Global Emergency Power Generators Market Growth 2023-2029

Global Emergency Power Generators Market Growth 2023-2029

Emergency power generator means a stationary combustion device, such as a reciprocating internal combustion engine or turbine that serves solely as a secondary source of mechanical or electrical power whenever the primary energy supply is disrupted or discontinued during power outages or natural disasters that are beyond the control of the owner or operator of a facility. An emergency generator operates only during emergency situations, for training of personnel under simulated emergency conditions, as part of emergency demand response procedures, or for standard performance testing procedures as required by law or by the generator manufacturer. A generator that serves as a back-up power source under conditions of load shedding, peak shaving, power interruptions pursuant to an interruptible power service agreement, or scheduled facility maintenance shall not be considered an emergency generator.

An emergency power system is an independent source of electrical power that supports important electrical systems on loss of normal power supply. This report mainly studies emergency power generators market, by type (diesel generator, gas generator, and other), by application (residential, commercial, and industrial).

LPI (LP Information)' newest research report, the “Emergency Power Generators Industry Forecast” looks at past sales and reviews total world Emergency Power Generators sales in 2022, providing a comprehensive analysis by region and market sector of projected Emergency Power Generators sales for 2023 through 2029. With Emergency Power Generators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Emergency Power Generators industry.

This Insight Report provides a comprehensive analysis of the global Emergency Power Generators landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Emergency Power Generators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Emergency Power Generators market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Emergency Power Generators and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Emergency Power Generators.

The global Emergency Power Generators market size is projected to grow from US$ 3557.9 million in 2022 to US$ 5855.1 million in 2029; it is expected to grow at a CAGR of 5855.1 from 2023 to 2029.

Global key players of emergency power generators include Cummins, Generac Holdings, Caterpillar, Kohler, Multiquip., etc. Global top three manufacturers hold a share over 32%. North America is the largest producer of emergency power generators, holds a share over 28%, followed by Europe and China. In terms of product, diesel generator is the largest segment, with a share over 61%. And in terms of application, the largest application is residential, with a share over 44%, followed by commercial.

This report presents a comprehensive overview, market shares, and growth opportunities of Emergency Power Generators market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Diesel Generator
Gas Generator
Others

Segmentation by application
Residential
Commercial
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cummins
Generac Holdings
Caterpillar
Kohler
Multiquip.
Honda Motor
Atlas Copco
Eaton
Mitsubishi Heavy Industries
Yanmar
Briggs & Stratton
Wacker Neuson

Key Questions Addressed in this Report

What is the 10-year outlook for the global Emergency Power Generators market?

What factors are driving Emergency Power Generators market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Emergency Power Generators market opportunities vary by end market size?

How does Emergency Power Generators break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.