In the event that the state distribution companies experience a load shed, generators help the industry generate power. Over the projected period of 2022–2030, the global generator sales market is expected to develop at a compound annual growth rate (CAGR) of 4.7%.
Generators are devices that use an electric motor and fuel (diesel, gas, or any other material) to transform mechanical energy into electrical energy that may be used in an external circuit. The transmission and distribution of power lines to industrial, residential, and commercial consumers is the main use for these devices. They are also used to produce electricity for vehicles, railroads, planes, and ships.
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Growth Drivers
The number and size of industries worldwide, including those in power generation, healthcare, and other sectors, have increased enormously in recent years. For the smooth running of these enterprises, a continuous supply of energy and power is necessary. Furthermore, because blackouts and natural disasters are occurring more frequently, there is a growing global demand for electricity.
The global market for generator sales is growing as a result of all these reasons, which also increase demand for generators. In order to meet the growing demand from end customers, the top companies in the global generator sales market also place a strong emphasis on creating and launching novel, cutting-edge goods. In the upcoming years, the introduction of these cutting-edge goods by industry participants is expected to significantly accelerate the expansion of the generator sales market as a whole.
Other significant factors propelling the growth of the global generator sales market include the world's rapid industrialization, the increasing need for power backup systems, growing environmental concerns, governments' increasing emphasis on electrifying rural areas, and the rapidly growing manufacturing sector.
Generator Sales Market Segmentation
By Fuel Type:
· Diesel
· Gas
· Others
By Application:
· Standby
· Prime & Continuous
· Peak Shaving
By End User:
· Industrial
· Commercial
· Residential
By Rating:
· Below 100 kVA
· 100–350 kVA
· 350–1,000 kVA
· 1,000–2,500 kVA
· 2,500–5,000 kVA
· Above 5,000 kVA
By Portability:
· Stationary
· Portable
By Sales Channel:
· Direct
· Indirect
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Key Companies in Generator Sales Market:
The research report offers a competitive analysis of prominent companies operating in the global generator sales market. Some of the leading players profiled in the market research report include:
· Caterpillar
· Cummins
· Kohler-SDMO
· Generac
· Aksa
· Himoinsa
· ABB
· Denyo Co. Ltd.
· Doosan
· Cooper Corp.
· Mitsubishi Heavy Industries Ltd.
· Other Players
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