DUBLIN--(BUSINESS WIRE)--The "Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous Power), Power Rating (<100 kVA, 100-350 kVA, 350-1,000 kVA, >1,000 kVA), End-User (Residential, Commercial, Industrial) & Region - Global forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The generator sales market is estimated to be USD 20.93 Billion in 2018 and is projected to grow at a CAGR of 5.41%, during the forecast period, to reach a market size of USD 27.24 Billion by 2023.
The main driver for the generator sales market is the growing demand for uninterrupted and reliable power supply as some of the best power grids are also subject to downtime. The growth of healthcare infrastructure, rising demand for IT infrastructure management, and rapid urbanization in developing countries is also expected to drive the generator sales market during the forecast period. The increasing adoption of energy storage technologies and significant investments in modernizing/upgrading existing transmission and distribution infrastructure can act as restraints for the generator sales market.
Based on the end-users of generators, the industrial end-user segment is estimated to be the fastest-growing market from 2018 to 2023. The segment includes the utility/power generation, oil & gas, and other industries such as mining, marine, chemicals, military, and manufacturing. Growth of the industrial sector in Asia Pacific and the Middle East & Africa is expected to drive the generator sales market.
Based on application, the standby segment is estimated to be the largest market during the forecast period. Standby power generators are used in applications where regular power supply is necessary to carry out operations. The primary function of these generators is to supply emergency power for a limited duration during power outages. Growth of the commercial sector in Asia Pacific and North America is expected to drive the generator sales market.
The leading players in this industry have been profiled with their recent developments and other strategic activities. These include Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US).
- Briggs & Stratton
- MQ Power
- Mitsubishi Heavy Industries
- Rolls-Royce (MTU Onsite Energy)
- Sterling & Wilson
- Wacker Neuson
- Weichai Group
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Generator Sales Market, By Fuel Type
7 Generator Sales Market, By Power Rating
8 Generator Sales Market, By Application
9 Generator Sales Market, By End-User
10 Generator Sales Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/fjbn69/global_generator?w=4