
Generator Sales Market by Fuel Type (Diesel, Gas, LPG, biofuels), Power Rating (Up to 50 kW, 51–280 kW, 281-500 kW, 501-2000 kW, 2001-3500 kW, Above 3500 kW), Application, End-User Industry, Design, Sales Channel Region - Global Forecast to 2030
- June 27, 2023
- MarketsandMarkets
- 339
Generator Sales Market by Fuel Type (Diesel, Gas, LPG, biofuels), Power Rating (Up to 50 kW, 51–280 kW, 281-500 kW, 501-2000 kW, 2001-3500 kW, Above 3500 kW), Application, End-User Industry, Design, Sales Channel Region - Global Forecast to 2030
Abstract
The global generator sales market is estimated to grow from USD 23.1 Billion in 2023 to USD 34.5 Billion by 2030; it is expected to record a CAGR of 5.9% during the forecast period. The growing demand for uninterrupted and reliable power supply worldwide is driving the growth for the market.
“Standby: The largest segment of the generator sales market, by application“
Based on application, the Generator sales market has been split into three types standby, peak shaving, and prime & continuous. There is a high demand for Standby power generators across various industries as there is a need for emergency power for a limited time during blackouts and brownouts. Commercial buildings, such as hospitals, data centers, telecom infrastructure, office buildings, and others, require emergency power. Demand for standby generators is surging amid an increase in extreme weather events and associated power outages.
“Industrial segment is the largest segment based on end-use industry”
By end- use industry, the Generator sales market has been segmented into industrial, commercial, and residential. Industrial includes various sectors, including utilities/power generation, oil & gas, chemicals & petrochemicals, metals & mining, manufacturing, marine, construction, and other industries such as agriculture, transportation, and aerospace & defense. Industrial generators play a crucial role in maintaining a consistent power supply, particularly in situations where the grid system is unreliable, ensuring efficient performance of equipment.
Generators are used for essential functions such as pumps, fans, hydraulic units, battery chargers, and other critical functions in power plants when power from the main grid is lost. The transition from coal-fired power plants to gas-fired power plants is growing to reduce greenhouse gas emissions. Natural gas is projected to replace coal as the second most used fuel, driving up demand for gas generator sets due to its low cost and increasing demand..
Asia Pacific is expected to be the second fastest-growing region in the generator sales market
Asia Pacific is expected to be the second fastest-growing Generator sales market during the forecast period The generator sales market in the Asia Pacific region is expected to experience robust growth, driven by the rapid pace of industrialization, widespread adoption of energy storage technologies, and substantial investments in upgrading the existing transmission and distribution (T&D) infrastructure. These factors are set to create favorable conditions for the expansion of the generator sales market, supporting increased demand and market opportunities.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note:Others include product engineers, product specialists, and engineering leads.
Note:The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Generator sales market is dominated by a few major players that have a wide regional presence. The leading players in the generator sales market are Caterpillar Inc. (US), Cummins Inc. (US), Rolls-Royce Holdings plc (UK), Generac Holdings Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan).
Research Coverage:
The report defines, describes, and forecasts the global Generator salesmarket, by component, power source, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Generator sales market.
Key Benefits of Buying the Report
•The growing demand for uninterrupted and reliable power supply across various sectors. Some of the main factors driving the Generator sales market likeRapid industrialization. Factors such as high operational costs associated with diesel generators, primarily caused by the escalating fuel prices still restrain the market. Several industries are recognizing the potential benefits of fuel cell generators for backup power, creating opportunities in the generator sales market to grow. Governments imposing stricter emission standards for generators is the major challenge faced by countries under Generator sales development.
•Product Development/ Innovation: New technologies are emerging in various applications related to generator sales. These advancements are revolutionizing the design, construction, and utilization of generators, offering numerous benefits, and expanding their range of applications. Digitalization and IoT integration have revolutionized the generator industry, offering enhanced monitoring, safety control, and management capabilities. Cummins' recent unveiling of its Hybrid PowerDrive system for generators in 2022 is a noteworthy example of this innovation. Hybrid power drive system integrates a traditional generator with energy storage technology, creating a hybrid solution that combines the benefits of both power sources.
•Market Development: Generator sales has been experiencing significant growth worldwide. This expansion is driven by various factors such as industrialization, urbanization, and the growing need for uninterrupted and reliable power supply. Generators play a vital role in the various industry, providing power backup and continuous power supply. The Asia Pacific region is anticipated to witness rapid growth in the generator sales market With rapid industrialization, widespread adoption of energy storage technologies, and substantial investments in upgrading transmission and distribution (T&D) infrastructure. These factors create a favorable business environment, driving demand and offering lucrative market opportunities in the region.
•Market Diversification: Caterpillar Inc. launched the Cat® XQ330 mobile diesel generator set, a new power solution for standby and prime power applications that meets U.S. EPA Tier 4 Final emission standards.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Caterpillar Inc. (US), Cummins Inc. (US), Rolls-Royce Holdings plc (UK), Generac Holdings Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan) among others in the Generator sales market
Content
Table of Contents
1INTRODUCTION38
1.1STUDY OBJECTIVES38
1.2MARKET DEFINITION AND SCOPE38
1.3INCLUSIONS AND EXCLUSIONS39
1.3.1GENERATOR SALES MARKET, BY FUEL TYPE39
1.3.2GENERATOR SALES MARKET, BY POWER RATING39
1.3.3GENERATOR SALES MARKET, BY SALES CHANNEL40
1.3.4GENERATOR SALES MARKET, BY DESIGN40
1.3.5GENERATOR SALES MARKET, BY END USER40
1.4MARKET SCOPE41
1.4.1MARKET SEGMENTATION41
1.4.2YEARS CONSIDERED42
1.4.3REGIONAL SCOPE42
1.5CURRENCY CONSIDERED43
1.6UNITS CONSIDERED43
1.7LIMITATIONS43
1.8STAKEHOLDERS44
1.9SUMMARY OF CHANGES44
1.10RECESSION IMPACT45
2RESEARCH METHODOLOGY46
2.1RESEARCH DATA46
FIGURE 1GENERATOR SALES MARKET: RESEARCH DESIGN46
2.2MARKET BREAKDOWN AND DATA TRIANGULATION47
FIGURE 2DATA TRIANGULATION METHODOLOGY47
2.2.1SECONDARY DATA47
2.2.1.1Key data from secondary sources48
2.2.2PRIMARY DATA48
2.2.2.1Key data from primary sources49
2.2.2.2Breakdown of primaries49
2.2.2.3Breakdown of primary interviews50
2.3MARKET SCOPE50
FIGURE 3MAIN METRICS CONSIDERED WHILE ANALYZING TRENDS AND ASSESSING DEMAND FOR GENERATORS51
2.4MARKET SIZE ESTIMATION52
2.4.1BOTTOM-UP APPROACH52
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH52
2.4.2TOP-DOWN APPROACH53
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH53
2.4.3DEMAND-SIDE ANALYSIS54
2.4.3.1Regional analysis54
2.4.3.2Country-level analysis55
2.4.3.3Demand-side assumptions55
2.4.3.4Demand-side calculations55
2.4.4SUPPLY-SIDE ANALYSIS56
FIGURE 6KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GENERATOR SALES56
FIGURE 7GENERATOR SALES MARKET: SUPPLY-SIDE ANALYSIS56
2.4.4.1Supply-side assumptions57
2.4.4.2Supply-side calculations57
FIGURE 8COMPANY REVENUE ANALYSIS, 202257
2.4.5FORECAST ASSUMPTIONS57
2.5RISK ASSESSMENT58
2.6RECESSION IMPACT58
3EXECUTIVE SUMMARY59
TABLE 1GENERATOR SALES MARKET SNAPSHOT59
FIGURE 9ASIA PACIFIC DOMINATED GENERATOR SALES MARKET IN 202261
FIGURE 10DIESEL FUEL TYPE TO HOLD LARGEST SHARE OF GENERATOR SALES MARKET DURING FORECAST PERIOD61
FIGURE 11ABOVE 3500 KW SEGMENT TO EXHIBIT HIGHEST CAGR IN GENERATOR SALES MARKET DURING FORECAST PERIOD62
FIGURE 12UP TO 10 KW SEGMENT TO HOLD LARGEST SIZE OF UP TO 50 KW GENERATOR SALES MARKET FROM 2023 TO 203062
FIGURE 13STANDBY SEGMENT TO LEAD GENERATOR SALES MARKET DURING FORECAST PERIOD63
FIGURE 14INDUSTRIAL SEGMENT TO CAPTURE LARGEST SHARE OF GENERATOR SALES MARKET IN 203063
FIGURE 15INDIRECT SALES CHANNELS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE FROM 2023 TO 203064
FIGURE 16STATIONARY SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD64
4PREMIUM INSIGHTS65
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GENERATOR SALES MARKET65
FIGURE 17INCREASING DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY TO DRIVE GROWTH OF GENERATOR SALES MARKET65
4.2GENERATOR SALES MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY66
FIGURE 18INDUSTRIAL SECTOR AND CHINA WERE LARGEST SHAREHOLDERS IN GENERATOR SALES MARKET IN ASIA PACIFIC IN 202266
4.3GENERATOR SALES MARKET, BY FUEL TYPE66
FIGURE 19DIESEL-POWERED GENERATORS TO DOMINATE GENERATOR SALES MARKET IN 203066
4.4GENERATOR SALES MARKET, BY APPLICATION67
FIGURE 20PRIME & CONTINUOUS APPLICATIONS TO DOMINATE GENERATOR SALES MARKET IN 203067
4.5GENERATOR SALES MARKET, BY POWER RATING67
FIGURE 21UP TO 50 KW SEGMENT TO DOMINATE GENERATOR SALES MARKET IN 203067
4.6GENERATOR SALES MARKET, BY SALES CHANNEL68
FIGURE 22INDIRECT SALES CHANNELS TO DOMINATE GENERATOR SALES MARKET IN 203068
4.7GENERATOR SALES MARKET, BY DESIGN68
FIGURE 23STATIONARY SEGMENT TO LEAD GENERATOR SALES MARKET IN 203068
4.8GENERATOR SALES MARKET, BY END USER68
FIGURE 24INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 203068
5MARKET OVERVIEW69
5.1INTRODUCTION69
5.2MARKET DYNAMICS70
FIGURE 25GENERATOR SALES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES70
5.2.1DRIVERS70
5.2.1.1Increasing demand for uninterrupted and reliable power supply70
FIGURE 26ATLANTIC HURRICANE SEASON OUTLOOK, 202271
5.2.1.2Rapid industrialization worldwide71
TABLE 2GREENFIELD PROJECTS, BY SECTOR AND SELECTED INDUSTRIES, 2020–202172
5.2.1.3Growing popularity of fuel cell generators72
5.2.2RESTRAINTS73
5.2.2.1High operational costs associated with diesel generators73
FIGURE 27AVERAGE WEEKLY DIESEL RETAIL PRICE IN US, 2016–202273
5.2.2.2High capital expenditure associated with hydrogen energy storage74
5.2.2.3Rise in investments in upgrading T&D infrastructure worldwide74
TABLE 3T&D INFRASTRUCTURE EXPANSION PLANS75
5.2.3OPPORTUNITIES75
5.2.3.1Rising adoption of fuel cell generators across several industries for backup power75
TABLE 4TYPES OF FUEL CELL TECHNOLOGIES76
5.2.3.2Increasing deployment of hybrid, bi-fuel, and inverter generators77
5.2.3.3Government initiatives supporting development of hydrogen economy78
5.2.4CHALLENGES78
5.2.4.1Stringent government regulations pertaining to conventional fuel generators78
5.2.4.2Longer start-up times of solid oxide fuel cells79
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS79
5.3.1REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN GENERATOR SALES MARKET79
FIGURE 28REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN GENERATOR SALES MARKET80
5.4ECOSYSTEM MAPPING80
FIGURE 29GENERATOR SALES MARKET: ECOSYSTEM81
TABLE 5GENERATOR SALES MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM81
5.5VALUE CHAIN ANALYSIS83
FIGURE 30GENERATOR SALES MARKET: VALUE CHAIN ANALYSIS83
5.5.1RAW MATERIAL PROVIDERS/SUPPLIERS84
5.5.2COMPONENT MANUFACTURERS84
5.5.3GENERATOR MANUFACTURERS/ASSEMBLERS85
5.5.4DISTRIBUTORS/END USERS85
5.5.5POST-SALES SERVICE PROVIDERS85
5.6AVERAGE SELLING PRICE TREND86
FIGURE 31GLOBAL AVERAGE SELLING PRICE OF GENERATORS, 202286
TABLE 6AVERAGE SELLING PRICE OF GENERATORS, BY POWER RATING87
TABLE 7PRICING ANALYSIS, BY REGION87
FIGURE 32PRICING ANALYSIS, BY REGION87
5.7TECHNOLOGY ANALYSIS88
5.7.1DIGITALIZATION AND IOT INTEGRATION IN GENERATORS88
5.7.2HYBRID GENERATOR SYSTEMS88
5.7.3POWER MANAGEMENT SYSTEMS89
5.8TRADE DATA89
TABLE 8GLOBAL IMPORTS DATA FOR GENERATORS, 2020–2022 (USD MILLION)90
TABLE 9GLOBAL EXPORTS DATA FOR GENERATORS, 2020–2022 (USD MILLION)90
5.9TARIFF AND REGULATORY LANDSCAPE90
5.9.1TARIFFS APPLICABLE TO GENERATORS91
TABLE 10IMPORT TARIFFS FOR HS 850161 AC GENERATORS OF OUTPUT <75 KVA91
TABLE 11IMPORT TARIFFS FOR HS 850162 AC GENERATORS OF OUTPUT 75–375 KVA92
TABLE 12IMPORT TARIFFS FOR HS 850163 AC GENERATORS OF OUTPUT 375–750 KVA93
TABLE 13IMPORT TARIFFS FOR HS 850164 AC GENERATORS OF OUTPUT >750 KVA95
5.9.2REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS96
TABLE 14NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS96
TABLE 15EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS97
TABLE 16ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
TABLE 17REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
TABLE 18GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS99
5.9.3CODES AND REGULATIONS RELATED TO GENERATOR SETS99
TABLE 19GENERATOR SALES MARKET: CODES AND REGULATIONS99
5.10PORTER’S FIVE FORCES ANALYSIS103
FIGURE 33GENERATOR SALES MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022103
TABLE 20GENERATOR SALES MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022104
5.10.1THREAT OF NEW ENTRANTS104
5.10.2BARGAINING POWER OF SUPPLIERS104
5.10.3BARGAINING POWER OF BUYERS105
5.10.4THREAT OF SUBSTITUTES105
5.10.5INTENSITY OF COMPETITIVE RIVALRY105
5.11INNOVATIONS AND PATENT REGISTRATIONS106
TABLE 21GENERATORS: INNOVATIONS AND PATENT REGISTRATIONS, 2018–2022106
5.12CASE STUDY ANALYSIS111
5.12.1GENESAL ENERGY OFFERED SILENT AND ANTI-HURRICANE GENERATOR SETS TO HOSPITAL IN TRINIDAD AND TOBAGO111
5.12.2GENERAC INDUSTRIAL POWER PROVIDED COMPREHENSIVE BACKUP POWER SOLUTION TO ENTERGY112
5.12.3CUMMINS PROVIDED URGENT STANDBY POWER TO SEVEN-UP PLANT IN NIGERIA112
5.12.4JS POWER PROVIDED REMOTE MONITORING SOLUTION WITH REAL-TIME FUEL-LEVEL MONITORING FEATURE TO IT FACILITY113
5.12.5CK POWER OFFERED CUSTOM GENERATOR SOLUTION TO PHENIX TECHNOLOGIES113
5.13KEY CONFERENCES AND EVENTS, 2023–2024114
TABLE 22GENERATOR SALES MARKET: LIST OF CONFERENCES AND EVENTS114
5.14KEY STAKEHOLDERS AND BUYING CRITERIA115
5.14.1KEY STAKEHOLDERS IN BUYING PROCESS115
FIGURE 34INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER115
TABLE 23INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER116
5.14.2BUYING CRITERIA116
FIGURE 35KEY BUYING CRITERIA FOR END USERS116
TABLE 24KEY BUYING CRITERIA, BY END USER116
6GENERATOR SALES MARKET, BY FUEL TYPE117
6.1INTRODUCTION118
FIGURE 36GENERATOR SALES MARKET, BY FUEL TYPE, 2022118
TABLE 25GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)119
6.2DIESEL119
6.2.1EASY AVAILABILITY OF DIESEL AND LONG LIFE OF DIESEL GENERATORS TO DRIVE MARKET119
TABLE 26DIESEL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)120
6.3GAS120
6.3.1EXPANDING GAS DISTRIBUTION NETWORK TO PROPEL MARKET GROWTH120
TABLE 27GAS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)121
6.4LPG121
6.4.1AFFORDABILITY OF LPG TO DRIVE MARKET121
TABLE 28LPG: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)122
6.5BIOFUELS122
6.5.1DEMAND FOR SUSTAINABLE AND LOW-CARBON FUELS TO FOSTER MARKET GROWTH122
TABLE 29BIOFUELS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)123
6.6COAL GAS123
6.6.1RELIABLE AND EASY ACCESSIBILITY OF FUELS TO PROPEL MARKET GROWTH123
TABLE 30COAL GAS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)124
6.7GASOLINE124
6.7.1SUITABILITY FOR PORTABLE APPLICATIONS TO PROPEL MARKET GROWTH124
TABLE 31GASOLINE: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)125
6.8PRODUCER GAS125
6.8.1COST-EFFECTIVENESS OF FEEDSTOCKS TO BOOST MARKET GROWTH125
TABLE 32PRODUCER GAS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)126
6.9FUEL CELLS126
6.9.1INCREASING FOCUS ON ACHIEVING SUSTAINABILITY TARGETS TO DECARBONIZE BUSINESSES TO DRIVE MARKET126
TABLE 33FUEL CELLS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)127
7GENERATOR SALES MARKET, BY POWER RATING128
7.1INTRODUCTION129
FIGURE 37GENERATOR SALES MARKET, BY POWER RATING, 2022129
TABLE 34GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)129
7.2UP TO 50 KW130
7.2.1GROWING DEMAND FROM SMALL COMMERCIAL END USERS AND HOMEOWNERS TO DRIVE MARKET130
FIGURE 38GENERATOR SALES MARKET, BY UP TO 50 KW POWER RATING, 2022130
TABLE 35UP TO 50 KW: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)130
TABLE 36UP TO 50 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)131
7.3UP TO 10 KW131
7.3.1AVAILABILITY OF WIDE VARIETY OF GENERATOR OPTIONS AND SERVICES TO SUPPORT MARKET GROWTH131
7.411–20 KW131
7.4.1DEPLOYMENT IN SMALL-SCALE COMMERCIAL AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET131
7.521–30 KW132
7.5.1HIGH REQUIREMENT FOR RELIABLE AND EFFICIENT ENERGY BACKUP SOLUTIONS TO DRIVE SEGMENTAL GROWTH132
7.631–40 KW132
7.6.1REQUIREMENT FOR SEAMLESS BUSINESS CONTINUITY AND CRITICAL INFRASTRUCTURE SUPPORT ACROSS INDUSTRIES TO DRIVE MARKET132
7.741–50 KW133
7.7.1DEMAND FOR POWER BACKUP SYSTEMS FROM RESIDENTIAL AND COMMERCIAL END USERS TO CONTRIBUTE TO MARKET GROWTH133
7.851–280 KW133
7.8.1INCREASING USE OF GENERATORS AT REMOTE CONSTRUCTION SITES AND INFRASTRUCTURE DEVELOPMENT PROJECTS TO DRIVE MARKET133
TABLE 3751–280 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)133
7.9281–500 KW134
7.9.1HIGH DEMAND FROM OIL & GAS AND MINING INDUSTRIES TO FUEL MARKET GROWTH134
TABLE 38281–500 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)134
7.10501–2,000 KW135
7.10.1RISING DEPLOYMENT IN CHEMICAL, PETROCHEMICAL, AND COMMERCIAL SECTORS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS135
TABLE 39501–2,000 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)135
7.112,001–3,500 KW136
7.11.1INCREASED REQUIREMENTS FROM POWER GENERATION SECTOR TO ENHANCE SEGMENTAL GROWTH136
TABLE 402,001–3,500 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)136
7.12ABOVE 3,500 KW137
7.12.1GROWING DEMAND FOR UNINTERRUPTED POWER SUPPLY IN MARINE SECTOR TO DRIVE MARKET137
TABLE 41ABOVE 3,500 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)137
8GENERATOR SALES MARKET, BY SALES CHANNEL138
8.1INTRODUCTION139
FIGURE 39GENERATOR SALES MARKET, BY SALES CHANNEL, 2022139
TABLE 42GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)139
8.2DIRECT139
8.2.1STRONG FOCUS OF CUSTOMERS ON COST SAVING TO FUEL SEGMENTAL GROWTH139
TABLE 43DIRECT: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)140
8.3INDIRECT140
8.3.1EFFECTIVE LOGISTICS MANAGEMENT TO SUPPORT SEGMENTAL GROWTH140
TABLE 44INDIRECT: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)140
9GENERATOR SALES MARKET, BY DESIGN141
9.1INTRODUCTION142
FIGURE 40GENERATOR SALES MARKET, BY DESIGN, 2022142
TABLE 45GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)142
9.2STATIONARY142
9.2.1GROWING ADOPTION OF GENERATORS AS BACKUP POWER SOLUTIONS FOR UNINTERRUPTED OPERATIONS TO DRIVE MARKET142
TABLE 46STATIONARY: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)143
9.3PORTABLE143
9.3.1COMPACTNESS AND PORTABILITY FEATURES TO BOOST SEGMENTAL GROWTH143
TABLE 47PORTABLE: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)143
10GENERATOR SALES MARKET, BY APPLICATION144
10.1INTRODUCTION145
FIGURE 41GENERATOR SALES MARKET, BY APPLICATION, 2022145
TABLE 48GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)145
10.2STANDBY146
10.2.1INCREASING FREQUENCY OF POWER OUTAGES TO DRIVE DEMAND146
TABLE 49STANDBY: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)147
10.3PRIME & CONTINUOUS147
10.3.1GROWING NUMBER OF OFF-GRID CONSTRUCTION, MINING, AND MILITARY OPERATIONS TO PROPEL DEMAND147
TABLE 50PRIME & CONTINUOUS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)148
10.4PEAK SHAVING148
10.4.1HIGH UTILITY COSTS DURING SUMMER AND WINTER SEASONS TO FUEL DEMAND148
TABLE 51PEAK SHAVING: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)148
11GENERATOR SALES MARKET, BY END USER149
11.1INTRODUCTION150
FIGURE 42GENERATOR SALES MARKET, BY END USER, 2022150
TABLE 52GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)150
11.2INDUSTRIAL151
11.2.1NEED TO MAINTAIN CONSISTENT POWER SUPPLY TO FUEL MARKET GROWTH151
FIGURE 43GENERATOR SALES MARKET, BY INDUSTRIAL END USER, 2022151
TABLE 53GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)152
TABLE 54INDUSTRIAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)152
11.2.2UTILITIES/POWER GENERATION153
11.2.2.1Increasing adoption of generators for standby power and peak demand management in remote areas to fuel market growth153
TABLE 55UTILITIES/POWER GENERATION: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)153
11.2.3OIL & GAS154
11.2.3.1Accelerated installation of modern drilling machines to drive market154
TABLE 56OIL & GAS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)154
11.2.4CHEMICAL & PETROCHEMICAL155
11.2.4.1Growing focus of companies on improving operational efficiency through constant and reliable power supply to boost demand for generator sets155
TABLE 57CHEMICAL & PETROCHEMICAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)155
11.2.5MINING & METAL156
11.2.5.1Rising use of portable and reliable energy backup systems in mining operations to drive market156
TABLE 58MINING & METAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)156
11.2.6MANUFACTURING156
11.2.6.1Need to reduce production losses to fuel demand156
TABLE 59MANUFACTURING: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)157
11.2.7MARINE157
11.2.7.1Accelerating demand for marine generators to drive market157
TABLE 60MARINE: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)157
11.2.8CONSTRUCTION158
11.2.8.1High demand from remote construction sites to propel market growth158
TABLE 61CONSTRUCTION: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)158
11.2.9OTHERS159
TABLE 62OTHERS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)159
11.3COMMERCIAL160
11.3.1NEED FOR UNINTERRUPTED PLANT OPERATION TO DRIVE MARKET160
FIGURE 44GENERATOR SALES MARKET, BY COMMERCIAL END USER, 2022160
TABLE 63GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)161
TABLE 64COMMERCIAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)161
11.3.2HEALTHCARE161
11.3.2.1Increasing focus on sustainable healthcare management to support market growth161
TABLE 65HEALTHCARE: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)162
11.3.3IT & TELECOM162
11.3.3.1Business continuity requirements to drive generator demand162
TABLE 66IT & TELECOM: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)163
11.3.4DATA CENTERS163
11.3.4.1Higher demand for uptime and operational efficiency to drive market163
TABLE 67DATA CENTERS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)164
11.3.5OTHERS164
TABLE 68OTHERS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)164
11.4RESIDENTIAL165
11.4.1RISING NEED FOR POWER BACKUP IN EXTREME WEATHER CONDITIONS TO DRIVE DEMAND165
TABLE 69RESIDENTIAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)165
12GENERATOR SALES MARKET, BY REGION166
12.1INTRODUCTION167
FIGURE 45GENERATOR SALES MARKET IN NORTH AMERICA TO GROW AT FASTEST RATE DURING FORECAST PERIOD167
FIGURE 46GENERATOR SALES MARKET, BY REGION, 2022168
TABLE 70GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)168
TABLE 71GENERATOR SALES MARKET, BY REGION, 2021–2030 (THOUSAND UNITS)168
TABLE 72FUEL CELLS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (MW)169
12.2ASIA PACIFIC169
12.2.1IMPACT OF RECESSION ON GENERATOR SALES MARKET IN ASIA PACIFIC169
FIGURE 47ASIA PACIFIC: GENERATOR SALES MARKET SNAPSHOT170
12.2.2BY FUEL TYPE171
TABLE 73ASIA PACIFIC: GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)171
12.2.3BY POWER RATING171
TABLE 74ASIA PACIFIC: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)171
TABLE 75UP TO 50 KW: GENERATOR SALES MARKET IN ASIA PACIFIC, BY POWER RATING, 2021–2030 (USD MILLION)172
12.2.4BY APPLICATION172
TABLE 76ASIA PACIFIC: GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)172
12.2.5BY END USER172
TABLE 77ASIA PACIFIC: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)172
TABLE 78ASIA PACIFIC: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)173
TABLE 79ASIA PACIFIC: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)173
12.2.6BY SALES CHANNEL173
TABLE 80ASIA PACIFIC: GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)173
12.2.7BY DESIGN174
TABLE 81ASIA PACIFIC: GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)174
12.2.8BY COUNTRY174
TABLE 82ASIA PACIFIC: GENERATOR SALES MARKET, BY COUNTRY, 2021–2030 (USD MILLION)174
12.2.8.1China174
12.2.8.1.1Rising energy demand coupled with increased urbanization and industrialization to promote market growth174
TABLE 83CHINA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)175
TABLE 84CHINA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)175
TABLE 85CHINA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)176
12.2.8.2India176
12.2.8.2.1Increased need for reliable electricity and rapid economic growth to drive market176
TABLE 86INDIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)177
TABLE 87INDIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)177
TABLE 88INDIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)177
12.2.8.3Japan178
12.2.8.3.1Growing natural gas infrastructure to boost market growth178
TABLE 89JAPAN: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)178
TABLE 90JAPAN: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)179
TABLE 91JAPAN: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)179
12.2.8.4Australia179
12.2.8.4.1Developing construction and mining activities to accelerate market growth179
TABLE 92AUSTRALIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)180
TABLE 93AUSTRALIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)180
TABLE 94AUSTRALIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)181
12.2.8.5South Korea181
12.2.8.5.1Growing investments in manufacturing and marine industries to drive market181
TABLE 95SOUTH KOREA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)181
TABLE 96SOUTH KOREA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)182
TABLE 97SOUTH KOREA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)182
12.2.8.6New Zealand182
12.2.8.6.1Need to achieve net-zero goals to accelerate market growth182
TABLE 98NEW ZEALAND: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)183
TABLE 99NEW ZEALAND: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)183
TABLE 100NEW ZEALAND: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)184
12.2.8.7Rest of Asia Pacific184
TABLE 101REST OF ASIA PACIFIC: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)184
TABLE 102REST OF ASIA PACIFIC: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)185
TABLE 103REST OF ASIA PACIFIC: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)185
12.3NORTH AMERICA186
12.3.1IMPACT OF RECESSION ON GENERATOR SALES MARKET IN NORTH AMERICA186
FIGURE 48NORTH AMERICA: GENERATOR SALES MARKET SNAPSHOT187
12.3.2BY FUEL TYPE188
TABLE 104NORTH AMERICA: GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)188
12.3.3BY POWER RATING188
TABLE 105NORTH AMERICA: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)188
TABLE 106UP TO 50 KW: GENERATOR SALES MARKET IN NORTH AMERICA, BY POWER RATING, 2021–2030 (USD MILLION)189
12.3.4BY APPLICATION189
TABLE 107NORTH AMERICA: GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)189
12.3.5BY END USER189
TABLE 108NORTH AMERICA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)189
TABLE 109NORTH AMERICA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)190
TABLE 110NORTH AMERICA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)190
12.3.6BY SALES CHANNEL190
TABLE 111NORTH AMERICA: GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)190
12.3.7BY DESIGN191
TABLE 112NORTH AMERICA: GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)191
12.3.8BY COUNTRY191
TABLE 113NORTH AMERICA: GENERATOR SALES MARKET, BY COUNTRY, 2021–2030 (USD MILLION)191
12.3.8.1US191
12.3.8.1.1Increased investments in fuel cells to drive market191
TABLE 114US: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)192
TABLE 115US: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)192
TABLE 116US: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)192
12.3.8.2Canada193
12.3.8.2.1Rising energy demand in industries to propel market growth193
TABLE 117CANADA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)193
TABLE 118CANADA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)194
TABLE 119CANADA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)194
12.3.8.3Mexico194
12.3.8.3.1Higher energy requirements in manufacturing, oil & gas, and mining sectors to boost demand194
TABLE 120MEXICO: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)195
TABLE 121MEXICO: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)195
TABLE 122MEXICO: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)195
12.4EUROPE196
12.4.1IMPACT OF RECESSION ON GENERATOR SALES MARKET IN EUROPE196
12.4.2BY FUEL TYPE197
TABLE 123EUROPE: GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)197
12.4.3BY POWER RATING197
TABLE 124EUROPE: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)197
TABLE 125UP TO 50 KW: GENERATOR SALES MARKET IN EUROPE, BY POWER RATING, 2021–2030 (USD MILLION)197
12.4.4BY APPLICATION198
TABLE 126EUROPE: GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)198
12.4.5BY END USER198
TABLE 127EUROPE: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)198
TABLE 128EUROPE: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)198
TABLE 129EUROPE: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)199
12.4.6BY SALES CHANNEL199
TABLE 130EUROPE: GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)199
12.4.7BY DESIGN199
TABLE 131EUROPE: GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)199
12.4.8BY COUNTRY200
TABLE 132EUROPE: GENERATOR SALES MARKET, BY COUNTRY, 2021–2030 (USD MILLION)200
12.4.8.1Germany200
12.4.8.1.1Increased demand for reliable backup power in industrial sector to boost market growth200
TABLE 133GERMANY: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)201
TABLE 134GERMANY: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)201
TABLE 135GERMANY: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)201
12.4.8.2Russia202
12.4.8.2.1Surging investments in oil & gas and marine sectors to accelerate market growth202
TABLE 136RUSSIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)202
TABLE 137RUSSIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)203
TABLE 138RUSSIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)203
12.4.8.3France203
12.4.8.3.1High demand for generators in manufacturing sector to drive market203
TABLE 139FRANCE: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)204
TABLE 140FRANCE: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)204
TABLE 141FRANCE: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)205
12.4.8.4UK205
12.4.8.4.1Rising demand for data centers in UK to drive market growth205
TABLE 142UK: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)205
TABLE 143UK: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)206
TABLE 144UK: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)206
12.4.8.5Rest of Europe206
TABLE 145REST OF EUROPE: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)207
TABLE 146REST OF EUROPE: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)207
TABLE 147REST OF EUROPE: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)207
12.5MIDDLE EAST & AFRICA208
12.5.1IMPACT OF RECESSION ON GENERATOR SALES MARKET IN MIDDLE EAST & AFRICA208
12.5.2BY FUEL TYPE209
TABLE 148MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)209
12.5.3BY POWER RATING209
TABLE 149MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)209
TABLE 150UP TO 50 KW: GENERATOR SALES MARKET IN MIDDLE EAST & AFRICA, BY POWER RATING, 2021–2030 (USD MILLION)210
12.5.4BY APPLICATION210
TABLE 151MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)210
12.5.5BY END USER210
TABLE 152MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)210
TABLE 153MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)211
TABLE 154MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)211
12.5.6BY SALES CHANNEL211
TABLE 155MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)211
12.5.7BY DESIGN212
TABLE 156MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)212
12.5.8BY COUNTRY212
TABLE 157MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY COUNTRY, 2021–2030 (USD MILLION)212
12.5.8.1Saudi Arabia213
12.5.8.1.1Rising investments in infrastructure development and oil & gas industry to drive demand213
TABLE 158SAUDI ARABIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)213
TABLE 159SAUDI ARABIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)214
TABLE 160SAUDI ARABIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)214
12.5.8.2UAE214
12.5.8.2.1High influx of foreign direct investments to fuel demand214
TABLE 161UAE: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)215
TABLE 162UAE: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)215
TABLE 163UAE: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)216
12.5.8.3South Africa216
12.5.8.3.1High adoption of generators due to blackouts and power outages to drive market216
TABLE 164SOUTH AFRICA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)217
TABLE 165SOUTH AFRICA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)217
TABLE 166SOUTH AFRICA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)217
12.5.8.4Nigeria218
12.5.8.4.1Rising demand for generators for uninterrupted power supply to boost market218
TABLE 167NIGERIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)218
TABLE 168NIGERIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)219
TABLE 169NIGERIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)219
12.5.8.5Algeria219
12.5.8.5.1Rising investments in oil & gas sector to boost market growth219
TABLE 170ALGERIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)220
TABLE 171ALGERIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)220
TABLE 172ALGERIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)220
12.5.8.6Rest of Middle East & Africa221
TABLE 173REST OF MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)221
TABLE 174REST OF MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)221
TABLE 175REST OF MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)222
“Standby: The largest segment of the generator sales market, by application“
Based on application, the Generator sales market has been split into three types standby, peak shaving, and prime & continuous. There is a high demand for Standby power generators across various industries as there is a need for emergency power for a limited time during blackouts and brownouts. Commercial buildings, such as hospitals, data centers, telecom infrastructure, office buildings, and others, require emergency power. Demand for standby generators is surging amid an increase in extreme weather events and associated power outages.
“Industrial segment is the largest segment based on end-use industry”
By end- use industry, the Generator sales market has been segmented into industrial, commercial, and residential. Industrial includes various sectors, including utilities/power generation, oil & gas, chemicals & petrochemicals, metals & mining, manufacturing, marine, construction, and other industries such as agriculture, transportation, and aerospace & defense. Industrial generators play a crucial role in maintaining a consistent power supply, particularly in situations where the grid system is unreliable, ensuring efficient performance of equipment.
Generators are used for essential functions such as pumps, fans, hydraulic units, battery chargers, and other critical functions in power plants when power from the main grid is lost. The transition from coal-fired power plants to gas-fired power plants is growing to reduce greenhouse gas emissions. Natural gas is projected to replace coal as the second most used fuel, driving up demand for gas generator sets due to its low cost and increasing demand..
Asia Pacific is expected to be the second fastest-growing region in the generator sales market
Asia Pacific is expected to be the second fastest-growing Generator sales market during the forecast period The generator sales market in the Asia Pacific region is expected to experience robust growth, driven by the rapid pace of industrialization, widespread adoption of energy storage technologies, and substantial investments in upgrading the existing transmission and distribution (T&D) infrastructure. These factors are set to create favorable conditions for the expansion of the generator sales market, supporting increased demand and market opportunities.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note:Others include product engineers, product specialists, and engineering leads.
Note:The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Generator sales market is dominated by a few major players that have a wide regional presence. The leading players in the generator sales market are Caterpillar Inc. (US), Cummins Inc. (US), Rolls-Royce Holdings plc (UK), Generac Holdings Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan).
Research Coverage:
The report defines, describes, and forecasts the global Generator salesmarket, by component, power source, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Generator sales market.
Key Benefits of Buying the Report
•The growing demand for uninterrupted and reliable power supply across various sectors. Some of the main factors driving the Generator sales market likeRapid industrialization. Factors such as high operational costs associated with diesel generators, primarily caused by the escalating fuel prices still restrain the market. Several industries are recognizing the potential benefits of fuel cell generators for backup power, creating opportunities in the generator sales market to grow. Governments imposing stricter emission standards for generators is the major challenge faced by countries under Generator sales development.
•Product Development/ Innovation: New technologies are emerging in various applications related to generator sales. These advancements are revolutionizing the design, construction, and utilization of generators, offering numerous benefits, and expanding their range of applications. Digitalization and IoT integration have revolutionized the generator industry, offering enhanced monitoring, safety control, and management capabilities. Cummins' recent unveiling of its Hybrid PowerDrive system for generators in 2022 is a noteworthy example of this innovation. Hybrid power drive system integrates a traditional generator with energy storage technology, creating a hybrid solution that combines the benefits of both power sources.
•Market Development: Generator sales has been experiencing significant growth worldwide. This expansion is driven by various factors such as industrialization, urbanization, and the growing need for uninterrupted and reliable power supply. Generators play a vital role in the various industry, providing power backup and continuous power supply. The Asia Pacific region is anticipated to witness rapid growth in the generator sales market With rapid industrialization, widespread adoption of energy storage technologies, and substantial investments in upgrading transmission and distribution (T&D) infrastructure. These factors create a favorable business environment, driving demand and offering lucrative market opportunities in the region.
•Market Diversification: Caterpillar Inc. launched the Cat® XQ330 mobile diesel generator set, a new power solution for standby and prime power applications that meets U.S. EPA Tier 4 Final emission standards.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Caterpillar Inc. (US), Cummins Inc. (US), Rolls-Royce Holdings plc (UK), Generac Holdings Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan) among others in the Generator sales market
1INTRODUCTION38
1.1STUDY OBJECTIVES38
1.2MARKET DEFINITION AND SCOPE38
1.3INCLUSIONS AND EXCLUSIONS39
1.3.1GENERATOR SALES MARKET, BY FUEL TYPE39
1.3.2GENERATOR SALES MARKET, BY POWER RATING39
1.3.3GENERATOR SALES MARKET, BY SALES CHANNEL40
1.3.4GENERATOR SALES MARKET, BY DESIGN40
1.3.5GENERATOR SALES MARKET, BY END USER40
1.4MARKET SCOPE41
1.4.1MARKET SEGMENTATION41
1.4.2YEARS CONSIDERED42
1.4.3REGIONAL SCOPE42
1.5CURRENCY CONSIDERED43
1.6UNITS CONSIDERED43
1.7LIMITATIONS43
1.8STAKEHOLDERS44
1.9SUMMARY OF CHANGES44
1.10RECESSION IMPACT45
2RESEARCH METHODOLOGY46
2.1RESEARCH DATA46
FIGURE 1GENERATOR SALES MARKET: RESEARCH DESIGN46
2.2MARKET BREAKDOWN AND DATA TRIANGULATION47
FIGURE 2DATA TRIANGULATION METHODOLOGY47
2.2.1SECONDARY DATA47
2.2.1.1Key data from secondary sources48
2.2.2PRIMARY DATA48
2.2.2.1Key data from primary sources49
2.2.2.2Breakdown of primaries49
2.2.2.3Breakdown of primary interviews50
2.3MARKET SCOPE50
FIGURE 3MAIN METRICS CONSIDERED WHILE ANALYZING TRENDS AND ASSESSING DEMAND FOR GENERATORS51
2.4MARKET SIZE ESTIMATION52
2.4.1BOTTOM-UP APPROACH52
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH52
2.4.2TOP-DOWN APPROACH53
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH53
2.4.3DEMAND-SIDE ANALYSIS54
2.4.3.1Regional analysis54
2.4.3.2Country-level analysis55
2.4.3.3Demand-side assumptions55
2.4.3.4Demand-side calculations55
2.4.4SUPPLY-SIDE ANALYSIS56
FIGURE 6KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GENERATOR SALES56
FIGURE 7GENERATOR SALES MARKET: SUPPLY-SIDE ANALYSIS56
2.4.4.1Supply-side assumptions57
2.4.4.2Supply-side calculations57
FIGURE 8COMPANY REVENUE ANALYSIS, 202257
2.4.5FORECAST ASSUMPTIONS57
2.5RISK ASSESSMENT58
2.6RECESSION IMPACT58
3EXECUTIVE SUMMARY59
TABLE 1GENERATOR SALES MARKET SNAPSHOT59
FIGURE 9ASIA PACIFIC DOMINATED GENERATOR SALES MARKET IN 202261
FIGURE 10DIESEL FUEL TYPE TO HOLD LARGEST SHARE OF GENERATOR SALES MARKET DURING FORECAST PERIOD61
FIGURE 11ABOVE 3500 KW SEGMENT TO EXHIBIT HIGHEST CAGR IN GENERATOR SALES MARKET DURING FORECAST PERIOD62
FIGURE 12UP TO 10 KW SEGMENT TO HOLD LARGEST SIZE OF UP TO 50 KW GENERATOR SALES MARKET FROM 2023 TO 203062
FIGURE 13STANDBY SEGMENT TO LEAD GENERATOR SALES MARKET DURING FORECAST PERIOD63
FIGURE 14INDUSTRIAL SEGMENT TO CAPTURE LARGEST SHARE OF GENERATOR SALES MARKET IN 203063
FIGURE 15INDIRECT SALES CHANNELS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE FROM 2023 TO 203064
FIGURE 16STATIONARY SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD64
4PREMIUM INSIGHTS65
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GENERATOR SALES MARKET65
FIGURE 17INCREASING DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY TO DRIVE GROWTH OF GENERATOR SALES MARKET65
4.2GENERATOR SALES MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY66
FIGURE 18INDUSTRIAL SECTOR AND CHINA WERE LARGEST SHAREHOLDERS IN GENERATOR SALES MARKET IN ASIA PACIFIC IN 202266
4.3GENERATOR SALES MARKET, BY FUEL TYPE66
FIGURE 19DIESEL-POWERED GENERATORS TO DOMINATE GENERATOR SALES MARKET IN 203066
4.4GENERATOR SALES MARKET, BY APPLICATION67
FIGURE 20PRIME & CONTINUOUS APPLICATIONS TO DOMINATE GENERATOR SALES MARKET IN 203067
4.5GENERATOR SALES MARKET, BY POWER RATING67
FIGURE 21UP TO 50 KW SEGMENT TO DOMINATE GENERATOR SALES MARKET IN 203067
4.6GENERATOR SALES MARKET, BY SALES CHANNEL68
FIGURE 22INDIRECT SALES CHANNELS TO DOMINATE GENERATOR SALES MARKET IN 203068
4.7GENERATOR SALES MARKET, BY DESIGN68
FIGURE 23STATIONARY SEGMENT TO LEAD GENERATOR SALES MARKET IN 203068
4.8GENERATOR SALES MARKET, BY END USER68
FIGURE 24INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 203068
5MARKET OVERVIEW69
5.1INTRODUCTION69
5.2MARKET DYNAMICS70
FIGURE 25GENERATOR SALES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES70
5.2.1DRIVERS70
5.2.1.1Increasing demand for uninterrupted and reliable power supply70
FIGURE 26ATLANTIC HURRICANE SEASON OUTLOOK, 202271
5.2.1.2Rapid industrialization worldwide71
TABLE 2GREENFIELD PROJECTS, BY SECTOR AND SELECTED INDUSTRIES, 2020–202172
5.2.1.3Growing popularity of fuel cell generators72
5.2.2RESTRAINTS73
5.2.2.1High operational costs associated with diesel generators73
FIGURE 27AVERAGE WEEKLY DIESEL RETAIL PRICE IN US, 2016–202273
5.2.2.2High capital expenditure associated with hydrogen energy storage74
5.2.2.3Rise in investments in upgrading T&D infrastructure worldwide74
TABLE 3T&D INFRASTRUCTURE EXPANSION PLANS75
5.2.3OPPORTUNITIES75
5.2.3.1Rising adoption of fuel cell generators across several industries for backup power75
TABLE 4TYPES OF FUEL CELL TECHNOLOGIES76
5.2.3.2Increasing deployment of hybrid, bi-fuel, and inverter generators77
5.2.3.3Government initiatives supporting development of hydrogen economy78
5.2.4CHALLENGES78
5.2.4.1Stringent government regulations pertaining to conventional fuel generators78
5.2.4.2Longer start-up times of solid oxide fuel cells79
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS79
5.3.1REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN GENERATOR SALES MARKET79
FIGURE 28REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN GENERATOR SALES MARKET80
5.4ECOSYSTEM MAPPING80
FIGURE 29GENERATOR SALES MARKET: ECOSYSTEM81
TABLE 5GENERATOR SALES MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM81
5.5VALUE CHAIN ANALYSIS83
FIGURE 30GENERATOR SALES MARKET: VALUE CHAIN ANALYSIS83
5.5.1RAW MATERIAL PROVIDERS/SUPPLIERS84
5.5.2COMPONENT MANUFACTURERS84
5.5.3GENERATOR MANUFACTURERS/ASSEMBLERS85
5.5.4DISTRIBUTORS/END USERS85
5.5.5POST-SALES SERVICE PROVIDERS85
5.6AVERAGE SELLING PRICE TREND86
FIGURE 31GLOBAL AVERAGE SELLING PRICE OF GENERATORS, 202286
TABLE 6AVERAGE SELLING PRICE OF GENERATORS, BY POWER RATING87
TABLE 7PRICING ANALYSIS, BY REGION87
FIGURE 32PRICING ANALYSIS, BY REGION87
5.7TECHNOLOGY ANALYSIS88
5.7.1DIGITALIZATION AND IOT INTEGRATION IN GENERATORS88
5.7.2HYBRID GENERATOR SYSTEMS88
5.7.3POWER MANAGEMENT SYSTEMS89
5.8TRADE DATA89
TABLE 8GLOBAL IMPORTS DATA FOR GENERATORS, 2020–2022 (USD MILLION)90
TABLE 9GLOBAL EXPORTS DATA FOR GENERATORS, 2020–2022 (USD MILLION)90
5.9TARIFF AND REGULATORY LANDSCAPE90
5.9.1TARIFFS APPLICABLE TO GENERATORS91
TABLE 10IMPORT TARIFFS FOR HS 850161 AC GENERATORS OF OUTPUT <75 KVA91
TABLE 11IMPORT TARIFFS FOR HS 850162 AC GENERATORS OF OUTPUT 75–375 KVA92
TABLE 12IMPORT TARIFFS FOR HS 850163 AC GENERATORS OF OUTPUT 375–750 KVA93
TABLE 13IMPORT TARIFFS FOR HS 850164 AC GENERATORS OF OUTPUT >750 KVA95
5.9.2REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS96
TABLE 14NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS96
TABLE 15EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS97
TABLE 16ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
TABLE 17REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS98
TABLE 18GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS99
5.9.3CODES AND REGULATIONS RELATED TO GENERATOR SETS99
TABLE 19GENERATOR SALES MARKET: CODES AND REGULATIONS99
5.10PORTER’S FIVE FORCES ANALYSIS103
FIGURE 33GENERATOR SALES MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022103
TABLE 20GENERATOR SALES MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022104
5.10.1THREAT OF NEW ENTRANTS104
5.10.2BARGAINING POWER OF SUPPLIERS104
5.10.3BARGAINING POWER OF BUYERS105
5.10.4THREAT OF SUBSTITUTES105
5.10.5INTENSITY OF COMPETITIVE RIVALRY105
5.11INNOVATIONS AND PATENT REGISTRATIONS106
TABLE 21GENERATORS: INNOVATIONS AND PATENT REGISTRATIONS, 2018–2022106
5.12CASE STUDY ANALYSIS111
5.12.1GENESAL ENERGY OFFERED SILENT AND ANTI-HURRICANE GENERATOR SETS TO HOSPITAL IN TRINIDAD AND TOBAGO111
5.12.2GENERAC INDUSTRIAL POWER PROVIDED COMPREHENSIVE BACKUP POWER SOLUTION TO ENTERGY112
5.12.3CUMMINS PROVIDED URGENT STANDBY POWER TO SEVEN-UP PLANT IN NIGERIA112
5.12.4JS POWER PROVIDED REMOTE MONITORING SOLUTION WITH REAL-TIME FUEL-LEVEL MONITORING FEATURE TO IT FACILITY113
5.12.5CK POWER OFFERED CUSTOM GENERATOR SOLUTION TO PHENIX TECHNOLOGIES113
5.13KEY CONFERENCES AND EVENTS, 2023–2024114
TABLE 22GENERATOR SALES MARKET: LIST OF CONFERENCES AND EVENTS114
5.14KEY STAKEHOLDERS AND BUYING CRITERIA115
5.14.1KEY STAKEHOLDERS IN BUYING PROCESS115
FIGURE 34INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER115
TABLE 23INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER116
5.14.2BUYING CRITERIA116
FIGURE 35KEY BUYING CRITERIA FOR END USERS116
TABLE 24KEY BUYING CRITERIA, BY END USER116
6GENERATOR SALES MARKET, BY FUEL TYPE117
6.1INTRODUCTION118
FIGURE 36GENERATOR SALES MARKET, BY FUEL TYPE, 2022118
TABLE 25GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)119
6.2DIESEL119
6.2.1EASY AVAILABILITY OF DIESEL AND LONG LIFE OF DIESEL GENERATORS TO DRIVE MARKET119
TABLE 26DIESEL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)120
6.3GAS120
6.3.1EXPANDING GAS DISTRIBUTION NETWORK TO PROPEL MARKET GROWTH120
TABLE 27GAS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)121
6.4LPG121
6.4.1AFFORDABILITY OF LPG TO DRIVE MARKET121
TABLE 28LPG: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)122
6.5BIOFUELS122
6.5.1DEMAND FOR SUSTAINABLE AND LOW-CARBON FUELS TO FOSTER MARKET GROWTH122
TABLE 29BIOFUELS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)123
6.6COAL GAS123
6.6.1RELIABLE AND EASY ACCESSIBILITY OF FUELS TO PROPEL MARKET GROWTH123
TABLE 30COAL GAS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)124
6.7GASOLINE124
6.7.1SUITABILITY FOR PORTABLE APPLICATIONS TO PROPEL MARKET GROWTH124
TABLE 31GASOLINE: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)125
6.8PRODUCER GAS125
6.8.1COST-EFFECTIVENESS OF FEEDSTOCKS TO BOOST MARKET GROWTH125
TABLE 32PRODUCER GAS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)126
6.9FUEL CELLS126
6.9.1INCREASING FOCUS ON ACHIEVING SUSTAINABILITY TARGETS TO DECARBONIZE BUSINESSES TO DRIVE MARKET126
TABLE 33FUEL CELLS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)127
7GENERATOR SALES MARKET, BY POWER RATING128
7.1INTRODUCTION129
FIGURE 37GENERATOR SALES MARKET, BY POWER RATING, 2022129
TABLE 34GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)129
7.2UP TO 50 KW130
7.2.1GROWING DEMAND FROM SMALL COMMERCIAL END USERS AND HOMEOWNERS TO DRIVE MARKET130
FIGURE 38GENERATOR SALES MARKET, BY UP TO 50 KW POWER RATING, 2022130
TABLE 35UP TO 50 KW: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)130
TABLE 36UP TO 50 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)131
7.3UP TO 10 KW131
7.3.1AVAILABILITY OF WIDE VARIETY OF GENERATOR OPTIONS AND SERVICES TO SUPPORT MARKET GROWTH131
7.411–20 KW131
7.4.1DEPLOYMENT IN SMALL-SCALE COMMERCIAL AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET131
7.521–30 KW132
7.5.1HIGH REQUIREMENT FOR RELIABLE AND EFFICIENT ENERGY BACKUP SOLUTIONS TO DRIVE SEGMENTAL GROWTH132
7.631–40 KW132
7.6.1REQUIREMENT FOR SEAMLESS BUSINESS CONTINUITY AND CRITICAL INFRASTRUCTURE SUPPORT ACROSS INDUSTRIES TO DRIVE MARKET132
7.741–50 KW133
7.7.1DEMAND FOR POWER BACKUP SYSTEMS FROM RESIDENTIAL AND COMMERCIAL END USERS TO CONTRIBUTE TO MARKET GROWTH133
7.851–280 KW133
7.8.1INCREASING USE OF GENERATORS AT REMOTE CONSTRUCTION SITES AND INFRASTRUCTURE DEVELOPMENT PROJECTS TO DRIVE MARKET133
TABLE 3751–280 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)133
7.9281–500 KW134
7.9.1HIGH DEMAND FROM OIL & GAS AND MINING INDUSTRIES TO FUEL MARKET GROWTH134
TABLE 38281–500 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)134
7.10501–2,000 KW135
7.10.1RISING DEPLOYMENT IN CHEMICAL, PETROCHEMICAL, AND COMMERCIAL SECTORS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS135
TABLE 39501–2,000 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)135
7.112,001–3,500 KW136
7.11.1INCREASED REQUIREMENTS FROM POWER GENERATION SECTOR TO ENHANCE SEGMENTAL GROWTH136
TABLE 402,001–3,500 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)136
7.12ABOVE 3,500 KW137
7.12.1GROWING DEMAND FOR UNINTERRUPTED POWER SUPPLY IN MARINE SECTOR TO DRIVE MARKET137
TABLE 41ABOVE 3,500 KW: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)137
8GENERATOR SALES MARKET, BY SALES CHANNEL138
8.1INTRODUCTION139
FIGURE 39GENERATOR SALES MARKET, BY SALES CHANNEL, 2022139
TABLE 42GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)139
8.2DIRECT139
8.2.1STRONG FOCUS OF CUSTOMERS ON COST SAVING TO FUEL SEGMENTAL GROWTH139
TABLE 43DIRECT: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)140
8.3INDIRECT140
8.3.1EFFECTIVE LOGISTICS MANAGEMENT TO SUPPORT SEGMENTAL GROWTH140
TABLE 44INDIRECT: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)140
9GENERATOR SALES MARKET, BY DESIGN141
9.1INTRODUCTION142
FIGURE 40GENERATOR SALES MARKET, BY DESIGN, 2022142
TABLE 45GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)142
9.2STATIONARY142
9.2.1GROWING ADOPTION OF GENERATORS AS BACKUP POWER SOLUTIONS FOR UNINTERRUPTED OPERATIONS TO DRIVE MARKET142
TABLE 46STATIONARY: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)143
9.3PORTABLE143
9.3.1COMPACTNESS AND PORTABILITY FEATURES TO BOOST SEGMENTAL GROWTH143
TABLE 47PORTABLE: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)143
10GENERATOR SALES MARKET, BY APPLICATION144
10.1INTRODUCTION145
FIGURE 41GENERATOR SALES MARKET, BY APPLICATION, 2022145
TABLE 48GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)145
10.2STANDBY146
10.2.1INCREASING FREQUENCY OF POWER OUTAGES TO DRIVE DEMAND146
TABLE 49STANDBY: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)147
10.3PRIME & CONTINUOUS147
10.3.1GROWING NUMBER OF OFF-GRID CONSTRUCTION, MINING, AND MILITARY OPERATIONS TO PROPEL DEMAND147
TABLE 50PRIME & CONTINUOUS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)148
10.4PEAK SHAVING148
10.4.1HIGH UTILITY COSTS DURING SUMMER AND WINTER SEASONS TO FUEL DEMAND148
TABLE 51PEAK SHAVING: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)148
11GENERATOR SALES MARKET, BY END USER149
11.1INTRODUCTION150
FIGURE 42GENERATOR SALES MARKET, BY END USER, 2022150
TABLE 52GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)150
11.2INDUSTRIAL151
11.2.1NEED TO MAINTAIN CONSISTENT POWER SUPPLY TO FUEL MARKET GROWTH151
FIGURE 43GENERATOR SALES MARKET, BY INDUSTRIAL END USER, 2022151
TABLE 53GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)152
TABLE 54INDUSTRIAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)152
11.2.2UTILITIES/POWER GENERATION153
11.2.2.1Increasing adoption of generators for standby power and peak demand management in remote areas to fuel market growth153
TABLE 55UTILITIES/POWER GENERATION: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)153
11.2.3OIL & GAS154
11.2.3.1Accelerated installation of modern drilling machines to drive market154
TABLE 56OIL & GAS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)154
11.2.4CHEMICAL & PETROCHEMICAL155
11.2.4.1Growing focus of companies on improving operational efficiency through constant and reliable power supply to boost demand for generator sets155
TABLE 57CHEMICAL & PETROCHEMICAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)155
11.2.5MINING & METAL156
11.2.5.1Rising use of portable and reliable energy backup systems in mining operations to drive market156
TABLE 58MINING & METAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)156
11.2.6MANUFACTURING156
11.2.6.1Need to reduce production losses to fuel demand156
TABLE 59MANUFACTURING: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)157
11.2.7MARINE157
11.2.7.1Accelerating demand for marine generators to drive market157
TABLE 60MARINE: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)157
11.2.8CONSTRUCTION158
11.2.8.1High demand from remote construction sites to propel market growth158
TABLE 61CONSTRUCTION: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)158
11.2.9OTHERS159
TABLE 62OTHERS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)159
11.3COMMERCIAL160
11.3.1NEED FOR UNINTERRUPTED PLANT OPERATION TO DRIVE MARKET160
FIGURE 44GENERATOR SALES MARKET, BY COMMERCIAL END USER, 2022160
TABLE 63GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)161
TABLE 64COMMERCIAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)161
11.3.2HEALTHCARE161
11.3.2.1Increasing focus on sustainable healthcare management to support market growth161
TABLE 65HEALTHCARE: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)162
11.3.3IT & TELECOM162
11.3.3.1Business continuity requirements to drive generator demand162
TABLE 66IT & TELECOM: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)163
11.3.4DATA CENTERS163
11.3.4.1Higher demand for uptime and operational efficiency to drive market163
TABLE 67DATA CENTERS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)164
11.3.5OTHERS164
TABLE 68OTHERS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)164
11.4RESIDENTIAL165
11.4.1RISING NEED FOR POWER BACKUP IN EXTREME WEATHER CONDITIONS TO DRIVE DEMAND165
TABLE 69RESIDENTIAL: GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)165
12GENERATOR SALES MARKET, BY REGION166
12.1INTRODUCTION167
FIGURE 45GENERATOR SALES MARKET IN NORTH AMERICA TO GROW AT FASTEST RATE DURING FORECAST PERIOD167
FIGURE 46GENERATOR SALES MARKET, BY REGION, 2022168
TABLE 70GENERATOR SALES MARKET, BY REGION, 2021–2030 (USD MILLION)168
TABLE 71GENERATOR SALES MARKET, BY REGION, 2021–2030 (THOUSAND UNITS)168
TABLE 72FUEL CELLS: GENERATOR SALES MARKET, BY REGION, 2021–2030 (MW)169
12.2ASIA PACIFIC169
12.2.1IMPACT OF RECESSION ON GENERATOR SALES MARKET IN ASIA PACIFIC169
FIGURE 47ASIA PACIFIC: GENERATOR SALES MARKET SNAPSHOT170
12.2.2BY FUEL TYPE171
TABLE 73ASIA PACIFIC: GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)171
12.2.3BY POWER RATING171
TABLE 74ASIA PACIFIC: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)171
TABLE 75UP TO 50 KW: GENERATOR SALES MARKET IN ASIA PACIFIC, BY POWER RATING, 2021–2030 (USD MILLION)172
12.2.4BY APPLICATION172
TABLE 76ASIA PACIFIC: GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)172
12.2.5BY END USER172
TABLE 77ASIA PACIFIC: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)172
TABLE 78ASIA PACIFIC: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)173
TABLE 79ASIA PACIFIC: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)173
12.2.6BY SALES CHANNEL173
TABLE 80ASIA PACIFIC: GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)173
12.2.7BY DESIGN174
TABLE 81ASIA PACIFIC: GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)174
12.2.8BY COUNTRY174
TABLE 82ASIA PACIFIC: GENERATOR SALES MARKET, BY COUNTRY, 2021–2030 (USD MILLION)174
12.2.8.1China174
12.2.8.1.1Rising energy demand coupled with increased urbanization and industrialization to promote market growth174
TABLE 83CHINA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)175
TABLE 84CHINA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)175
TABLE 85CHINA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)176
12.2.8.2India176
12.2.8.2.1Increased need for reliable electricity and rapid economic growth to drive market176
TABLE 86INDIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)177
TABLE 87INDIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)177
TABLE 88INDIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)177
12.2.8.3Japan178
12.2.8.3.1Growing natural gas infrastructure to boost market growth178
TABLE 89JAPAN: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)178
TABLE 90JAPAN: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)179
TABLE 91JAPAN: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)179
12.2.8.4Australia179
12.2.8.4.1Developing construction and mining activities to accelerate market growth179
TABLE 92AUSTRALIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)180
TABLE 93AUSTRALIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)180
TABLE 94AUSTRALIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)181
12.2.8.5South Korea181
12.2.8.5.1Growing investments in manufacturing and marine industries to drive market181
TABLE 95SOUTH KOREA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)181
TABLE 96SOUTH KOREA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)182
TABLE 97SOUTH KOREA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)182
12.2.8.6New Zealand182
12.2.8.6.1Need to achieve net-zero goals to accelerate market growth182
TABLE 98NEW ZEALAND: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)183
TABLE 99NEW ZEALAND: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)183
TABLE 100NEW ZEALAND: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)184
12.2.8.7Rest of Asia Pacific184
TABLE 101REST OF ASIA PACIFIC: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)184
TABLE 102REST OF ASIA PACIFIC: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)185
TABLE 103REST OF ASIA PACIFIC: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)185
12.3NORTH AMERICA186
12.3.1IMPACT OF RECESSION ON GENERATOR SALES MARKET IN NORTH AMERICA186
FIGURE 48NORTH AMERICA: GENERATOR SALES MARKET SNAPSHOT187
12.3.2BY FUEL TYPE188
TABLE 104NORTH AMERICA: GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)188
12.3.3BY POWER RATING188
TABLE 105NORTH AMERICA: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)188
TABLE 106UP TO 50 KW: GENERATOR SALES MARKET IN NORTH AMERICA, BY POWER RATING, 2021–2030 (USD MILLION)189
12.3.4BY APPLICATION189
TABLE 107NORTH AMERICA: GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)189
12.3.5BY END USER189
TABLE 108NORTH AMERICA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)189
TABLE 109NORTH AMERICA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)190
TABLE 110NORTH AMERICA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)190
12.3.6BY SALES CHANNEL190
TABLE 111NORTH AMERICA: GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)190
12.3.7BY DESIGN191
TABLE 112NORTH AMERICA: GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)191
12.3.8BY COUNTRY191
TABLE 113NORTH AMERICA: GENERATOR SALES MARKET, BY COUNTRY, 2021–2030 (USD MILLION)191
12.3.8.1US191
12.3.8.1.1Increased investments in fuel cells to drive market191
TABLE 114US: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)192
TABLE 115US: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)192
TABLE 116US: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)192
12.3.8.2Canada193
12.3.8.2.1Rising energy demand in industries to propel market growth193
TABLE 117CANADA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)193
TABLE 118CANADA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)194
TABLE 119CANADA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)194
12.3.8.3Mexico194
12.3.8.3.1Higher energy requirements in manufacturing, oil & gas, and mining sectors to boost demand194
TABLE 120MEXICO: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)195
TABLE 121MEXICO: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)195
TABLE 122MEXICO: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)195
12.4EUROPE196
12.4.1IMPACT OF RECESSION ON GENERATOR SALES MARKET IN EUROPE196
12.4.2BY FUEL TYPE197
TABLE 123EUROPE: GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)197
12.4.3BY POWER RATING197
TABLE 124EUROPE: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)197
TABLE 125UP TO 50 KW: GENERATOR SALES MARKET IN EUROPE, BY POWER RATING, 2021–2030 (USD MILLION)197
12.4.4BY APPLICATION198
TABLE 126EUROPE: GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)198
12.4.5BY END USER198
TABLE 127EUROPE: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)198
TABLE 128EUROPE: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)198
TABLE 129EUROPE: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)199
12.4.6BY SALES CHANNEL199
TABLE 130EUROPE: GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)199
12.4.7BY DESIGN199
TABLE 131EUROPE: GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)199
12.4.8BY COUNTRY200
TABLE 132EUROPE: GENERATOR SALES MARKET, BY COUNTRY, 2021–2030 (USD MILLION)200
12.4.8.1Germany200
12.4.8.1.1Increased demand for reliable backup power in industrial sector to boost market growth200
TABLE 133GERMANY: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)201
TABLE 134GERMANY: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)201
TABLE 135GERMANY: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)201
12.4.8.2Russia202
12.4.8.2.1Surging investments in oil & gas and marine sectors to accelerate market growth202
TABLE 136RUSSIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)202
TABLE 137RUSSIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)203
TABLE 138RUSSIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)203
12.4.8.3France203
12.4.8.3.1High demand for generators in manufacturing sector to drive market203
TABLE 139FRANCE: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)204
TABLE 140FRANCE: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)204
TABLE 141FRANCE: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)205
12.4.8.4UK205
12.4.8.4.1Rising demand for data centers in UK to drive market growth205
TABLE 142UK: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)205
TABLE 143UK: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)206
TABLE 144UK: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)206
12.4.8.5Rest of Europe206
TABLE 145REST OF EUROPE: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)207
TABLE 146REST OF EUROPE: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)207
TABLE 147REST OF EUROPE: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)207
12.5MIDDLE EAST & AFRICA208
12.5.1IMPACT OF RECESSION ON GENERATOR SALES MARKET IN MIDDLE EAST & AFRICA208
12.5.2BY FUEL TYPE209
TABLE 148MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY FUEL TYPE, 2021–2030 (USD MILLION)209
12.5.3BY POWER RATING209
TABLE 149MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY POWER RATING, 2021–2030 (USD MILLION)209
TABLE 150UP TO 50 KW: GENERATOR SALES MARKET IN MIDDLE EAST & AFRICA, BY POWER RATING, 2021–2030 (USD MILLION)210
12.5.4BY APPLICATION210
TABLE 151MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY APPLICATION, 2021–2030 (USD MILLION)210
12.5.5BY END USER210
TABLE 152MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)210
TABLE 153MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)211
TABLE 154MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)211
12.5.6BY SALES CHANNEL211
TABLE 155MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY SALES CHANNEL, 2021–2030 (USD MILLION)211
12.5.7BY DESIGN212
TABLE 156MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY DESIGN, 2021–2030 (USD MILLION)212
12.5.8BY COUNTRY212
TABLE 157MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY COUNTRY, 2021–2030 (USD MILLION)212
12.5.8.1Saudi Arabia213
12.5.8.1.1Rising investments in infrastructure development and oil & gas industry to drive demand213
TABLE 158SAUDI ARABIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)213
TABLE 159SAUDI ARABIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)214
TABLE 160SAUDI ARABIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)214
12.5.8.2UAE214
12.5.8.2.1High influx of foreign direct investments to fuel demand214
TABLE 161UAE: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)215
TABLE 162UAE: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)215
TABLE 163UAE: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)216
12.5.8.3South Africa216
12.5.8.3.1High adoption of generators due to blackouts and power outages to drive market216
TABLE 164SOUTH AFRICA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)217
TABLE 165SOUTH AFRICA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)217
TABLE 166SOUTH AFRICA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)217
12.5.8.4Nigeria218
12.5.8.4.1Rising demand for generators for uninterrupted power supply to boost market218
TABLE 167NIGERIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)218
TABLE 168NIGERIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)219
TABLE 169NIGERIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)219
12.5.8.5Algeria219
12.5.8.5.1Rising investments in oil & gas sector to boost market growth219
TABLE 170ALGERIA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)220
TABLE 171ALGERIA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)220
TABLE 172ALGERIA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)220
12.5.8.6Rest of Middle East & Africa221
TABLE 173REST OF MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY END USER, 2021–2030 (USD MILLION)221
TABLE 174REST OF MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY INDUSTRIAL, 2021–2030 (USD MILLION)221
TABLE 175REST OF MIDDLE EAST & AFRICA: GENERATOR SALES MARKET, BY COMMERCIAL, 2021–2030 (USD MILLION)222
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