Market Overview:
The global electric generators 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 electric power from residential, industrial, and commercial sectors across the globe. In addition, the growing awareness about renewable energy sources such as solar and wind energy is also propelling the growth of this market. Based on type, diesel generator set held a major share of the global electric generators market in 2017. This can be attributed to their high efficiency and durability as compared to other types of generators available in the market. Gas generator sets are expected to grow at a higher CAGR during the forecast period owing to their low cost and easy installation as compared to diesel generator sets. Based on application, residential sector held a major share of the global electric generators market in 2017 followed by industrial sector. Commercial sector is projectedto grow at highest CAGR duringthe forecast period owingto increasing demand for electricity from retail stores, hospitals & clinics etc.
Product Definition:
Electric Generator is an apparatus that converts mechanical energy into electrical energy. The importance of Electric Generators is that they provide a way to convert mechanical or kinetic energy into electrical energy, which can then be used to power appliances or other devices.
Diesel Generator Set:
Diesel generator set, also called as diesel power set or diesel-electric power set, is a combination of an engine and an electric generator that produces electricity to supply to the load when the primary source of electricity fails. It comprises two major components namely engine and generator. The prime function of a diesel generator sets is to provide backup electrical power in case of main electrical failure occurs due to some reasons such as storm, etc., thus it's known as emergency power source.
Gas Generator Set:
Gas generator set is a combination of portable gensets and stationary generators, which are used to provide emergency power. It is mostly used in case of any natural disaster or electrical outages at home. The gas generator sets use the stored fuel to produce electricity by using an internal combustion engine, which aids in providing power for residential as well as commercial applications.
Application Insights:
The global demand for electric generators has witnessed a paradigm shift due to the growing need for reliable and clean power supply in various industries. The industrial segment accounted for more than half of the overall revenue share in 2017. Rapid urbanization coupled with rising living standards is expected to drive the demand from industrial applications over the forecast period.
The commercial segment is projected to witness significant growth over the coming years owing to an increase in investments by governments in infrastructure development, including new hospitals, schools and colleges as well as transportation facilities such as airports and seaports. These factors are likely to result in higher product penetration across commercial sites such as hospitals, hotels and shopping malls thereby driving industry growth during 2018-2030 period.
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 strong economic growth on account of increasing industrial, commercial, residential and infrastructural activities. Rapid urbanization coupled with growing population in countries such as China and India is further anticipated to drive industry expansion.
China emerged as a major manufacturing hub for several key products including generators owing to cheap labor cost along with supportive government policies such as tax breaks and incentives aimed at boosting domestic manufacturing output levels. In addition, favorable regulatory policies framed by the Chinese government are also expected to play a crucial role in promoting generator production levels within China over the next eight years from 2018 to 2030 period.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives and regulations supporting the use of electric generators
- Development of new technologies and products that improve the efficiency of electric generators
- Growing awareness about the benefits of using electric generators
- Rising prices of traditional fuels such as diesel, petrol, and natural gas
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Generators Market Research Report
By Type
Diesel Generator Set, Gas Generator Set, Gasoline Generator Set, Wind Turbine, Solar Generator Set, Other
By Application
Residential, Industrial, Commercial
By Companies
Caterpillar, Crompton and Greaves, Kirloskar Electric, Kohler, Mitsubishi Heavy Industries, Siemens, Yanmar, Kirloskar Oil Engines, Himoinsa, Cummins, Caterpillar, Mahindra Powerol, Generac, MTU Onsite
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Electric Generators Market Report Segments:
The global Electric Generators market is segmented on the basis of:
Types
Diesel Generator Set, Gas Generator Set, Gasoline Generator Set, Wind Turbine, Solar Generator Set, Other
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, Industrial, Commercial
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
- Crompton and Greaves
- Kirloskar Electric
- Kohler
- Mitsubishi Heavy Industries
- Siemens
- Yanmar
- Kirloskar Oil Engines
- Himoinsa
- Cummins
- Caterpillar
- Mahindra Powerol
- Generac
- MTU Onsite
Highlights of The Electric Generators 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:
- Diesel Generator Set
- Gas Generator Set
- Gasoline Generator Set
- Wind Turbine
- Solar Generator Set
- Other
- By Application:
- Residential
- Industrial
- Commercial
- 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 Electric Generators 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
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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?
Electric generators are machines that convert mechanical energy into electrical energy. They are used to produce power for things like lights, appliances, and motors.
Some of the major companies in the electric generators market are Caterpillar, Crompton and Greaves, Kirloskar Electric, Kohler, Mitsubishi Heavy Industries, Siemens, Yanmar, Kirloskar Oil Engines, Himoinsa, Cummins, Caterpillar, Mahindra Powerol, Generac, MTU Onsite.
The electric generators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Generators 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 Electric Generators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Generators 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 Electric Generators 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 Electric Generators Market Size & Forecast, 2020-2028
4.5.1 Electric Generators Market Size and Y-o-Y Growth
4.5.2 Electric Generators 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 Diesel Generator Set
5.2.2 Gas Generator Set
5.2.3 Gasoline Generator Set
5.2.4 Wind Turbine
5.2.5 Solar Generator Set
5.2.6 Other
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 Residential
6.2.2 Industrial
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Generators 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 Electric Generators 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 Diesel Generator Set
9.6.2 Gas Generator Set
9.6.3 Gasoline Generator Set
9.6.4 Wind Turbine
9.6.5 Solar Generator Set
9.6.6 Other
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 Residential
9.10.2 Industrial
9.10.3 Commercial
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 Diesel Generator Set
10.6.2 Gas Generator Set
10.6.3 Gasoline Generator Set
10.6.4 Wind Turbine
10.6.5 Solar Generator Set
10.6.6 Other
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 Residential
10.10.2 Industrial
10.10.3 Commercial
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 Diesel Generator Set
11.6.2 Gas Generator Set
11.6.3 Gasoline Generator Set
11.6.4 Wind Turbine
11.6.5 Solar Generator Set
11.6.6 Other
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 Residential
11.10.2 Industrial
11.10.3 Commercial
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 Diesel Generator Set
12.6.2 Gas Generator Set
12.6.3 Gasoline Generator Set
12.6.4 Wind Turbine
12.6.5 Solar Generator Set
12.6.6 Other
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 Residential
12.10.2 Industrial
12.10.3 Commercial
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 Diesel Generator Set
13.6.2 Gas Generator Set
13.6.3 Gasoline Generator Set
13.6.4 Wind Turbine
13.6.5 Solar Generator Set
13.6.6 Other
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 Residential
13.10.2 Industrial
13.10.3 Commercial
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 Electric Generators Market: Competitive Dashboard
14.2 Global Electric Generators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Crompton and Greaves
14.3.3 Kirloskar Electric
14.3.4 Kohler
14.3.5 Mitsubishi Heavy Industries
14.3.6 Siemens
14.3.7 Yanmar
14.3.8 Kirloskar Oil Engines
14.3.9 Himoinsa
14.3.10 Cummins
14.3.11 Caterpillar
14.3.12 Mahindra Powerol
14.3.13 Generac
14.3.14 MTU Onsite
