATION OPTIONS 
     15.5 3.5 RELATED REPORTS 
     15.6 3.6 AUTHOR DETAILS 

The study involved major activities in estimating the current size of the generator market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the generator market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for a technical, market-oriented, and commercial study of the global generator market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The generator market comprises several stakeholders such as generator manufacturers, engine manufacturers, manufacturers of subcomponents of generators, manufacturing technology providers, and technology support providers in the supply chain. The demand side of this market is characterized by the rising demand for uninterrupted power supply from end users. Moreover, the demand is also driven by the rising demand from data centers & IT facilities. The supply side is characterized by rising demand for contracts from the industrial sector, and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Generator Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the generator market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Generator Market Size: Bottom-Up Approach

Generator Market Bottom Up Approach

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Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

A generator is a converting device that uses diesel, gas, and many other fuels to transform mechanical energy into electrical energy. Internal combustion engines produce mechanical energy, which can be converted into electrical energy through generators. The generators considered in this study are compact packages that consist of an internal combustion engine, alternators, and other accessories, such as transfer switches, integrated power systems, paralleling systems, and remote monitoring systems.

Key Stakeholders

  • Government & research organizations
  • Institutional investors and investment banks
  • Investors/shareholders
  • Environmental research institutes

Objectives of the Study

  • To define, describe, segment, and forecast the Generator market, in terms of value and volume, on the basis of fuel type, end user, power rating, application, design, sales channel, and region
  • To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and Middle East & Africa, along with their key countries
  • To provide detailed information about the key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
  • To analyze market opportunities for stakeholders and the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as sales contracts, agreements, investments, expansions, new product launches, mergers, partnerships, joint ventures, collaborations, and acquisitions, in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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