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Generator Market Recent Trends, Market Growth, Top Manufacturers Analysis and Forecast 2025

Author : Rahul Sankrityayan | Published Date : 2019-10-16 

Global Generator Market size is anticipated to witness growth owing to increasing demand for continuous and stable power supply. Rapid industrialization and urbanization are responsible to encourage electricity demand. Increasing demand for off grid infrastructure in remote areas will propel global generator market share. In sub-Saharan Africa, more than 600 million people live without electricity access.

Rising concerns for environmental pollution coupled with strict regulatory framework may hamper the growth of global generator market. Increased government regulations concerning with environmental pollution may also among the major restraint. Industry has witnessed several merger, acquisition and joint venture strategies to enhance their business presence. In January 2017, Generac Power Systems has acquired Motor tech, a global supplier of gaseous fueled generators to expand their business.

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Based on fuel, generator market can be segmented into gasoline, natural gas, propane and diesel. Diesel generator may will witness significant growth due to excellent engine life, higher fire and personal safety features. Ease fuel availability may further complement the industry outlook. It finds application in numerous fields including aviation, healthcare, datacenters and marine.

Based on applications, generator market can be segmented into commercial, military, residential, industrial, marine and others. Industrial and commercial segment is anticipated to experience significant growth owing to increasing investment in infrastructure sector by Asia, Africa and Latin America. In 2016, Argentina announced to spend USD 26 billion to revamp its power sector..

Europe generator market is expected to witness substantial growth on account of increasing emphasis towards renewable energy technology adoption. Intermittent availability of renewable resources including wind and solar has led the demand for generator as power backup system. Increased adoption of solar energy in countries including UK, Germany and France will boost industry outlook.

Latin America generator market is set to grow appreciably owing to growing electricity demand and supply continuity concerns. Per capita electricity consumption in Brazil reached 2.58 MWh in 2014 from 2.53 MWh in 2012. Government initiatives pertaining to effective energy resources utilization will further thrust the generator industry over the forecast timeframe. Major participants in generator market include American Honda Motor, Cummins, General Electric, Yamaha and Perkins Engines, Siemens AG, Generac Power Systems, ABB and Hyundai Power Equipment.

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https://www.marketwatch.com/press-release/digital-oilfield-market-industry-analysis-size-share-trends-and-forecast-2025-2019-10-16

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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