Generator Market by Fuel Type (Gasoline, Diesel, LPG, Natural Gas, and Others); by Power Rating (Up to 5 KVA, 5 to 10 KVA, 10 to 15 KVA, and 15 to 20 KVA); by Generator Type (Portable and Stationary); and by End-user (Industrial, Telecom, Residential, and Commercial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Global generator market expected to generate revenue of around USD 3.01 billion by end of 2024, growing at a CAGR of around 6.8% between 2018 and 2024. A generator is also known as a dynamo, several machines convert kinetic or mechanical energy to electricity for distribution and transmission beyond power lines to commercial, domestic, and industrial customers.

10-Aug-2018 | Number of pages: 130 | Report Code: ZMR-3264 | Report Format : | Status : Published

Analysis

A generator is a device that converts mechanical energy into electrical energy which regularly turbines, employ motors, cranks, engines, pistons or other sources of mechanical energy. A generator is a device that is capable of maintaining the electric voltage between two points, called terminals or centers. Generators can be sub-divided into two main categories depending on whether the electric current produced is direct current (DC) or alternating current (AC). They are also accessible in different sizes and forms, making them available to almost everyone. Generators simply produce a flow of electricity by forcing electrons from an external source but do not produce electricity through an electrical circuit to flow.

The generator market is primarily driven by increasing demand for IT infrastructure management and rising demand for reliable and uninterrupted power supply. Increasing adoption of energy storage technologies may hamper the volume sales of some generator in certain regional markets. High life cycle cost of internal combustion engines is a major challenge for the growth of the generator market. The global generator market offers new growth opportunities for domestic and global manufacturers during the forecast period due to increasing developments in the emerging economies and increasing adaption of bi-fuel, hybrid generators, and inverter generators.

Global Generator Market

Generator market is classified in terms of fuel type, power rating, generator type, and end-user. In terms of fuel type, the global generator market is segmented into gasoline, diesel, LPG, natural gas, and others. Diesel was the largest fuel type segment of the global generator market. Diesel generators are mainly preferred power backup solution and accounted for more than 80% of the global generators market in 2017. Low capital cost of diesel generators and mature technology are the factors driving the growth of diesel generator market during the forecast period. In terms of power rating, the global generator market is divided into up to 5 KVA, 5 to 10 KVA, 10 to 15 KVA, and 15 to 20 KVA. 5 to 10 KVA market segment held the largest market share due to huge demand across the globe during the forecast period. On the basis of generator type, the global generator market is categorized into portable and stationary. In 2017, the stationary segment was the most attractive generator type of the global generator market. Stationary type of generator employs a mechanical transfer switch which monitors the external power and switches the generator on and off as desired. In terms of end-user, the global generator market is categorized into industrial, telecom, residential, and commercial. The industrial end-user segment is estimated to lead the generator sales market in 2017 and is expected to develop at the highest CAGR during the forecast period.

Based on the geographical classification, Asia Pacific ruled the market of the generator in 2017 and accounted for a considerable share of the generator market. Countries such as India, China, Japan, and Austria have a high economic growth rate with the increased number of manufacturing industries in the Asia Pacific region. In addition, growing commercial and telecom sectors and the increasing demand for backup power to offset regular power fluctuations will expect well for the market’s projection in the Asia Pacific. Maximum share of the generator market is expected to be held by North America and Europe during the forecast period. The U.S. accounts for the major share in the North America province. 

Some of the major players involved in the global generator include Cummins Inc., Kohler Co., Mahindra Powerol, Caterpillar Inc., Yamaha Motor Corporation, Honda Siel Power Products Ltd., KOEL Green, Generac Holdings, Rolls-Royce, Yanmar, and others.


Related Reports

Global Microgrid Market – By Grid Type (DC Microgrid and AC Microgrid), By Connectivity (Off-Grid and Grid Connected), By Storage (Lead Acid, Lithium-ion, Flywheel, Flow Batteries, and Others), By Power Source (Natural Gas, Diesel Generator, Solar PV, CHP, and Others), By Application (Utility, Military, Educational Institutes, Healthcare, Remote, Industrial/Commercial, and Others), and By Region: Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5304 | Report Format:

This report analyzes and estimates the microgrid market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the microgrid market drivers ...Read More

Vanadium Redox Battery (VRB) Market – By Type (Redox and Hybrid), Electrode Type (Carbon Paper Electrode and Graphite Felt Electrode) and By Application (Utilities, Commercial & Industrial, Military, EV Charging Station, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5238 | Report Format:

This professional and specialized report study examines the technical and business perspective of the vanadium redox battery (VRB) industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the vanadium redox battery (VRB) market...Read More

Slope Stabilisation & Erosion Control Product Market – By Product Type (Geotextiles, Geocells, Erosion Control Blankets, Open weave textiles, Turf reinforcement mats and Sediment retention fiber logs) and By Application (Transportation, Hydraulic Construction, Soil stabilization, Earth reinforcement, Load support, Channel protection and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5236 | Report Format:

This professional and specialized report study examines the technical and business perspective of the slope stabilisation erosion control product market. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the slope stabilisation ...Read More

Oil and Gas Fittings Market: by Type (Portable Generator and Stationary Generator), By Power Output (Less than 1.0 KW, 1.0 to 3.0 KW, 3.0 to 5.0 KW, and More than 5.0 KW), By Power Output (Standby Backup Power and Continuous Power) and by End-Use (Commercial, Residential, Industrial, Agricultural, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026

Dec-2019 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5163 | Report Format:

The global oil and gas fitting market valued US$ 1.06 Billion in 2018 and is expected to be valued at US$1.32 Billion in 2026 at a CAGR of 2.8%. The report covers forecast and analysis for the oil and gas fittings market on a global and regional level. The research report presents a comprehensive ...Read More

Conductive Fibers Market: by Reinforced Material by Type (Copper, Carbon, Nickel, Lead, Silver, and Others), by Application (Non-Woven Fabric, Woven Fabric, and Knitted Fabric), Base Material Type (Cotton, Nylon, Polyester, Wool, Polyamide, and Others) and by End-Use (Military & Defense, Aerospace & Aviation, Sports & Fitness, Consumer Electronics, Protection & Safety, Fashion & Entertainment, Transportation, Architecture, and Industrial Belts): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026

Oct-2019 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-4937 | Report Format:

The forecast and analysis for the conductive fibers market on a global and regional level are covered in this report. The study offers a widespread valuation of the market, competition, evolving trends, opportunities, and industry-validated market numbers. The report provides significant data of 2...Read More

Request Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.