Electric Generators Market: Introduction
In many parts of the developing world, providing electricity access for all remains a serious challenge. To counter electricity shortage, electric generators are considerably used in every part of the world. Growing economies, burgeoning and urbanizing middle classes across the prominent regions provide an ideal platform for a promising growth outlook.
Electric generators are utilized in residential, commercial, and industrial applications as a backup power source. They are offered on the basis of fuel type, notably diesel and natural gas. In the forthcoming years, the demand for natural gas electric generators is pegged to outpace that for diesel-based electric generators against the backdrop of growing environmental concerns. In addition, for residential purposes, standby and portable electric generators are gaining traction in the global electric generators market.
Subsequently, the aim of the study is to analyze the most recent trends and dynamics in the global and regional electric generators market.
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Electric Generators Market: Regional Outlook
Geographic location and low population densities of villages with low access to electricity make certain regions lucrative for the pragmatic growth of the electric generators market. Aging and underinvested electric grids, increasing power outages and favorable demographics are some of the long-term growth propagators in the electric generators market. Furthermore, the regulatory environment regarding natural gas is driving the demand for gaseous-fueled electric generators in North America.
Despite the increase in electricity generation in India and SEAP, these regions face a structural shortage of power. For residential consumers, this constraint is most evident during periods of peak demand, which has compelled households to invest in electric generators as back-up. In remote areas of ASEAN, small diesel-powered electric generators continue to play a key albeit diminishing role in providing electricity.
Electric Generators Market: Market Participants
Examples of some of the key market participants in the global electric generators market discerned across the value chain include:
- Generac Power Systems
- Kohler Co.
- Caterpillar Inc.
- Atlas Copco
- Kirloskar Group
- Cummins Inc.
- Siemens AG
- Briggs & Stratton Corporation
- HIMOINSA S.L.
- GRUPEL S.A.
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Electric Generators Market Report Highlights:
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Electric Generators Market – Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on electric generators market performance
- Must-have information for market players to sustain and enhance their market footprint
Electric Generators Market: Market Segmentation
The global electric generators market can be segmented on the basis of application, power rating, fuel type, and region.
On the basis of application, the global electric generators market has been segmented as:
- Residential
- Standby
- Portable
- Commercial
- Industrial
On the basis of power rating, the global electric generators market has been segmented as:
- Less than 60 kW
- 60 kW – 300 kW
- 300 kW – 1 MW
- Greater than 1 MW
On the basis of fuel type, the global electric generators market has been segmented as:
- Diesel
- Natural Gas
- Gasoline and Other Fuels
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