Market Overview:
The global commercial and industrial 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 backup power solutions in data centers, hospitals, retail stores, and other commercial and industrial applications. In addition, the growing awareness about the benefits of using generators for emergency power backup is also contributing to the growth of this market. The global commercial and industrial generator market can be segmented on the basis of type into natural gas-driven generators, liquid propane-driven generators, diesel-driven generators, and others (including fuel cells and hybrid systems). The natural gas-driven generator segment is expected to account for a major share of the global commercial and industrial generator market in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030.
Product Definition:
A commercial or industrial generator is a machine that converts mechanical energy into electrical energy. Commercial and industrial generators are used to provide backup power during outages, to power equipment in remote locations, and to sell electricity to the grid.
Natural Gas Driven:
Natural gas is considered as a clean fuel and it's used in various industries including power generation. It has high demand in the U.S., China, India, Japan and South Korea owing to its cleaner combustion property than diesel or coal. Natural gas is available at low cost compared to other fossil fuels making it suitable for use in power generation applications across the world.
Liquid Propane Driven:
Liquid propane driven (LPD) generators are a type of internal combustion engine generator which is used to convert the energy stored in liquid propane tanks into electricity. The product finds major application in commercial and industrial settings where there is a need for continuous power supply such as hospitals, shopping malls, hotels, corporate offices etc.
The LPD generator sets are available with different capacities ranging from 5kVA to 40kVA.
Application Insights:
The retail segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The growing number of shopping malls and hypermarkets across countries, especially in Asia Pacific, is expected to drive generator sales for this application. Generator sets are used by major retail companies for their distribution centers and stores as a secondary power source in case of power failure.
The healthcare segment accounted for 15.9% share of the overall revenue in 2017 owing to increasing demand from medical equipment manufacturers such as Intensivsysteme GmbH & Co KG., Medela AG., Ameda LLC., etc. Medical device manufacturers require a constant supply of electricity that cannot be substituted by another source such as solar or wind energy due to its high costs; hence they opt for commercial/industrial generators that are designed specifically for medical applications with features such as vibration reduction, large capacity batteries, etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to the increasing demand for commercial and industrial generators in countries such as China, India, Japan and South Korea. The growing population coupled with rising consumer electronics demand is expected to drive the market in Asia Pacific over the forecast period.
The Middle East & Africa accounted for a significant share of revenue due to high government spending on infrastructure projects along with increasing investments in data centers by companies such as Google Inc., Facebook Inc., Vodafone Group PLC among others. These factors are anticipated to drive growth over the next eight years. ‰â€˜‰â€˜‰â€˜‰â€™s 2016 agreement with Iran regarding nuclear power plant construction is likely boost regional growth through 2030; however, U.S.
Growth Factors:
- Increasing demand for backup power due to unreliable grid infrastructure
- Rising number of data centers and telecom towers
- Proliferation of electric vehicles and renewable energy sources
- Growing popularity of microgrids and distributed generation systems
- Stringent government regulations mandating the use of backup power
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial and Industrial Generator Market Research Report
By Type
Natural Gas Driven, Liquid Propane Driven, Diesel Driven
By Application
Retail, Healthcare, Government, Data Center, Public Works, Others
By Companies
Caterpillar, Cummins Power Systems, Generac, Honda Power, MTU, KOHLER, Hyundai Power, Multiquip Inc, HIPOWER SYSTEMS, Atlas Copco
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Commercial and Industrial Generator Market Report Segments:
The global Commercial and Industrial Generator market is segmented on the basis of:
Types
Natural Gas Driven, Liquid Propane Driven, Diesel Driven
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
Retail, Healthcare, Government, Data Center, Public Works, Others
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 Power Systems
- Generac
- Honda Power
- MTU
- KOHLER
- Hyundai Power
- Multiquip Inc
- HIPOWER SYSTEMS
- Atlas Copco
Highlights of The Commercial and Industrial 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:
- Natural Gas Driven
- Liquid Propane Driven
- Diesel Driven
- By Application:
- Retail
- Healthcare
- Government
- Data Center
- Public Works
- Others
- 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 Commercial and Industrial 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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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?
Commercial and industrial generators are typically used to power large businesses, factories, or other commercial establishments. They are also used to generate electricity when there is a power outage.
Some of the key players operating in the commercial and industrial generator market are Caterpillar, Cummins Power Systems, Generac, Honda Power, MTU, KOHLER, Hyundai Power, Multiquip Inc, HIPOWER SYSTEMS, Atlas Copco.
The commercial and industrial generator market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial and Industrial 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 Commercial and Industrial Generator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial and Industrial 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 Commercial and Industrial 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 Commercial and Industrial Generator Market Size & Forecast, 2020-2028
4.5.1 Commercial and Industrial Generator Market Size and Y-o-Y Growth
4.5.2 Commercial and Industrial Generator Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Natural Gas Driven
5.2.2 Liquid Propane Driven
5.2.3 Diesel Driven
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Healthcare
6.2.3 Government
6.2.4 Data Center
6.2.5 Public Works
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial and Industrial 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 Commercial and Industrial 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Natural Gas Driven
9.6.2 Liquid Propane Driven
9.6.3 Diesel Driven
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 Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Healthcare
9.10.3 Government
9.10.4 Data Center
9.10.5 Public Works
9.10.6 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Natural Gas Driven
10.6.2 Liquid Propane Driven
10.6.3 Diesel Driven
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 Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Healthcare
10.10.3 Government
10.10.4 Data Center
10.10.5 Public Works
10.10.6 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Natural Gas Driven
11.6.2 Liquid Propane Driven
11.6.3 Diesel Driven
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 Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Healthcare
11.10.3 Government
11.10.4 Data Center
11.10.5 Public Works
11.10.6 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Natural Gas Driven
12.6.2 Liquid Propane Driven
12.6.3 Diesel Driven
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 Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Healthcare
12.10.3 Government
12.10.4 Data Center
12.10.5 Public Works
12.10.6 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Natural Gas Driven
13.6.2 Liquid Propane Driven
13.6.3 Diesel Driven
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) Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Healthcare
13.10.3 Government
13.10.4 Data Center
13.10.5 Public Works
13.10.6 Others
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 Commercial and Industrial Generator Market: Competitive Dashboard
14.2 Global Commercial and Industrial Generator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Cummins Power Systems
14.3.3 Generac
14.3.4 Honda Power
14.3.5 MTU
14.3.6 KOHLER
14.3.7 Hyundai Power
14.3.8 Multiquip Inc
14.3.9 HIPOWER SYSTEMS
14.3.10 Atlas Copco
