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Electric Generators Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR43083
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The electric generators market share is expected to increase by USD 4.09 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.32%.

This electric generators market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric generators market segmentations by type (diesel, gasoline, and others) and geography (APAC, Europe, North America, MEA, and South America). The electric generators market report also offers information on several market vendors, including ABB Ltd., Briggs and Stratton LLC, Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Greaves Cotton Ltd., Honda Motor Co. Ltd., Multiquip Inc., Siemens AG, and Wacker Neuson SE among others.

What will the Electric Generators Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Electric Generators Market Size for the Forecast Period and Other Important Statistics

 

Electric Generators Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for uninterrupted power supply among end-users is notably driving the electric generators market growth, although factors such as high maintenance and operation cost of generators may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric generators industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Generators Market Driver

One of the key factors driving growth in the electric generators market is the increasing demand for uninterrupted power supply among end-users. The focus on economic development and increasing investments in industrialization is raising the demand for electric energy across the world. Most commercial and industrial sectors depend on the continuous and uninterrupted power supply to prevent damage to equipment, loss of service, and data loss. The need for reducing power interruptions has increased investments in improving power infrastructure worldwide. 

Key Electric Generators Market Trend

The rapid growth in urbanization is another major factor supporting the electric generators market share growth. Rapid growth in urbanization, primarily in developing countries, has led to the development of numerous megacities. The number of megacities is expected to increase in developing countries such as China, India, and South Africa. The growth of megacities in various countries has increased the migration of the rural population to urban areas. The increase in the construction of residential buildings, commercial sectors, and industrial facilities rises the need for various machinery, which, in turn, increases the demand for electric generators that provide uninterrupted power supply during power breakdowns.

This electric generators market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric generators market during the forecast period.

Who are the Major Electric Generators Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Briggs and Stratton LLC
  • Caterpillar Inc.
  • Cummins Inc.
  • Generac Power Systems Inc.
  • Greaves Cotton Ltd.
  • Honda Motor Co. Ltd.
  • Multiquip Inc.
  • Siemens AG
  • Wacker Neuson SE

 

This statistical study of the electric generators market encompasses successful business strategies deployed by the key vendors. The electric generators market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric generators market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Generators Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric generators market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electric Generators Market?

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APAC has been exhibiting a significant growth rate for electric generators market vendors. The electric generators market growth in APAC will be faster than the growth of the market in other regions.

Factors such as the growing urban population and the low-quality power infrastructure are accelerating the electric generators market growth in APAC. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Electric Generators Market?

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The electric generators market share growth by the diesel segment will be significant during the forecast period. The ability to withstand heavy loads, minimum maintenance requirements, reliability, and cost-effectiveness are the major factors for the increasing adoption of diesel generators for various applications.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric generators market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric Generators Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.32%

Market growth 2021-2025

$ 4.09 billion

Market structure

Fragmented

YoY growth (%)

2.83

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 44%

Key consumer countries

China, US, India, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Briggs and Stratton LLC, Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Greaves Cotton Ltd., Honda Motor Co. Ltd., Multiquip Inc., Siemens AG, and Wacker Neuson SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electric Generators Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive electric generators market growth during the next five years
  • Precise estimation of the electric generators market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric generators industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric generators market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Diesel - Market size and forecast 2020-2025
  • Gasoline - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Briggs and Stratton LLC
  • Caterpillar Inc.
  • Cummins Inc.
  • Generac Power Systems Inc.
  • Greaves Cotton Ltd.
  • Honda Motor Co. Ltd.
  • Multiquip Inc.
  • Siemens AG
  • Wacker Neuson SE

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The electric generators market growth will increase by $7464.63 million during 2019-2024.
The electric generators market is expected to grow at a CAGR of 5.82% during 2019-2024.
Technavio has segmented the electric generators market by type (Diesel, Gasoline, and Others) ,distribution channel (Offline distribution channel and Online distribution channel) , and geographic (APAC, Europe, North America, and South America).
ABB Ltd., Briggs & Stratton Corp., Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Greaves Cotton Ltd., Honda Motor Co. Ltd., Multiquip Inc., Siemens AG, Wacker Neuson SE are a few of the key vendors in the electric generators market.
APAC will register the highest growth rate of 51.14% among the other regions. Therefore, the electric generators market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the electric generators market growth are:
  • Increasing demand for uninterrupted power supply among end-users
  • Focus on technological advances
The electric generators market vendors should focus on grabbing business opportunities from the diesel segment as it accounted for the largest market share in the base year.
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