Market Overview:
The global standby generators 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 in industrial and commercial applications. In terms of type, the liquid propane segment is expected to grow at a higher CAGR than the natural gas segment during the forecast period. This can be attributed to the lower price point and easy availability of liquid propane as compared to natural gas. In terms of application, the industrial segment is expected to hold a larger share of the global standby generators market than other segments during the forecast period.
Product Definition:
A standby generator is a type of emergency power system that provides backup power to a facility in the event of an interruption in the main power supply. The purpose of a standby generator is to maintain continuity of operations during times when the main power supply is unavailable.
Natural Gas or Liquid Propane:
Natural gas or liquid propane is a clean-burning fuel that has the ability to turn into a highly efficient and effective heat source. It can be used in portable appliances such as space heaters, water boilers, and furnaces among others. The growth factor for natural gas or liquid propane in standby generators market is driven by factors such as its non-toxic nature which makes it safer to use than other conventional fuels like petrol or diesel.
Air-Cooled vs. Liquid Cooled:
An air-cooled generator is one in which the heat generated by the engine is removed through an air cooling system. The product has a comparatively simpler design and also lighter weight as compared to its liquid-cooled counterpart. Air-cooled generators are more popular among smaller applications, where space is a constraint being an ideal choice for small or remote locations where ground water may exist near surface and contamination may be a concern.
Application Insights:
The commercial application segment accounted for the largest share of 72.5% in 2017 and is projected to witness significant growth over the forecast period. Standby generators are widely used in hospitals, hotels, shopping malls, conference centers and other public buildings on account of their ability to protect electronic equipment from power failures through continuous operation during a power failure.
The industrial application segment is expected to register a CAGR of XX% from 2018 to 2030 owing to growing demand for standby generators as primary back-up sources in industries including oil & gas, chemical manufacturing and mining among others that operate continuously throughout the year due largelyto seasonal requirements such as air conditioner maintenance shutdowns or repairs at peak summer months when grid electricity fails completely or sporadically across various regions globally.
Growing demand for electric vehicles has led major manufacturers such as Tesla Motors Inc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, registering a CAGR of XX% from 2018 to 2030 owing to the increasing demand for power backup in commercial and industrial applications. The growing number of manufacturing facilities in APAC has led to an increase in the requirement for standby generators, thereby driving the market growth.
The Asia Pacific was followed by Europe with a share of over 25% due to its well-established power infrastructure coupled with high electricity costs resulting from heavy reliance on back up systems for critical operations such as air conditioning and refrigeration which are vital for food production and supply chain management. Latin America Standby Generator Market is also anticipated gain significant traction owing to economic recovery along with increased government spending on public infrastructure development projects which include schools, hospitals, roads etc., thus creating opportunities for market players operating within this region.
Growth Factors:
- Increasing demand for uninterrupted power supply: The standby generators market is driven by the increasing demand for uninterrupted power supply across various industries. Standby generators provide backup power in case of a power outage, which is essential for businesses that rely on electricity to function properly.
- Rising awareness about the benefits of standby generators: There is a growing awareness among consumers about the benefits of owning a standby generator. This has led to an increase in demand for these products, especially in regions that are prone to natural disasters such as hurricanes and earthquakes.
- Growing popularity of home backup generators: Homeowners are increasingly installing standalone home backup generators to ensure continuous electrical supply during outages or emergencies. This has contributed significantly to the growth of the standby generators market worldwide.
- . Technological advancements: The development of new and innovative technologies has helped boost the sales of standby generators globally. For instance, portable diesel-powered emergency Generators have gained immense popularity due to their high efficiency and portability features .This has encouraged many consumers to invest in these products, thereby driving growth in th estandby generator market . 5) Regulations mandating installation o f back-up systems : Governments around thw orld are implementing regulations mandating installationof back-up systems (such as standbys gensets)in critical infrastructure facilities such as hospitals and data centers
Scope Of The Report
Report Attributes
Report Details
Report Title
Standby Generators Market Research Report
By Type
Natural Gas or Liquid Propane, Air-Cooled vs. Liquid Cooled
By Application
Industrial, Commercial
By Companies
Caterpillar, Cummins Power Systems, Generac, Honda Power, MTU, Briggs & Stratton, Yamaha, KOHLER, TTI, Champion, Itopower, Hyundai Power, Eaton, Sawafuji, Loncin, PM& T
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Standby Generators Market Report Segments:
The global Standby Generators market is segmented on the basis of:
Types
Natural Gas or Liquid Propane, Air-Cooled vs. Liquid Cooled
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
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
- Briggs & Stratton
- Yamaha
- KOHLER
- TTI
- Champion
- Itopower
- Hyundai Power
- Eaton
- Sawafuji
- Loncin
- PM& T
Highlights of The Standby 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:
- Natural Gas or Liquid Propane
- Air-Cooled vs. Liquid Cooled
- By Application:
- 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 Standby 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.
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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 standby generator is a power supply that can be activated to provide emergency power in the event of an outage.
Some of the major players in the standby generators market are Caterpillar, Cummins Power Systems, Generac, Honda Power, MTU, Briggs & Stratton, Yamaha, KOHLER, TTI, Champion, Itopower, Hyundai Power, Eaton, Sawafuji, Loncin, PM& T.
The standby generators 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 Standby 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 Standby Generators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Standby 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 Standby 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 Standby Generators Market Size & Forecast, 2018-2028
4.5.1 Standby Generators Market Size and Y-o-Y Growth
4.5.2 Standby Generators Market Absolute $ Opportunity
Chapter 5 Global Standby Generators 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 Standby Generators Market Size Forecast by Type
5.2.1 Natural Gas or Liquid Propane
5.2.2 Air-Cooled vs. Liquid Cooled
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Standby Generators 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 Standby Generators Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Standby 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 Standby 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 Standby Generators Analysis and Forecast
9.1 Introduction
9.2 North America Standby Generators 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 Standby Generators Market Size Forecast by Type
9.6.1 Natural Gas or Liquid Propane
9.6.2 Air-Cooled vs. Liquid Cooled
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 Standby Generators Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 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 Standby Generators Analysis and Forecast
10.1 Introduction
10.2 Europe Standby Generators 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 Standby Generators Market Size Forecast by Type
10.6.1 Natural Gas or Liquid Propane
10.6.2 Air-Cooled vs. Liquid Cooled
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 Standby Generators Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 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 Standby Generators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Standby Generators 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 Standby Generators Market Size Forecast by Type
11.6.1 Natural Gas or Liquid Propane
11.6.2 Air-Cooled vs. Liquid Cooled
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 Standby Generators Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 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 Standby Generators Analysis and Forecast
12.1 Introduction
12.2 Latin America Standby Generators 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 Standby Generators Market Size Forecast by Type
12.6.1 Natural Gas or Liquid Propane
12.6.2 Air-Cooled vs. Liquid Cooled
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 Standby Generators Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 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) Standby Generators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Standby Generators 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) Standby Generators Market Size Forecast by Type
13.6.1 Natural Gas or Liquid Propane
13.6.2 Air-Cooled vs. Liquid Cooled
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) Standby Generators Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 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 Standby Generators Market: Competitive Dashboard
14.2 Global Standby Generators 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 Briggs & Stratton
14.3.7 Yamaha
14.3.8 KOHLER
14.3.9 TTI
14.3.10 Champion
14.3.11 Itopower
14.3.12 Hyundai Power
14.3.13 Eaton
14.3.14 Sawafuji
14.3.15 Loncin
14.3.16 PM& T
