Market Overview:
The global battery generator market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for backup power solutions, owing to the increasing number of natural disasters and power outages. In addition, the growing demand for renewable energy sources is also contributing to the growth of this market. The global battery generator market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into less than 5 kW, 5-20 kW and higher than 20 kW segments. The less than 5 kW segment is expected to account for a major share in terms of revenue in 2018 owing to its low cost and easy installation as compared with other types of generators. However, this segment is projected to witness a decline in its share by 2030 due To Increasing adoption Of high wattage generators By End-Use Segments Such As commercial And industrial Sectors .On The Basis Of Application ,the Battery Generator Market Can Be Divided Into Residential Commercial And Industrial Sectors .The Residential Sector Is Expected To Account For A Major Share In Terms Of Revenue In 2018 Owing To Increasing Demand From Emerging Economies Such As China India And Brazil .
Product Definition:
A battery generator is a device that uses one or more batteries to provide power to an electrical load. The battery bank may be used to provide power for an uninterruptible power supply (UPS), or it may be connected directly to the load. The importance of a battery generator lies in its ability to provide backup power in the event of a primary source failure.
Less than 5kW:
The global less than 5kW, it's usage and growth factor in the battery generator market size was valued at USD 6.5 billion in 2016. The increasing demand for backup power solutions globally is expected to be a key factor driving the industry growth over the forecast period.
The growing demand for renewable energy has led to an increase in investments across various countries such as India, China, and Germany which are further projected to drive industry expansion over the next seven years.
5-20kW:
The global 5-20kW and it's usage in Battery Generator market size was valued at USD 6,788.1 million in 2016. It is expected to witness a significant growth owing to the rising demand for uninterrupted power supply from residential, commercial and industrial sectors across the globe. The increasing need for continuous power supply from grid-connected PV systems is also anticipated to drive industry growth over the forecast period.
Application Insights:
The commercial application segment accounted for the largest share of more than 60.0% in 2017. The growing demand for power backup by hospitals, telecom centers, data centers and government offices is expected to drive the product demand over the forecast period. Furthermore, increasing number of industrial and commercial establishments in developing countries like China India and Brazil is anticipated to further fuel product demand over the forecast period.
The residential application segment was valued at USD 1,000 million in 2017 owing to rising adoption of energy efficient products including battery backup generators that cater to uninterruptible power supply requirements across households globally. In addition, rapid urbanization coupled with a rise in housing construction activities globally has resulted in increased requirement of onsite emergency power generation solutions among consumers globally which is likely to propel market growth over the coming years as well as create new opportunities for industry participants worldwide.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrialization, especially in China and India, which has led to an increased demand for power backup systems. Furthermore, rising investments by governments of various countries including China and Japan are anticipated to boost the product demand over the next eight years.
North America is projected to be one of the significant regional markets during the forecast period owing to a rise in commercial construction projects such as shopping malls, hotels/restaurants/bars etc., particularly across U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies and regulations supporting the use of battery generators
- Development of new technologies that improve the performance and efficiency of battery generators
- Growing awareness about the benefits of using battery generators among consumers
- Reduction in prices of battery generators due to advancements in technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Generator Market Research Report
By Type
Less than 5kW, 5-20kW, Higher than 20kW
By Application
Residential, Commercial, Industrial
By Companies
Honda Power, Generac, Yamaha, United Power Technology, Wacker Neuson, Hyundai Power, KOHLER, Honeywell, Eaton, Pramac, Mi-T-M, Jackery Inc., Aiper, Wenzhou Kangyu Electric
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Battery Generator Market Report Segments:
The global Battery Generator market is segmented on the basis of:
Types
Less than 5kW, 5-20kW, Higher than 20kW
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
Residential, Commercial, Industrial
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:
- Honda Power
- Generac
- Yamaha
- United Power Technology
- Wacker Neuson
- Hyundai Power
- KOHLER
- Honeywell
- Eaton
- Pramac
- Mi-T-M
- Jackery Inc.
- Aiper
- Wenzhou Kangyu Electric
Highlights of The Battery 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:
- Less than 5kW
- 5-20kW
- Higher than 20kW
- By Application:
- Residential
- Commercial
- Industrial
- 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 Battery 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
- Business Expansion Strategies
- 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 battery generator is a device that converts mechanical energy into electrical energy. This can be done by using an engine to turn a propeller or wind turbine, which in turn creates electricity.
Some of the major companies in the battery generator market are Honda Power, Generac, Yamaha, United Power Technology, Wacker Neuson, Hyundai Power, KOHLER, Honeywell, Eaton, Pramac, Mi-T-M, Jackery Inc., Aiper, Wenzhou Kangyu Electric.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Generator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Generator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Generator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Generator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Generator Market Size & Forecast, 2018-2028
4.5.1 Battery Generator Market Size and Y-o-Y Growth
4.5.2 Battery Generator Market Absolute $ Opportunity
Chapter 5 Global Battery Generator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Battery Generator Market Size Forecast by Type
5.2.1 Less than 5kW
5.2.2 5-20kW
5.2.3 Higher than 20kW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery Generator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Battery Generator Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Generator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Generator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Battery Generator Analysis and Forecast
9.1 Introduction
9.2 North America Battery Generator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Battery Generator Market Size Forecast by Type
9.6.1 Less than 5kW
9.6.2 5-20kW
9.6.3 Higher than 20kW
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Battery Generator Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Battery Generator Analysis and Forecast
10.1 Introduction
10.2 Europe Battery Generator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Battery Generator Market Size Forecast by Type
10.6.1 Less than 5kW
10.6.2 5-20kW
10.6.3 Higher than 20kW
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Battery Generator Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Battery Generator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery Generator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Battery Generator Market Size Forecast by Type
11.6.1 Less than 5kW
11.6.2 5-20kW
11.6.3 Higher than 20kW
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Battery Generator Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Battery Generator Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery Generator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Battery Generator Market Size Forecast by Type
12.6.1 Less than 5kW
12.6.2 5-20kW
12.6.3 Higher than 20kW
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Battery Generator Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Battery Generator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery Generator Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Battery Generator Market Size Forecast by Type
13.6.1 Less than 5kW
13.6.2 5-20kW
13.6.3 Higher than 20kW
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Battery Generator Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Generator Market: Competitive Dashboard
14.2 Global Battery Generator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honda Power
14.3.2 Generac
14.3.3 Yamaha
14.3.4 United Power Technology
14.3.5 Wacker Neuson
14.3.6 Hyundai Power
14.3.7 KOHLER
14.3.8 Honeywell
14.3.9 Eaton
14.3.10 Pramac
14.3.11 Mi-T-M
14.3.12 Jackery Inc.
14.3.13 Aiper
14.3.14 Wenzhou Kangyu Electric
