Key Market Indicators
Chinese demand for electric generators is projected to grow 3% annually over the next five years, reaching $402 million in 2026. This is up from $336 million in 2021. Since 1997, Chinese demand has increased by an average of 4% year-on-year. In 2021, China ranked fourth in terms of demand, with Mexico coming in first at $336 million. Germany, Mexico, and China were the second, third, and fourth-largest markets respectively. Chinese export of electric generators is set to reach $519 million by 2026 from $437 million in 2021, growing at an average of 2.9% year-on-year. Since 1997, Chinese supply has grown 6.5% annually. In 2021, Germany was the top exporter at $437 million, with the United States, France, and Japan following in second, third, and fourth place respectively.
