A generator is a machine that converts mechanical energy into electrical energy. The generator market includes the study of various types of generators such as diesel generators, gasoline generators, natural gas, bio-diesel, and solar generators.
The Asia Pacific is the largest generator market worldwide, followed by Europe and North America
The Asia Pacific and North America are mature generator market. This ongoing development is accompanied by increased usage intensity called the ‘data streaming’ process. According to a research study conducted by the Lawrence Berkeley National Laboratory, by early 2109, approximately 80% of the requested data volume would be streamed data. This is expected to contribute to the growth of the generator market.
The generator market in the Asia Pacific and Europe is expected to grow at a significant rate during the forecast period, owing to rapid urbanization, increase in infrastructure activities, and surge in industrial growth such as manufacturing, oil & gas in various countries such China, India, the U.K., France, in the region.
A rise in investment in the construction sector is expected to drive the demand for the generator market. The sales of light commercial and industrial generators depend on the growth of the various industries manufacturing, construction, etc.
Capital investment trends for small and large businesses and municipalities are expected to contribute to the adoption of generators
With advancements in technology, the demand for generators has risen dramatically. Persistent innovations in electrical technologies have further contributed to the demand for generators.
There are some remote areas where the electricity cannot be reached; generators are used efficiently in those areas. Moreover, during winter storms and hurricanes, generators are boon for mankind.
The generator market has been segmented based on product type, fuel, end-use, distribution channel, and region
The global demand for power generation is increasing. This is not just due to the rise in industrial production. Extensive use of the Internet is one of the other reasons. Several research studies have estimated that within the next two years, over 51% of the world’s population is using the Internet and currently, it is 34%. This shows that the demand for power generation will grow at a faster rate in the near future.
In terms of product type, the global generator market has been classified into a portable (less than 10 kW, 11-50 kW, and 51-100 kW) and standby (51-100 kW, 101-500 kW, 501-1000 kW, 1001-5000 kW, and above 5001 kW)
Based on fuel, the generator market has been divided into diesel, gasoline, natural gas, biodiesel, solar, and others (propane gas and hydrogen)
In terms of end-use, the generator market has been classified into residential (apartments and bungalows), commercial (hospitals, office, hotels, shopping malls, educational institute, and others [small complex and events]), industrial (manufacturing, energy & power, metal & mining, chemicals & petrochemicals, and others [IT & telecom and hospitality])
Based on the distribution channel, the generator market has been categorized into online and offline (direct sales and distributors)
Based on region, the generator market has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Italy, France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Argentina, Brazil, and Rest of South America)
Major players in the global generator market are significantly focusing on opportunities to improve their efficiency and enhance their production capabilities. Competition is expected to intensify in the near future with the entry of several local players for portable generators mainly. Key companies profiled in the research report include Aggreko, Atlas Copco, Caterpillar, Cummins, Endress generators, FG Wilson, Generac Power Systems, Kohler Co., Manlift, and PRAMAC.