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Global Generator Market Size Study, by Application (Backup Power, Continuous Power, Peak Shaving Power), by End Use Industry (Residential, Commercial, Industrial), by Type (Diesel, Gas, Propane, Dual Fuel, Hybrid), by Voltage Rating (Below 100 kVA, 100kVA to 350 kVA, 350 kVA to 1000 kVA, Above 1,000 kVA) and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: GB50EE330317EN
Bizwit Research & Consulting LLP

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Global Generator Market is valued approximately at USD 48.10 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2024-2032. Generators play a pivotal role in transforming mechanical energy into electrical energy, a process based on the principle of electromagnetic induction discovered by Michael Faraday in the early 19th century. They are crucial for providing electricity for various applications, including lighting homes and businesses, delivering power in remote locations, and during emergencies. Generators consist of key components such as the prime mover, rotor, stator, magnetic field, and output terminals, each contributing to the efficient conversion of mechanical energy into electrical energy.

The generator market is experiencing significant growth due to the rising demand for reliable power sources, driven by increasing global energy consumption and frequent power outages. Generators are essential for ensuring uninterrupted power supply in critical applications such as hospitals and data centers, especially during peak usage periods or in regions with unreliable grid power. The expanding industrial and manufacturing sectors require stable and continuous power sources to maintain production, making generators a crucial component of industrial infrastructure. Additionally, in many developing regions, generators provide a cost-effective means of electrifying rural and remote areas where extending electrical grid infrastructure is challenging and expensive.

However, the market faces certain restraints, including the environmental impact of emissions and noise pollution associated with some types of generators. Stricter environmental regulations and the global transition towards cleaner and renewable energy sources are reducing the reliance on generators in certain areas. Furthermore, the high upfront cost of generators, ongoing maintenance expenses, and the fluctuating price and availability of fuel sources such as diesel and natural gas pose additional challenges to market growth. Despite these challenges, the generator market offers significant opportunities, particularly in the integration with renewable energy systems. Generators complement renewable energy sources by providing backup power during periods of low renewable energy production, enhancing the reliability and flexibility of energy systems. The combination of generators with energy storage solutions, like batteries, presents an opportunity to create hybrid power systems that can store excess power and use it during peak demand or power outages, further driving the demand for generators.

The key regions considered for the global Generator Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Generator Market in terms of revenue. The market growth in the region is being attributed to factors including frequent power outages due to extreme weather events, increasing demand for reliable backup power in residential and commercial sectors, growth in industrial activities requiring consistent power supply, and expanding infrastructure projects leading to higher electricity consumption. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by rapid urbanization, increasing industrialization, and a growing middle class leading to higher electricity demand. Frequent power outages and unreliable grid infrastructure across the region necessitate reliable backup power solutions. Additionally, the booming construction and infrastructure sectors contribute to the market's growth.

Major market players included in this report are:

Su-kam

Kohler Co.

Caterpillar

Kirloskar Oil Engines Ltd

Cummins Inc.

General Electric

AKSA POWER GENERATION

Generac Holdings Inc.

ABB Ltd.

Mitsubishi Electric

Honda Motor Co., Ltd.

Yamaha Motor Co., Ltd.

Atlas Copco AB

Briggs & Stratton Corporation

Hyundai Heavy Industries Co., Ltd.

The detailed segments and sub-segment of the market are explained below:

By Application:
  • Backup Power
  • Continuous Power
  • Peak Shaving Power
By End Use Industry:
  • Residential
  • Commercial
  • Industrial
By Type:
  • Diesel
  • Gas
  • Propane
  • Dual Fuel
  • Hybrid
By Voltage Rating:
  • Below 100 kVA
  • 100kVA to 350 kVA
  • 350 kVA to 1000 kVA
  • Above 1,000 kVA
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
Latin America
  • Brazil
  • Mexico
  • RoLA
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA
Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2023
  • Forecast period – 2024 to 2032
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL GENERATOR MARKET EXECUTIVE SUMMARY

1.1. Global Generator Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Application
  1.3.2. By End Use Industry
  1.3.3. By Type
  1.3.4. By Voltage Rating
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL GENERATOR MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL GENERATOR MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing global energy consumption
  3.1.2. Frequent power outages
3.2. Market Challenges
  3.2.1. Environmental impact of emissions and noise
  3.2.2. High upfront costs and maintenance expenses
3.3. Market Opportunities
  3.3.1. Integration with renewable energy systems
  3.3.2. Hybrid power systems with energy storage solutions

CHAPTER 4. GLOBAL GENERATOR MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL GENERATOR MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

5.1. Segment Dashboard
5.2. Global Generator Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Backup Power
  5.2.2. Continuous Power
  5.2.3. Peak Shaving Power

CHAPTER 6. GLOBAL GENERATOR MARKET SIZE & FORECASTS BY END USE INDUSTRY 2022-2032

6.1. Segment Dashboard
6.2. Global Generator Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Residential
  6.2.2. Commercial
  6.2.3. Industrial

CHAPTER 7. GLOBAL GENERATOR MARKET SIZE & FORECASTS BY TYPE 2022-2032

7.1. Segment Dashboard
7.2. Global Generator Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Diesel
  7.2.2. Gas
  7.2.3. Propane
  7.2.4. Dual Fuel
  7.2.5. Hybrid

CHAPTER 8. GLOBAL GENERATOR MARKET SIZE & FORECASTS BY VOLTAGE RATING 2022-2032

8.1. Segment Dashboard
8.2. Global Generator Market: Voltage Rating Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Below 100 kVA
  8.2.2. 100kVA to 350 kVA
  8.2.3. 350 kVA to 1000 kVA
  8.2.4. Above 1,000 kVA

CHAPTER 9. GLOBAL GENERATOR MARKET SIZE & FORECASTS BY REGION 2022-2032

9.1. North America Generator Market
  9.1.1. U.S. Generator Market
    9.1.1.1. Application Industry breakdown size & forecasts, 2022-2032
    9.1.1.2. End Use Industry breakdown size & forecasts, 2022-2032
    9.1.1.3. Type breakdown size & forecasts, 2022-2032
    9.1.1.4. Voltage Rating Industry breakdown size & forecasts, 2022-2032
  9.1.2. Canada Generator Market
9.2. Europe Generator Market
  9.2.1. U.K. Generator Market
  9.2.2. Germany Generator Market
  9.2.3. France Generator Market
  9.2.4. Spain Generator Market
  9.2.5. Italy Generator Market
  9.2.6. Rest of Europe Generator Market
9.3. Asia-Pacific Generator Market
  9.3.1. China Generator Market
  9.3.2. India Generator Market
  9.3.3. Japan Generator Market
  9.3.4. Australia Generator Market
  9.3.5. South Korea Generator Market
  9.3.6. Rest of Asia Pacific Generator Market
9.4. Latin America Generator Market
  9.4.1. Brazil Generator Market
  9.4.2. Mexico Generator Market
  9.4.3. Rest of Latin America Generator Market
9.5. Middle East & Africa Generator Market
  9.5.1. Saudi Arabia Generator Market
  9.5.2. South Africa Generator Market
  9.5.3. Rest of Middle East & Africa Generator Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Su-kam
  10.1.2. Kohler Co.
  10.1.3. Caterpillar
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Kirloskar Oil Engines Ltd
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. Cummins Inc.
  10.3.3. General Electric
  10.3.4. AKSA POWER GENERATION
  10.3.5. Generac Holdings Inc.
  10.3.6. ABB Ltd.
  10.3.7. Mitsubishi Electric
  10.3.8. Honda Motor Co., Ltd.
  10.3.9. Yamaha Motor Co., Ltd.
  10.3.10. Atlas Copco AB
  10.3.11. Briggs & Stratton Corporation
  10.3.12. Hyundai Heavy Industries Co., Ltd.
  10.3.13. Su-kam
  10.3.14. Kohler Co.
  10.3.15. Caterpillar

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Generator market, report scope
TABLE 2. Global Generator market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Generator market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 4. Global Generator market estimates & forecasts by End Use Industry 2022-2032 (USD Billion)
TABLE 5. Global Generator market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 6. Global Generator market estimates & forecasts by Voltage Rating 2022-2032 (USD Billion)
TABLE 7. Global Generator market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Generator market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Generator market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Generator market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Generator market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Generator market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Generator market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Generator market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Generator market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Generator market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Generator market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Generator market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Generator market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Generator market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Generator market, research methodology
FIG 2. Global Generator market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Generator market, key trends 2023
FIG 5. Global Generator market, growth prospects 2022-2032
FIG 6. Global Generator market, porters 5 force model
FIG 7. Global Generator market, PESTEL analysis
FIG 8. Global Generator market, value chain analysis
FIG 9. Global Generator market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Generator market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Generator market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Generator market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Generator market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Generator market, regional snapshot 2022 & 2032
FIG 15. North America Generator market 2022 & 2032 (USD Billion)
FIG 16. Europe Generator market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Generator market 2022 & 2032 (USD Billion)
FIG 18. Latin America Generator market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Generator market 2022 & 2032 (USD Billion)
FIG 20. Global Generator market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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