Generator Market Growth, Future Prospects, Competitive Analysis, and Forecast 2017 – 2025, the Global Generator Market is expected to reach US$ 38.1 Bn by 2025, expanding at a CAGR of 4.9% during the forecast period 2017 to 2025.
Generator refers to a device that converts mechanical energy to electrical energy. It uses various fuel source such as gasoline, diesel and gas as fuel to run the internal combustion engine. Generators are widely used as a source of power backup in various industries, commercial installations and residential buildings.
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Generator market is anticipated to gain thrust with growing demand for uninterrupted power supply during power grid downtime. Operations of commercial establishments such as malls, data centers, hospitals, construction are highly dependent on power supply. Growing power outage due to lack of power generation and grid maintenance activities impacting business operations of commercial installations which in turn is influencing commercial installations to use generators as a power backup source. Thus, fueling the demand for power backup equipment such as generators. Further, growing gap between power generation and power supply resulting in power outage which in turn is anticipated to increase the demand for generators over the forecast period. Moreover, increasing power cuts and voltage fluctuations adversely impact the operations of industries, which in turn is influencing the industries to adopt reliable power backup equipment such as generators to reduce their downtime due to power outage. This in turn is expected to augment the demand for generators over the forecast period (2016-2023). However, high cost of acquisition and increasing use of renewable energy sources such as solar, wind coupled with favorable regulatory policies for use of renewable energy sources is expected to hamper the growth of generator market during the forecast period (2016-2023).
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1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Generator Market Snapshot
2.1.1. Global Generator Market by Fuel Type, 2015
2.1.2. Global Generator Market by Power Rating, 2015
2.1.3. Global Generator Market by End Use, 2015
2.1.4. Global Generator Market by Geography, 2015
2.1.5. Market Drivers, Challenges and Trends
3. Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
4. Global Generator Market Size (US$ Bn), By Fuel Type, 2015 – 2025
4.1.1. Market Share Analysis by Fuel Type, 2015 vs. 2023
4.1.2. Attractive Investment Proportion by Fuel Type
4.2. Diesel Generator
4.3. Gas Generator
4.4. Others (Gasoline)
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