Generator Sales Market - Trends Forecast Till 2028

Market Overview

The global generator sales market is projected to reach USD 19.9 billion in 2021, at a CAGR of 6.9% during the forecast period 2021-2028.

A generator is a converting device that transforms mechanical energy into electrical energy with the help of an electric motor for the purpose of using it in an external circuit. Mechanical energy varies based on its types such as internal combustion engines, hand cranks, gas turbines, water turbines, and steam turbines which are further converted into electrical energy through generators.

Increasing demand for uninterrupted and reliable power from a wide range of end-users such as the residential, IT/telecom, healthcare, utility and power generation, marine, chemical, oil & gas, mining, and construction sectors are some of the factors that have supported long-term expansion for Generator Sales Market.

The ongoing COVID-19 pandemic has impacted the power industry globally. Due to the current scenario, various device manufacture companies across regions have to shut down their manufacturing facilities and services as countries practiced partial or full lockdown strategy to deal with the pandemic.

Regional Analysis

Asia Pacific is expected to be the largest and fastest growing market due to the high demand for power products in China and India. The high economic growth rate of China has led to an increase in the demand for power generation equipment such as diesel and gas generators in the country.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Briggs & Stratton
• Caterpillar
• Cummins
• Generac
• Kohler
• Mitsubishi Heavy Industries
• MQ Power
• Rolls-Royce
• Wacker Neuson
• Wartsila
• Siemens Energy
• Atlas Copco
• Weichai Group
• Yanmar
• Denyo
• Abb
• Briggs & Stratton
• Kohler Co.

Recent Developments

• In January 2021, HIMOINSA, through its distributor, supplied 1.8 MW of emergency power to the Liipola tunnel in southern Finland. HIMOINSA installed the HTW 2030 T5 generating set capable of providing 2250 kVA in emergency power to start up the tunnel's lighting and ventilation system in the event of a mains failure.
• In March 2021, Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET) developed a 2,000-kVA diesel generator with the highest output level in a Japanese-made packaged generator, used mainly in facilities as such as factories, hospitals, office buildings, and data centers.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Generator Sales Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope