Generator Sales Market worth $28.6 billion by 2027 – Emerging Trends and Opportunities Analysis

 According to the new market research report "Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (Up to 50 kW, 51–280 kW, 281-500 kW, 501-2000 kW, 2001-3500 kW, Above 3500 kW), Application (Standby, Continuous), End User, Design, Sales Channel, Region - Global Forecast to 2027", published by MarketsandMarkets™, the Generator Sales Market is expected to grow from an estimated USD 21.6 billion in 2022 to USD 28.6 billion in 2027, at a CAGR of 5.8% during the forecast period. Generators are machines that convert mechanical energy into electrical energy. They play a major role in bridging the gap between power demand and supply. Internal combustion engines produce mechanical energy, which can be converted into electrical energy through generators. The generators considered in this study are compact packages that consist of an internal combustion engine, alternators, and other accessories, such as transfer switches, integrated power systems, paralleling systems, and remote monitoring systems. The rapid expansion of the industrial sector along with Surging demand for uninterrupted & reliable power supply to drive demand for backup power generation is expected to drive the demand for global Generator Sales.

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The Diesel generator segment, by fuel type, is expected to be the most significant Generator Sales Market during the forecast period

The diesel segment has the largest share of the global Generator Sales Market owing to the increasing urbanization and industrialization in the developing economies. Incidents such as the power shortages in Japan and China and the large-scale outages in Pakistan and Chinese Taipei in the first half of 2021 have created the need for backup power in the Asia Pacific region. China and India were both subject to electricity supply shortages in September and October of 2021, which mainly affected industrial consumers.

 

The 51-280 kW segment, by power rating, is expected to be the largest Generator Sales Market during the forecast period

The 51-280 kW segment is expected to have the largest market share during the forecast period. 51–280 kW capacity generators are mostly used in construction, telecom, mining, and small oil & gas projects for prime or continuous power solutions. The infrastructure/construction sector is highly responsible for propelling the overall demand for generators with this power rating. The increasing need for power in construction activities and continuous investments by governments worldwide on infrastructure projects are expected to promote the growth of the 51–280 kW Generator Sales Market during the forecast period.

Browse in-depth TOC on "Generator Sales Market"

281 – Tables

74 – Figures

334 – Pages

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The industrial segment, by end user, is expected to be the largest Generator Sales Market during the forecast period

The industrial segment is expected to have the largest market share during the forecast period. Industrial generators ensure that there is a continuous supply of power in the event of power failure from the grid system and guarantee efficient performance of equipment. Diesel generators are widely used in mining operations worldwide, providing over 70% of all the power needed in mining operations by heavy-duty equipment. In this study, the industrial end users are segmented into utilities/power generation, oil & gas, chemicals & petrochemicals, mining & metals, manufacturing, marine, construction, and other industries. Other industries include agriculture, transportation, and aerospace & defense industries. The generator market is driven by the rapidly expanding global population and the urbanization of cities throughout the world.

Asia Pacific is expected to dominate the global Generator Sales Market during the forecast period

In this report, the Generator Sales Market has been analyzed for 5 regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to lead the market during the forecast period.

The poor transmission & distribution network in the developing nations of the region, along with the boom in the manufacturing sector are creating a demand for power in the region, consequently resulting in a demand for generators. The industrial sector in China contributes more than 50% of its GDP, and the growth of this sector has tremendously increased power production and consumption in the country. These factors have made China one of the most lucrative markets for the power industry. The increasing middle-class population and growing per capita income are creating growth opportunities for the healthcare sector, while the growing population and rising per capita income are the key drivers behind the growing demand for energy in the Asia Pacific region.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Generator Sales Market. These include Cummins (US), Caterpillar (US), Rolls Royce (UK), Generac (US), Mitsubishi Heavy Industries, Ltd. (Japan), and Yanmar (Japan). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.

Browse Related Reports:

Portable Generator Market by Fuel (Gasoline, Diesel, Natural Gas, Others), Application (Emergency, Prime/Continuous), Power Rating (below 5 kW, 5–10 kW, 10–20 kW), End User (Residential, Commercial, Industrial), and Region - Global Forecast to 2026

https://www.marketsandmarkets.com/Market-Reports/portable-generator-market-195875841.html 

Asia Pacific Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (<100kVA, 100-350kVA, 350-1000-2500kVA, 2500-5000kVA, >5000kVA), Application (Standby, Continuous, Peak Shaving), End-User, Country - Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/asia-pacific-generator-sales-market-150307902.html 

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Industrial Counterweights Market Research on Growth, Trends, Opportunity and Forecast to 2026

New Revenue Pockets: 

The industrial counterweights market is expected to grow from an estimated USD 6.7 million in 2021 to USD 8.5 million by 2026, at a CAGR of 4.5% during the forecast period. Cast iron, followed by carbon steel, is widely used in the manufacturing of industrial counterweights. Increasing demand from logistics in industrial environment are expected to offer lucrative opportunities for the industrial counterweights market during the forecast period.  

Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. Rest of Asia Pacific includes Singapore and Malaysia. The region is the most populated region in the world and is expected to become the largest industrial counterweights deploying region globally. It comprises many developing countries and requires automated substations in all industries to increase efficiency of the industry by increasing productivity. APAC is a growing market for industrial counterweights in various applications, such as construction, logistics, metal and mining, due to its fast-growing economies. The market in China is expected to grow mainly because the number of manufacturing units in China is increasing, which is expected to create a massive demand for industrial counterweights. Another reason for the growth of the industrial counterweights market in APAC is the increase in the number of manufacturing plants in various sectors, such as automotive, food processing, and pharmaceutical industries. Automation is increasing in APAC because of the rising necessity for high-quality products and high-rise buildings, along with the increased production rates. It also helps reduce labor costs and human interference. The demand for counterweights is very high in Asia Pacific owing to the increasing demand of efficiency and stability of equipments.

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The industrial counterweights market, by material, into iron & steel, concrete and others. The material segment, by iron & steel, is projected to hold the highest market share during the forecast period. Various alloys of iron and steel-like are used in manufacturing Industrial Counterweights. The iron material counterweights are made of cast iron, gray cast iron, gray iron, ductile iron, and ductile cast iron; whereas the steel material counterweights are made up of Fabricated steel, cast steel, carbon steel stainless steel. Increasing rate of construction, mostly in Asia Pacific, Europe and the Americas will boost the demand for counterweights.

 

The report segments the industrial counterweights market, by type, into swinging counterweights and fixed counterweights. The fixed counterweights are further classified into fixed frames and floating frames. The market for fixed counterweights is expected to hold the highest market share during the forecast period. As the name suggests, the position of the counterweight is stable in the fixed frame, whereas it is rotating in the floating frame. Fixed counterweights are increasingly adopted across the construction sector due to the high reliability and ease of use offered by them.

The industrial counterweights market, by application, is segmented into elevators, cranes, forklifts, excavators, lifts, and grinding wheels. The cranes segment, by application, is projected to hold the highest market share during the forecast period. , the investments regarding construction in most emerging markets have continued to grow at a moderate rate despite this crisis. Industrial counterweights for cranes are widely used in the construction industry. Earth-moving equipment are mainly used for construction works such as digging the earth, lifting, loading and unloading weights, and leveling. The applications of cranes in earth-moving equipment include heavy loading, high cycle rating, and accurate movement. This has led to increase in demand of industrial counterweights used in cranes. 

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The industrial counterweights market, by end-user, is segmented into industrial manufacturing, marines, mining, agriculture, logistics, renewables, and construction. The construction industry, by end-user, is projected to hold the highest market share during the forecast period. The growth of this segment is driven by overall increase in population has propelled the need for housing, which is fuelling the growth of the construction industry. Construction equipment are being enhanced to manage complex tasks and sustain in critical environments. With rising construction activities across the world and increasing budgets pertaining to construction, the demand for different types of cranes, especially tower cranes for the construction of tall buildings, will increase in emerging countries such as China, India, Brazil, and Middle Eastern countries.

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Small Modular Reactor Market Explore Top Factors that Will Boost the Global Market by 2026

New Revenue Pockets:

The global small modular reactor market is projected to reach USD 11.3 billion by 2026 from an estimated USD 9.7 billion in 2021, at a CAGR of 3.2 % during the forecast period. The global small modular reactor market is driven by the growing need for clean, reliable and flexible power generation and helps in facilitating access to nuclear energy across diverse applications. 

The small modular reactor market has promising growth potential due to the low cost of SMRs due to modularization and factory costruction. Cost optimization from modularization can be expected from construction or pre-assembly of modules in a factory away due to increased labor productivity, quality control, and reduced project management risks. Modularization of SMR has various benefits, such as shortened construction schedules; reductions in construction cost; opportunity for production learning and repeatability; improved constructability, efficient quality control, and assurance; and improved project cash flow. Factory production can use a higher degree of automation and employ other construction technologies which is likely to drive the small modular reactor market.

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The small modular reactor market, by reactor type, is segmented into light-water reactors, heavy-water reactors, fast-neutron reactors, high-temperature reactors and molten salt reactors. The light-water reactor segment holds the largest share of the small modular reactor market, and a similar trend is likely to continue in the near future. Light-water reactor is the most commonly adopted SMR technology owing to the high degree of technological readiness and ease of licensing, as regulators and developers are familiar with this technology. These factors are expected to drive the market for this segment during the forecast period.

The report segments the small modular reactor market, by connectivity, into grid-connected and off-grid. The off-grid segment is expected to hold a larger market share during the forecast period. Off-grid SMRs are small and suited for remote locations where setting up a large nuclear power plant is not feasible. Such reactors provide a clean and flexible alternative to fossil-fuel-fired power generation and other nonelectric applications in remote communities, islands, isolated grid systems, and mining sites. 

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The small modular reactor market, by location, is divided into land and marine. The potential for underground deployment of land reactors, enhanced protection from natural hazards, improved seismic capability, and higher thermal efficiencies are some of the major growth drivers for the land segment. These SMRs also have simpler licensing processes compared with marine SMRs.

The report segments the small modular reactor market, by deployment, into single-module power plants and multi-module power plants. The multi-module power plant segment is projected to hold a larger market share during 2021–2026. The growth of this segment is driven by the ease of financing additional units of SMRs, leading to the economies of series production. Additional modules can be added to the SMR plant, which helps in reducing upfront investments and capital risks, resulting in lower financial costs. In addition, multi-module power plants help avoid long outage periods through unit-by-unit maintenance and allow for staggered refueling.

The small modular reactor market, by application, is categorized into power generation, process heat, deslination,  hydrogen production and industrial application. The power generation segment of the small modular reactor market, by application, accounts for the largest market share among all the other segments owing to its ability to be integrated with renewable energies to provide flexible power and baseload power. The ease of siting and operating flexibility drives the demand for SMRs in the power generation application.

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Asia Pacifc is estimated to be the largest and fastest growing market for small modular reactor during the forecast period. The region has been segmented, by country, into China, Japan, India and South Korea. The growth of the Asia Pacific market is driven by the increasing investments for the deployment of SMRs in countries such as China and Japan. For instance, in China, various SMRs designs, such as the CAP200, the ACP100, the ACPR50S, and the HTR-PM, are being developed for land and marine deployment. Furthermore, the country plans to promote the construction of Generation III coastal nuclear power plants and accelerate the development of SMRs and offshore floating nuclear reactors. In Japan, the government has made several policy reforms to accelerate the decarbonization of the energy sector. For instance, in December 2020, the Japanese government launched a new initiative called Green Growth Strategy to achieve carbon neutrality by 2050.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com