Product Code: A35390
The global air-cooled generators market was valued at $4.1 billion in 2022, and is projected to reach $7.0 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
An air-cooled generator is a type of electrical generator that utilizes air as the primary medium for dissipating heat generated during its operation. This type of generator typically consists of components such as stator windings, rotor windings, and other electrical elements that produce heat during electricity generation. It is used in smaller-scale applications such as portable generators, small standby generators, and some types of renewable energy systems such as wind turbines. It offers simple in design & operation and does not require complex cooling systems, which makes it more cost-effective and easier to maintain in certain applications.
The rise of remote work and telecommuting trends has contributed to the increased demand for portable power solutions. For instance, as of 2023, 12.7% of full-time employees work from home, while 28.2% work at a hybrid model. With more individuals and businesses seeking flexibility in their work arrangements, there is an increase in need for portable generators to support mobile offices, outdoor workspaces, and off-grid living setups. Whether powering electronic devices, tools, or small appliances, air-cooled generators offer a convenient and efficient solution for delivering essential electricity in remote or temporary settings.
However, the efficiency of air-cooled generators tends to decrease as power output increases. This inefficiency becomes more pronounced in high-power applications where the generator operates near its maximum capacity for extended periods. Consequently, the operational costs such as fuel consumption and maintenance are escalated, posing financial challenges for users seeking cost-effective power solutions. In addition, the cooling effectiveness of air-cooled generators is often compromised in environments with high ambient temperatures or poor air circulation. In such conditions, the generator ability to dissipate heat becomes less efficient, leading to increased operating temperatures and potential performance degradation. All these factors hamper the air-cooled generator market growth.
The compact size, portability, and ease of installation of air-cooled generators make them well-suited for integration with small-scale renewable energy systems. As compared to the larger liquid-cooled generators that require complex installation and maintenance procedures, air-cooled generators are quickly deployed and operated with minimal expertise. This versatility and simplicity make them a preferable choice for homeowners, small businesses, and rural communities seeking reliable backup power solutions to complement their renewable energy investments. All these factors are anticipated to offer new growth opportunities for the air-cooled generator market during the forecast period.
The air-cooled generators market is segmented on the basis of type, system, end user, and region. On the basis of type, the market is bifurcated into portable and stationary. On the basis of system, the market is divided into medium and high. On the basis of end user, the market is classified into residential, industrial, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By type, the portable segment accounted for more than two-thirds of global air-cooled generators market share in 2022 and is expected to maintain its dominance during the forecast period. The increase in frequency and severity of natural disasters and extreme weather events are driving the need for portable power solutions for emergency preparedness and disaster response efforts. Portable air-cooled generators play a crucial role in providing emergency power for essential services, communication networks, medical facilities, and residential buildings during power outages caused by storms, hurricanes, earthquakes, or other emergencies.
By system, the enclosed system segment accounted for three-fourths of global air-cooled generators market share in 2022 and is expected to maintain its dominance during the forecast period. Enclosed systems offer versatility and adaptability for air-cooled generators, allowing for customization and integration with additional features and accessories. These enclosures are designed to accommodate specific requirements such as ventilation systems, exhaust systems, fuel tanks, control panels, and monitoring equipment. By providing a modular and customizable platform, enclosed systems enable seamless integration of ancillary components and facilitate efficient operation and control of air-cooled generators in various applications.
By end user, the residential segment accounted for more than three-fifths of global air-cooled generators market share in 2022 and is expected to maintain its dominance during the forecast period. The aging infrastructure of the electrical grid in many regions has resulted in more frequent power outages, both planned and unplanned. According to the American Society of Civil Engineer, more than 45,000 U.S. bridges and 1 in 5 miles of roads are in poor condition. This unreliability of grid power has prompted to seek alternative solutions to maintain power supply to their residences, driving the demand for air-cooled generators as reliable backup power sources.
Asia-Pacific accounted for less than half of the global air-cooled generators market share in 2022 and is expected to maintain its dominance during the forecast period. Economies in the region continue to develop, there is a surge in need for reliable and portable power solutions to support construction projects, industrial operations, and infrastructure development. According to the International Monetary Fund (IMF), Asia-Pacific region is expected to grow by 4.6 percent in 2023, up from 3.9 percent in 2022. Air-cooled generators provide an efficient and cost-effective means of powering equipment and machinery in remote or temporary locations where access to grid electricity is limited or unreliable. The demand for air-cooled generators is particularly high in industries such as construction, mining, oil and gas, and telecommunications, where continuous power supply is essential for operations.
Key players in the air-cooled generators market include Baker Hughes Company, Briggs & Stratton Corporation, Cummins Inc., GE Vernova, Generac Power Systems, Inc., Honda India Power Products Ltd., Kohler Co., Mitsubishi Heavy Industries, Ltd., Siemens Energy, TOSHIBA CORPORATION, Wartsila, and Yamaha Motor Co.
Apart from these major players, there are other key players in the air-cooled generators market. These include Champion Power Equipment, Eaton Corporation, DeWalt, Westinghouse Electric Corporation, Ryobi Limited, Subaru Corporation, Ingersoll Rand, Techtronic Industries (TTI), Firman Power Equipment, and Subaru Industrial Power Products.
Key findings of the study
- On the basis of type, the portable segment is anticipated to grow at the fastest CAGR of 5.8% during the forecast period.
- By system, the enclosed system segment is anticipated to grow at the fastest CAGR during the forecast period.
- On the basis of end user, the residential segment is anticipated to grow at the fastest CAGR of 5.85% during the forecast period,
- Region-wise, Asia-Pacific has the highest share in 2022 in terms of revenue.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the air-cooled generators market analysis from 2022 to 2032 to identify the prevailing air-cooled generators market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the air-cooled generators market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global air-cooled generators market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Analysis of raw material in a product (by %)
- End user preferences and pain points
- Industry life cycle assessment, by region
- Technology Trend Analysis
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Type
By System
- Enclosed System
- Open Ventilated System
By End User
- Industrial
- Others
- Residential
By Region
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Briggs & Stratton Corporation
- Generac Power Systems, Inc.
- Honda India Power Products Ltd.
- Kohler Co.
- Yamaha Motor Co., Ltd.
- GE Vernova
- Siemens Energy
- Mitsubishi Heavy Industries, Ltd.
- TOSHIBA CORPORATION
- Cummins Inc.
- Wartsila
- Baker Hughes Company
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Value Chain Analysis
- 3.6. Key Regulation Analysis
CHAPTER 4: AIR-COOLED GENERATORS MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Portable
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Stationary
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: AIR-COOLED GENERATORS MARKET, BY SYSTEM
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Enclosed System
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Open Ventilated System
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: AIR-COOLED GENERATORS MARKET, BY END USER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Residential
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Industrial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Others
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: AIR-COOLED GENERATORS MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by System
- 7.2.4. Market size and forecast, by End User
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Type
- 7.2.5.1.2. Market size and forecast, by System
- 7.2.5.1.3. Market size and forecast, by End User
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Type
- 7.2.5.2.2. Market size and forecast, by System
- 7.2.5.2.3. Market size and forecast, by End User
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Type
- 7.2.5.3.2. Market size and forecast, by System
- 7.2.5.3.3. Market size and forecast, by End User
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by System
- 7.3.4. Market size and forecast, by End User
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Type
- 7.3.5.1.2. Market size and forecast, by System
- 7.3.5.1.3. Market size and forecast, by End User
- 7.3.5.2. France
- 7.3.5.2.1. Market size and forecast, by Type
- 7.3.5.2.2. Market size and forecast, by System
- 7.3.5.2.3. Market size and forecast, by End User
- 7.3.5.3. Italy
- 7.3.5.3.1. Market size and forecast, by Type
- 7.3.5.3.2. Market size and forecast, by System
- 7.3.5.3.3. Market size and forecast, by End User
- 7.3.5.4. Spain
- 7.3.5.4.1. Market size and forecast, by Type
- 7.3.5.4.2. Market size and forecast, by System
- 7.3.5.4.3. Market size and forecast, by End User
- 7.3.5.5. UK
- 7.3.5.5.1. Market size and forecast, by Type
- 7.3.5.5.2. Market size and forecast, by System
- 7.3.5.5.3. Market size and forecast, by End User
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Type
- 7.3.5.6.2. Market size and forecast, by System
- 7.3.5.6.3. Market size and forecast, by End User
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by System
- 7.4.4. Market size and forecast, by End User
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Type
- 7.4.5.1.2. Market size and forecast, by System
- 7.4.5.1.3. Market size and forecast, by End User
- 7.4.5.2. India
- 7.4.5.2.1. Market size and forecast, by Type
- 7.4.5.2.2. Market size and forecast, by System
- 7.4.5.2.3. Market size and forecast, by End User
- 7.4.5.3. Japan
- 7.4.5.3.1. Market size and forecast, by Type
- 7.4.5.3.2. Market size and forecast, by System
- 7.4.5.3.3. Market size and forecast, by End User
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Type
- 7.4.5.4.2. Market size and forecast, by System
- 7.4.5.4.3. Market size and forecast, by End User
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Type
- 7.4.5.5.2. Market size and forecast, by System
- 7.4.5.5.3. Market size and forecast, by End User
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Type
- 7.4.5.6.2. Market size and forecast, by System
- 7.4.5.6.3. Market size and forecast, by End User
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by System
- 7.5.4. Market size and forecast, by End User
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Type
- 7.5.5.1.2. Market size and forecast, by System
- 7.5.5.1.3. Market size and forecast, by End User
- 7.5.5.2. South Africa
- 7.5.5.2.1. Market size and forecast, by Type
- 7.5.5.2.2. Market size and forecast, by System
- 7.5.5.2.3. Market size and forecast, by End User
- 7.5.5.3. Saudi Arabia
- 7.5.5.3.1. Market size and forecast, by Type
- 7.5.5.3.2. Market size and forecast, by System
- 7.5.5.3.3. Market size and forecast, by End User
- 7.5.5.4. Rest of LAMEA
- 7.5.5.4.1. Market size and forecast, by Type
- 7.5.5.4.2. Market size and forecast, by System
- 7.5.5.4.3. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Briggs & Stratton Corporation
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Generac Power Systems, Inc.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Honda India Power Products Ltd.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Kohler Co.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Yamaha Motor Co., Ltd.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. GE Vernova
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Siemens Energy
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Mitsubishi Heavy Industries, Ltd.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. TOSHIBA CORPORATION
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Cummins Inc.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments
- 9.11. Wartsila
- 9.11.1. Company overview
- 9.11.2. Key executives
- 9.11.3. Company snapshot
- 9.11.4. Operating business segments
- 9.11.5. Product portfolio
- 9.11.6. Business performance
- 9.11.7. Key strategic moves and developments
- 9.12. Baker Hughes Company
- 9.12.1. Company overview
- 9.12.2. Key executives
- 9.12.3. Company snapshot
- 9.12.4. Operating business segments
- 9.12.5. Product portfolio
- 9.12.6. Business performance
- 9.12.7. Key strategic moves and developments