Demand For Generator Is Anticipated To Reach US$ 54,873.6 Million By 2032-End
The global generator market is projected to reach US$ 32,170.8 mn in 2022 and US$ 54,873.6 mn by the end of 2032, growing at a CAGR of 5.5%.
Sales of Generator are anticipated to increase by 1.7X between 2022 and 2032.
Download Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=423?pk
The generator market is driven by the demand for reliable power supply across various sectors, including residential, commercial, and industrial. The increasing frequency and severity of power outages due to natural disasters, aging power infrastructure, and rising electricity demand have contributed to the growth of the generator market.
Moreover, the rising demand for backup power solutions in critical applications such as hospitals, data centers, and telecommunication networks has further boosted the demand for generators. In addition, the growth of the construction industry, particularly in emerging economies, has increased the demand for portable and stationary generators for powering construction sites and equipment.
Top Companies
- AKSA Power Generation
- Briggs & Stratton Corporation
- Caterpillar Inc.
- Cooper Corporation
- Cummins Inc.
- Doosan Corporation
- Generac Power Systems
- General Electric Corporation
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=423?pk
Competitive Landscape
Major generator market players around the world, including AKSA Power Generation, Briggs & Stratton Corporation, Caterpillar Inc., Cooper Corporation, etc., place a high priority on research and development in order to introduce cutting-edge products that will set them apart from their rivals and increase market penetration.
Generac Power System announced the opening of new manufacturing, distribution, and assembly facilities in Trenton, South Carolina, in February 2021. The main motivation behind the construction of this plant was to meet the rising demand for home standby generators and other energy-related technology. Also, this facility will act as a distribution hub for clients in the southeast region of the country.
Segmentation of Generator Industry Research
- By Product Type:
- AC Generator
- DC Generator
- By Output:
- Upto 60 KW
- 61 to 250 KW
- 251 to 500 KW
- 501 to 1000 KW
- Above 1000 KW
- By Fuel Source:
- Diesel Generator
- Gas Generator
- Others ( Bi-Fuel, Natural Gas, Etc.)
- By Application:
- Standby
- Peak Shaving
- Continuous
- By Installation:
- Stationary
- Mobile and Portable
- By Cooling Type:
- Air Cooled
- Hydrogen Cooled
- Water Cooled
- By End User:
- Commercial
- Datacenter
- Healthcare Facilities
- Telecom
- Hospitality Centers
- Others
- Residential
- Industrial
- Mining
- Oil & Gas
- Power and Energy
- Water Treatment Facility
- Others
- Military
- Commercial
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Get Full Access of Complete Report: https://www.factmr.com/checkout/423
How will the Demand for Diesel Generators be affected in the Future?
In the fuel source area, diesel generators had a market share of over 77.7% in 2021. The use of clean units has multiplied as a result of the introduction of strict emission standards by numerous governments worldwide. Yet, it is anticipated that the high demand for diesel generators will continue in the future due to the product’s adaptable operation, dependable performance, and extended engine lifespan. The market value of diesel generators is projected to be US$ 42,305.2 Mn by 2032.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Xherald
