NEW YORK, Nov. 30, 2021 /PRNewswire/ -- The electric generators market share growth by the diesel segment will be significant for the revenue generation. The electric generators market estimates that the market is set to grow by USD 4.09 billion from 2020 to 2025. The report offers a detailed analysis of the new opportunities that market players can expect. In addition, the report projects the market to progress at a CAGR of 3.32%.
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Electric Generators Market: Drivers
Increasing demand for uninterrupted power supply among end-users to drive growth
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 excelling power infrastructure worldwide.
Rapid growth in urbanization to support the electric generators market share growth
Rapid growth in urbanization, particularly 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 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.
Electric Generators Market: Segmentation Analysis
This market research report segments the electric generators market by Type (diesel, gasoline, and others) and Geography (APAC, Europe, North America, MEA, and South America).
The APAC will lead the electric generators market with 44% of growth from the region. Factors such as the growing urban population and the low-quality power infrastructure are accelerating the electric generators market growth in APAC.
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Low Voltage (LV) Diesel Generators Market -The global low voltage diesel generators (LVDGs) market has the potential to grow by USD 4.62 billion during 2020-2024. Download a free sample now!
Low and Medium Capacity Gas Generator Market -The low and medium capacity gas generator market size is expected to grow by USD 3.48 billion and record a CAGR of 12.48% during 2021-2025. Download a free sample now!
Electric Generators Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.32%
Market growth 2021-2025
USD 4.09 billion
YoY growth (%)
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 44%
Key consumer countries
China, US, India, UK, and Germany
Leading companies, competitive strategies, consumer engagement scope
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
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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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