generator-sales-market
Published

September 2016

Generator Sales Market outlook to 2021

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The global generator sets market was estimated at USD 17.82 billion in 2015 and is projected to reach USD 25.57 billion by 2021, at a CAGR of 6.21% during the forecast period. Lack of reliable grid infrastructure and the need for emergency backup power solutions are some of the factors driving the generator set market.

Market Dynamics

Rising power demand, due to rapid urbanization and industrialization, low natural gas prices, increased awareness among end-users, and demand for steady power supply are driving the growth of generator set market. However, factors like high installation and operating costs of generators and the consumer shift to environment-friendly alternatives (solar, fuel cells, etc.) are restraining the market growth.

Market Segmentation & Scope

Diesel fuel is expected to be the leading fuel type used in global generator sets market during the forecast period, followed by natural gas, and others. However, diesel generator set market is expected to lose some market share to natural gas, dual fuel, and alternative fuel generator sets.

Natural gas generator sets market is growing rapidly at a CAGR of XX%, due to the low natural gas prices and their environmental-friendly nature.

*Values are given for indicative purpose only. Real values will be available in the full report

The increasing popularity of dual-fuel generator sets is due to the significant fuel savings it can provide regarding the price differential between natural gas and diesel. Also, a high interest for alternative fuel gen-sets is on the rise, as they have the potential to lower the total energy costs. This segment is projected to experience a boost in its growth during the forecast period.

*Values are given for indicative purpose only. Real values will be available in the full report

Scope of the report:

Generator Sets Market Analysis, by Region                         

  • North America 
  • Asia-Pacific        
  • Europe
  • The Middle East and Africa         
  • South America 

Generator Sets Market Analysis, by Fuel Type                    

  • Gas       
  • Diesel   
  • Alternative Fuel
  • Dual Fuel            

Generator Sets Market Analysis, by Capacity/Rating                       

  • 0-100 kVA          
  • 100-350 kVA     
  • 350-1000kVA   
  • Above 1000kVA              

Generator Sets Market Analysis, by End-Use                       

  • Residential         
  • Commercial       
  • Industrial            
  • Others 

Generator Sets Market Analysis, by Application                 

  • Standby Backup Power
  • Prime Continuous Power             
  • Peak Shaving Power      

Some of the prominent players profiled for the Generator Sets market:

  • AKSA Power Generation
  • Briggs & Stratton Corporation
  • Caterpillar Inc.
  • Cooper Corporation
  • Cummins Inc.
  • Doosan Corporation
  • Generac Power Systems
  • General Electric Corporation
  • Honda Power Equipment 
  • Kirloskar Oil Engines Limited
  • Kohler Co.
  • Kubota Corporation
  • Mahindra Powerol
  • Mitsubishi Heavy Industries Ltd.,
  • MTU Onsite Energy
  • SDMO
  • Wärtsilä Corporation

Key Deliverables in the Study

  • Market Overview -  market analysis and identification of key drivers, restraints, and opportunities.
  • Major trends and economic outlook.
  • Supply chain analysis.
  • Porter’s five forces analysis.
  • A comprehensive summary of the industry sectors and regions poised for the fastest-growth.
  • Generator sets market analysis by fuel type, region, capacity/rating, end-use, and application.   
  • Future outlook of the market.
  • Extensively researched competitive landscape section with profiles of major companies, along with their estimated market shares.
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