Global Generator Sales Market Size, Growth, Opportunity, Key Players and Industry Trends 2022-27

The latest report by IMARC Group, titled “Generator Sales Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ Offers a comprehensive analysis of the industry, which comprises insights on Generator Sales Market Size.

Generator Sales Market Overview:

The global generator market reached a value of US$ 19.30 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 27.07 Billion by 2027, exhibiting at a CAGR of 5.3% during 2022-2027.A generator provides an optimum power backup by converting mechanical energy into electrical energy. It comprises an engine, charger, main control, alternator, voltage regulator, fuel system, main assembly, and a cooling and exhaust system. It is extensively used in commercial and residential spaces, especially during prolonged power outages. Nowadays, leading market players are introducing advanced generators that automatically switch on when the power grid fails.

Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/generator-sales-market/requestsample

Generator Sales Market Trends/Drivers:

Severe weather conditions and natural disasters, such as earthquakes, hurricanes, tornadoes, and tsunamis, can cause power failures. This represents one of the major factors escalating the demand for generators across the globe. Moreover, rapid urbanization and increasing reliance on electricity during construction activities are propelling the market growth. Besides this, the growing popularity of natural gas generators in industrial sites on account of stringent regulations implemented by governments of different countries is positively influencing the market. Furthermore, the rising utilization of commercial emergency power backups in the healthcare industry to keep life support machines working during power cuts is bolstering the market growth.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the reportReport FeaturesDetailsBase Year of the Analysis2021Historical Period2016-2021Forecast Period2022-2027UnitsUS$ BillionSegment CoverageFuel Type, Power Rating, Application, End User, Region

Competitive Landscape:

  • ABB Ltd.
  • Atlas Copco AB
  • Bharat Heavy Electricals Limited
  • Briggs & Stratton Corporation
  • Caterpillar Inc.
  • Cummins Inc.
  • Generac Power Systems Inc.
  • General Electric Company
  • Kohler Co.
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce plc
  • Siemens AG
  • Toshiba Corporation
  • Wacker Neuson SE
  • Wärtsilä Corporation.

Key Market Segmentation:

Breakup by Fuel Type:

  • Diesel
  • Gas
  • Others

Breakup by Power Rating:

  • Below 75 kVA
  • 75-375 kVA
  • 375-750 kVA
  • Above 750 kVA

Breakup by Application:

  • Continuous Load
  • Peak Load
  • Stand by Load

Breakup by End User:

  • Residential
  • Commercial
  • Industrial

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Explore full report with TOC & List of Figures: https://www.imarcgroup.com/generator-sales-market

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Sources:

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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