Global Generator Sales Market: Overview
A generator is a device which converts
mechanical energy to electrical energy for the purpose of using it in an
external circuit. This is done by an electric motor. It is a very useful device
for electricity generation. The different types of mechanical energy include
internal combustion engines, hand cranks, gas turbines, water turbines, and
steam turbines. These can be converted into electrical energy through
generators.
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Global Generator Sales Market: Segmentation
The global generator sales market is
segmented into its product type, power rating, end-user, and geography. On the
basis of product type, the market is divided into gas, diesel and other types
of generators such as dual fuel, bi-fuel, and alternative fuel gensets. Based
on power rating, the market is segregated into above 1,000 kVA, 351–1,000 kVA,
100–350 kVA and below 100 kVA. On the basis of end-user, the market is
classified into industrial, commercial and residential users. Diversification
of the market on the basis of the region is seen into North America, Latin
America, Asia-Pacific, Europe and the Middle East and Africa.
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Global Generator Sales Market: Growth Factors
The generator sales market is a growing
market owing to factors such as amendment of norms and issuing of favorable
regulations and policies regarding gas and diesel generators, increasing
awareness about the environment, burgeoning urbanization in developing
countries and growing demand for IT facilities and data centers. Opportunities
arising from the introduction of inverter and bi-fuel generators and
electrification of remote and rural areas in developing countries are further
likely to boost the sales in the market. However, there are certain restraining
factors to the market growth which include limited capacity of power
generation, the rise in transmission and distribution expenditure and high
operating and maintenance cost. Also, the key players in the market are
affected by the rise in captive power plants, strict government regulations and
improving energy storage systems which may act as a hindrance to the market
growth.
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Global Generator Sales Market: Regional Analysis
There is a significant demand in the
generator sales worldwide. This growth is especially seen in North America.
Countries such as the U.S. and Canada are the major contributors in this
region. Following North America in its growth is Asia Pacific and Latin
America. This growth can be attributed to the rapid urbanization in these
regions and shift towards cleaner sources of energy for backup and utility
uses. Countries such as Brazil, Mexico, Peru, Chile, China, Japan, Australia,
New Zealand and India have shown a rapid development in the market growth.
Other regions providing a significant share are Europe and the Middle East and
Africa. The growth in these regions is concentrated in countries such as
Germany, the U.K., Spain, France, Belgium, Italy, Luxembourg, Netherlands,
Russia, Poland, South Africa and North Africa.
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Global Generator Sales Market: Competitive Players
Some of the major companies in the
generator sales market include Caterpillar Inc., MTU Onsite Energy, Kohler Co.,
Generac Holdings Inc., Mitsubishi Heavy Industries Ltd., Cummins and Himoinsa
S.L.
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