Market Overview:
The global power generation equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application, and region. The portable generators segment holds a comparatively larger share in global market, which accounts for about 86%. The residential holds an important share in terms of applications, and accounts for 59% of the market share. North America dominates the global power generation equipment market with a 38% share in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
Power Generation Equipment is used to generate power for different purposes. It can be used to generate power for a home, business or municipality. The importance of Power Generation Equipment cannot be overstated, as it is necessary to provide the power needed to run all sorts of devices and equipment.
Portable Generators:
Portable generators are the power generating equipment which can be moved from one place to another. It is mostly used in case of emergency situations such as grid failure, electrical outages, and so on. The global portable generators market is expected to witness significant growth over the forecast period owing to growing demand for backup power in off-grid locations along with a rise in demand for electric vehicles (EV).
Standby Generators:
The global standby generators market is expected to witness significant growth over the forecast period. The primary factor responsible for this growth is the growing demand for uninterrupted power supply in order to protect equipment from any unforeseen power outages that may occur due to natural calamities such as earthquakes, floods, and hurricanes. Standby generators are used in a variety of applications including data centers, hospitals emergency rooms (ER), telecommunication base stations (TS), electric & gas utility companies among others.
Application Insights:
The commercial application segment is expected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to growing demand for power in various commercial buildings, offices and industrial complexes across the globe. In addition, rapid urbanization coupled with rising disposable income levels in developing countries such as China and India is anticipated to augment the product demand from 2018 to 2030.
Industrial application accounted for about 25% of global market share in 2017 owing to increasing demand from oil & gas industries across the world including Saudi Arabia, Russia, U.S.
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 backup systems in countries, such as China and India. In addition, rising number of commercial buildings in countries like Japan and Korea is anticipated to fuel product demand over the next eight years. Europe accounted for a significant share of global revenue owing to large presence of manufacturing facilities in Germany, U.K.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives for capacity addition in renewable energy sources
- Favorable regulatory framework for power sector investments
- Rising concerns over climate change and air pollution levels
- Technological advancements in power generation equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Generation Equipment Market Research Report
By Type
Portable Generators, Standby Generators, Mobile Generators, The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
By Application
Residential, Industrial, Commercial, The residential holds an important share in terms of applications, and accounts for 59% of the market share.
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Power Generation Equipment Market Report Segments:
The global Power Generation Equipment market is segmented on the basis of:
Types
Portable Generators, Standby Generators, Mobile Generators, The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
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 residential holds an important share in terms of applications, and accounts for 59% of the market share.
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 Power Generation Equipment 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:
- Portable Generators
- Standby Generators
- Mobile Generators
- The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
- By Application:
- Residential
- Industrial
- Commercial
- The residential holds an important share in terms of applications, and accounts for 59% of the market share.
- 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 Generation Equipment 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?
Power generation equipment is a category of machinery used to create power. This can be done through the use of heat, steam, or electricity.
Some of the major companies in the power generation equipment 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 power generation equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Generation Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Power Generation Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Generation Equipment Market - Supply Chain
4.5. Global Power Generation Equipment Market Forecast
4.5.1. Power Generation Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Generation Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Generation Equipment Market Absolute $ Opportunity
5. Global Power Generation Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Power Generation Equipment Market Size and Volume Forecast by Type
5.3.1. Portable Generators
5.3.2. Standby Generators
5.3.3. Mobile Generators
5.3.4. The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Power Generation Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Power Generation Equipment Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Industrial
6.3.3. Commercial
6.3.4. The residential holds an important share in terms of applications, and accounts for 59% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power Generation Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Power Generation Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Power Generation Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Power Generation Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Power Generation Equipment Demand Share Forecast, 2019-2026
9. North America Power Generation Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Power Generation Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Power Generation Equipment Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Industrial
9.4.3. Commercial
9.4.4. The residential holds an important share in terms of applications, and accounts for 59% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Generation Equipment Market Size and Volume Forecast by Type
9.7.1. Portable Generators
9.7.2. Standby Generators
9.7.3. Mobile Generators
9.7.4. The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Power Generation Equipment Demand Share Forecast, 2019-2026
10. Latin America Power Generation Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Power Generation Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Power Generation Equipment Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Industrial
10.4.3. Commercial
10.4.4. The residential holds an important share in terms of applications, and accounts for 59% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Generation Equipment Market Size and Volume Forecast by Type
10.7.1. Portable Generators
10.7.2. Standby Generators
10.7.3. Mobile Generators
10.7.4. The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Power Generation Equipment Demand Share Forecast, 2019-2026
11. Europe Power Generation Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Power Generation Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Power Generation Equipment Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Industrial
11.4.3. Commercial
11.4.4. The residential holds an important share in terms of applications, and accounts for 59% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Generation Equipment Market Size and olume Forecast by Type
11.7.1. Portable Generators
11.7.2. Standby Generators
11.7.3. Mobile Generators
11.7.4. The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Power Generation Equipment Demand Share, 2019-2026
12. Asia Pacific Power Generation Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Power Generation Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Power Generation Equipment Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Industrial
12.4.3. Commercial
12.4.4. The residential holds an important share in terms of applications, and accounts for 59% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Generation Equipment Market Size and Volume Forecast by Type
12.7.1. Portable Generators
12.7.2. Standby Generators
12.7.3. Mobile Generators
12.7.4. The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Power Generation Equipment Demand Share, 2019-2026
13. Middle East & Africa Power Generation Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Power Generation Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Power Generation Equipment Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Industrial
13.4.3. Commercial
13.4.4. The residential holds an important share in terms of applications, and accounts for 59% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Generation Equipment Market Size and Volume Forecast by Type
13.7.1. Portable Generators
13.7.2. Standby Generators
13.7.3. Mobile Generators
13.7.4. The segment of portable enerators hold a comparatively larger share in global market, which accounts for about 86%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Power Generation Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power Generation Equipment Market: Market Share Analysis
14.2. Power Generation Equipment Distributors and Customers
14.3. Power Generation Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cummins Power Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Generac
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honda Power
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MTU
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Briggs & Stratton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yamaha
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KOHLER
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TTI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Champion
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Itopower
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hyundai Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eaton
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sawafuji
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Loncin
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. PM & T
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
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