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Generator Market By End Use (Residential, Industrial, Commercial), By Fuel Type (Diesel Generator, Gas Generator), By Power Rating (Below 100 kVA, 100-350 kVA, 350-1000 kVA, Above 1000 kVA) – Growth, Future Prospects & Competitive Analysis, 2016 – 2023

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Market Insights

A generator refers to a device that converts mechanical energy into electrical energy. It uses various fuel sources, such as gasoline, diesel, and gas, as fuel to run the internal combustion engine. Generators are widely used as a source of backup power in various industries, commercial installations, and residential buildings.

The generator market is anticipated to gain thrust with growing demand for uninterrupted power supply during power grid downtime. The operations of commercial establishments such as malls, data centers, hospitals, and construction sites are highly dependent on the power supply.

A growing power outage due to a lack of power generation and grid maintenance activities is impacting the business operations of commercial installations, which in turn is influencing commercial installations to use generators as a power backup source. Thus fueling the demand for power backup equipment such as generators.

A further growing gap between power generation and power supply will result in power outages, which in turn are anticipated to increase the demand for generators over the forecast period.

Moreover, increasing power cuts and voltage fluctuations adversely impact the operations of industries, which in turn is influencing the industries to adopt reliable power backup equipment such as generators to reduce their downtime due to power outages. This, in turn, is expected to augment the demand for generators over the forecast period (2016–2023).

However, the high cost of acquisition and increasing use of renewable energy sources such as solar and wind, coupled with favorable regulatory policies for the use of renewable energy sources, is expected to hamper the growth of the generator market during the forecast period (2016–2023).

North America is expected to be the largest region in the global generator market owing to the increasing demand for generators in commercial establishments and industries, which is expected to drive demand in the region. Asia Pacific is anticipated to be the fastest-growing region due to rapid urbanization and industrialization, especially in China and India, fueling the demand for generators over the forecast period (2016–2023).

The global generator market is expected to be worth US$ 18.4 billion by the end of 2016 and to grow at a CAGR of 4.9% between 2016 and 2023.

Purpose of the Report

The purpose of this strategic research study titled “Global Generator Market Growth, Future Prospects, Competitive Analysis, and Forecast, 2016–2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global generator market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Generator manufacturers
  • Raw material suppliers for generators
  • Research Institutes

On the basis of end users, the global generator market is categorized into the following types:

  • Residential
  • Industrial
  • Commercial

Among end uses, the commercial segment was the largest segment in 2015. Growth of the segment is augmented by rising demand for uninterrupted power supply from various commercial establishments such as malls, banks, restaurants, movie theatres, hospitals, schools, offices, and other commercial buildings, which fuels the demand for generators. The industrial segment is anticipated to be the fastest-growing segment due to rapid industrialization, especially in emerging economies, fueling demand for power supply.

Power outages caused by supply-demand imbalances and grid maintenance activities encourage industries to use generators as an alternate power source to reduce downtime losses. Further, increasing voltage fluctuation from the grid is causing wear and tear on high-value equipment, which in turn is encouraging the use of generators as an alternative power source.

The segment is anticipated to gain significant market share by 2023. The residential segment is also anticipated to register steady growth due to increasing demand from residential buildings, which is anticipated to drive the demand for generators during the forecast period (2016–2023).

On the basis of fuel type, the global generator market is categorized into the following types:

  • Diesel
  • Gas
  • Others (Gasoline)

Among all fuel types, the diesel segment was the most dominant in 2015, accounting for over 60% of the revenue share of the global generator market. The segment is expected to continue its dominance over the forecast period due to its low cost of acquisition.

Over the forecast period (2016-2023), the gas generators market is expected to be the fastest-growing segment. The growth of the segment is augmented by its increasing popularity due to low operational costs coupled with favorable regulatory policies due to low emissions of greenhouse gases. The segment is anticipated to gain significant market share by 2023.

On the basis of power rating, the global generator market is categorized into the following types:

  • Below 100 kVA
  • 100-350 kVA
  • 350-1000 kVA
  • Above 1000 kVA

Among all power rating generators, the 100-350 kVA power rating segment was anticipated to be the largest segment in 2016, accounting for a significant revenue share in the global generator market.

The growth of the segment is augmented by the wide adoption of 100-350 kVA power rating generators in the residential sector and small-scale industries as a power backup source. The 350-1000 kVA power rating segment is anticipated to be the fastest-growing segment during the forecast period (2016–2023).

The growth of the segment is augmented by the increasing use of 350-1000 kVA power rating generators in malls, educational institutions, data centers, the IT sector, telecom, and residential societies.

By 2023, the segment is expected to have a significant market share in the global generator market. Other segments, such as the 100 kVA power rating segment and the 1000 kVA power rating segment, are anticipated to grow at a steady rate over the forecast period.

On the basis of geography, the global generator market is segmented into the following categories:

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

The global generator market is segmented on the basis of geography. Asia Pacific is expected to be the largest and fastest-growing region in the global generator market. Rapid industrial growth in China over the last decade, fueled by low-cost manufacturing and favorable regulatory policies, has influenced OEM to establish manufacturing bases in China, fueling demand for generators in the region.

Moreover, favorable regulatory policies to boost industrial growth in India are projected to amplify the demand for generators in the region. Followed by it, North America is anticipated to be the second largest region in global generator sales due to increasing demand for generators from various industries and commercial buildings in the region.

Europe, Latin America, the Middle East, and Africa (MEA) are anticipated to collectively contribute significant revenue shares in the global generator market and are projected to grow at a steady rate over the forecast period (2016–2023).

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Generator Market Snapshot
2.1.1. Global Generator Market by Fuel Type, 2015
2.1.2. Global Generator Market by Power Rating, 2015
2.1.3. Global Generator Market by End Use, 2015
2.1.4. Global Generator Market by Geography, 2015
2.1.5. Market Drivers, Challenges and Trends

3. Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges

4. Global Generator Market Size (US$ Bn), By Fuel Type, 2013 – 2023
4.1. Overview
4.1.1. Market Share Analysis by Fuel Type, 2015 vs. 2023
4.1.2. Attractive Investment Proportion by Fuel Type
4.2. Diesel Generator
4.3. Gas Generator
4.4. Others (Gasoline)

5. Global Generator Market Size (US$ Bn), By Power Rating, 2013 – 2023
5.1. Overview
5.1.1. Market Share Analysis by Power Rating, 2015 vs. 2023
5.1.2. Attractive Investment Proportion by Power Rating
5.2. Below 100 kVA
5.3. 100-350 kVA
5.4. 350-1000 kVA
5.5. Above 1000 kVA

6. Global Generator Market Size (US$ Bn), By End Use, 2013 – 2023
6.1. Overview
6.1.1. Market Share Analysis by End Use, 2015 vs. 2023
6.1.2. Attractive Investment Proportion by End Use
6.2. Residential
6.3. Industrial
6.4. Commercial

7. Global Generator Market Size (US$ Bn), By Geography, 2013 – 2023
7.1. Overview
7.1.1. Market Share Analysis by Geography, 2015 vs. 2023
7.1.2. Attractive Investment Proportion by Geography
7.2. North America Generator Market Analysis, 2013 – 2023
7.2.1. North America Generator Market Size (US$ Bn), By Country, 2013 – 2023
7.2.1.1. U.S.
7.2.1.2. Canada
7.2.2. North America Generator Market Size (US$ Bn), By Fuel Type, 2013 – 2023
7.2.2.1. Diesel Generator
7.2.2.2. Gas Generator
7.2.2.3. Others (Gasoline)
7.2.3. North America Generator Market Size (US$ Bn), By Power Rating, 2013 – 2023
7.2.3.1. Below 100 kVA
7.2.3.2. 100-350 kVA
7.2.3.3. 350-1000 kVA
7.2.3.4. Above 1000 kVA
7.2.4. North America Generator Market Size (US$ Bn), By End Use, 2013 – 2023
7.2.4.1. Residential
7.2.4.2. Industrial
7.2.4.3. Commercial
7.3. Europe Generator Market Analysis, 2013 – 2023
7.3.1. Europe Generator Market Size (US$ Bn), By Country, 2013 – 2023
7.3.1.1. Russia
7.3.1.2. U.K
7.3.1.3. Rest of Europe
7.3.2. Europe Generator Market Size (US$ Bn), By Fuel Type, 2013 – 2023
7.3.2.1. Diesel Generator
7.3.2.2. Gas Generator
7.3.2.3. Others (Gasoline)
7.3.3. Europe Generator Market Size (US$ Bn), By Power Rating, 2013 – 2023
7.3.3.1. Below 100 kVA
7.3.3.2. 100-350 kVA
7.3.3.3. 350-1000 kVA
7.3.3.4. Above 1000 kVA
7.3.4. Europe Generator Market Size (US$ Bn), By End Use, 2013 – 2023
7.3.4.1. Residential
7.3.4.2. Industrial
7.3.4.3. Commercial
7.4. Asia Pacific Generator Market Analysis, 2013 – 2023
7.4.1. Asia Pacific Generator Market Size (US$ Bn), By Country, 2013 – 2023
7.4.1.1. China
7.4.1.2. India
7.4.1.3. Rest of Asia Pacific
7.4.2. Asia Pacific Generator Market Size (US$ Bn), By Fuel Type, 2013 – 2023
7.4.2.1. Diesel Generator
7.4.2.2. Gas Generator
7.4.2.3. Others (Gasoline)
7.4.3. Asia Pacific Generator Market Size (US$ Bn), By Power Rating, 2013 – 2023
7.4.3.1. Below 100 kVA
7.4.3.2. 100-350 kVA
7.4.3.3. 350-1000 kVA
7.4.3.4. Above 1000 kVA
7.4.4. Asia Pacific Generator Market Size (US$ Bn), By End Use, 2013 – 2023
7.4.4.1. Residential
7.4.4.2. Industrial
7.4.4.3. Commercial
7.5. Latin America Generator Market Analysis, 2013 – 2023
7.5.1. Latin America Generator Market Size (US$ Bn), By Country, 2013 – 2023
7.5.1.1. Brazil
7.5.1.2. Mexico
7.5.1.3. Rest of Latin America
7.5.2. Latin America Generator (US$ Bn), By Fuel Type, 2013 – 2023
7.5.2.1. Diesel Generator
7.5.2.2. Gas Generator
7.5.2.3. Others (Gasoline)
7.5.3. Latin America Generator Market Size (US$ Bn), By Power Rating, 2013 – 2023
7.5.3.1. Below 100 kVA
7.5.3.2. 100-350 kVA
7.5.3.3. 350-1000 kVA
7.5.3.4. Above 1000 kVA
7.5.4. Latin America Generator Market Size (US$ Bn), By End Use, 2013 – 2023
7.5.4.1. Residential
7.5.4.2. Industrial
7.5.4.3. Commercial
7.6. Middle East & Africa (MEA) Generator Market Analysis, 2013 – 2023
7.6.1. MEA Generator Market Size (US$ Bn), By Country, 2013 – 2023
7.6.1.1. GCC
7.6.1.2. Rest of MEA
7.6.2. MEA Generator Market Size (US$ Bn), By Fuel Type, 2013 – 2023
7.6.2.1. Diesel Generator
7.6.2.2. Gas Generator
7.6.2.3. Others (Gasoline)
7.6.3. MEA Generator Market Size (US$ Bn), By Power Rating, 2013 – 2023
7.6.3.1. Below 100 kVA
7.6.3.2. 100-350 kVA
7.6.3.3. 350-1000 kVA
7.6.3.4. Above 1000 kVA
7.6.4. MEA Generator Market Size (US$ Bn), By End Use, 2013 – 2023
7.6.4.1. Residential
7.6.4.2. Industrial
7.6.4.3. Commercial

8. Company Profiles
8.1. Competitive Dashboard
8.2. Key Players
8.2.1. Caterpillar, Inc.
8.2.1.1. Business Description
8.2.1.2. Financial Performance Analysis
8.2.1.3. Product Portfolio
8.2.1.4. SWOT Analysis
8.2.1.5. Key Developments
8.2.2. Himonisa S.L.
8.2.3. Aggreko
8.2.4. APR Energy
8.2.5. Atlas Copco
8.2.6. Broadcrown
8.2.7. Cummins, Inc.
8.2.8. Generac Holdings, Inc.
8.2.9. Mitsubishi Heavy Industries Ltd.
8.2.10. Briggs & Stratton Corporation
8.2.11. Kirloskar Electric Company Ltd.
8.2.12. MQ Power Corporation
8.2.13. Wartsila Corporation

List of Figures

Figure 01: Global Generator Market Revenue (US$ Bn) Forecast, 2013-2023
Figure 02: Global Generator Market Share (%) by Fuel Type, 2015 vs. 2023
Figure 03: Global Generator Market Investment Proportion by Fuel Type, 2015
Figure 04: Global Generator Market Share (%) by Power Rating, 2015 vs. 2023
Figure 05: Global Generator Market Investment Proportion by Power Rating, 2015
Figure 06: Global Generator Market Share (%) by End Use, 2015 vs. 2023
Figure 07: Global Generator Market Investment Proportion by End Use, 2015
Figure 08: Global Generator Market Share Analysis (%) by Geography, 2015 vs. 2023
Figure 09: Global Generator Market Investment Proportion by Geography, 2015
Figure 10: North America Generator Market Investment Proportion by Country, 2015
Figure 11: Europe Generator Market Investment Proportion by Country, 2015
Figure 12: Asia Pacific Generator Market Investment Proportion by Country, 2015
Figure 13: Latin America Generator Market Investment Proportion by Country, 2015
Figure 14: Middle East & Africa Generator Market Investment Proportion by Country, 2015

List of Tables

Table 01: Global Generator Market Revenue (US$ Bn) Forecast by Fuel Type, 2013-2023
Table 02: Global Generator Market Revenue (US$ Bn) Forecast by Power Rating, 2013-2023
Table 03: Global Generator Market Revenue (US$ Bn) Forecast by End Use, 2013-2023
Table 04: Global Generator Market Value (US$ Bn) Forecast, by Geography, 2013-2023
Table 05: North America Generator Market Value (US$ Bn) Forecast, by Country, 2013-2023
Table 06: North America Generator Market Revenue (US$ Bn) Forecast, by Fuel Type, 2013-2023
Table 07: North America Generator Market Revenue (US$ Bn) Forecast, by Power Rating, 2013-2023
Table 08: North America Generator Market Revenue (US$ Bn) Forecast, by End Use, 2013-2023
Table 09: Europe Generator Market Value (US$ Bn) Forecast, by Country, 2013-2023
Table 10: Europe Generator Market Revenue (US$ Bn) Forecast, by Fuel Type, 2013-2023
Table 11: Europe Generator Market Revenue (US$ Bn) Forecast, by Power Rating, 2013-2023
Table 12: Europe Generator Market Revenue (US$ Bn) Forecast, by End Use, 2013-2023
Table 13: Asia Pacific Generator Market Value (US$ Bn) Forecast, by Country, 2013-2023
Table 14: Asia Pacific Generator Market Revenue (US$ Bn) Forecast, by Fuel Type, 2013-2023
Table 15: Asia Pacific Generator Market Revenue (US$ Bn) Forecast, by Power Rating, 2013-2023
Table 16: Asia Pacific Generator Market Revenue (US$ Bn) Forecast, by End Use, 2013-2023
Table 17: Latin America Generator Market Value (US$ Bn) Forecast, by Country, 2013-2023
Table 18: Latin America Generator Market Revenue (US$ Bn) Forecast, by Fuel Type, 2013-2023
Table 19: Latin America Generator Market Revenue (US$ Bn) Forecast, by Power Rating, 2013-2023
Table 20: Latin America Generator Market Revenue (US$ Bn) Forecast, by End Use, 2013-2023
Table 21: Middle East & Africa Generator Market Value (US$ Bn) Forecast, by Country, 2013-2023
Table 22: Middle East & Africa Generator Market Revenue (US$ Bn) Forecast, by Fuel Type, 2013-2023
Table 23: Middle East & Africa Generator Market Revenue (US$ Bn) Forecast, by Power Rating, 2013-2023
Table 24: Middle East & Africa Generator Market Revenue (US$ Bn) Forecast, by End Use, 2013-2023
Table 25: Caterpillar, Inc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 26: Himoinsa S.L.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 27: Aggreko: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 28: APR Energy.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 29: Atlas Copco: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 30: Broadcrown: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 31: Cummins, Inc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 32: Generac Holdings, Inc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 33: Mitsubishi Heavy Industries Ltd.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 34: Briggs & Stratton Corporation: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 35: Kirloskar Electric Company Ltd.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 36: MQ Power Corporation: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 37: MTU Onsite Energy: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 38: Wartsila Corporation: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)

Frequently Asked Questions

What is the size of Generator Market?

The market for Generator Market is expected to reach USD$ 25.6 Bn in 2023.

What is the Generator Market CAGR?

The Generator Market is expected to see significant CAGR growth over the coming years, at 4.9%.

The Generator Market is expected to see significant CAGR growth over the coming years, at 4.9%.

The report is forecasted from 2016 -2023.

What is the base year considered for Generator Market?

The base year of this report is 2015.

Who are the major players in this market?

Caterpillar, Inc., Business Description, Financial Performance Analysis, Product Portfolio. are some of the major players in the global market.

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