Silent Generator Market: Current Analysis and Forecast (2021-2027)

Silent Generator Market: Current Analysis and Forecast (2021-2027)

Silent generators cater to significant market demand over the past few years and are expected to have substantial growth in the forecasted period as well. It is mainly owing to the factors such as increasing power outages driving the need for power backup coupled with the uninterrupted and dependable power supply to meet emergency needs required for end-user industries is expected to accentuate the market size.

Furthermore, the surge in global development in the residential, commercial, and industrial sectors across regions is proliferating the demand for uninterrupted power and noise-free power backups which in turn is positively escalating the demand for silent generators. In addition, increasing implementation of distributed power production technologies results in a decentralized energy system in which silent generators assist in meeting local power demands or requirements via the network would also fuel the market size of silent generators.

Based on sound type, the silent generator market is classified into super silent and silent. The super silents cater to extensive market share in the silent generator market and are predicted to be the fastest-growing segment in the forecasted period. As super silent generators are very much helpful for residential and commercial purposes owing to their below 60 (dB) sound level.

Based on type, the silent generator market is bifurcated into portable and stationary. The stationary generator caters to significant market share in the silent generator market. Stationary generators fulfill urgent power requirements of the business and also be used as standby generators for power backup to essential equipment and services for a short period until utility power is restored.

Based on phase, the silent generator market is categorized into single-phase and three-phase. The three-phase segment caters to a substantial market share in the silent generator market. It is mainly the three-phase generators that have three-conductor wires, has large load capacity, and can be used for industrial purposes.

Based on power rating, the silent generator market is segmented into Upto 25kVA, 25kVA-49kVA, 50kVA-99kVA, 100kVA-499kVA, and Above 500kVA. The above 500KVA acquired an extensive market share in the silent generator market. The growing oil & gas industry and healthcare industries in various regions is expected to escalate the need for high power rating gensets for emergency power backups.

Based on fuel, the silent generator market is segmented into diesel, natural gas, and others. The diesel generator caters to extensive market share in the silent generator market. However, the natural gas generator is expected to grow in the near future as it is environment-friendly and cost-efficient as well.

Based on application, the silent generator market is classified into standby and peak, and prime mover. The standby generators segment caters to a considerable share of the silent generator market. It is mainly owing to the increased industrialization that has boosted growth opportunities for silent generators driven by the reliability of backup power solutions.

Based on end-user, the silent generator market is classified into residential, commercial, and industrial. The industrial segment caters to a significant share of the silent generator market. The industrial sector produces a high level of noise during its operations, silent generators can help to overcome this problem. Also, the increasing number of frequent blackouts and weather conditions across various regions is expected to boost the demand for residential silent generators.

For a better understanding of the market adoption of silent generators, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), Rest of the World. North America caters to a substantial share in the silent generator market over the past few years and is expected to have an influential growth rate in the forecasted period as well. It is mainly attributed to the favorable government policies to maintain energy security and mounting manufacturing capabilities are expected to fuel the market size of silent generators.

Some of the major players operating in the market are Cummins Inc., Eicher Engines, Koel Green, Jakson & Co., Honda Siel Power Products Ltd, Silengen, Ashok Leyland, Tractors and Farm Equipment Limited, Bhaskar Power Projects (P) LTD., China Artex Group. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.