- Plan for future growth. Often in many industries, many types of equipment and machines require power supply 24/7 otherwise it will cease to work and can cause a substantial financial loss to the organization and essential sectors like healthcare also cannot afford to lose power as it is related to public care. For example, the United States Census Bureau stated in August 2020 that investment in public buildings in the United States was USD 353.3 billion in June 2020, up from USD 332.8 billion in 2019. The industrial segment held the largest market share. This generator has the highest output level compared to other Japanese-made packaged generators. Development of Renewable Energy Sources and Energy Storage Technology. Based on end-user, the market divisions include industrial, commercial, and residential. The manufacturing segment growth is favored by the continual high power requirement to competently run heavy machinery that will propel the demand for gensets globally. The number of affected cases has witnessed a constant rise pushing different nations to adopt numerous combat measures such as national lockdowns and social distancing. Growing need for IT facilities and data centres, as well as increasing urbanization in emerging nations, are expected to boost the . The market is categorized based on end-user: industrial, commercial, and residential. We created the Sales Forecasting Tool to help you prioritize and manage sales opportunities. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of . This way, we ensure that all our clients get reliable insights associated with the market. The last step of the report making revolves around forecasting of the market. With research and development for new and innovative fuel sources as an alternative that can replace conventional fossil fuels, manufacturers have been propelled to launch innovative generators such as hybrid generators and bifuel. The remarkable development in industrialization has led to increasing power demand. Remarkable job and great efforts by your research team. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021, 18.4. Their products for business and industry sectors include industrial generators, mobile generators, light towers, heaters, and pumps. Solar Tracker for Power Generation Market, Increased demand for a reliable power source, Rapid industrialization and rising construction expenditure, Supportive government initiatives across various countries, Ongoing diversification in product portfolios, Increasing exploration and production of oil and gas, Outstanding customer and employee experience, Revenue, profit growth and business model innovation, Cummins India Ltd. introduced the QSK60 G23: 2500-2750 kVA Diesel Generator in August 2021. Join our community of200,000+ professionals from companies like Amazon, American Hospital Association, Microsoft, US Bank, Marsh, Sunlife, 3M, Toyota, Texas A&M University, Pfizer and many more. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Exploration and production of oil and gas are increasing, which will help the economy grow. The constant demand for various minerals and metals to construct goods for various sectors is predicted to drive up demand in the mining industry. We largely focus on the following parameters for forecasting about the market under lens: We assign different weights to the above parameters. Accurate forecasting helps everyone on the team: Sellers can manage their pipeline and focus time more effectively, by identifying the deals they need to close to meet quotas. The rise in the number and scale of industries has created a demand for uninterrupted power and energy supply to ensure smooth functioning of the operations in different sectors . Growing Rural Electrification Programs to Boost Market Growth. The power demand has abruptly increased across developing and developed economies over the years. Market Opportunity Assessment (US$ Mn), 4.5. Besides, the report offers insights into the market trends and highlights key industry developments. The generator sales market is expected to grow from an estimated USD 19. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Fuel Type, 2022-2032, 8.3.3. Use this tool to prioritize and manage sales opportunities. Analysts carry out extensive research using both top-down and bottom up methods. To understand the ongoing market trends and to foresee the future market growth patterns. The United States Census Bureau stated in August 2020 that investment in public buildings in the United States was US$ 353.3 Billion in June 2020, up from US$ 332.8 Billion in 2019. This free sales forecast template helps you keep a handle on key information like unit sales, growth rate, profit margins, and gross profit. us.sales@expertmarketresearch.com, ( United Kingdom ) Gensets convert mechanical energy to provide optimum electrical power for various uses. Value Proportion Analysis by Market Taxonomy, 20.2.2. The different fuel type includes diesel and gas, among others. (The more data you enter the better the forecast). Action Points and Recommendation for Suppliers, 3.3. The global impact of COVID-19 has been unmatched and staggering, with the generator sales market witnessing a lower-than-anticipated demand across all regions compared to the pre-pandemic levels. Governments around the world have initiated plans to provide electricity to rural areas as a major portion of the worlds population resides in rural areas, away from access to the main grid. Accurate sales forecasts allow business leaders to make smarter decisions about things like goal-setting, budgeting, hiring, and other things that affect cash flow. What is the projected market size & growth rate of the Generator Sales Market? Our analysts offer market evaluations and forecasts using the industry-first simulation models. Generator Sales market Outlook (2022-2032) [303 Pages Report] Global demand for generators is expected to be valued at US$ 21.6 Billion in 2022 and is projected to reach US$ 28.6 Billion by 2027, exhibiting a CAGR of 5.8% in the forecast period (2022-2032). Due to this, businesses cannot completely rely on the grid to access power and ensure uninterrupted power supply and invest in generators that supply power on demand, and ensure continuity of the processes in case of a power cut. Based on application, the market segments include prime and continuous, standby, and peak shaving. The rapid growth of industries and increasing urbanisation has led to increased consumption. Here's a breakdown of how to get started with sales forecasting. We appoint data triangulation strategies to explore different areas of the market. Based on end-users, the market is bifurcated into industrial, commercial, and residential. Value Proportion Analysis by Market Taxonomy, 20.14.2. Value Proportion Analysis by Market Taxonomy, 20.6.2. Europe Market Analysis 2015-2021 and Forecast 2022-2032, 17.3. The market is driven by the increasing demand for energy for residential and industrial purposes and the rising demand for backup power services in the manufacturing industry. Consequently, the shutdown of industrial operations has substantially affected this market due to this global pandemic. The market is projected to grow from USD 4.89 billion in 2021 to USD 6.94 billion in 2028 at a CAGR of 5.13% during the 2021-2028 period. Further, a number of international market participants are entering into acquisitions and mergers and implementing new technology to increase commercial capacity to gain a major revenue share. A generator is a converting device that transforms mechanical energy into electrical energy with the help of an electric motor for the purpose of using it in an external circuit. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Also, the 24*7 chat support & direct call services are provided to procure the sample report. The template works by providing you with a space to fill out the details of a prospect, including the customer name, region, what product or program they are looking to purchase, the expected close date, the stage in the sales cycle, and the probability of success. In February 2019, Captiva Energy Solutions Private Limited which is a specialized company in customized industrial generators has been acquired by PR Industrial SRL (Pramac) which is a subsidiary of Generac Holdings Inc. It offers Based on technology, the lead acid battery market can be bifurcated into flooded and VRLA (Valve Regulated Lead-acid). Establish a sales process for your team. The residential segment holds a leading position in the market due to the increasing demand for consistent power backups and increased urbanization. The diesel generator set, which is an integrated power solution, was introduced in India to fulfill the growing power needs of industrial segments such as data centers and large-scale infrastructure projects such as railroads, airports, and other commercial venues. Internet, Communication, Software & Services, Packaging, Construction, Mining & Gases Industry, Banking Financial Services & Insurance Industry, Internet, Communication, Software & Services industry, In September 2020, Moser Energy Systems which manufactures, sells, and leases natural gas generators has announced a partnership with Cummins Inc. which is a manufacturer and distributor of filtration, engines, and power generation products. Fortune Business Insights says that the global market size was USD 24.76 billion in 2020 and is projected to reach USD 38.95 billion by 2028. How to change features. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. We, at Expert Market Research, help you remain ahead of the curve by enabling you to understand the current and future trends in your industry and helping you leverage the knowledge to ensure your optimum growth in the market. The industrial sector accounted for the biggest proportion of the market. This includes drilling of oil and gas wells and building pipelines to maneuver its production to the Gulf Coast, wherever it's increasing its downstream footprint. Oct 20, 2022 (The Expresswire) -- "Generator Market" Insights 2022 By Types, Applications, Regions and Forecast to 2028. No time now? https://www.fortunebusinessinsights.com/industry-reports/generator-sales-market-100492, On 25 January 2022, the cities of Kyrgyzstan and Uzbekistan faced a severe power outage due to grid failure caused by a water drought and a recent explosion in, American Honda Motor Company, Inc. (U.S.), North America (By Power Rating, By Fuel Type, By Application, By End-User, By Country), Europe (By Power Rating, By Fuel Type, By Application, By End-User, By Country), Asia Pacific (By Power Rating, By Fuel Type, By Application, By End-User, By Country), Latin America (By Power Rating, By Fuel Type, By Application, By End-User, By Country), Middle East & Africa (By Power Rating, By Fuel Type, By Application, By End-User, By Country), Rest of Middle East & Africa (By Fuel Type), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. This final option will help you determine where the objections in the market are, and the template then generates charts that can be used to share the analysis. The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032, 13.4. With Dynamics 365 Sales forecasting, we are introducing a new set of capabilities that empower organizations to natively create and manage bottom-up sales forecast processes. Manufacturers Focus on Low Penetration High Growth Markets, 5.2. Select/change the UVI. A more advanced section of the tool is a weighting tab where you can prioritize opportunities in terms of strategic fit, economic impact and feasibility. Pipeline forecasting is a method that analyzes each sales opportunity in the company's pipeline and assigns a value to each lead that shows profitable it might be. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.12.1. The factors that can be attributed to the higher market share of diesel are the higher access easy availability of fuel, ease of storage in different locations and conditions, prevalence of infrastructure for storage and transportation to the required locations with flexibility in the changing load. Additionally, the growing expenditure on national construction to build energy-efficient setups boosts the requirement for gensets. The prevalence of high growth economies in regions like India and China have led to the adoption of generators to fulfill the energy requirements and ensure an uninterrupted energy supply. Their low efficiency has hindered their growth, but the increasing environmental conscience among consumers is anticipated to propel demand in the projected period. Hence, manufacturers are adopting strategies such as mergers & acquisitions to expand their global footprint and add disruptive packaging advancements to their product portfolio. The global generator sales market size has reached a value of more than USD 60.36 billion in 2021. The key players in the market include Caterpillar Inc., Generac Power Systems, Inc., Cummins Inc., WeiChai Holdings Group Co., Ltd., Mitsubishi Heavy Industries, Ltd., Siemens AG, and ABB Ltd, among others. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. The study presented here is based on a Transparency Market Research report titled "Generator Sales (Up to 20 kVA) Market (Power Rating - Up to 5 kVA, 5 to 10 kVA, 10 to 15 kVA, and 15 to 20 . Value Proportion Analysis by Market Taxonomy, 20.9.2. Value Proportion Analysis by Market Taxonomy, 20.7.2. Above 750 kVA Segment is Projected to Experience Significant Growth Due to Technological Advancements in the Segment. The Global Generator Sets Market was valued at USD 72.15 Million in 2021 and is forecast to reach a value of USD 110.73 Million by 2028. Value Proportion Analysis by Market Taxonomy, 20.5.2. Additionally, the demand for generator sales is boosted by rising national building investment in energy-efficient infrastructure. Increased applicability in the mining, oil and gas, communications, and construction industries would have a beneficial impact on market trends. At the global and regional levels, various product manufacturers have been seen supplying devices with varying power ratings. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation. The growing seaborne trades, the increasing spending on infrastructure development, and the rising mining activities are key aspects driving the market growth. Value Proportion Analysis by Market Taxonomy, 20.15.2. The intensifying reach of communication lines needing new telecom stations is projected to boost the telecom segment landscape. Registering a CAGR of 5.9%, the market will exhibit steady growth during the forecast period (2021-2028). Book a 15 min. We use cookies to enhance your experience. Different members of the markets value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Sales Channel , 2022-2032, 11.4. They can also use the online reporting software to understand the different key performance indicators. https://www.verifiedmarketresearch.com/download-sample/?rid=10964, https://www.verifiedmarketresearch.com/ask-for-discount/?rid=10964. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Application, 12.2. What will be your strategy to make top customers shift towards your brand? Rapid infrastructural development, urbanization, and industry in South Korea, China, and India are likely to propel regional development. A genset unit contains multiple components such as an engine, fuel system, alternator, main assembly, cooling & exhaust system, and others to create and manage current effectively. We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032, 20. call. By Power Rating; By Fuel Type; By Application; By End-user; and By Region. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Fuel Type, 8.2. 07 MAY 2020: Choose between 5 or 7 day forecasts; interactive canvas. Aviso is an AI-driven pipeline forecasting tool that integrates seamlessly with your data sources and provides insights into the performance of your sales pipeline. Furthermore, the existence of key market players is likely to drive the regional industry, as will tighten legislation to enhance building energy security. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.5.1. Which significant steps can you take to stay ahead of competitors? Historical Market Value (US$ Mn) and Analysis By End User, 2015-2021, 9.3. Among these segments, diesel holds the largest share in the market. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.10.1. Please be sure to check your SPAM/JUNK folder too. This industry can be divided into continuous, peak load, and standby based on application. The power ratings in the market include 75kVA, 75-375 kVA, 376-750 kVA, and above 750 kVA. T: +1-845-579-5705, Future Market Insights is registered in the state of Delaware as Future Market Insights, Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States, A MARKET ACCESS DMCC Initiative - Dubai, United Arab Emirates. If your sales team isn't consistently using the same stages and steps, you won't be able to predict the likelihood of an opportunity closing. Further, it helps us in delivering the evidence related to market growth rates. For example, the BP Statistical Review of World Energy 2022 stated that the total primary energy consumption equaled 595.15 exajoules in 2021, rising from 564.01 exajoules in 2020 with a year-on-year increment of over 5.8%. Value Proportion Analysis by Market Taxonomy, 20.13.2. Their power generation products and services are utilised in various sectors such as agriculture, commercial, data centres, mining, and marine, among many other sectors. The mechanical energy is then converted to electricity with the help of a generator. Power Generation and Transmission / They utilize the BI-enabled dashboard to deliver real-time market statistics. Industrial processes are slowed by power interruptions and voltage dips. day of the week. According to Fortune Business Insights, the global generator sales market size is projected to grow from USD 26.06 billion in 2021 to USD 38.95 billion in 2028, at CAGR of 5.9% during forecast period. The report was very accurate and as per my requirements. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Design, 13.2. Verifying the collected data in terms of accuracy and reliability. This is a very good piece of work and will be very helpful to us going forward. Growing investments in constructing new sophisticated industrial sector establishments and upgrading existing ones are likely to propel the generator sales market forward. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.7.1. This market has observed numerous small and large-scale participants with well-established production lines to cater to specific end-user industry requirements. Furthermore, the region is expected to grow due to the increasing construction expenditures on domestic and public establishments to promote tourism. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.14.1. Others (LPG, biofuel, coal gas, producer gas, gasoline, and propane gas), 8.4. As a result, the final set of collected data is a combination of different forms of raw statistics. Global Vs. Country Growth Comparison, 20.2.1. Generac Power Systems Inc. is one of the Fortune 1000 companies in the United States, founded in 1959. Add the estimated number of customers, average sale per customer, and average cost per sale. Our experts deliver the best research reports that have revenue generating recommendations. The growing reliance on electronics and electrical equipment to support day-to-day operations among a diverse range of end users will hasten product deployment. Several small and major players with well-established manufacturing lines have entered this market to meet the needs of various end-user industries. Furthermore, increasing expenditures to modernize grid infrastructure and enhance transmission and distribution (T&D) lines may cause certain product acceptance issues. Clean energy adoption is increasing, which might stifle market growth. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.16.1. Residential Segment to Dominate Backed by Rising Investments across Numerous Industrial Segments. The Global Generator Sales Market report provides a holistic evaluation of the market. Why re-invent the wheel? The COVID-19 pandemic had a negative impact on the generator sets market across the globe due to the reduction in power demand, mainly from institutional customers (industrial and commercial sector), as many manufacturing plants and retail businesses were closed during the . We also collect and mix the data from our previous market research reports. Global Market Analysis 2015-2021 and Forecast 2022-2032, By End User, 9.2. Then, add budgets for operating, payroll, and office expenses. This factor is expected to drive the marketplace for power rental solutions, including the future of the generator market. Rapid industrialization and rising construction expenditure are expected to boost the market growth. Verified Market Research uses the latest researching tools to offer accurate data insights. Forecast Factors - Relevance & Impact, 4.6.1. Generator Sales Market was valued at USD 22.30 Billion in 2020 and is projected to reach USD 34.19 Billion by 2028, growing at a CAGR of 5.59% from 2021 to 2028. These generators utilise two sources of energy to supply electricity depending on the need. Latin America Market Analysis 2015-2021 and Forecast 2022-2032, 16.3. The global generator market reached a value of US$ 19.30 Billion in 2021. An Infographic Representation of Generator Sales Market, To get information on various segments, share your queries with us. Others (Hotels, Shopping Complexes, Malls, and Public Infrastructure), 9.4. The major players are Briggs & Stratton, Caterpillar, Cummins, Generac, Kohler, Mitsubishi Heavy Industries, MQ Power, Rolls-Royce, Wacker Neuson and Wartsila. These factors combined have fueled the growth of the Generator Sales Market. The market is expected to grow at a CAGR of 4.90% between 2022 and 2027 to reach a value of USD 80.15 billion by 2027. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. The requirement of uninterrupted power demand and peak and continuous power requirement has made generators or gensets a piece of vital equipment in residential, commercial, and industries. It implements AI-powered predictive analytics to provide highly precise predictions based on your current pipeline and historical trends. Meanwhile, an inaccurate sales forecast leaves sales managers guessing at whether they'll actually hit quota. Different demographics are analyzed individually to give appropriate details about the market. Current and Future Market Projections, 2022-2032, 7. The factors can be credited are the increase in the use of generators in industrial applications and the rise in the number of industries. Increased technological improvements in diesel generators, as well as increased demand for energy from various end-use sectors, are expected to present attractive growth possibilities for the market's leading players in the coming years. 5. The others segment includes gensets working on gasoline, fuel oil, biofuel, wood gas, and others. Rolls-Royce, Caterpillar Inc., Yanmar, Atlas Copco, and Cummins Inc., among others, are the key players operating across the industry. 2021 EMR Business Solutions LLP All Rights Reserved, Home / Energy and Power / The global generator sales market was valued at US$ 21.6 Bn in 2022. Customize & rebrand our tools to save time and look brilliant. The different end-uses of generator sales include industrial, commercial, and residential. 9 billion in 2021 to USD 26. In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met. North America Market Analysis 2015-2021 and Forecast 2022-2032, 15.3. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.13.1. The increased demand for a reliable power source is likely to encourage the sales of generators in a variety of fields. As a result, traditional diesel generator sets are being phased out in favor of bi-fuel generators. The market is expected to grow from USD 28.45 billion in 2022 to USD 42.29 billion in 2029 at a CAGR of 5.8% in the forecast period, 2022-2029. Growing demand for generators to prevent power outages and disruption of normal business activity has stemmed from the increased use of electronically operated equipment. The global generator sales market size was USD 26.73 billion in 2021. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032, 18. In addition, favorable government policies supporting the development of energy infrastructure have aided businesses in increasing the rate of generator adoption. Market Analysis by Tier of Companies, 21.3. For background info, read our Executive Summary: Achieving Corporate Sales Targets. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally. Growing investments in constructing new sophisticated industrial sector establishments, as well as upgrading existing ones, are likely to propel the generator sales market forward. This might limit the potential for generator installation throughout the world. The regional markets for the global generator sales market include North America, Europe, the Asia Pacific, Latin America, Middle East and Africa. 1. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Application, 2022-2032, 12.4. Image source. On the basis of Geography, The Global Generator Sales Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific Generator Sales Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Nearly all countries have imposed lockdowns and strict social distancing measures. The, Toho Gas and MHIET accomplished Successful Test Operation of City Gas and, Rolls-Royce and its distribution partner Knopf & Wallisch (K&W) delivered three mtu customized and containerized, Caterpillar Inc. declared in August 2020 that their, Which are the positive and negative factors impacting the Generator Sales Market. The market is expected to grow at a CAGR of 4.90% between 2022 and 2027 to reach a value of USD 80.15 billion by 2027. Prominent Market Challenges and Impact Assessment, 4.6.4. How can you develop stable and lucrative revenue streams? Demand for generators is expected to positively drive the market over the forecast period owing to the focus of extensive R&D by manufacturers to support the oil and gas sector with the prominent offerings. All the research models are customized to the prerequisites shared by the global clients. Value Proportion Analysis by Market Taxonomy, 20.3.2. The easy obtainability of oil & gas and a considerably rich occurrence of metals & minerals favors the Middle East & Africa. Competitor companys business reports and newsletters, Market drivers and restraints, along with their current and expected impact, Raw material scenario and supply v/s price trends, Regulatory scenario and expected developments, Current capacity and expected capacity additions up to 2027, Network participants such as distributors. The generator sales market is expected to reach a value of USD 80.15 billion. The Diesel segment held the largest market share. Market Definition / Scope / Limitations, 3.1.1. Mechanical energy is provided through an outside source, like internal combustion engines, gas turbines, water turbines, and steam turbines. [334 Pages Report] The global generator sales market is projected to grow from USD 21.6 billion in 2022 to USD 28.6 billion by 2027, at a CAGR of 5.8% during the forecast period. The expansion in the number of industries and the increased usage of generators in industrial applications can be attributed to the causes. Cycle thru descriptors. Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. What are the top players operating in the Generator Sales Market? Historical Market Value (US$ Mn) and Analysis By Sales Channel , 2015-2021, 11.3. Generators can be used in . So, this model will predict sales on a certain day after being provided with a certain set of inputs. The growing funds in evolving new industrial establishments and the progression of the predominant systems are expected to drive the generator sales market growth. Current and Future Market Value (US$ Mn) Projections, 2022-2032, 8. The largest share in the market will be dominated by the Asia Pacific. Based on materials, the printed circuit heat exchanger market can be divided into steel and stainless steel, aluminium, nickel and nickel-based alloys, copper, and titanium and titanium alloys, among Magnetically controlled reactor (MCR)-based type is expected to lead the global static VAR compensator market in the forecast period because of the wide and increased adoption of the device. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021, 17.4. It focuses on critical aspects such as the leading companies' strategies and various segments, including power rating, application, end-user, and fuel type. You need to create a sales forecasting tool to analyze your companys sales opportunities. The Global Generator Sales Market is Segmented on the basis of Fuel Type, Power Rating, End-User, And Geography. The market is divided into four categories: below Up To 50 KW, Up To 10 KW, 1120 KW, 2130 KW, 3140 KW, 4150 KW, 51280 KW, 281500 KW, 5012,000 KW, 2,0013,500 KW, above 3,500 KW, based on power rating. Generator Sales Market Size And Forecast. The report provides a detailed analysis of the market. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.3.1. We use cookies to enhance your experience. The Sales Forecasting Excel Template is designed to help you forecast sales of your products and services. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.17.3. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032, 19.3. Which factors are expected to propel the deployment of genesets in oil & gas operations? Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Market Attractiveness Analysis By End User, 10. North America is set to experience substantial development during the projection period due to the increasing investments to advance the industrial landscape in developed countries like the U.S. and Canada. Simply, input historical data and key forecasts like Growth Rate, Year over Year Change and Gross Profit will be automatically calculated and visually displayed in the Dashboard sheet. The requirement for continuous power supply, which is necessary for the effective operation of heavy machinery and equipment, is favoring the manufacturing segment's expansion. The leftover data is properly validated and its authenticity (of source) is checked before using it further. The number of instances impacted has been steadily increasing, prompting several countries to implement a variety of counter-measures, including national lockdowns and social isolation. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Value Proportion Analysis by Market Taxonomy, 20.12.2. The sudden outbreak of the novel coronavirus has significantly impaired industrial operations across the globe. The products also offer economical initial and operating costs. In 2020, the Asia Pacific market stood at USD 7.91 billion. Historical Market Value (US$ Mn) and Analysis By Fuel Type, 2015-2021, 8.3. What are the key factors driving the market? A significant global population still belongs to rural areas with inadequate access to power grids for most people. Continuous Load Segment to Dominate Backed by Rising Measures to Equip Heavy-Duty Operations. The market is expected to grow at a CAGR of 4.90% during the period 2022-2027. The global generator sales market size was USD 26.73 billion in 2021. Market Attractiveness Analysis By Design, 14. The corporate environment will be positively impacted by rising demand from data centers as a result of increased data usage as a result of the work-from-home regime in numerous sectors. The pandemic has changed common systems around the world. Gensets that run on fuel oil, gasoline, wood gas, and biofuel are included in the others category. To know how our report can help streamline your business, Speak to Analyst, Diesel Generators to Hold Highest Position Due to High Reliability and Lower Costs. These steps will ensure an accurate sales forecast for your business. By continuing to visit this site you agree to our use of cookies: Power Generation, Transmission And Distribution. In the forecast period, the Global Market is anticipated to grow to exhibit a CAGR (Compound Annual Growth Rate) of 5.5%. We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period. How is the Growth Outlook for the Generator Sales Market? Value Proportion Analysis by Market Taxonomy, 20.17.2. All the previous reports are stored in our large in-house data repository. Additionally, promising legislation to support building energy security and the presence of established genset manufacturers is anticipated to boost market progress in the region. The global generator sales market size has reached a value of more than USD 60.36 billion in 2021. Value & Analysis and Forecast by Market Taxonomy, 2015-2032, 20.15.1. Throughout the forecast period, the sodium ion battery market is likely to be dominated by the stationary energy storage segment. Historical Market Value (US$ Mn) and Analysis By Region, 2015-2021, 13.3. The growing costs of constructing modern structures in developing nations are projected to encourage the expansion of this construction industry. It is a leading manufacturer of backup power generation products for industrial, commercial, and residential backup generators. The increase in the demand for power has exceeded the power supply capacity in many countries, especially in developing countries. This helps in exploring the market from different dimensions. The oil & gas sector is anticipated to hold the central position among various industries due to the increasing funds to explore reservoirs and discover new assets. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032, 18.3. Different nations are bound to abide by stringent regulations to integrate low-carbon generation technologies to lower carbon footprint. Based on fuel type, the market can be divided into diesel and gas, among others. Others (Agriculture, Transportation, and Aerospace & Defense), 9.3.2.4. Manufacturers are also increasing their development of generators to support industrial operations as these generators will help with power supply during an event of failure. Furthermore, the growing investments to produce hydrocarbons from reserves have favored the market at the global level. The frequent unveiling of new gensets with superior fuel efficiency and high power output is set to propel the above 750 kVA segment outlook. The section illustrates how the different power ratings of the generator have the biggest share and the highest CAGR growth, which is also based on the generator's use, estimated lifespan, and the working load to be managed. Market Value Proportion Analysis, By Key Countries, 20.1.2. These factors have led Ais-Pacific to account for the largest share in the Generator Sales Market. ( USA & Canada ) Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032, 17. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Moreover, since the event of hydraulic fracturing, the U.S. has maintained its position among the world's highest oil-producing countries. Deployment Targets to curb greenhouse gas emissions may hinder the market in Asia Pacific 2020! The help of embedded analytics, the growing costs of constructing modern structures in remote locations will likely below! Shutdown of industrial and household equipment due to our use of generators in a significant increase the. Mitsubishi Heavy industries Engine & Turbocharger, Ltd. ( MHIET ) leading manufacturer construction Plans to invest US $ Mn ) & Analysis and Forecast by Taxonomy! 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