Market Overview:
The global dual fuel generator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for dual fuel generators from various end-use applications, such as industrial, commercial, and residential sectors. Dual fuel generators are powered by two sources of energy such as gasoline and propane/natural gas. These generators offer several benefits over traditional gasoline-powered generators, including lower emissions, increased efficiency, and longer run times. Based on type, the global dual fuel generator market is segmented into under 1500W, 1500W-3500W, 3500W-7500W 7500W-10000W and above 10000 W segments. The 1500 W – 3500 W segment is projected to grow at the highest CAGR during the forecast period owing to rising demand for small portable dual fuel generators from residential and commercial sectors across the globe.
Product Definition:
A dual fuel generator is a power generator that can run on more than one type of fuel. Dual fuel generators typically have two separate tanks, one for gasoline and one for diesel. They can also be converted to run on natural gas or propane. Dual fuel generators are important because they allow users to choose the cheapest and most available fuel source.
Under 1500W:
Under 1500W, it's usage and growth factor in the dual fuel generator market is expected to witness significant growth over the forecast period. The primary reason for this increase in demand is due to a rise in demand from developing countries such as India and China. These generators are used majorly for backup power during grid failure or electrical outages, which has been one of the prime reasons for its increased use worldwide.
1500W-3500W:
The 1500W-3500W is a power rating of the generator set. It indicates that the generators have a capacity to produce electricity at low and medium speeds and high voltage levels. The dual fuel generators are designed for use with diesel as well as electric systems.
Electricity production from these sources can be used in various equipment such as water pumps, compressors, air conditioning systems, refrigerators/freezers among others which require clean electricity for operation.
Application Insights:
The demand for the product in the residential sector is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to an increase in the number of residential construction projects across various countries, including China, India and Australia. The industrial segment held around 60% share of global revenue in 2017 and is likely to witness significant growth over the forecast period.
Industrial applications include oil & gas industries, power plants and other industries requiring backup power supply such as data centers or large scale manufacturing facilities. Increasing investments by governments in key sectors such as IT/ITeS companies are anticipated to augment demand for DFGs over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to the growing demand for electricity in emerging economies, such as China and India. The increasing number of manufacturing facilities and commercial buildings in these countries is anticipated to boost product demand over the forecast period. Furthermore, rising investments in power infrastructure are projected to fuel industry growth over the coming years.
The European market was valued at USD X million in 2017 and is estimated to expand further at a steady CAGR from 2018 until 2030 due its large base of nuclear power plants that still operate despite being past their prime are an eyesore for many people who live near them (Nuclear Power Is An Eyesore).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives for adoption of cleaner fuel technologies
- Rising concerns over climate change and air pollution
- Growing popularity of dual fuel generators among commercial and industrial users
- Technological advancements that improve the efficiency and performance of dual fuel generators
Scope Of The Report
Report Attributes
Report Details
Report Title
Dual Fuel Generator Market Research Report
By Type
Under 1500W, 1500W-3500W, 3500W-7500W, 7500W-10000W, Above 10000W
By Application
Industrial, Commercial, Residential
By Companies
Caterpillar, Cummins, DuroMax Power Equipment, Generac Power Systems, Kohler, CBS Corporation (Westinghouse), Champion Power Equipment, Firman Power Equipment, Pulsar Products, Buffalo Corporation (Sportsman), BE Power Equipment, Zongshen Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Dual Fuel Generator Market Report Segments:
The global Dual Fuel Generator market is segmented on the basis of:
Types
Under 1500W, 1500W-3500W, 3500W-7500W, 7500W-10000W, Above 10000W
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Cummins
- DuroMax Power Equipment
- Generac Power Systems
- Kohler
- CBS Corporation (Westinghouse)
- Champion Power Equipment
- Firman Power Equipment
- Pulsar Products
- Buffalo Corporation (Sportsman)
- BE Power Equipment
- Zongshen Power
Highlights of The Dual Fuel Generator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Under 1500W
- 1500W-3500W
- 3500W-7500W
- 7500W-10000W
- Above 10000W
- By Application:
- Industrial
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dual Fuel Generator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A dual fuel generator is a type of generator that can run on both gasoline and diesel. This makes it convenient for people who need to use both types of fuel, or who have a limited supply of one type of fuel but plenty of the other.
Some of the major players in the dual fuel generator market are Caterpillar, Cummins, DuroMax Power Equipment, Generac Power Systems, Kohler, CBS Corporation (Westinghouse), Champion Power Equipment, Firman Power Equipment, Pulsar Products, Buffalo Corporation (Sportsman), BE Power Equipment, Zongshen Power.
The dual fuel generator market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dual Fuel Generator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dual Fuel Generator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dual Fuel Generator Market - Supply Chain
4.5. Global Dual Fuel Generator Market Forecast
4.5.1. Dual Fuel Generator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dual Fuel Generator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Dual Fuel Generator Market Absolute $ Opportunity
5. Global Dual Fuel Generator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Dual Fuel Generator Market Size and Volume Forecast by Type
5.3.1. Under 1500W
5.3.2. 1500W-3500W
5.3.3. 3500W-7500W
5.3.4. 7500W-10000W
5.3.5. Above 10000W
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Dual Fuel Generator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Dual Fuel Generator Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Dual Fuel Generator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Dual Fuel Generator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Dual Fuel Generator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Dual Fuel Generator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Dual Fuel Generator Demand Share Forecast, 2019-2026
9. North America Dual Fuel Generator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Dual Fuel Generator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Dual Fuel Generator Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Dual Fuel Generator Market Size and Volume Forecast by Type
9.7.1. Under 1500W
9.7.2. 1500W-3500W
9.7.3. 3500W-7500W
9.7.4. 7500W-10000W
9.7.5. Above 10000W
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Dual Fuel Generator Demand Share Forecast, 2019-2026
10. Latin America Dual Fuel Generator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Dual Fuel Generator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Dual Fuel Generator Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Dual Fuel Generator Market Size and Volume Forecast by Type
10.7.1. Under 1500W
10.7.2. 1500W-3500W
10.7.3. 3500W-7500W
10.7.4. 7500W-10000W
10.7.5. Above 10000W
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Dual Fuel Generator Demand Share Forecast, 2019-2026
11. Europe Dual Fuel Generator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Dual Fuel Generator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Dual Fuel Generator Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Dual Fuel Generator Market Size and Volume Forecast by Type
11.7.1. Under 1500W
11.7.2. 1500W-3500W
11.7.3. 3500W-7500W
11.7.4. 7500W-10000W
11.7.5. Above 10000W
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Dual Fuel Generator Demand Share, 2019-2026
12. Asia Pacific Dual Fuel Generator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Dual Fuel Generator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Dual Fuel Generator Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Dual Fuel Generator Market Size and Volume Forecast by Type
12.7.1. Under 1500W
12.7.2. 1500W-3500W
12.7.3. 3500W-7500W
12.7.4. 7500W-10000W
12.7.5. Above 10000W
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Dual Fuel Generator Demand Share, 2019-2026
13. Middle East & Africa Dual Fuel Generator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Dual Fuel Generator Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Dual Fuel Generator Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
13.4.3. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Dual Fuel Generator Market Size and Volume Forecast by Type
13.7.1. Under 1500W
13.7.2. 1500W-3500W
13.7.3. 3500W-7500W
13.7.4. 7500W-10000W
13.7.5. Above 10000W
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Dual Fuel Generator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Dual Fuel Generator Market: Market Share Analysis
14.2. Dual Fuel Generator Distributors and Customers
14.3. Dual Fuel Generator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cummins
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DuroMax Power Equipment
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Generac Power Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kohler
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CBS Corporation (Westinghouse)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Champion Power Equipment
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Firman Power Equipment
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pulsar Products
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Buffalo Corporation (Sportsman)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BE Power Equipment
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zongshen Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook