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Demand For Generator Industry Is Set To Expand At A Steady CAGR Of Around 5% Through 2030

Posted on March 29, 2023March 29, 2023 by admin

The global generator market is set to surpass a valuation of US$ 32,170.8 mn in 2022 and expected register at a CAGR of 5.5% to reach US$ 54,873.6 mn by the end of 2032.

The comprehensive study of the global Generator Market focuses on the macroeconomic and microeconomic factors that support its growth. The regulatory environment that is influencing the future of the global market is another major focus of the report. Additionally, the research report takes into account the global market’s upcoming investment opportunities, emerging application areas, and pricing structure.

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What’s Driving Demand for Generators?

The demand for generators is driven by a variety of factors, including the need for reliable backup power in case of an emergency, the need for reliable power in remote locations, and the increasing popularity of recreational activities that require portable power sources. Additionally, the rising cost of electricity and the increasing prevalence of natural disasters are also driving demand for generators.

Competitive Landscape

The competitive landscape for generators is replete with acquisitions by key players. Asia Pacific is a fast-growing market for generators, excluding Japan. With top generator manufacturers in North America, the region is still the most important player in the generator space, globally. Overall, the global market for generators is fragmented in nature.Key players operating in the global generator market are:

  • Cummins Inc
  • Yamaha Motor Corporation
  • SDMO
  • Mitsubishi Heavy Industries Ltd.
  • Kubota Corporation
  • Kirloskar Oil Engines Limited
  • General Electric Corporation
  • Doosan Corporation
  • Caterpillar Inc
  • Cooper Corporation
  • AKSA Power Generation

Global Generator Market Segmentation by Category

  • Application:
    • Stationary Generators
    • Portable Generators
  • Fuel:
    • Diesel Generators
    • Gas Generators
  • End Use:
    • Residential Generators
    • Commercial Generators
    • Industrial Generators
    • Others
  • Capacity:
    • 0-100 kVA
    • 100-350 kVA
    • 350-1000kVA
    • Above 1000kVA
  • Region:
    • North America
    • Latin America
    • APEJ
    • Europe
    • Japan
    • MEA

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