According to a new report published by xResearch, titled, “Generator Sales Market 2022 – Industry Insights, Trends, Opportunity & Forecast, 2022–2030,” the global generator sales market size is anticipated to witness moderate growth during the forecast period i.e. 2022-2030.

 

The increasing prevalence of blackouts & natural disasters across the globe, the fast-paced industrialization, the rising number & scale of various end user industries that require uninterrupted power & energy supply for the smooth functioning of operations, the surging demand for power backup systems, the escalating focus of governments on the electrification of rural areas and the growing manufacturing sector across the globe are the primary factors fueling the growth of the global generator sales market.

 

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According to fuel type, the diesel segment held the largest share of the market in 2021. The trend is expected to continue over the forecast period of 2022-2030. On the other hand, the gas segment is expected to attain the highest CAGR in the market during the forecast period of 2022-2030. According to end user, the industrial segment is anticipated to lead and achieve the highest growth in the market during the forecast period of 2022-2030. According to application, the standby segment is estimated to acquire the largest share and witness the highest growth in the market during the forecast period of 2022-2030.According to portability, the portable segment is projected to dominate the market during the forecast period of 2022-2030.This can be largely attributed to the rising preference for portable generators over stationary generator sowing to their easy transportability, the requirement of less amount of fuel, and the increasing number of short-term projects worldwide.

 

Geographically, the Asia Pacific region is estimated to be the leading and the fastest growing regional market for generator sales during the forecast period, followed by North America and the Middle East & Africa region. The presence of emerging nations such as India and China is the major factor responsible for the large share and high growth of the market in this region. In the North American region, the surging investments from government & private organizations towards increasing the adoption of generators and the growing technological advancements in generator technologies are aiding in the expansion of the generator sales market. Countries such as U.S. and Canada are among the key contributors to the market in the region.

 

Some of the major generator sales companies profiled in the report include Caterpillar, Cummins, Kohler-SDMO, Generac, Aksa, Himoinsa, ABB, Denyo Co. Ltd., Doosan, Cooper Corp., and Mitsubishi Heavy Industries Ltd.

 

The global generator sales market is segmented into fuel type, application, end user, rating, portability, sales channel, and region. Based on fuel type, the market is bifurcated into diesel, gas, and others. Based on application, it is classified into standby, prime & continuous, and peak shaving. Based on end user, it is classified into industrial, commercial, and residential. Based on rating, it is classified into 100 kVA, 100-350 kVA, 350-1000 kVA, 1000-2500 kVA, 2500-5000 kVA, and above 5000 kVA. Based on portability, it is classified into stationary and portable. Based on sales channel, it is classified into direct and indirect.

The global generator sales market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

Key Insights of Generator Sales Market

  • On the basis of fuel type, the diesel segment held the largest share of the market in 2021. The trend is expected to continue over the forecast period of 2022-2030. The gas segment is expected to attain the highest CAGR in the market during the forecast period of 2022-2030.
  • On the basis of end user, the industrial segment is anticipated to lead and achieve the highest growth in the market during the forecast period of 2022-2030.
  • On the basis of application, the standby segment is estimated to acquire the largest share and witness the highest growth in the market during the forecast period of 2022-2030.
  • On the basis of portability, the portable segment is projected to dominate the market during the forecast period of 2022-2030.
  • On the basis of region, the Asia Pacific region is estimated to be the leading and the fastest growing regional market for generator sales during the forecast period, followed by North America and the Middle East & Africa region.

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

 

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