Fior Markets launched a study titled “Generator Sales Market by Type (Diesel, Gas, Other), Application (Standby, Peak Shaving, Continuous Power), Power Rating, End User, Regions”,and Global Forecast 2018-2025.
The global generator sales market is expected to grow from USD 20.08 Billion in 2017 to USD 31.62 Billion by 2025, at a CAGR of 5.84% during the forecast period from 2018-2025. Increasing demand for the uninterrupted and reliable power supply from a wide range of end-users such as healthcare, commercial facilities, households etc. are providing a boost to the market growth.
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Diesel generator segment had a market value of USD 8.79 billion in 2017
Type segment is divided into diesel, natural gas and others. On account of its long running life, easy parts and fuel availability, capacity to handle varying loads, and quick response time properties, the diesel generators segment led the global generator sales market with USD 8.79 billionrevenue in 2017. Natural gas segment is projected to grow at a steady pace over the forecast period, due to their property for being environmentally friendly andless polluting.
1,000 kVA segment is anticipated to grow at a CAGR of 7.98% in 2018-2025
Power rating segment is categorized into 100 kVA, 100–350 kVA, 350–1,000 kVA, and above 1,000 kVA. Owing to their property for providing consistent and prime quality of power supply as well as growing demand for natural gas generators with a power rating above 1,000 kVA, the 1,000 kVA segment is projected to grow at an accelerated CAGR of 7.98% over the forecast period.
Standbygenerator segment had a market value of USD8.85 billion in 2017
Application segment is divided into standby, peak shaving and continuous power. Growing demand for the uninterrupted and reliable power supply and strict building codes and safety regulations for critical infrastructure are some of the factors that were responsible for standby generator segment to emerge as a dominating player in the global generator sales market with USD 8.85 billion revenue in 2017.
Industrial segment is projected to grow at a CAGR of 7.64% in 2018-2025
End user is segmented into residential, commercial and industrial.Rapid industrialization in the developing economies such as India, China is fuelling the demand for the generators. Thus industrial segment is expected to grow at the highest CAGR of 7.64% over the forecast period.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa.Asia Pacific region emerged as the leading market for the generators with USD 7.46 billion revenue in 2017. Rapid growth of the manufacturing sector within Asia Pacific regions, especially in India and China have been the major contributors to the growth of the generator sales market.
Major players in the global generator sales market are Caterpillar Inc, Cummins, Rolls-Royce, Mitsubishi Heavy Industries, Yanmar, Kohler Co, MTU Onsite Energy, Himoinsa S.L., Siemens AG, General Electric, Wartsila, Schneider Electric, Generac Holdings Inc, Atlas Copco AB, Wacker Neuson SE, Burtonwood Generator & Switchgear Services Ltd., APR Energy PLC, Mahindra Powerol, and among others.
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