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Generator Sales Market to Reach USD 27.16 Billion by 2027; Stoked by Increasing Construction Expenditure Worldwide

November 09, 2020 | Energy & Power

The global generator sales market size is expected to reach USD 27.16 billion by 2027 backed by the increasing construction expenditure owing to the rapid industrialization that propels the generator sales across the globe. Fortune Business Insights, in its latest report, titled, “Generator Sales Market Size, Share & COVID-19 Impact Analysis, By Power Rating (Below 75 kVA, 75-375 kVA, 375-750 kVA, and Above 750 kVA), By Fuel Type (Diesel, Gas, and Others), By Application (Continuous Load, Peak Load, and Stand By Load), By End User (Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Telecom, and Others), and Regional Forecast, 2020-2027.”, mentions that the market stood at USD 20.31 billion in 2019 and is likely to exhibit a CAGR of 5.7% between 2020 and 2027.


Caterpillar Inc. Launches New Diesel Generator Sets to Brighten its Market Prospects


In May 2020, Caterpillar Inc. introduced its new Cat® GC diesel generator sets that is primarily designed to offer the consumers maximum value by delivering optimal performance with minimal footprint. The company presents eight new models that consist of a standby power rating between 250 kW to 600 kW and are engineered to provide high productivity and reliability.


Jason Kaiser, General Manager, Caterpillar Retail Electric Power Solutions, said, “Customers requiring standby power seek systems having an optimized combination of capabilities delivering productivity, while remarkably minimizing installation costs.” Key players like Caterpillar that are constantly striving to introduce advanced products are expected to play a major role in driving the generator sales during the forecast period.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/generator-sales-market-100492


Increasing Expenditure for Construction Activities to Favor Growth


In August 2020, the U.S. Census Bureau published that the total expenditure on public buildings was estimated to be about USD 353.3 billion in June 2020 from USD 332.8 billion that was for the same corresponding period last year. The fast-paced industrialization and the growing construction activities across the globe are expected to surge the generator sales during the forecast period. Additionally, the increasing focus on developing energy-efficient buildings is expected to drive the global generator sales market during the forecast period.


Major Companies Eye for Collaborations to Amplify Their Market Positions


The global generator sales market size is consolidated by the presence of major companies such as Roll-Royce, Caterpillar Inc., and Wartsila, among others that are focusing on collaborations between each other to boost their generator sales and further consolidate their positions. The other key players are adopting strategies such as the introduction of new products, partnership, and merger and acquisition that is expected to bode well for the market growth in the forthcoming years.


Industry Development:



  • November 2019 – Rolls-Royce announced the shipment of its new B36:45V20 gas engines to Czech Republic specially designed for independent power provider, C-Energy. This is expected to boost the generator sales of the company that has set a new standard in efficiency and power, along with low fuel consumption.


List of the Companies Profiled in the Global Market for Generator Sales:



  • Rolls-Royce (U.K.)

  • Caterpillar Inc. (U.S.)

  • Atlas Copco (Sweden)

  • MAN Energy Solutions (Germany)

  • Zwart Techniek (Netherlands)

  • Cummins Inc. (U.S.)

  • Wacker Neuson (Germany)

  • Himoinsa (Spain)

  • Kohler-SDMO (France)

  • Inmesol S.L.U. (Spain)

  • Aggreko (U.K.)

  • Daihatsu Diesel Mfg. Co., Ltd. (Japan)

  • Ingersoll Rand (U.S.)

  • Wartsila (Finland)

  • American Honda Motor Company, Inc. (U.S.)

  • JCB (U.K.)

  • Generac Power Systems (U.S.)

  • Perfect Gas Generator (India)

  • FG Wilson (U.K.)

  • Endress Elektrogerätebau GmbH (Germany)

  • PRAMAC (Italy)

  • John Deere (U.S.)

  • Yanmar (Japan)

  • Kirloskar Electric Co. Ltd. (India)

  • Briggs & Straton (U.S.)

  • Manlift Group (UAE)

  • HiPower Systems (U.S.)

  • BGG UK (U.K.)


Further Report Findings:



  • Asia-Pacific held a market share of USD 7.31 billion in 2019 and is expected to dominate by holding the highest position in the global generator sales market. This dominance is attributable to the increasing focus on developing advanced infrastructures in countries such as China and India that drives the generator sales in the region.

  • The market in North America is expected to showcase a significant growth owing to the rising government and private investments in the construction sector. Additionally, the presence of established manufacturers is expected to boost the market growth in the region between 2020 and 2027.

  • The oil & gas segment, based on end user, held a market share of about 19.7% in 2019 and is projected to experience an exponential growth in the forthcoming years. This is ascribable to factors such as the growing investment opportunities to explore huge hydrocarbon reservoirs across the globe.


Table of Segmentation:














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Power Rating



  • Below 75 kVA

  • 75-375 kVA

  • 375-750 kVA

  • Above 750 kVA



By Fuel Type



  • Diesel

  • Gas

  • Others



By Application



  • Continuous Load

  • Peak Load

  • Standby Load



By End User



  • Mining

  • Oil & Gas

  • Construction

  • Residential

  • Marine

  • Manufacturing

  • Pharmaceuticals

  • Commercial

  • Telecom

  • Others



By Geography



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, Indonesia, Malaysia, and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, Saudi Arabia, UAE, Qatar, Kuwait, and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico, Colombia, Peru, Chile, Argentina, and Rest of Latin America)


Generator Sales Market
  • PDF
  • 2019
  • 2016-2018
  • 260

    CHOOSE LICENSE TYPE

  • 4850
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