An electrical generator is an electrom echanical equipment that convertsmechanical energy or any motive energy to electrical energy. They are the commonly utilized equipment when it comes to harnessing electric power from other sources of energy such as fossil fuel, wind and nuclear. Both Alternating Current (AC) and Direct Current (DC) can be generated from the electrical generators based on the requirements.
In case of outages and power fluctuations, electric generators play a vital role in providing electricity . They are used as backup power supplies and are powerful power-producing machines which are portable too.
The electric generators offer solutions to residential, industrial as well as commercial sectors. The industrial sector includes Oil and gas industry, power generation, utilities, mining, manufacturing, and others. Commercial sector caters to healthcare, Information Technology, data centers, agriculture, construction & real estate etc.
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The electric generators market is driven by a number of factors such as lack of reliable grid infrastructure, demand for steady power supply, low crude oil, and natural gas prices and need for emergency backup power solutions.With the growing working class population, rapid infrastructure development and industrialization, the demand for electric power has grown exponentially.
This has positively influenced the growth of electrical generators market across the globe.Electricity generation by utilities is not sufficient to meet the global demand for power. This has created a favorable space for generator sets to fill in the gap between power generation and consumption. However, the development of renewable sources of energy like solar cells can restrict thegrowth of the electrical generators market.
Also, one of the factors that may limit the growth of generators market is the huge maintenance and operating costs. Some types of generators like diesel generators put pressure on the environment, so their growth rate may be hampered with increasing awareness in the market.
The electric generator market can be segmented on the basis of power generation capacity, fuel source used for generation, end-user applications, product type and the cooling systems used.
1. Power Generation Capacity: The market can be segmented as :
a. 0-100 kVA
b. 100-350 kVA
c. 350-1000 kVA
d. 1000 kVA
2. Fuel Source: The market can be segmented as :
a. Diesel Generators
c. Others (Bi-fuel, natural resources, etc)
3. End Users :
4. Commercial Product Type: The market can be segmented as :
a. AC – stationary field, rotating field, permanent magnet, induction, alternators
b. DC – series, shunt, and compound
5. Cooling Systems: The market can be segmented as :
Geographically, the market is segmented into North America, Africa, Asia Pacific and the Middle East, Europe and South America. Asia Pacific is the largest market by size and would continue to grow at the highest rate. China would be the fastest growing market for generators due to its high economic growth rate.
The new emission norms for diesel and gas generators would also increase the sales growth rate in the US. The policy reforms happening in India supporting the growth of industries also makes it an attractive market.
Some of the key companies in the global electric generator market include Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac Holdings, Inc., Kirloskar Electric Company Ltd., Kohler Co., Mitsubishi Heavy Industries, Ltd., Emerson Electric Co., Siemens AG, Fuji Electric Co. and General Electric Company.
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Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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