According to IMARC Group’s latest report, titled “Generator Sales Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global generator market reached a value of US$ 19.30 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 27.07 Billion by 2027, exhibiting at a CAGR of 5.3% during 2022-2027.

A generator provides an optimum power backup by converting mechanical energy into electrical energy. It comprises an engine, charger, main control, alternator, voltage regulator, fuel system, main assembly, and a cooling and exhaust system. It is extensively used in commercial and residential spaces, especially during prolonged power outages. Nowadays, leading market players are introducing advanced generators that automatically switch on when the power grid fails.

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Generator Sales Market Trends: 

Severe weather conditions and natural disasters, such as earthquakes, hurricanes, tornadoes, and tsunamis, can cause power failures. This represents one of the major factors escalating the demand for generators across the globe. Moreover, rapid urbanization and increasing reliance on electricity during construction activities are propelling the market growth. Besides this, the growing popularity of natural gas generators in industrial sites on account of stringent regulations implemented by governments of different countries is positively influencing the market. Furthermore, the rising utilization of commercial emergency power backups in the healthcare industry to keep life support machines working during power cuts is bolstering the market growth.

Generator Sales Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the generator market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • ABB Ltd.
  • Atlas Copco AB
  • Bharat Heavy Electricals Limited
  • Briggs & Stratton Corporation
  • Caterpillar Inc.
  • Cummins Inc.
  • Generac Power Systems Inc.
  • General Electric Company
  • Kohler Co.
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce plc
  • Siemens AG
  • Toshiba Corporation
  • Wacker Neuson SE
  • Wärtsilä Corporation.

Key Market Segmentation:

The report has segmented the global generator market on the basis of fuel type, power rating, application, end user and region

Breakup by Fuel Type:

  • Diesel
  • Gas
  • Others

Breakup by Power Rating:

  • Below 75 kVA
  • 75-375 kVA
  • 375-750 kVA
  • Above 750 kVA

Breakup by Application:

  • Continuous Load
  • Peak Load
  • Stand by Load

Breakup by End User:

  • Residential
  • Commercial
  • Industrial

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key Highlights of the Report:                                                           

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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