Global Generator Sets Market Outlook to 2028

Global Generator Sets Market Outlook to 2028

Updated on 26th May 2023 | Market Research Reports | Q2 2023 | Report ID: BR0166

About the Report

The generator sets market is negatively affected by the economic downturn, challenges in the oil & gas industry (oil price collapse) and other end-user markets, geopolitical risks, supply chain constraints, trade conflicts, economic uncertainties, among other factors.


With the outbreak of the COVID-19 pandemic, there is a sharp pullback in economic activity due to mandatory lockdowns and other containment measures. According to the IMF World Economic Outlook published in June 2020, the world economy is set to post a -4.9% GDP growth rate in 2020. That will be a downgrade of 8.2% from January 2020. The impact of COVID-19 pandemic on the energy, automobile, industries has already been profound.


A sharp drop in demand for generators was observed in Q2 2020 in the commercial and industrial segments. This drop is primarily due to a dramatic fall in oil prices that has led to drastic spending cuts in the oil and gas industry, a decline in non-residential construction activity, and deferral of capital spending by telecom and other companies.

 

Nevertheless, the market is expected to fare well in the short term compared to its alternatives (Solar PV, Batteries, etc.). This is due to advantages associated with generator sets (such as Cost, etc.) 

 

The diesel generator sets market share is expected to slowly erode in the years forward due to the increasing adoption of gas and alternative fuel generator sets across the world. Despite the expected reduction in the share, diesel generators are likely to continue its leading position in the global generator sets market during the forecast period.


The market is highly consolidated and fiercely competitive. The major players in the market include - Caterpillar, Cummins, Generac, among others. Owing to the heavy competition, companies are increasing their marketing efforts and providing competitive and attractive pricing, leading to a decline in profitability.
 

Blackridge Research's Global Generator Sets Market report provides insights into the current global and regional market demand scenario and its outlook. The study offers a detailed analysis of various factors instrumental in affecting the growth of the transformers market.


The report also addresses present and future market opportunities, market trends, developments, and the impact of Covid-19 on the generator sets market, important commercial developments, regions, and segments poised for the fastest-growth, competitive landscape. Further, the generator sets market size, and demand forecast, growth rates will also be provided in the report.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Analysis of COVID 19 Impact
  • 3.5 Market Opportunities
  • 3.6 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Fuel
    • 5.1.1 Diesel
    • 5.1.2 Gas
    • 5.1.3 Others
  • 5.2 By Application
    • 5.2.1 Residential
    • 5.2.2 Commercial & Industrial
  • 5.3 By Rating
    • 5.3.1 0-75 kVA
    • 5.3.2 75– 375 kVA
    • 5.3.3 Above 375 kVA

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 South America
  • 6.5 Middle East & Africa

7. Key Company Profiles

  • 7.1 Atlas Copco
  • 7.2 Cummins Inc.
  • 7.3 Caterpillar Inc.
  • 7.4 Generac Holdings, Inc.
  • 7.5 Doosan Corporation
  • 7.6 Himoinsa
  • 7.7 Kirloskar Oil Engines Limited
  • 7.8 Kohler Co.
  • 7.9 Briggs & Stratton
  • 7.10 MTU Onsite Energy

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

  • Gain a deeper understanding of the impact of COVID 19, and oil & gas prices crash on the generator sets market.               
  • Equip yourself with rigorous analysis and forward-looking insight into the generator set market across various regions
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop a strategy
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how demand for different market segments evolve over the next five years
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Who need this report?

  • Generator Set Manufacturers and Distributors
  • Solar PV, Fuel Cell & Battery Manufacturers and Suppliers
  • Government Bodies
  • Industry Organizations
  • Others

  Tables and charts

Global Generator Sets Market Revenue (in USD billion), 2019-2025

Global Generator Sets Market Revenue Share (%), by Fuel, 2019

Global Generator Sets Market Revenue (in USD billion), by Fuel, 2019-2025

Global Generator Sets Market Revenue Share (%), by End Use, 2019

Global Generator Sets Market Revenue (in USD billion), by End Use, 2019-2025

Global Generator Market Sets Revenue Share (%), by Rating, 2019

Others

Detailed list of Tables and Charts are available in the full report.

  What's included

Report - Global Generator Set Market Outlook to 2028.pdf
Market Data - Global Generator Set Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Global Generator Sets Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Global Generator Sets Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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