Generator Sales Market

Generator Sales Market

Growth Factors of Generator Sales Market

The global generator sales market size was valued at USD 30.09 billion in 2023 and is projected to grow from USD 31.85 billion in 2024 to USD 49.57 billion by 2032, exhibiting a CAGR of 5.68% during the forecast period of 2024-2032.

The pandemic brought about delivery chain disruptions inside the generator sales market. Still, it boosted demand for backup energy in healthcare, statistics facilities, and residential sectors, assisting marketplace recovery and impeding the generator sales market growth.

The riding factors for the generator income marketplace consist of growing demand for dependable electricity supply because of common energy outages, speedy industrialization, urbanization, and the developing want for backup strength in sectors, which include healthcare, statistics centers, and industrial homes.

Portable and compact turbines have become increasingly popular because of their elevated portability, taking into account easy transportation and use in diverse packages. Additionally, many portable generators are prepared with multi-gasoline abilities, permitting them to operate on specific fuels, including fuel, diesel, propane, and natural gas, expanding the generator sales market share globally. This flexibility affords customers extra comfort and adaptability in one-of-a-kind conditions.

Comprehensive Analysis of Generator Sales Market

The generator income marketplace is segmented by fuel type, power rating, software, and cease-consumer. Diesel generators lead in fuel kind because of their reliability and simplicity of upkeep, followed by gas generators for his or her cost-effectiveness. In strength score, the above 750 kVA phase dominates, catering to extensive industrial operations, even as beneath 75 kVA generators are time-honored in smaller companies. The non-stop load section is expected to develop notably because it is application-sensible and used in heavy-duty operations. In contrast, a standby load displays an increasing call for backup power. Regarding cease-customers, the residential section is poised for a boom driven by urbanization and the need for dependable electricity, with production following closely because of its dependence on uninterrupted power supply for manufacturing.

The Asia Pacific region led the generator sales market by benefitting a size of USD 9.39 billion in 2023 due to being the most important manufacturer and consumer, Asia Pacific leads in generator sales.

The leading players in the generator sales market significantly shape its growth trajectory and establish industry standards. Key companies, including Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Himoinsa (Spain), John Deere (U.S.), Aggreko (U.S.), Atlas Copco (Sweden), Ingersoll Rand (U.S.), Kirloskar Electric Co. Ltd. (India), Generac Power Systems (U.S.), Honda Motor Co. Inc. (Japan), Wärtsilä (Italy), DAIHATSU DIESEL MFG. CO., LTD. (Japan), Yanmar Holdings Co., Ltd. (Japan), Briggs & Stratton (U.S.), Kohler SDMO (France), BGG.UK (U.K.), PRAMAC (Italy), FG Wilson (U.K.), Wacker Neuson (Germany), HiPower Systems (U.S.), New Way (South Africa), J C Bamford Excavators Ltd. (U.K.), Inmesol (Spain), and Dagartech (Spain), contribute to a competitive landscape that drives innovation and advancements in the market.

In July 2023, Himoinsa introduced a progressive diagnostic machine that lets customers quickly and intuitively perform superior diagnostic and upkeep responsibilities on HIMOINSA generator sets. Referred to as the HIMOINSA Diagnostic, this tool aids users in figuring out mistake codes, finding precise additives and their positions, and carrying out tasks that contain adjusting parameters throughout different ECUs. These duties include sensor calibration, configuring operational parameters, and replacing and regenerating the DPF.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.68% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Fuel Type

Diesel

Gas

Others

By Power Rating

Below 75 kVA

75-375 kVA

375-750 kVA

Above 750 kVA

By Application

Continuous Load

Peak Load

Standby Load

By End-User

Mining

Oil & Gas

Construction

Residential

Marine

Manufacturing

Pharmaceuticals

Commercial

Telecom

Utility

Data Center

Others

By Country

North America (By Fuel Type, Power Rating, Application, End-User, and Country)

• U.S. (By Fuel Type)
• Canada (By Fuel Type)

Europe (By Fuel Type, Power Rating, Application, End-User, and Country)

• Germany (By Fuel Type)
• France (By Fuel Type)
• UK (By Fuel Type)
• Spain (By Fuel Type)
• Russia (By Fuel Type)
• Rest of Europe (By Fuel Type)

Asia Pacific (By Fuel Type, Power Rating, Application, End-User, and Country)

• China (By Fuel Type)
• India (By Fuel Type)
• Japan (By Fuel Type)
• Australia (By Fuel Type)
• Southeast Asia (By Fuel Type)
• Rest of Asia Pacific (By Fuel Type)

Latin America (By Fuel Type, Power Rating, Application, End-User, and Country)

• Brazil (By Fuel Type)
• Mexico (By Fuel Type)
• Argentina (By Fuel Type)
• Rest of Latin America (By Fuel Type)

Middle East & Africa (By Fuel Type, Power Rating, Application, End-User, and Country)

• GCC (By Fuel Type)
• South Africa (By Fuel Type)
• Egypt (By Fuel Type)
• Rest of the Middle East & Africa (By Fuel Type)