Market Overview:
The global generator sets 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 residential, commercial, and industrial applications. In addition, the growing awareness about the benefits of using generator sets for emergency power supply is also contributing to the growth of this market. The global generator sets market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into 0-75 kVA, 75-350 kVA, and above 350kVA segments. The 0-75 kVA 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 set available in the market. However, with increasing demand for backup power solutions across different applications such as residential and commercial establishments where high capacity generators are required; this segment is projected to witness a slower growth rate duringthe forecast period from 2018to 2030 .
Product Definition:
Generator sets are a combination of an engine and generator, usually diesel-powered, that produces electrical power. They are used to provide backup or emergency power, or to supply power in remote areas.
0-75 kVA:
0-75 kVA is a rating that indicates power output in kilovolts. The 0-75 kVA generator set has the ability to deliver a continuous output of 75,000 volts. It is used for starting and operatinging large diesel engines and it's also known as the prime movers power rating.
75-350 kVA:
75-350 kVA is a range of switchgears that are used to provide power supply for the generator sets. The switchgear is designed, primarily, to protect the generator set from low and high voltage electricity. It also helps in preventing damage to any part of electrical system due to variations in load current and voltage.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017 and is projected to witness significant growth during the forecast period. Increasing number of hospitals, hotels, restaurants and other hospitality industries are expected to drive generator sets demand in commercial applications.
The industrial segment is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to growing manufacturing sectors across developing countries including China India Indonesia Malaysia Philippines Singapore Thailand Vietnam Africa Brazil Mexico Argentina Chile Colombia Ecuador Peru). The residential sector was estimated at USD 1,225 million in 2017 and is expected reach USD 2,547 million by 2030 at a CAGR of XX%. Growing population coupled with rising disposable income has resulted in increased demand for electricity across homes globally which has further augmented product sales in this sector over the past few years (2016-2017).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for electricity from developing countries, such as China and India. Furthermore, rising industrialization coupled with growing population in these regions will drive the product demand further.
The European market was valued at USD X million in 2017 owing to high consumption of electricity by households and large commercial buildings especially in Germany, Italy, France and U.K.
North America accounted for a significant share owing to presence of prominent players such as General Electric; Cummins Inc.; Caterpillar Inc.; Emerson Electric Co.; Johnson Controls; Honeywell International Inc.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives for capacity addition in the power sector
- Favorable regulatory framework for private sector participation in the power sector
- Technological advancements in generator sets that improve efficiency and reduce emissions
- Growing demand from rural areas due to electrification programs
Scope Of The Report
Report Attributes
Report Details
Report Title
Generator Sets Market Research Report
By Type
0-75 kVA, 75-350 kVA, Above 350kVA
By Application
Residential, Commercial, Industrial
By Companies
AKSA Power Generation, Briggs & Stratton, Caterpillar, Cooper Corp, Cummins, Doosan, Generac Power Systems, GE, Honda Power Equipment, Kirloskar Oil Engines, AKSA Power Generation, Mitsubishi Heavy Industries, MTU Onsite Energy, SDMO, Wartsila
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Generator Sets Market Report Segments:
The global Generator Sets market is segmented on the basis of:
Types
0-75 kVA, 75-350 kVA, Above 350kVA
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:
- AKSA Power Generation
- Briggs & Stratton
- Caterpillar
- Cooper Corp
- Cummins
- Doosan
- Generac Power Systems
- GE
- Honda Power Equipment
- Kirloskar Oil Engines
- AKSA Power Generation
- Mitsubishi Heavy Industries
- MTU Onsite Energy
- SDMO
- Wartsila
Highlights of The Generator Sets 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:
- 0-75 kVA
- 75-350 kVA
- Above 350kVA
- 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 Generator Sets 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
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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?
A generator set is a power tool that can be used to produce electricity. They are typically powered by gasoline, diesel, or oil and can be used for a variety of purposes such as powering tools, vehicles, or appliances.
Some of the major players in the generator sets market are AKSA Power Generation, Briggs & Stratton, Caterpillar, Cooper Corp, Cummins, Doosan, Generac Power Systems, GE, Honda Power Equipment, Kirloskar Oil Engines, AKSA Power Generation, Mitsubishi Heavy Industries, MTU Onsite Energy, SDMO, Wartsila.
The generator sets 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 Generator Sets 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 Generator Sets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Generator Sets 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 Generator Sets 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 Generator Sets Market Size & Forecast, 2020-2028
4.5.1 Generator Sets Market Size and Y-o-Y Growth
4.5.2 Generator Sets 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 0-75 kVA
5.2.2 75-350 kVA
5.2.3 Above 350kVA
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 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Generator Sets 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 Generator Sets 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 0-75 kVA
9.6.2 75-350 kVA
9.6.3 Above 350kVA
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 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 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 0-75 kVA
10.6.2 75-350 kVA
10.6.3 Above 350kVA
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 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 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 0-75 kVA
11.6.2 75-350 kVA
11.6.3 Above 350kVA
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 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 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 0-75 kVA
12.6.2 75-350 kVA
12.6.3 Above 350kVA
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 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) 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 0-75 kVA
13.6.2 75-350 kVA
13.6.3 Above 350kVA
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 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 Generator Sets Market: Competitive Dashboard
14.2 Global Generator Sets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AKSA Power Generation
14.3.2 Briggs & Stratton
14.3.3 Caterpillar
14.3.4 Cooper Corp
14.3.5 Cummins
14.3.6 Doosan
14.3.7 Generac Power Systems
14.3.8 GE
14.3.9 Honda Power Equipment
14.3.10 Kirloskar Oil Engines
14.3.11 AKSA Power Generation
14.3.12 Mitsubishi Heavy Industries
14.3.13 MTU Onsite Energy
14.3.14 SDMO
14.3.15 Wartsila
