Silent Generator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Silent Generator Market
The silent generator market size was valued at USD 3.19 billion in 2023, and the market is now projected to grow from USD 3.37 billion in 2024 to USD 5.42 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period of 2024-2032.
COVID-19 has been an unprecedented event in terms of the demand that was witnessed across all the different regions for silent generators which was way below the pre-pandemic demand. The period witnessed a decrease in the silent generator market growth in the international marketplace.
Gradual production and application of heating and cooling systems, printers, scanners, routers, desktops, and notebooks have made the possession of UPS necessary in the home premises. The requirement of backup power from hospitals to data centers cannot be ignored since it helps maintain continuity and security, especially during emergencies. The recovery of the construction sector in many regions of the world market increased and translated into the need for more power sources to power various construction and safety equipment. For the last five years, these generators have been employed to serve as an alternative source of power in the construction sites especially as a way of combating extra noise. All these factors impacted the silent generator market share such that it increased.
Different countries of the world are undertaking several initiatives for rural development and electric infrastructure is one of them. Many nations are investing in spot energy generation techniques in the needed regions. The adoption of noise-relating regulations on the use of outdoor machines and equipment takes regard to the noise produced by the actual generators. This shows the demand for silent power backup solutions.
Comprehensive Analysis of Silent Generator Market
The ratings and reviews for the silent generator market segmentation by type, power, fuel type, start type, and end-use have been provided in the above section. Regarding mobility, the market comprises stationary portable, and/or non-portable standby generators. Power segments include 1kVA-12. From 5kVA up to and beyond 500kVA depending on the needs. Fuel types include diesel, Petrol, dual fuel (Petrol/Propane), and gas; as for start types, electric and pull come into play as well as the wireless remote. The end-use sectors are industrial, commercial, and residential to indicate the widespread use of silent generators.
The North American market went to a worth of USD 1. 05 billion in 2021 and is expected to be the largest during the forecast period. The regional growth is supported by increased construction spending, rising population densities especially of the urban population and their activities as well as industrial activity within the region.
Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Generac Power Systems, Inc. (U.S.), Atlas Copco AB (Sweden), Kirloskar Oil Engines Limited (India), DENYO CO., LTD. (Japan), MAHINDRA POWEROL (India), Honda Power Equipment (U.S.), CRAFTSMAN (U.S.), Westinghouse Electric Company LLC (U.S.), WhisperPower International BV (Netherlands), Ashok Leyland (India), Jakson Group (India), Jiangxi Vigorous New Energy Technology Co., Ltd. (China), and Briggs & Stratton (U.S.) are some major players in this industry. It is due to these groups of companies who are leaders within the discipline that more of the competitors get to have equal opportunities to grow as they can create forums that will lead to the increase of the discipline and also set the standards for the arena.
In September 2021 Generac Power System released a new DC generator which is said to charge PWRcell batteries faster. The PWR generator combines the economic advantage of solar power and the power independence and power reliability feature of a home standby generator.
Segmentation Table
Global Silent Generator Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.1% from 2024 to 2032
Unit Value (USD Billion)
By Type
Portable
Standby
By Power
1kVA-12.5kVA
12.5kVA-45kVA
46kVA-100kVA
100kVA-500kVA
Over 500kVA
By Fuel Type
Diesel
Gasoline
Dual Fuel (Gasoline/Propane)
Gas
By Start Type
Electric
Pull
Wireless Remote
By End-use
Industrial
Commercial
Residential
By Region North America (By Type, By Power, By Fuel Type, By Start Type, By End-use, By Country)
- U.S. (By Fuel Type)
- Canada (By Fuel Type)
Europe (By Type, By Power, By Fuel Type, By Start Type, By End-use, By Country)
- U.K. (By Fuel Type)
- Germany (By Fuel Type)
- France (By Fuel Type)
- Italy (By Fuel Type)
- Spain (By Fuel Type)
- Russia (By Fuel Type)
- Rest of Europe (By Fuel Type)
Asia Pacific (By Type, By Power, By Fuel Type, By Start Type, By End-use, By Country)
- China (By Fuel Type)
- Japan (By Fuel Type)
- India (By Fuel Type)
- Southeast Asia (By Fuel Type)
- Rest of Asia Pacific (By Fuel Type)
Latin America (By Type, By Power, By Fuel Type, By Start Type, By End-use, By Country)
- Brazil (By Fuel Type)
- Mexico (By Fuel Type)
- Argentina (By Fuel Type)
- Rest of Latin America (By Fuel Type)
Middle East & Africa (By Type, By Power, By Fuel Type, By Start Type, By End-use, By Country)
- GCC (By Fuel Type)
- South Africa (By Fuel Type)
Rest of Middle East & Africa (By Fuel Type)
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