Market Outlook

According to Future Market Consulting analysis, Global Industrial Generator Market size was valued at USD 21.23 Billion in 2021 and is projected to reach USD 32.89 Billion by 2030, growing at a CAGR of 8.27 % during the forecast period from 2022 to 2030.

The development of the economies of numerous countries in the Asia Pacific region has relied heavily on the industrial sector. Increased urbanization is increasing consumer desire for goods and services, which is driving the growth of the manufacturing sector. The governments of some Asian countries have also signed extra-regional trade agreements to position their countries as centers of industrial output. According to the ASEAN Community, the Comprehensive Trade and Economic Agreement could be a move closer to a more extensive free trade zone in within Asia Pacific if it is implemented successfully. It can serve as an appropriate intergovernmental foundation for free trade, promote the development of many industries, and aid the expansion of the manufacturing sector in the area. The growth of the industrial sector has raised the need for generators and power generation equipment in the region.

Diesel engines have a wide range of residential, business, and industrial applications. Carbon dioxide, nitrous oxides and particulates are released when gasoline is burned. The ecosystem and the local population are both harmed by these emissions, which are promptly released into the atmosphere. Several regulations have been implemented globally to reduce the commotion and air pollution brought on by generating units. Every country has created its very own set of laws and regulations to reduce air pollution as environmental concerns have grown. Manufacturers of ship equipment put a lot of effort into developing marine propulsion systems that complies with the various environmental standards established by governments around the globe. This presents a major obstacle for both established and new businesses operating in the region & market.

Key Players

• Caterpillar
• Cummins
• Rolls-Royce Holdings
• Kohler Co.
• Atlas Copco
• Denyo
• Wacker Neuson
• Doosan
• Kirloskar
• Siemens
• ABB
• Yanmar

Segmentation

By Power Rating

• ≤ 75 kVA
• > 75 kVA - 375 kVA
• > 375 KVA - 750 kVA
• > 750 kVA

By Fuel

• Diesel
• Gas
• Other Fuels

By Mobility

• Stationary
• Portable

By Sales Channel

• Direct
• Indirect

By Industry

• Oil & Gas
• Manufacturing
• Construction
• Electric Utilities
• Mining
• Transport & Logistics
• Other Industries

By Region

North America

• S.
• Canada
• Mexico

Europe

• France
• UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Rest of Asia Pacific

Middle East & Africa

• GCC
• South Africa
• Rest of the Middle East & Africa

South America

• Brazil
• Argentina
• Rest of South America