Generator Market was valued at USD 1.8 billion in 2021 and expected to grow with a significant growth rate CAGR of 7% between 2022 and 2028. The growth of the generator sales market can be attributed to the increasing demand for uninterrupted and reliable power from a wide range of end users such as residential ittelecom, health care, utilities and power generation, marine, chemical, oil&gas, mining and construction fields. Due to the Corona 19 epidemic, demand for power has decreased significantly. However, governments around the world have been forced to reduce their business activities to minimize the threat of coronavirus. The decline in business activity negatively affected the sale of generators in the short term.
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Top Major Key Players Industries
Caterpillar (US), Cummins (US), Rolls-Royce Holdings (UK), Atlas Copco (Sweden), Mitsubishi Heavy Industries, Ltd. (Japan), Yanmar (Japan), Generac (US), ABB (Switzerland), Siemens Energy (Germany), Briggs & Stratton (US), Wärtsilä (Finland), Weichai Group (China), Kohler Co. (US), Aksa Energy (Turkey), Wacker Neuson (Germany), Greaves Cotton Limited (India), Multiquip Inc.(US), Kirloskar Oil Engines Ltd. (India), Denyo (Japan), Cooper Corp (India), Jubaili Bros (UAE), Southwest Products (US), Sterling & Wilson (India), PCA POWER Co., Ltd (Turkey), and Siam Telemach (Thailand).
On the basis of fuel type
Diesel
Gas
Others (LPG, propane, and bio-diesel)
On the basis of application
Standby
Prime & Continuous
Peak Shaving
On the basis of end user
Industrial
UtilitiesPower Generation
Oil & Gas
Others (Mining, Marine, Chemicals, Military, And Manufacturing Industries)
Commercial
IT & Telecom
Healthcare
Others (data centers, hotels, shopping complexes, malls, and public infrastructure
Residential
On the basis of by power 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
On the basis of by sales channel
Direct
Indirect
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Scope of the Report
The research study analyzes the global Generator industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Generator Market Report
What was the Generator Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Generator Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Generator Market was the market leader in 2022
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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