Global Generators Market Overview:
A generator is referred to as a device which converts motive power into the electrical power for use in an external circuit. Generators are basically used to supply backup power to facilities, homes or businesses during power outages but that can also be used as a source of primary power in areas where there is unavailability of a local electrical grid or difficult to access operations like as mining and farming or even new construction and developments. A generator is a kind of invention which powered businesses across the world. Today there is no business which does not depend on electricity. Factors like increasing demand for IT infrastructure and also rapid urbanization is generating scope for generator market. while some of the factors like high maintenance and operational cost is creating a hurdle for the market. Some of the key players profiled in the study are General Electric (United States), Mitsubishi Heavy Industries (Japan), Caterpillar (United States), Yanmar (Japan), Kirloskar Electric Co. Ltd. (India), MQ Power Corp. (United States), Kohler (United States), Generac Holdings, Inc. (United States), Cummins (United States) and Wacker Neuson (Germany). According to Market Analyst at AMA, the Global Generators market may see a growth rate of 5.6% and would reach the market size of USD29.3 Billion by 2024.
On the basis of geography, the market of Generators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Rating, the sub-segment i.e. Below 100 KVA will boost the Generators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel, the sub-segment i.e. Gasoline will boost the Generators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Generators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Generator, the sub-segment i.e. Stationary will boost the Generators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Uninterrupted & Reliable Power Supply From End-Users
- Increasing Demand for It Infrastructure
- Rapid Urbanization in Developing Countries
- Need for Rapid-Response Energy Storage Technologies
- Rising Adoption of Energy Storage Technologies
- Significant Investments to Modernize/Upgrade the Existing T&D Infrastructure
- Increasing Requirement of Hybrid Generators, Bi-Fuel, and Inverter Generators
- Developing Economies
- High Operation & Maintenance Cost
- Stringent Emission & Noise Control Norms
Major Market Developments:
In August 2018, Caterpillar launched Cat CG132B-16 generator set, rated for continuous power at 1 MW for 50 Hz in natural gas applications. It offers outstanding price-performance and optimized lube oil management with high power density. This new gas generator set solution would allow customers to experience faster payback periods of power plants due to the lower investment costs.
Leading key players of the generator are focusing on strategic partnerships to improve their products and services and also they are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Manufacturers of Generator, Suppliers of Generator Parts, Distributors and Retailers of Generator, Research Industry, Governmental Bodies and Regulatory Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Generators market on the basis of product  , application [Standby, Prime & Continuous and Peak Shaving], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Generators market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Generators industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Wartsila Oyj Abp (Finland), Rolls-Royce (MTU Onsite Energy) (United Kingdom) and Briggs & Stratton Corporation (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Generators market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.