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Published Date: 2016-07-14Number of Pages: 146

Generator Market (Fuel Type - Diesel Generator Sets, Natural Gas Generator Sets, Fuels Generator Sets; Power Rating - Below 100 kVA, 100-350 kVA, 350-1000 kVA, Above 1000 kVA; Application - Standby Backup Power, Prime Continuous Power, Peak Shaving Power; End User - Residential, Commercial & Industrial) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024

Generator Sales to Remain Strong as Demand for Energy Snowballs

The insatiable demand for electricity has been fueled by the increasing population and industrialization globally. However, there is still a supply gap as electricity generation by utilities is not sufficient to meet the global demand for power. This has created a favorable space for generator sets to fill in the gap between power generation and consumption. Generator sets have thus been seen as ideal solutions to provide electricity in individual homes and other facilities. Their advantages in peak shaving power and prime continuous power have manifested in the form of key drivers for the market.

In terms of revenue, the global generator market was valued at US$16.61 bn in 2015. The market is expected to reach US$24.76 bn by 2024, expanding at a CAGR of 4.58% from 2016 to 2024, says TMR.

The demand for medium power rating generator sets is currently the highest in the residential, commercial, small industrial, and other small-scale facilities. Moreover, the integration of generators with renewable energy systems opens up a window of opportunity for companies in the global generator market.

 

generator-market

 

Adoption of Off-grid Power Systems in Developed Countries Lays Firm Ground for Generator Sales Growth

On the basis of geography, the generator market has been segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2015, North America held the largest market share (32.70%), followed by Middle East & Africa (22.22%). The market in North America is expected to expand at a CAGR of 3.58% from 2016 to 2024 to account for US$7.43 bn in revenues by 2024.

Developed countries such as the U.S., U.K., and Germany, have started adopting off-grid power systems to reduce dependence on utility-scale electricity. This has boosted the sales of generators sets in these regions. At a CAGR of 6.39%, the generator market in Asia Pacific is expected to expand at the fastest rate during the forecast period.

The Middle East & Africa generator market is currently witnessing strong generator sales in countries such as Saudi Arabia, the UAE, South Africa, Kenya, Iran, Nigeria, and Qatar. Remote areas that still remain cut off from regular power supply carry a high economic potential for companies in the generator market.

Asia Pacific held the third-largest market share of the global generator market, accounting for 22.2% in 2015. The market in Asia Pacific is expected to expand at a CAGR of 6.39% from 2016 to 2024 to account for US$6.19 bn in revenues in 2024. Countries such as China, India, Malaysia, Thailand, and Australia are showing a swift increase in energy consumption. However, emerging countries in APAC are still plagued by an underdeveloped electricity transmission and distribution infrastructure and frequent power outages, creating a lucrative target market for sales of generator. Europe and Latin America collectively accounted for 23.7% of the global generator market in 2015.

Spotlight will Remain on Use of Generators for Prime Continuous Power

By application, the global generator market can be segmented into standby backup power, prime continuous power, and peak shaving power. Of these, prime continuous power held the largest market share (48.91%) in 2015. Enterprises are primarily investing in generators to ensure prime continuous power – this trend will continue to drive generator sales, leading the prime continuous power segment to expand at a CAGR of 4.39% from 2016 to 2024. By end-user, the market has been segmented into residential and commercial and industrial. Of these, commercial and industrial held the largest market share (58.50%) in 2015; the segment is expected to expand at a CAGR of 5.22% from 2016 to 2024.

Key players in the generator market include Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac Holdings, Inc., Kirloskar Electric Company Ltd., Kohler Co., Mitsubishi Heavy Industries, Ltd., Multiquip Inc., Wärtsilä Corporation, and Yanmar Co., Ltd.

Table of Contents

1. Preface
     1.1. Report Description
     1.2. Market Segmentation
     1.3. Research Scope
     1.4. Research Methodology

2. Executive Summary
     2.1. Snapshot
     2.2. Overview

3. Industry Analysis
     3.1. Introduction
     3.2. Overview
     3.3. Value Chain Analysis – Snapshot
     3.4. Value Chain Analysis – Overview
     3.5. Market Dynamics – Overview
           3.5.1. Driver 1 – Increasing demand for power across the globe
           3.5.2. Driver 2 – Growing number of power outages
           3.5.3. Driver 3 – Rising volume of off-grid power consumption
           3.5.4. Restraint 1 – Expanding electricity transmission and distribution network across   the globe
           3.5.5. Opportunity 1 – Numerous upcoming commercial and industrial projects
     3.6. Porter’s Five Forces Analysis – Overview 
           3.6.1. Porter’s Five Forces Analysis – Bargaining Power of Suppliers
           3.6.2. Porter’s Five Forces Analysis – Bargaining Power Of Buyers
           3.6.3. Porter’s Five Forces Analysis – Threat Of Substitutes
           3.6.4. Porter’s Five Forces Analysis – Threat Of New Entrants
           3.6.5. Porter’s Five Forces Analysis – Degree Of Competition
     3.7. Market Attractiveness Analysis
     3.8. Market Leading Players Analysis – Snapshot
     3.9. Market Leading Players Analysis – Overview

4. Global Generator Market – Fuel Type Segment Analysis, By Revenue, 2014 – 2024 (US$ Bn)
     4.1. Introduction
     4.2. Overview
           4.2.1. Diesel Generator Sets
           4.2.2. Natural Gas Generator Sets
           4.2.3. Other Fuels Generator Sets

5. Global Generator Market – End User Segment Analysis, By Revenue, 2014 – 2024 (US$ Bn)
     5.1. Introduction
     5.2. Overview
           5.2.1. Residential Generator Sets
           5.2.2. Commercial & Industrial Generator Sets

6. Global Generator Market – Power Rating Segment Analysis, By Revenue, 2014 – 2024 (US$ Bn)
     6.1. Introduction
     6.2. Overview
           6.2.1. Low Power Rating (Below 100 kVA) Generator Sets
           6.2.2. Medium Power Rating (100-350 kVA) Generator Sets
           6.2.3. High Power Rating (350-1000 kVA) Generator Sets
           6.2.4. Very High Power Rating (Above 1000 kVA) Generator Sets

7. Global Generator Market – Application Segment Analysis, By Revenue, 2014 – 2024 (US$ Bn)
     7.1. Introduction
     7.2. Overview
           7.2.1. Standby Backup Power Generator Sets
           7.2.2. Prime Continuous Power Generator Sets
           7.2.3. Peak Shaving Power Generator Sets

8. Global Generator Market – Regional Segment Analysis, By Revenue, 2014 – 2024 (US$ Bn)
     8.1. Regional Overview
     8.2. Generator Market − North America 
     8.3. North America – Overview 
           8.3.1. U.S. Generator Market – Overview 
                   8.3.1.1. U.S. Generator Market – By Fuel Type
                   8.3.1.2. U.S. Generator Market – By End User
                   8.3.1.3. U.S. Generator Market – By Power Rating
                   8.3.1.4. U.S. Generator Market – By Application
           8.3.2. Rest of North America Generator Market – Overview 
                   8.3.2.1. Rest of North America Generator Market – By Fuel Type
                   8.3.2.2. Rest of North America Generator Market – By End User
                   8.3.2.3. Rest of North America Generator Market – By Power Rating
                   8.3.2.4. Rest of North America Generator Market – By Application
     8.4. Generator Market − Europe
     8.5. Europe – Overview 
           8.5.1. U.K. Generator Market – Overview 
                   8.5.1.1. U.K. Generator Market – By Fuel Type 
                   8.5.1.2. U.K. Generator Market – By End User
                   8.5.1.3. U.K. Generator Market – By Power Rating
                   8.5.1.4. U.K. Generator Market – By Application
           8.5.2. Germany Generator Market – Overview 
                   8.5.2.1. Germany Generator Market – By Fuel Type 
                   8.5.2.2. Germany Generator Market – By End User
                   8.5.2.3. Germany Generator Market – By Power Rating
                   8.5.2.4. Germany Generator Market – By Application
           8.5.3. France Generator Market – Overview 
                   8.5.3.1. France Generator Market – By Fuel Type 
                   8.5.3.2. France Generator Market – By End User
                   8.5.3.3. France Generator Market – By Power Rating
                   8.5.3.4. France Generator Market – By Application
           8.5.4. Rest of Europe Generator Market – Overview 
                   8.5.4.1. Rest of Europe Generator Market – By Fuel Type 
                   8.5.4.2. Rest of Europe Generator Market – By End User
                   8.5.4.3. Rest of Europe Generator Market – By Power Rating
                   8.5.4.4. Rest of Europe Generator Market – By Application
     8.6. Generator Market − Asia Pacific 
     8.7. Asia Pacific – Overview 
           8.7.1. China Generator Market – Overview 
                   8.7.1.1. China Generator Market – By Fuel Type 
                   8.7.1.2. China Generator Market – By End User
                   8.7.1.3. China Generator Market – By Power Rating
                   8.7.1.4. China Generator Market – By Application
           8.7.2. India Generator Market – Overview 
                   8.7.2.1. India Generator Market – By Fuel Type 
                   8.7.2.2. India Generator Market – By End User
                   8.7.2.3. India Generator Market – By Power Rating
                   8.7.2.4. India Generator Market – By Application
           8.7.3. Australia Generator Market – Overview 
                   8.7.3.1. Australia Generator Market – By Fuel Type 
                   8.7.3.2. Australia Generator Market – By End User
                   8.7.3.3. Australia Generator Market – By Power Rating
                   8.7.3.4. Australia Generator Market – By Application
           8.7.4. Rest of Asia Pacific Generator Market – Overview 
                   8.7.4.1. Rest of Asia Pacific Generator Market – By Fuel Type 
                   8.7.4.2. Rest of Asia Pacific Generator Market – By End User
                   8.7.4.3. Rest of Asia Pacific Generator Market – By Power Rating
                   8.7.4.4. Rest of Asia Pacific Generator Market – By Application
     8.8. Generator Market − Middle East & Africa 
     8.9. Middle East & Africa – Overview 
           8.9.1. Saudi Arabia Generator Market – Overview 
                   8.9.1.1. Saudi Arabia Generator Market – By Fuel Type 
                   8.9.1.2. Saudi Arabia Generator Market – By End User
                   8.9.1.3. Saudi Arabia Generator Market – By Power Rating
                   8.9.1.4. Saudi Arabia Generator Market – By Application
           8.9.2. UAE Generator Market – Overview 
                   8.9.2.1. UAE Generator Market – By Fuel Type 
                   8.9.2.2. UAE Generator Market – By End User
                   8.9.2.3. UAE Generator Market – By Power Rating
                   8.9.2.4. UAE Generator Market – By Application
           8.9.3. Rest of Middle East & Africa Generator Market – Overview 
                   8.9.3.1. Rest of Middle East & Africa Generator Market – By Fuel Type 
                   8.9.3.2. Rest of Middle East & Africa Generator Market – By End User
                   8.9.3.3. Rest of Middle East & Africa Generator Market – By Power Rating
                   8.9.3.4. Rest of Middle East & Africa Generator Market – By Application
     8.10. Generator Market − Latin America 
     8.11. Latin America – Overview 
           8.11.1. Brazil Generator Market – Overview 
                   8.11.1.1. Brazil Generator Market – By Fuel Type 
                   8.11.1.2. Brazil Generator Market – By End User
                   8.11.1.3. Brazil Generator Market – By Power Rating
                   8.11.1.4. Brazil Generator Market – By Application
           8.11.2. Rest of Latin America Generator Market – Overview 
                   8.11.2.1. Rest of Latin America Generator Market – By Fuel Type 
                   8.11.2.2. Rest of Latin America Generator Market – By End User
                   8.11.2.3. Rest of Latin America Generator Market – By Power Rating
                   8.11.2.4. Rest of Latin America Generator Market – By Application

9. Company Profiles
     9.1. Caterpillar Inc.
           9.1.1. Company Overview
           9.1.2. Financial Overview
           9.1.3. Business Strategy
           9.1.4. Recent Developments
     9.2. Cummins Inc.
           9.2.1. Company Overview
           9.2.2. Financial Overview
           9.2.3. Business Strategy
           9.2.4. Recent Developments
     9.3. Generac Holdings, Inc.
           9.3.1. Company Overview
           9.3.2. Financial Overview
           9.3.3. Business Strategy
           9.3.4. Recent Developments
     9.4. Kirloskar Electric Company Ltd.
           9.4.1. Company Overview
           9.4.2. Financial Overview
           9.4.3. Business Strategy
           9.4.4. Recent Developments     
     9.5. Wärtsilä Corporation
           9.5.1. Company Overview
           9.5.2. Financial Overview
           9.5.3. Business Strategy
           9.5.4. Recent Developments
     9.6. Mitsubishi Heavy Industries, Ltd.
           9.6.1. Company Overview
           9.6.2. Financial Overview
           9.6.3. Business Strategy
           9.6.4. Recent Developments
     9.7. Briggs & Stratton Corporation
           9.7.1. Company Overview
           9.7.2. Financial Overview
           9.7.3. Business Strategy
           9.7.4. Recent Developments
     9.8. Yanmar Co., Ltd.
           9.8.1. Company Overview
           9.8.2. Financial Overview
           9.8.3. Business Strategy
           9.8.4. Recent Developments
     9.9. Multiquip Inc.
           9.9.1. Company Overview
           9.9.2. Financial Overview
           9.9.3. Business Strategy
           9.9.4. Recent Developments
     9.10. Kohler Co.
           9.10.1. Company Overview
           9.10.2. Financial Overview
           9.10.3. Business Strategy
           9.10.4. Recent Developments

List of Figures

FIG. 1 Generator Market: Market segmentation
FIG. 2 Generator Set and its Components
FIG. 3 Value Chain Analysis of Generator Market
FIG. 4 Global Electricity Consumption, By Region, 2008–2012 (Billion Kilowatthours)
FIG. 5 Global Electricity Access, 2013 
FIG. 6 Global Electricity Generation, By Region, 2009–2013 (Billion Kilowatthours)
FIG. 7 Porters Five Forces Generator Market 
FIG. 8 Global (World Bank Group Members) Industrial Production, 2006–2015 (US$ Bn)   
FIG. 9 Market Attractiveness Analysis of Generator Market, 2015 
FIG. 10  Fuel Type Segment – Introduction 
FIG. 11  Global Generator Market, By Fuel Type, Revenue Share (%), 2015 
FIG. 12 Global Generator Market, By Fuel Type, Revenue Share (%), 2024 
FIG. 13  Global Diesel Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 14  Global Natural Gas Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 15 Global Other Fuels Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 16  End User Segment – Introduction 
FIG. 17  Global Generator Market, By End User, Revenue Share (%), 2015 
FIG. 18 Global Generator Market, By End User, Revenue Share (%), 2024 
FIG. 19 Global Residential Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 20  Global Commercial & Industrial Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 21  Power Rating Segment – Introduction 
FIG. 22  Global Generator Market, By Power Rating, Revenue Share (%), 2015 
FIG. 23  Global Generator Market, By Power Rating, Revenue Share (%), 2024 
FIG. 24  Global Low Power Rating Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 25  Global Medium Power Rating Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 26  Global High Power Rating Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 27  Global Very High Power Rating Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 28  Application Segment – Introduction
FIG. 29  Global Generator Market, By Application, Revenue Share (%), 2015 
FIG. 30 Global Generator Market, By Application, Revenue Share (%), 2024 
FIG. 31  Global Standby Backup Power Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 32  Global Prime Continuous Power Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 33 Global Peak Shaving Power Generator Market, by Revenue (US$ Bn), 2014–2024 
FIG. 34  Global Generator Market Revenue Share, By Region, 2015 and 2024
FIG. 35  North America Generator Market Revenue Share, by Country, 2015 and 2024 
FIG. 36  North America Generator Market, By Revenue (US$ Bn), 2014-2024  
FIG. 37  U.S. Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 38  U.S. Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 39  U.S. Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 40  Rest of North America Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 41 Rest of North America Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 42  Rest of North America Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 43  Europe Generator Market Revenue Share, by Country, 2015 and 2024 
FIG. 44  Europe Generator Market, By Revenue (US$ Bn), 2014-2024  
FIG. 45 U.K. Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 46  U.K. Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 47  U.K. Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 48 Germany Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 49  Germany Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 50 Germany Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 51 France Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 52 France Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 53 France Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 51 Rest of Europe Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 52 Rest of Europe Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 53 Rest of Europe Generator Market, By End User (US$ Bn), 2014-2024
FIG. 54  Asia Pacific Generator Market Revenue Share, by Country, 2015 and 2024 
FIG. 55  Asia Pacific Generator Market, By Revenue (US$ Bn), 2014-2024  
FIG. 56 China Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 57 China Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 58 China Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 59 India Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 60  India Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 61 India Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 62 Australia Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 63 Australia Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 64 Australia Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 65 Rest of Asia Pacific Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 66 Rest of Asia Pacific Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 67 Rest of Asia Pacific Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 68  Middle East & Africa Generator Market Revenue Share, by Country, 2015 and 2024 
FIG. 69  Middle East & Africa Generator Market, By Revenue (US$ Bn), 2014-2024  
FIG. 70 Saudi Arabia Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 71 Saudi Arabia Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 72 Saudi Arabia Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 73 UAE Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 74 UAE Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 75 UAE Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 76 Rest of Middle East & Africa Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 77 Rest of Middle East & Africa Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 78 Rest of Middle East & Africa Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 79  Latin America Generator Market Revenue Share, by Country, 2015 and 2024 
FIG. 80  Latin America Generator Market, By Revenue (US$ Bn), 2014-2024  
FIG. 81 Brazil Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 82 Brazil Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 83 Brazil Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 84 Rest of South & Central America Generator Market, By Revenue (US$ Bn), 2014–2024 
FIG. 85 Rest of South & Central America Generator Market, By Fuel Type (US$ Bn), 2014-2024 
FIG. 86 Rest of South & Central America Generator Market, By End User (US$ Bn), 2014-2024 
FIG. 87 Caterpillar Inc. Revenue Share (%), By Region, 2015
FIG. 88 Caterpillar Inc. Revenue Share (%), By Business Segment, 2015
FIG. 89 Cummins Inc. Revenue Share (%), By Region, 2015
FIG. 90 Cummins Inc. Revenue Share (%), By Operating Business Segment, 2015
FIG. 91 Generac Holdings, Inc. Revenue Share (%), By Region, 2015
FIG. 92 Generac Holdings, Inc. Revenue Share (%), By Application, 2015
FIG. 93 Kirloskar Electric Company Ltd. Revenue Share (%), By Region, 2015
FIG. 94 Kirloskar Electric Company Ltd. Revenue Share (%), By Business Segment, 2015
FIG. 95 Wärtsilä Corporation Revenue Share (%), By Region, 2015
FIG. 96 Wärtsilä Corporation Revenue Share (%), By Business Segment, 2015
FIG. 97 Mitsubishi Heavy Industries, Ltd. Revenue Share (%), By Region, 2015
FIG. 98 Mitsubishi Heavy Industries, Ltd. Revenue Share (%), By Business Segment, 2015
FIG. 99 Briggs & Stratton Corporation Revenue Share (%), By Region, 2015
FIG. 100 Briggs & Stratton Corporation Revenue Share (%), By Business Segment, 2015

List of Tables

Table 1 Global Generator Market Snapshot
Table 2 Global Generator Market, Leading Players Analysis, 2015
Table 3 U.S. Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 4 U.S. Generator Market, By Application, 2014–2024 (US$ Bn)
Table 5 Rest of North America Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 6 Rest of North America Generator Market, By Application, 2014–2024 (US$ Bn)
Table 7 U.K. Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 8 U.K. Generator Market, By Application, 2014–2024 (US$ Bn)
Table 9 Germany Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 10 Germany Generator Market, By Application, 2014–2024 (US$ Bn)
Table 11 France Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 12 France Generator Market, By Application, 2014–2024 (US$ Bn)
Table 13 Rest of Europe Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 14 Rest of Europe Generator Market, By Application, 2014–2024 (US$ Bn)
Table 15 China Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 16 China Generator Market, By Application, 2014–2024 (US$ Bn)
Table 17 India Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 18 India Generator Market, By Application, 2014–2024 (US$ Bn)
Table 19 Australia Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 20 Australia Generator Market, By Application, 2014–2024 (US$ Bn)
Table 21 Rest of Asia Pacific Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 22 Rest of Asia Pacific Generator Market, By Application, 2014–2024 (US$ Bn)
Table 23 Saudi Arabia Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 24 Saudi Arabia Generator Market, By Application, 2014–2024 (US$ Bn)
Table 25 UAE Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 26 UAE Generator Market, By Application, 2014–2024 (US$ Bn)
Table 27 Rest of Middle East & Africa Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 28 Rest of Middle East & Africa Generator Market, By Application, 2014–2024 (US$ Bn)
Table 29 Brazil Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 30 Brazil Generator Market, By Application, 2014–2024 (US$ Bn)
Table 31 Rest of South & Central America Generator Market, By Power Rating, 2014–2024 (US$ Bn)
Table 32 Rest of South & Central America Generator Market, By Application, 2014–2024 (US$ Bn)

Generator sets are ideal solutions to provide electricity in individual homes and other facilities. Generator sets not only aid in providing backup power but also in peak shaving power and prime continuous power. Numerous households, communities, industrial, and commercial facilities have installed generator sets for providing power. Demand for electricity has been increasing constantly across the globe in the last decade owing to increasing population and industrialization. However, electricity generation by utilities is not sufficient to meet the global demand for power. This has created a favorable space for generator sets to fill in the gap between power generation and consumption. North America dominates the global market for generator sets. This report by Transparency Market Research analyzes, estimates, and forecasts demand for generator sets on the global and regional level for an eight-year period from 2016 to 2024 in terms of revenue. The study also provides information on restraints, drivers, and opportunities along with their impact on the overall market during the forecast period. The report segments the market based on power rating, fuel type, application, end-user, and region and provides estimates and forecast of the generator market for each segment.

The study analyzes the product value chain, beginning with components up to end-users. Additionally, it evaluates the market based on Porter’s Five Forces model, which analyzes the degree of competition in the market by considering factors such as bargaining power of buyers and suppliers, threat from substitute products and new entrants. The report includes a detailed competitive landscape of the generator market including company market share analysis and profiles of key market participants.

The report provides a decisive view of the generator market by segmenting the market based on power rating, fuel type, application, and end-user. Power rating segments analyzed in the report include below 100 kVA, 100–350 kVA, 350–1000 kVA, and above 1000 kVA generator sets. Based on fuel type, generator sets are segmented into diesel generators, natural gas generators, and other fuel generators. End-user segments analyzed in the report include residential generator sets and commercial & industrial generator sets. Based on application, generator sets are segmented into prime continuous power, standby backup power, and peak shaving power. All the segments have been analyzed based on present and future trends, and the market has been estimated from 2016 to 2024. Diesel generator sets are the most widely used fuel type generators across the globe. However, demand for natural gas generator sets is also increasing rapidly. Commercial & industrial end-users of generator sets accounted for the major share of the generator market. Generator sets are mostly used for standby backup power and prime continuous power.

The generator market has been segmented based on geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Demand for each type of generator sets in terms of revenue for each of these regions has been forecast in the report for the period from 2016 to 2024.

Leading manufacturers profiled in the report include Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac Holdings, Inc., Kirloskar Electric Company Ltd., Kohler Co., Mitsubishi Heavy Industries, Ltd., Multiquip Inc., Wärtsilä Corporation, and Yanmar Co., Ltd. These companies have been profiled in detail with features such as company overview, financial overview, business strategies, employee strength, and recent developments.

Generator Market – Fuel Type Segment Analysis

  • Diesel Generator Sets
  • Natural Gas Generator Sets
  • Other Fuels Generator Sets

Generator Market – Power Rating Segment Analysis

  • Below 100 kVA
  • 100–350 kVA
  • 350–1000 kVA
  • Above 1000 kVA

Generator Market – Application Segment Analysis

  • Standby Backup Power
  • Prime Continuous Power
  • Peak Shaving Power

Generator Market – End User Segment Analysis

  • Residential
  • Commercial & Industrial

Generator Market – Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America


 
 
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