Stationary Generator Market by Product, Type, and Geography - Forecast and Analysis 2022-2026

The stationary generator market share is expected to increase by USD 7.20 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.64%.

This stationary generator 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 stationary generator market segmentation by product (diesel and gas), type (less than 300 kW, 301 kW to 800 kW, and greater than 800 kW), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The stationary generator market report also offers information on several market vendors, including Aggreko Plc, APR Energy, Atlas Copco AB, Briggs and Stratton LLC, Caterpillar Inc., Cummins Inc., Daewoo International Corp., Generac Power Systems Inc., Honeywell International Inc., Hyundai Heavy Industries Group, Kirloskar Electric Co. Ltd., Kohler Co., Mitsubishi Heavy Industries Ltd., Multiquip Inc., Quanta Services Inc., Rolls-Royce Plc, Scotts Emergency Lighting and Power Generation Inc., Siemens AG, Wartsila Corp., and Yanmar Holdings Co. Ltd. among others.

What will the Stationary Generator Market Size be During the Forecast Period?

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Stationary Generator Market: Key Drivers, Trends, and Challenges

The rising demand for uninterrupted power is notably driving the stationary generator market growth, although factors such as the availability of alternatives for power backup may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the stationary generator industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Stationary Generator Market Driver

One of the key factors driving growth in the stationary generator market is the rising demand for uninterrupted power. The demand for energy across the world is rising rapidly, which is primarily due to a supply-demand imbalance and the growing focus on economic development, especially investments related to industrialization. Therefore, the need to mitigate power interruptions has led to substantial investments to enhance the power infrastructure in developed and developing countries. The aging of the power infrastructure has been a key concern for many countries as it increases the strain on power grids, which is a key cause of power disruptions in utilities. The frequency of power outages, which are usually caused by natural disasters, distribution station failure, load shedding, maintenance shutdown, vandalism, and cyberattacks, has also increased in developed countries such as the US and the UK. End-users are adopting stationary power generators to address the need for power during outages and shortages. Hence, the growing frequency of power grid failures is likely to drive the growth of the global stationary generator market during the forecast period.

Key Stationary Generator Market Trend

The technological advances in generators is another factor supporting the stationary generator market share growth. The fuel used in stationary generators represents a substantial part of the overall operating cost of the end-users. The cost of fuel was volatile in the last decade as the price of oil and gas recorded periods of lows and highs depending on the demand-supply dynamics. Technological advances have made it possible for vendors to design dual-fuel and tri-fuel systems that enable diesel engines to operate on CNG without incorporating any prominent and permanent changes in the engines. Such systems are affordable and operationally reliable. The dual-fuel system is also believed to serve better under ideal operating conditions. The adoption of such generators is increasing among preppers or survivalists that need to be prepared for emergency situations. Most people tend to purchase generators that can be operated using three different fuels. Thus, when one or two of the fuels are not available, users can have an emergency backup fuel to meet their power needs. Though tri-fuel and dual-fuel generators are currently available as portable generators, their increasing popularity may encourage the major vendors in the global stationary generator market to launch them as standby generators in the coming years.

Key Stationary Generator Market Challenge

The availability of alternatives for power backup will be a major challenge for the stationary generator market during the forecast period. Generators have been the most popular backup power equipment used across the world. However, high fuel, equipment, maintenance, storage, and facility cost and the presence of emission regulations have increased the demand for alternative power backup solutions. For residential consumers, especially, alternative backup solutions that use battery power packs or inverter technology are cost-effective and environment-friendly systems compared with generators. Advances in battery technology have made them powerful to be coupled with onboard inverters that generate adequate AC voltage supply for entire apartments or commercial spaces. Power packs are ideal for residential applications and are expected to provide stiff competition to stationary gas generators. Thus, low and medium-capacity stationary generators will face a challenge from power packs.

This stationary generator 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global stationary generator market as a part of the global heavy electrical equipment market within the global electrical equipment market. 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 stationary generator market during the forecast period.

Who are the Major Stationary Generator Market Vendors?

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

 

• Aggreko Plc
• APR Energy
• Atlas Copco AB
• Briggs and Stratton LLC
• Caterpillar Inc.
• Cummins Inc.
• Daewoo International Corp.
• Generac Power Systems Inc.
• Honeywell International Inc.
• Hyundai Heavy Industries Group
• Kirloskar Electric Co. Ltd.
• Kohler Co.
• Mitsubishi Heavy Industries Ltd.
• Multiquip Inc.
• Quanta Services Inc.
• Rolls-Royce Plc
• Scotts Emergency Lighting and Power Generation Inc.
• Siemens AG
• Wartsila Corp.
• Yanmar Holdings Co. Ltd.

 

This statistical study of the stationary generator market encompasses successful business strategies deployed by the key vendors. The stationary generator market is fragmented and the vendors are deploying growth strategies such as finding ways to differentiate their product offerings in terms of enhanced quality and technological developments in the global market to compete in the market.

Product Insights and News

• aprenergy.com - The company offers one of the largest fleets of mobile containerized generators in the world.

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 stationary generator 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.

Stationary Generator Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the stationary generator 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 Stationary Generator Market?

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50% of the market's growth will originate from APAC during the forecast period. China, Taiwan, and India are the key markets for stationary generators in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The demand for electricity has increased exponentially in APAC due to rapid industrialization and increasing per capita electric power consumption. Consequently, the existing power infrastructure came under tremendous pressure to ensure adequate supply to meet the required power demand. This will facilitate the stationary generator market growth in APAC over the forecast period. 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 Product Segments in the Stationary Generator Market?

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The stationary generator market share growth by the diesel segment will be significant during the forecast period. Unlike gasoline-powered generators, diesel generators need less maintenance and have an enhanced lifetime as they operate at low temperatures and speed. The reduced long-term cost of ownership explains the popularity of stationary diesel generators. Therefore, they are preferred majorly by industrial contractors and commercial buildings. However, increasing concerns over CO2 emission from such generators and the growing trend toward the adoption of environmentally friendly energy resources have resulted in a switch toward the use of natural gas-powered generators. 

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

You may be interested in:

APAC Stationary Generator Market - The market share is projected to reach USD 6.06 billion by 2019.

US Stationary Generator market - The market size has the potential to grow by USD 1.13 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 6.69%. 

Residential Gas Generator market - The market share is expected to increase by USD 691.47 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8%.

Europe Stationary Generator market - The market share is expected to grow at a CAGR of nearly 5% during the forecast period. 

GCC Stationary Generator market - The market share is projected to grow at a CAGR of about 7% during the forecast period. 

Stationary Generator Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.64%
Market growth 2022-2026	$ 7.20 billion
Market structure	Fragmented
YoY growth (%)	5.55
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 50%
Key consumer countries	US, Mexico, China, Taiwan, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aggreko Plc, APR Energy, Atlas Copco AB, Briggs and Stratton LLC, Caterpillar Inc., Cummins Inc., Daewoo International Corp., Generac Power Systems Inc., Honeywell International Inc., Hyundai Heavy Industries Group, Kirloskar Electric Co. Ltd., Kohler Co., Mitsubishi Heavy Industries Ltd., Multiquip Inc., Quanta Services Inc., Rolls-Royce Plc, Scotts Emergency Lighting and Power Generation Inc., Siemens AG, Wartsila Corp., and Yanmar Holdings Co. Ltd.
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 the 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 Stationary Generator Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive stationary generator market growth during the next five years
• Precise estimation of the stationary generator market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the stationary generator industry across APAC, North America, Europe, Middle East and Africa, 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 stationary generator market vendors

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