Sales Forecast of Generator Market Reveals Positive growth Through 2031

Uninterrupted power supply, supported by efficient power back-up, is crucial across sectors such as industrial, residential, and commercial. Erratic supply of power, especially in underdeveloped and developing regions of the world, is the main driver for high demand for generators. Despite growing environmental concerns about the usage of diesel across the world, demand from the industrial sector is expected to be over 30% over the coming years. Fact.MR has also observed that bigger players leveraging their business expertise to provide seamless power supply for a wide array of operations undertaken by business corporations and enterprises.

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Global Generator Market Segmentation by Category

• Application:

  • Stationary Generators
  • Portable Generators

• Fuel:

  • Diesel Generators
  • Gas Generators

• End Use:

  • Residential Generators
  • Commercial Generators
  • Industrial Generators
  • Others

• Capacity:

  • 0-100 kVA
  • 100-350 kVA
  • 350-1000kVA
  • Above 1000kVA

• Region:

  • North America
  • Latin America
  • APEJ
  • Europe
  • Japan
  • MEA

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Key Takeaways from Global Generator Market Report

• In terms of revenue, North America is forecasted to account for one-third of overall global demand by 2030. Rapid development of commercial establishments and industries aiming to increase productivity is boosting adoption.
• Asia Pacific excluding Japan (APEJ) will remain the fastest-growing market in terms of value, due to unstable power supply in many areas of the region.
• Among the fuel types, demand for diesel generators will remain strong, accounting for 3 out of every 4 generators sold worldwide.
• Due to high industrial demand for generators, the largest size of above 1000 kVA will be most sought-after across regions.
• Both, stationary and portable generators will witness more or less the same sales, when calculated by value.
• The industrial sector will continue to be the main end user of generators through 2030.
• With easing of restrictions that were brought about by the COVID-19 pandemic, industrial activity has picked up, and, as such, the global generator market is slated to get back to its normal growth trajectory over the coming months.

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Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million plus data points, the team has analyzed automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

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