Report Ocean published a new report on the ‘Global Generator Market’. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Get a complete report on Generator Market’ (Including Full TOC, 200+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Generator Market is valued approximately at USD 22.3 billion in 2019 and is anticipated to grow with a CAGR of 5.60 % over the forecast period 2020-2027.
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Generators provide uninterrupted power supply by conversion of mechanical energy into electrical energy and hence they are considered as top-notch power backup at times of emergencies. Sources of mechanical energy such as steam, gas or air are used to convert it into electrical energy which is used across various sectors. Generators are highly acceptable across several industrial sectors such as healthcare, Information Technology, construction sector, marine, chemical, oil and gas and many more. Ease in availability of the fuel, its convenient storage and ease of transportation are the major factors which results in high acceptability of the generators. Due to rapid urbanization & industrialization in both developed and developing economies, a rise in construction sector is observed which drive the growth of Global Generator Market.
For Instance: In 2018, as per United Nations 55% of the world’s population reside in urban areas which is estimated to increase up to approximately 68% by 2050. Further, due to variation in the voltage and voltage drops in the industrial processes, the demand for generator increase to ensure uninterrupted continuous industry operations. For Instance: As per a study by National Masters in 2019, sales and production of electric motors in Italy rose by 14.7 % since last year 2018. Innovative technological applications such as launch of hybrid generators which work on both fuel and mechanical power in emergencies create opportunities for the market growth. For Instance: In January 2019, Yamaha Motor Corporation launched a new EF2200iS inverter generator with higher efficiency and less fuel consumption. Mergers and acquisition is a major strategy that is adopted by various market players to expand the market presence.
For Instance: In February 2018, Generac Holdings Inc. acquired Selmec Equipos Industriales, S.A. de C.V. (Selmec) to expand its market share and strengthen its market hold. However, high installation cost of the generator is the major restraining factors which impede the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Generator market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to rapid industrialization & urbanization. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rise in industrial demand for power backup and rising adoption of generators would create lucrative growth prospects for the Generator market across Asia-Pacific region.
Major market player included in this report are:
Yamaha Motor Corporation Limited (Japan)
Cummins Inc. (US)
Kohler Co. (US)
Generac Holdings Inc. (US)
Caterpillar Inc. (US)
Honda Siel Power Products Ltd (India)
Su-Kam Power Systems Ltd (India)
Mahindra Powerol Ltd. (India)
Greaves Cotton Limited (India)
FG Wilson (UK)
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Diesel
Gas
By Application:
Standby
Peak Shaving
Continuous
By Power Rating:
<100 KVA
100-350 KVA
350-1000-2500 KVA
2500-5000 KVA
>5000 KVA
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By End-Use:
Residential
Commercial
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report answers the following key questions:
- How big is the market as a whole in 2022? What rate of market expansion is anticipated between 2023 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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