According to a market report by Lucintel, the future of the global generator sales market looks promising with opportunities in the industrial, commercial, and residential end use industries. The global generator sales market is expected to reach an estimated $34.9 billion by 2028 with a CAGR of 5.9% from 2023 to 2028. The major drivers for this market are increasing demand for uninterrupted and reliable power in various end use industries along with rapid industrialization and growing demand for power backup systems.
In this market, diesel and gas are different segments of generator sales market by fuel type. Lucintel forecasts that diesel will remain the largest segment over the forecast period as it ensures high efficiency, high load operations and incurs lower maintenance cost.
Within this market, industrial segment is projected to record the highest growth from 2023 to 2028 due to increasing demand for diesel & gas generators in developing countries and favorable government policies for supporting energy infrastructure development.
APAC will remain the largest region during the forecast period due to rapid industrialization, rising government support in the form of subsidies and other benefits to encourage the adoption of generators, and increasing focus on developing advanced infrastructures.
Briggs & Stratton, Caterpillar, Cummins, Generac, Kohler, Mitsubishi Heavy Industries, MQ Power, Rolls-Royce, Wacker Neuson, and Wartsila are the major suppliers in the global generator sales market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global generator sales market by fuel type, application, end use industry, sales channel, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Generator Sales Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global generator sales market by fuel type, application, end use industry, sales channel, and region, as follows:
Generator Sales Market by Fuel Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Generator Sales Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Standby
Prime & Continuous
Peak Shaving
Generator Sales Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Industrial
Commercial
Residential
Generator Sales Market by Sales Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
Generator Sales Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global generator sales market by fuel type (diesel, gas, and others), application (standby, prime & continuous, and peak shaving), end use industry (industrial, commercial, and residential), sales channel (direct and indirect), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?