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Generator Sales Market by Type, Application, Power Rating, End-User And Region - Global forecast to 2023

Generator Sales Market: Global forecast until 2023

  • February 2018
  • 153 pages
  • ID: 4754725
In this report:
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Summary

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The generator sales market is estimated to rise at a compound annual growth rate of ~5.4 percent, from 2018 to 2023.

The generator sales market is forecasted to reach ~$20.9B in 2018 and ~$27.2B by 2023, at a compound annual growth rate (CAGR) of ~5.4 percent, from 2018 to 2023. Generators can be used in standby, prime, continuous, and peak shaving applications in different end-use industries including industrial, commercial, and residential. The main driver for the generator sales market is the increasing demand for uninterrupted and reliable power supply as some of the best power grids are also subject to downtime.

The rise of healthcare infrastructure, increasing demand for IT infrastructure management, and quick urbanization in developing countries is also anticipated to drive the generator sales market during the outlook period. The growing adoption of energy storage technologies and significant investments in modernizing/upgrading existing transmission and distribution infrastructure can act as industry restraints for the generator sales market.

The industrial segment is anticipated to rise at the maximal compound annual growth rate (CAGR) from 2018 to 2023.

Established on the end-users of generators, the industrial end-user segment is intended to be the quickest developing market from 2018 to 2023. The segment includes the utility/power generation, oil & gas, and other industries including mining, marine, chemicals, military, and manufacturing. Increase of the industrial industry in Asia-Pac and the Middle East area & African continent is predicted to push the generator sales market

The standby segment is anticipated to be the largest industry during the estimate period.

Established on application, the standby segment is forecasted to be the biggest market during the outlook period. Standby power generators are used in applications where regular power supply is necessary to carry out operations. The primary function of these generators is to supply emergency power for a limited duration during power outages. Rise of the commercial market in Asia Pacific (APAC) and North America (NA) is predicted to push the generator sales market.

The sector in Asia-Pac (APAC) is anticipated to grow at the highest CAGR (Compound annual growth rate) from 2018 to 2023.

APAC is currently the biggest market for generators sales, succeeded by North America continent and the Middle East (ME) & African continent. China (CN) recorded for the maximum share of the market in Asia-Pac in 2017. India (IN) is expected to grow at the highest compound annual growth rate (CAGR), from 2018 to 2023. Increase of the industrial and commercial markets in countries including China (CN), India (IN), South Korea (KR), Bangladesh, and Taiwan is predicted to push the generator sales market in Asia Pacific (APAC).

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

- By Company Type: Tier 1 40.0 percent, Tier 2 32.0 percent, Tier 3 28.0 percent

- By Designation: C-Level- 40.0 percent, Manager Level- 30.0 percent, Others- 30.0 percent

- By area: North america (NA)- 35%, Asia Pacific- 24.0 percent, Europe- 21.0 percent, Middle East & Africa- 11.0 percent, South America- 9.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined based on their full revenue, as of 2016: Tier 1 = >USD 5 billion, Tier 2 = > $0.50B to $1.0B, and Tier 3 =

Source: Industry Experts and MarketsandMarkets Analysis

The key players in this market have been profiled with their new developments and other strategic activities. These include Caterpillar, Cummins, Rolls-Royce, Mitsubishi, Yanmar, and Kohler.

Segment Research

From an insight prospect, this market research has emphasized different levels of analyses, namely industry study, market share review of the top actors, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape, coming out and high-growth segments of the generator sales market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on products and integrated solutions and services provided by the top actors in the overall generator sales market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the generator sales market

• Market Development: Highlighted information about profitable emerging sectors; the market research examines the industries for generators sales across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall generator sales market

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