Global Generator Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

List of Tables

The global demand for Generator Market is presumed to reach the market size of nearly USD 64.03 Billion by 2032 from USD 40.02 Billion in 2023 with a CAGR of 5.36% under the study period 2024 - 2032.

A generator transforms mechanical energy into electrical energy. It typically consists of an engine, such as a combustion engine or turbine, connected to an electrical generator or alternator. When the engine is powered, it rotates a magnet within a wire coil, inducing an electric current that generates electricity. These are used in various applications to provide backup power during outages, supply electricity in remote areas without access to the grid, and as primary power sources in industries such as construction, mining, and agriculture. They come in different sizes and types, including portable, standby, and industrial, catering to different power needs.

MARKET DYNAMICS

The rising need for uninterrupted power supply across residential, commercial, industrial, and healthcare sectors is a major driver of market expansion. With frequent power outages due to natural disasters, grid failures, and infrastructure limitations, backup power solutions like generators have become paramount to ensure continuous operations and prevent disruptions. Moreover, the growing construction activities, infrastructure development projects, and expanding industrial sectors in emerging economies fuel the demand for generators for primary and standby power applications. The rising adoption of generators in remote and off-grid locations, such as mining sites, construction sites, and rural areas, where access to reliable grid power is limited, is driving market growth. Furthermore, the increasing deployment of data centers, telecommunications facilities, hospitals, and critical infrastructure to safeguard against power failures and ensure business continuity contributes to market expansion.

Moreover, technological advancements resulting in the development of fuel-efficient, low-emission, and quieter generators are enhancing their appeal among end-users, further driving market demand. Additionally, government initiatives and regulations promoting clean energy and renewable power sources encourage the adoption of hybrid and solar-powered generators, thereby diversifying the product offerings and expanding the market. Furthermore, the growing trend of rental generators and power-as-a-service models provides opportunities for market players to tap into new source streams and address customers' evolving needs. However, advancements in renewable energy sources and energy storage technologies may challenge the market growth in the coming years.

The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of generator. The growth and trends of Generator Industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the generator market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Power Rating

Below 100 Kva
100 Kva - 500 Kva
501 Kva - 1000 Kva
Above 1000 Kva

By Fuel

Diesel
Natural Gas
Others

By Type

Stationary Generators
Portable Generators

By Application

Prime And Continuous
Standby
Peak Shaving

By End-User

Residential
Commercial
Industrial
Telecom

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Generator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the generator market include Cummins Inc., Caterpillar Inc., Generac Holdings Inc., Koel Green, Kohler Co., Yamaha Motor Corporation, Himoinsa, Briggs & Stratton Corporation, Wartsila Corporation, Aksa Power Generation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114186

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . GENERATOR - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Power Rating
- 3.7.2 Market Attractiveness Analysis By Fuel
- 3.7.3 Market Attractiveness Analysis By Type
- 3.7.4 Market Attractiveness Analysis By Application
- 3.7.5 Market Attractiveness Analysis By End-user
- 3.7.6 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL GENERATOR MARKET ANALYSIS BY POWER RATING

5.1 Overview by Power Rating
5.2 Historical and Forecast Data
5.3 Analysis by Power Rating
5.4 Below 100 kVA Historic and Forecast Sales by Regions
5.5 100 kVA - 500 kVA Historic and Forecast Sales by Regions
5.6 501 kVA - 1000 kVA Historic and Forecast Sales by Regions
5.7 Above 1000 kVA Historic and Forecast Sales by Regions

6 . GLOBAL GENERATOR MARKET ANALYSIS BY FUEL

6.1 Overview by Fuel
6.2 Historical and Forecast Data
6.3 Analysis by Fuel
6.4 Diesel Historic and Forecast Sales by Regions
6.5 Natural Gas Historic and Forecast Sales by Regions
6.6 Others Historic and Forecast Sales by Regions

7 . GLOBAL GENERATOR MARKET ANALYSIS BY TYPE

7.1 Overview by Type
7.2 Historical and Forecast Data
7.3 Analysis by Type
7.4 Stationary Generators Historic and Forecast Sales by Regions
7.5 Portable Generators Historic and Forecast Sales by Regions

8 . GLOBAL GENERATOR MARKET ANALYSIS BY APPLICATION

8.1 Overview by Application
8.2 Historical and Forecast Data
8.3 Analysis by Application
8.4 Prime and Continuous Historic and Forecast Sales by Regions
8.5 Stand Historic and Forecast Sales by Regions
8.6 Peak Shaving Historic and Forecast Sales by Regions

9 . GLOBAL GENERATOR MARKET ANALYSIS BY END-USER

9.1 Overview by End-user
9.2 Historical and Forecast Data
9.3 Analysis by End-user
9.4 Residential Historic and Forecast Sales by Regions
9.5 Commercial Historic and Forecast Sales by Regions
9.6 Industrial Historic and Forecast Sales by Regions
9.7 Telecom Historic and Forecast Sales by Regions

10 . GLOBAL GENERATOR MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1. Overview, Historic and Forecast Data Sales Analysis
- 10.3.2. North America By Segment Sales Analysis
- 10.3.3. North America By Country Sales Analysis
- 10.3.4. United State Sales Analysis
- 10.3.5. Canada Sales Analysis
- 10.3.6. Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1. Overview, Historic and Forecast Data Sales Analysis
- 10.4.2. Europe by Segment Sales Analysis
- 10.4.3. Europe by Country Sales Analysis
- 10.4.4. United Kingdom Sales Analysis
- 10.4.5. France Sales Analysis
- 10.4.6. Germany Sales Analysis
- 10.4.7. Italy Sales Analysis
- 10.4.8. Russia Sales Analysis
- 10.4.9. South East Asia Sales Analysis
- 10.4.10. Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1. Overview, Historic and Forecast Data Sales Analysis
- 10.5.2. Asia Pacific by Segment Sales Analysis
- 10.5.3. Asia Pacific by Country Sales Analysis
- 10.5.4. China Sales Analysis
- 10.5.5. India Sales Analysis
- 10.5.6. Japan Sales Analysis
- 10.5.7. South Korea Sales Analysis
- 10.5.8. Australia Sales Analysis
- 10.5.9. Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1. Overview, Historic and Forecast Data Sales Analysis
- 10.6.2. Latin America by Segment Sales Analysis
- 10.6.3. Latin America by Country Sales Analysis
- 10.6.4. Brazil Sales Analysis
- 10.6.5. Argentina Sales Analysis
- 10.6.6. Peru Sales Analysis
- 10.6.7. Chile Sales Analysis
- 10.6.8. Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1. Overview, Historic and Forecast Data Sales Analysis
- 10.7.2. Middle East & Africa by Segment Sales Analysis
- 10.7.3. Middle East & Africa by Country Sales Analysis
- 10.7.4. Saudi Arabia Sales Analysis
- 10.7.5. UAE Sales Analysis
- 10.7.6. Israel Sales Analysis
- 10.7.7. South Africa Sales Analysis
- 10.7.8. Rest Of Middle East And Africa Sales Analysis

11 . COMPETITIVE LANDSCAPE OF THE GENERATOR COMPANIES

11.1. Generator Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12 . COMPANY PROFILES OF GENERATOR INDUSTRY

12.1. Company Share Analysis
12.2. Market Concentration Rate
12.3. Cummins Inc.
- 12.3.1. Company Overview
- 12.3.2. Company Revenue
- 12.3.3. Products
- 12.3.4. Recent Developments
12.4. Caterpillar Inc.
- 12.4.1. Company Overview
- 12.4.2. Company Revenue
- 12.4.3. Products
- 12.4.4. Recent Developments
12.5. Generac Holdings Inc.
- 12.5.1. Company Overview
- 12.5.2. Company Revenue
- 12.5.3. Products
- 12.5.4. Recent Developments
12.6. Koel Green
- 12.6.1. Company Overview
- 12.6.2. Company Revenue
- 12.6.3. Products
- 12.6.4. Recent Developments
12.7. Kohler Co.
- 12.7.1. Company Overview
- 12.7.2. Company Revenue
- 12.7.3. Products
- 12.7.4. Recent Developments
12.8. Yamaha Motor Corporation
- 12.8.1. Company Overview
- 12.8.2. Company Revenue
- 12.8.3. Products
- 12.8.4. Recent Developments
12.9. Himoinsa
- 12.9.1. Company Overview
- 12.9.2. Company Revenue
- 12.9.3. Products
- 12.9.4. Recent Developments
12.10. Briggs & Stratton Corporation
- 12.10.1. Company Overview
- 12.10.2. Company Revenue
- 12.10.3. Products
- 12.10.4. Recent Developments
12.11. Wartsila Corporation
- 12.11.1. Company Overview
- 12.11.2. Company Revenue
- 12.11.3. Products
- 12.11.4. Recent Developments
12.12. Aksa Power Generation
- 12.12.1. Company Overview
- 12.12.2. Company Revenue
- 12.12.3. Products
- 12.12.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies