市场调查报告书
商品编码
1563737
发电机市场:各类型,各燃料类型,各电压,各终端用户,各地区,机会,预测,2017年~2031年Generators Market Assessment, By Type, By Fuel Type, By Voltage, By End-user, By Region, Opportunities and Forecast, 2017-2031F |
根据预测,2024-2031年预测期内,全球发电机市场规模预计将以5.49%的复合年增长率扩大,从2023年的358.9亿美元成长到2031年的550.4亿美元。推动市场对发电机需求的一些因素是对电网不稳定的高需求以及工业和商业部门不断增长的能源需求。此外,发电机是一种可以为住宅、商业和工业部门的各种用途提供稳定能源的解决方案。由于世界面临能源可靠性和气候相关破坏的持续课题,预测期内对发电机的需求将会增加。
此外,发电机在新兴经济体中扮演重要角色。製造、建筑和采矿等行业的关键运作需要持续供电。因此,发电机对于防止代价高昂的停机并确保业务连续性至关重要,这将成为未来几年推动发电机市场规模的驱动力。发电机在各个行业中用作备用,这推动了未来几年对工业发电机市场趋势的需求。
在新兴国家,政府和私部门正在投资各个产业,包括製造业和建筑业。大型工业严重依赖电力来维持设备和系统可靠运作。停电可能导致生产停机,从而造成重大经济损失。为了确保工业的持续运行,减少停电期间的经济损失,发电机是维持备用的最佳选择。
新兴国家正大力投资开发工业用高效能备用电源解决方案。大型发电机经常被用来为商业建筑、工厂和其他基础设施项目提供可靠的电力,确保持续运作和发展。此外,餐厅、零售店和旅馆等商业设施可能会因小规模停电而遭受重大收入损失。大型发电机保证停电期间生产活动的业务连续性,扩大发电机市场规模。
本报告提供全球发电机市场相关调查,提供市场概要,以及各类型,各燃料类型,各电压,各终端用户,各地区趋势,及加入此市场的主要企业简介等资讯。
Global generators market is projected to witness a CAGR of 5.49% during the forecast period 2024-2031, growing from USD 35.89 billion in 2023 to USD 55.04 billion in 2031. The several factors that boost demand for generators in the market are high demand for power grid instability and growing energy demand from industry and commercial sectors. Moreover, generators are a kind of solution which can supply steady energy to residential, commercial, and industrial sectors for different applications. As the world faces continuous issues in energy reliability and climate-related disruptions, the demand for generators will rise in the forecasted period.
Furthermore, the generator plays an essential role in the development of the economy. Sectors such as manufacturing, construction, and mining require continuous power for critical operations. Hence, generators are vital for preventing costly downtime and ensuring business continuity which drive the generator market size in coming years. Generators are used in different industries for backups which driving the demand for the industrial generators market trend in coming years.
Industrial and Commercial Growth to Boost Market Growth
In developing countries, the government and private sector are investing in different sectors such as manufacturing and construction. Large industries are heavily dependent on power to keep equipment, and systems operational without fail. Power outages may lead to production downtime leads to significant financial losses. For the continuous operations in industries and to lower the financial losses during power interruptions, generators are the best options for maintaining backup.
Developing countries are highly investing in the development for efficient power backup solutions for industrial applications. Large generators are frequently used to supply reliable power to commercial buildings, factories, and other infrastructure projects, which ensures continuous operations and development. Moreover, several commercial businesses, such as restaurants, retail outlets, and hotels, may result in significant revenue loss due to small power outages. Large power generators ensure business for continuing production operations during blackouts, which fosters the generator's market size.
For instance, in August 2023, Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. decided to launch a new generator named MGS3100R with a capacity of 3,000 kVA class generator set for commercial and mission-critical facilities. This development helped the company to increase revenue and product portfolio.
Rise in Demand for Reliable Power Sources in Healthcare
Healthcare facilities, including hospitals, medical labs, and clinics, require continuous power to ensure efficient operations. Life-saving equipment such as ventilators, dialysis machines, heart monitors, and surgical equipment are fully dependent on electricity, which creates a high demand for generators in multispecialty hospitals. Generators are the best solution for providing a power backup facility to ensure the devices continue functioning during grid failures.
Frequent power fluctuations cause damage to sensitive medical equipment, vaccines, blood products, and other medicines which leads to high-cost repairs and replacements of affected equipment or products. Generators assist in preventing such issues by providing stable backup power and protecting the equipment and products during downtime. Furthermore, in several regions, power infrastructure is lacking, such as healthcare facilities that depend on generators to ensure continuous care. The need for generators in big facility areas is significant in maintaining reliable access to healthcare services.
In developing countries, the demand for healthcare services is on the rise, which leads to the need for reliable power backup. This results in a high demand for generators in healthcare applications.
For instance, in November 2023, Hitachi Energy launched a new emission-free generator for remote sites and hospital applications. The development will help the company to increase its revenue in the coming years.
Technological Advancements in Generator Design to Pave Market Demand
The upcoming innovations in manufacturing generators improve efficiency, sustainability, and convenience, so the demand for generators is rising among consumers and industries. Innovative technologies are creating generators that lower fuel consumption and increase productivity. Fuel-efficient generators are valuable for sectors such as construction and manufacturing, which have high energy demands.
The latest generator designs focus on portability and ease of use, allowing products to be more compact and lightweight without compromising power output. Increasing noise reduction technology has led to quieter generators, making products more acceptable for home use, outdoor events, hospitals, and businesses. The advancement in generator features opens opportunities for expanding generator adoption in various sectors.
Recent developments related to hybrid generators that can operate on traditional fuel-based renewable energy sources, such as solar or wind power, are becoming more popular in the market. The rise of hybrid systems creates opportunities for the generator market, particularly in regions adopting renewable energy solutions.
Thus, technological advancements in generator design are creating numerous opportunities for growth in the generator market over the forecast years. For instance, in February 2023, Caterpillar Inc. company announced the launch of a new Cat XQ330 mobile diesel generator set. The solution is for standby and prime power applications which meet U.S. EPA Tier 4 Final emission standards.
Standby Generators to Dominate the Global Market Share
Presently, standby generators have a high adoption rate, which makes the segment dominate the global market share. Standby generators ensure essential services, such as lighting, refrigeration, and IT systems, aiding in continuing functioning during blackouts. For some businesses, the power factor is very critical to maintaining operations, working to prevent revenue loss, and avoiding damage to equipment. Moreover, the newly developed standby generators are being designed according to new laws to meet stricter environmental regulations, including lower emissions and better fuel efficiency, driving the growth of the generators market.
In most countries, policy support facilitates standby generators, thereby making the product economically feasible for homeowners and businesses. Thus, several beneficial aspects of standby generators sustain their dominance in the generators market.
Asia-Pacific to Lead the Generators Market Share
Asia-Pacific dominated the share of the global generators market, owing to countries that are largely investing in reliable energy sectors, driving the market in the region. Several countries in the region face power supply issues due to aging infrastructure and inadequate energy production. India, China, Japan, and Thailand are focusing on the manufacturing sector and electrification, which fosters the demand for generators in the region. Additionally, the rise in investments related to infrastructure is expected to be a major factor for market growth during the forecast period. Governments across the region are investing heavily in infrastructure development, including smart cities, industrial parks, and energy projects, which require reliable power sources.
Future Market Scenario (2024 - 2031F)
Advanced generators are expected to be required for commercial applications, helping to shape the future of the generators market.
As environmental concerns push for more sustainable generator technological solutions, energy-efficient generators are expected to gain significance.
The hybrid systems generators is becoming more popular in the residential and commercial sectors which drive the market share for hybrid systems generators in coming years.
As industries and homeowners continue to seek cleaner, efficient, and reliable power solutions which drive the demand for generators in the forecast period.
Key Players Landscape and Outlook
Key players in the generators market are continually developing innovative technologies and working on improvements to meet evolving consumer demands, environmental regulations, and technological advancements. Manufacturers are concerned with supply chain resilience, energy efficiency, and environmental practices, defining the industry's future. Product launches, acquisition, agreement, collaborations, and developing technologies are projected to increase competition in the fast-paced market.
For instance, in April 2024, Cummins Inc. company has decided to launch two new models, C2750D6E and C3000D6EB, with power output of 2750kW and 3000kW, respectively. The products have been engineered specifically for applications such as data centers, healthcare facilities, and waste-water treatment plants.
In June 2024, DEUTZ Company decided to acquire Blue Star Power Systems, Inc. Blue Star Power Systems, Inc. produces generators and gensets in North Mankato, Minnesota, in the United States.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.