Market Overview:
The global industrial generator set 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 power backup solutions in various industries, such as oil & gas, transport & logistics, manufacturing, mining and construction. In addition, the growing awareness about renewable energy sources is also propelling the growth of the global industrial generator set market. On the basis of type, diesel generator sets are expected to account for a major share of the global industrial generator set market during 2018-2030. This can be attributed to their high efficiency and durability as compared to other types of generators sets available in the market.
Product Definition:
A generator set, or genset for short, is a collection of components that work together to produce electrical power. The most important component of a generator set is the engine, which converts fuel into mechanical energy. This energy is then used to turn the alternator, which generates electricity.
Diesel Generator Set:
Diesel generator set is a type of power source which is used to produce electrical energy through the combustion of diesel. The prime function of this generator set is to convert chemical energy derived from fuel into mechanical and electrical energy. Diesel generators are primarily employed in two major applications, namely emergency power supply and stationary generating plant.
Gas Generator Set:
Gas generator set is the equipment which produces energy from chemical reactions or nuclear processes. The basic function of a gas generator is to produce pressurized gas in which turbine blades are installed, and with the help of turbines convert the pressurized gas into useful energy forms that can be used for various applications.
The working principle behind it all is very simple, if not crude; basically it works on the basis of thermodynamics law that states; if you take heat from one place.
Application Insights:
The electric utilities segment dominated the global industry generator set market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for power supply across industrial sectors, including manufacturing, mining and construction. Rapidly growing urbanization along with rising demand for electricity in developing countries such as India and China are expected to drive the utility application segment over the next seven years.
Oil & gas was estimated as one of the major applications owing to its requirement for continuous power supply during exploration activities as well as production facilities operations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed significant growth in industrial activities, especially manufacturing, owing to low labor costs and easy availability of resources. This trend is expected to continue over the next eight years as China gears up for social stability through sustainable economic development.
China accounted for a major share of global construction spending in 2016 on account of rapid urbanization resulting from strong economic growth coupled with government initiatives such as “Housing For All†program and “Western Development Strategy†that aims at improving living standards among all income groups by 2020.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and the consequent need for reliable, uninterrupted power supply in cities
- Proliferation of data centers and the growing demand for backup power systems
- Stringent environmental regulations that promote the use of clean energy sources such as generators sets fueled by natural gas or propane
- The increasing popularity of portable generator sets among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Generator Set Market Research Report
By Type
Diesel Generator Set, Gas Generator Set, Gasoline Generator Set, Wind Turbine, Solar Generator Set, Other
By Application
Oil & Gas, Transport & Logistics, Manufacturing, Mining, Construction, Electric Utilities
By Companies
Briggs & Stratton, Caterpillar, Kirloskar Oil Engines, Himoinsa, Cummins, SDMO, Mahindra Powerol, Generac, MTU Onsite, Briggs & Stratton
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Generator Set Market Report Segments:
The global Industrial Generator Set 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
Oil & Gas, Transport & Logistics, Manufacturing, Mining, Construction, Electric Utilities
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:
- Briggs & Stratton
- Caterpillar
- Kirloskar Oil Engines
- Himoinsa
- Cummins
- SDMO
- Mahindra Powerol
- Generac
- MTU Onsite
- Briggs & Stratton
Highlights of The Industrial Generator Set 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:
- Oil & Gas
- Transport & Logistics
- Manufacturing
- Mining
- Construction
- Electric Utilities
- 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 Industrial Generator Set 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
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- 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?
An industrial generator set is a large, powerful machine that can be used to produce electricity. These machines are often used in factories and other industrial settings, where they are essential for powering equipment and providing power during emergencies.
Some of the key players operating in the industrial generator set market are Briggs & Stratton, Caterpillar, Kirloskar Oil Engines, Himoinsa, Cummins, SDMO, Mahindra Powerol, Generac, MTU Onsite, Briggs & Stratton.
The industrial generator set 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 Industrial Generator Set 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 Industrial Generator Set Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Generator Set 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 Industrial Generator Set 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 Industrial Generator Set Market Size & Forecast, 2018-2028
4.5.1 Industrial Generator Set Market Size and Y-o-Y Growth
4.5.2 Industrial Generator Set Market Absolute $ Opportunity
Chapter 5 Global Industrial Generator Set 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 Industrial Generator Set 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 Industrial Generator Set 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 Industrial Generator Set Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Transport & Logistics
6.2.3 Manufacturing
6.2.4 Mining
6.2.5 Construction
6.2.6 Electric Utilities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Generator Set 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 Industrial Generator Set 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 Industrial Generator Set Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Generator Set 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 Industrial Generator Set 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 Industrial Generator Set Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Transport & Logistics
9.10.3 Manufacturing
9.10.4 Mining
9.10.5 Construction
9.10.6 Electric Utilities
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 Industrial Generator Set Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Generator Set 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 Industrial Generator Set 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 Industrial Generator Set Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Transport & Logistics
10.10.3 Manufacturing
10.10.4 Mining
10.10.5 Construction
10.10.6 Electric Utilities
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 Industrial Generator Set Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Generator Set 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 Industrial Generator Set 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 Industrial Generator Set Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Transport & Logistics
11.10.3 Manufacturing
11.10.4 Mining
11.10.5 Construction
11.10.6 Electric Utilities
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 Industrial Generator Set Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Generator Set 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 Industrial Generator Set 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 Industrial Generator Set Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Transport & Logistics
12.10.3 Manufacturing
12.10.4 Mining
12.10.5 Construction
12.10.6 Electric Utilities
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) Industrial Generator Set Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Generator Set 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) Industrial Generator Set 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) Industrial Generator Set Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Transport & Logistics
13.10.3 Manufacturing
13.10.4 Mining
13.10.5 Construction
13.10.6 Electric Utilities
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 Industrial Generator Set Market: Competitive Dashboard
14.2 Global Industrial Generator Set Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Briggs & Stratton
14.3.2 Caterpillar
14.3.3 Kirloskar Oil Engines
14.3.4 Himoinsa
14.3.5 Cummins
14.3.6 SDMO
14.3.7 Mahindra Powerol
14.3.8 Generac
14.3.9 MTU Onsite
14.3.10 Briggs & Stratton
