In many parts of the developing world, providing electricity access for all remains a serious challenge. To counter electricity shortage, electric generators are considerably used in every part of the world. Growing economies, burgeoning and urbanizing middle classes across the prominent regions provide an ideal platform for a promising growth outlook. Electric generators are utilized in residential, commercial, and industrial applications as a backup power source. They are offered on the basis of fuel type, notably diesel and natural gas. In the forthcoming years, the demand for natural gas electric generators is pegged to outpace that for diesel-based electric generators against the backdrop of growing environmental concerns. In addition, for residential purposes, standby and portable electric generators are gaining traction in the global electric generators market.
Subsequently, the aim of the study is to analyze the most recent trends and dynamics in the global and regional electric generators market.
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Companies in the electric generators market have developed an array of strategies to enhance penetration in the residential electric generators market. These include increasing awareness, affordability and availability, optimizing innovative sales and improving marketing techniques.
Electric Generators Market: Market Segmentation
The global electric generators market can be segmented on the basis of application, power rating, fuel type, and region.
On the basis of application, the global electric generators market has been segmented as:
On the basis of power rating, the global electric generators market has been segmented as:
Less than 60 kW
60 kW – 300 kW
300 kW – 1 MW
Greater than 1 MW
On the basis of fuel type, the global electric generators market has been segmented as:
Gasoline and Other Fuels
Electric Generators Market: Regional Outlook
Geographic location and low population densities of villages with low access to electricity make certain regions lucrative for the pragmatic growth of the electric generators market. Aging and underinvested electric grids, increasing power outages and favorable demographics are some of the long-term growth propagators in the electric generators market. Furthermore, the regulatory environment regarding natural gas is driving the demand for gaseous-fueled electric generators in North America. Despite the increase in electricity generation in India and SEAP, these regions face a structural shortage of power. For residential consumers, this constraint is most evident during periods of peak demand, which has compelled households to invest in electric generators as back-up. In remote areas of ASEAN, small diesel-powered electric generators continue to play a key albeit diminishing role in providing electricity.
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Electric Generators Market: Market Participants
Examples of some of the key market participants in the global electric generators market discerned across the value chain include:
Generac Power Systems
Briggs & Stratton Corporation
The electric generators market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The electric generators research report provides analysis and information according to market segments such as geographies, application, and industry.
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