Market Overview:
The global power generator product market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is 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 generators in commercial and residential applications is also contributing to the growth of this market. The diesel power generator segment accounted for the majority share of the global power generator product market in 2017 and is projected to maintain its dominance during the forecast period. This segment is expected to be driven by increased demand from industrial applications across regions.
Product Definition:
A power generator is a product that converts mechanical energy into electrical energy. This is an important product for many reasons, including the fact that it can provide power during outages or emergencies, and it can be used to power machinery or equipment.
Diesel Power Generator:
Diesel Power Generator, also called diesel generator or gas turbine-based power source is one of the most important sources of electricity in off-grid applications. It is a portable and efficient source that can be used to provide electricity for various equipment such as pumps, compressors, water purifiers and others.
The product has been witnessing an increase in demand from the end-use industries including construction & mining where it's application ranges from emergency power supply to continuous power supply depending on requirements.
Gasoline Power Generator:
Gasoline power generator is a portable generator that runs on gasoline and produces electricity to run devices such as air conditioners, refrigerators, television sets, laptops and other electrical equipment. The U.S. Environmental Protection Agency (EPA) has set standards for carbon emissions from Generators that are expected to increase the efficiency of these devices in the coming years.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 50% in 2017. The demand is expected to be driven by the rapid industrialization in emerging economies including India, China and Brazil. Rapidly growing manufacturing sectors across these countries are requiring large power generators to meet the rising demand for electricity.
Industrial applications include manufacturing facilities, chemical plants, paper mills and oil refineries among others which require a constant supply of electricity as they operate continuously throughout the night as well as day time hours. Growing number of such industries coupled with increasing government support is anticipated to drive product demand over the forecast period.
Commercial applications include shopping malls, hotels, hospitals and corporate offices among others which require a considerable amount of power generation equipment owing to high energy consumption activities carried out at these locations such as air conditioning systems operating constantly throughout the night along with other electrical appliances used 24*7*.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for power generators in commercial and industrial applications. China, India, Japan, South Korea and Taiwan are some of the major countries that form part of APAC. In 2017, China accounted for a share of more than 20% in terms of global consumption as well as production owing to its large population along with rapid urbanization and industrialization on account of improving economic conditions since 2016.
Europe is also anticipated to witness significant growth over the next eight years owing to growing demand from several end-use industries including manufacturing facilities, hospitals/medical centers and data centers among others across Germany, France Italy Spain U.K.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government policies supporting power generation from renewable sources such as solar and wind
- Favorable regulatory environment for private sector investment in power generation projects
- Rising prices of traditional fuels such as diesel, petrol, and natural gas used for power generation
- Technological advancements that improve the efficiency of generators
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Generator Product Market Research Report
By Type
Diesel Power Generator, Gasoline Power Generator
By Application
Industrial, Commercial, Residential
By Companies
Caterpillar, Cummins, Generac Holdings, Kohler, Mitsubishi Heavy Industries, Briggs & Stratton, Kirloskar Electric Company, MQ Power, Rolls-Royce (MTU Onsite Energy), Wartsila Corporation, Wacker Neuson, Yanmar, General Electric, Honda Motor
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Power Generator Product Market Report Segments:
The global Power Generator Product market is segmented on the basis of:
Types
Diesel Power Generator, Gasoline Power Generator
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
Industrial, Commercial, Residential
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
- Generac Holdings
- Kohler
- Mitsubishi Heavy Industries
- Briggs & Stratton
- Kirloskar Electric Company
- MQ Power
- Rolls-Royce (MTU Onsite Energy)
- Wartsila Corporation
- Wacker Neuson
- Yanmar
- General Electric
- Honda Motor
Highlights of The Power Generator Product 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 Power Generator
- Gasoline Power Generator
- By Application:
- Industrial
- Commercial
- Residential
- 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 Power Generator Product 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 power generator is a device that converts mechanical energy into electrical energy.
Some of the major players in the power generator product market are Caterpillar, Cummins, Generac Holdings, Kohler, Mitsubishi Heavy Industries, Briggs & Stratton, Kirloskar Electric Company, MQ Power, Rolls-Royce (MTU Onsite Energy), Wartsila Corporation, Wacker Neuson, Yanmar, General Electric, Honda Motor.
The power generator product 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 Power Generator Product 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 Power Generator Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Generator Product 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 Power Generator Product 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 Power Generator Product Market Size & Forecast, 2020-2028
4.5.1 Power Generator Product Market Size and Y-o-Y Growth
4.5.2 Power Generator Product 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 Power Generator
5.2.2 Gasoline Power Generator
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 Industrial
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Generator Product 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 Power Generator Product 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 Power Generator
9.6.2 Gasoline Power Generator
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 Industrial
9.10.2 Commercial
9.10.3 Residential
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 Power Generator
10.6.2 Gasoline Power Generator
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 Industrial
10.10.2 Commercial
10.10.3 Residential
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 Power Generator
11.6.2 Gasoline Power Generator
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 Industrial
11.10.2 Commercial
11.10.3 Residential
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 Power Generator
12.6.2 Gasoline Power Generator
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 Industrial
12.10.2 Commercial
12.10.3 Residential
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 Power Generator
13.6.2 Gasoline Power Generator
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 Industrial
13.10.2 Commercial
13.10.3 Residential
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 Power Generator Product Market: Competitive Dashboard
14.2 Global Power Generator Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Cummins
14.3.3 Generac Holdings
14.3.4 Kohler
14.3.5 Mitsubishi Heavy Industries
14.3.6 Briggs & Stratton
14.3.7 Kirloskar Electric Company
14.3.8 MQ Power
14.3.9 Rolls-Royce (MTU Onsite Energy)
14.3.10 Wartsila Corporation
14.3.11 Wacker Neuson
14.3.12 Yanmar
14.3.13 General Electric
14.3.14 Honda Motor
