Global Low Power Generator Sets Market is valued at approximately USD 30.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2022-2029. Low Power Generator Sets consist of less than 10KW power. The low-power generator sets are usually transportable and are ready to use anytime, without any additional installation. It is used as an emergency backup of power in residential, commercial, and industrial sectors. Power generator sets are used in areas where there is a need for continuous power generation. It is commonly used in areas where there isare a frequent power outagesfrequent power outages and this becomes a problem or obstacle in daily chores or major projects. Some of the low-power generator sets are diesel generators and gas generators. All connected oil and gas operations, including drilling, pumping, and loading, can be powered continuously by diesel generators and when it is undesirable or impractical to store a pressurized gas, itgas can be created via a chemical process or from a solid or liquid source using a gas generator. Increasing industrialization, increasing investment in infrastructure development, rising usage of electronic-based equipment, and increasing demand for uninterrupted and reliable power supply are the factors driving the growth of the market.
According to the IBEF India Brand Equity Foundation organization, in India, building infrastructure to reduce logistical costs and boost the economy, Prime Minister Mr. Narendra Modi proposed an Rs. 100 lakh crore master plans for multimodal connectivity in October 2021. Also, India's manufacturing industry received infrastructure investments totaling totalling more than 3 trillion Indian rupees during the 2021 fiscal year. Increasing infrastructure development is the major factor driving the growth of the market as it creates major demand for uninterrupted and reliable energy sources. Other important components driving market increase are increasing industrialization, rising usage of electronic-based equipment, and increasing demand for uninterrupted and reliable power supply. Furthermore, increasing government focus on the generation of clean energy sources and developing commercial facilities such as shopping malls are the factors creating market opportunities in the forecast period. However, the high cost of Low Power Generator Sets stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Low Power Generator Sets Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the growth of the industrial sector in major countries such as India and China, the development of key market players, and low labor and utility costs in the region. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising power demand, the dominance of key market players, and the government's increasing focus on generating clean energy sources in the region.
Major market players included in this report are:
- Ashok Leyland Ltd.
- Atlas Copco GroupAB
- Caterpillar Inc.
- Cooper Corporation
- Cummins Inc.
- Generac Holdings Inc.
- General Electric
- Kohler Co.
- Mitsubishi Heavy Industries Ltd.
- Wartsila Corporation
Recent Developments in the Market:
- In December 2022, Atlas Copco acquired the assets of Suzhou since gas system Co, Ltd, which is a producer of on-site gas generation tools. The business that was acquired will be incorporated into the Compressor Technology Business Area's Industrial Air division. The assets of Suzhou Since Gas System Co., Ltd. (Since Gas), a Chinese manufacturer of on-site gas generation equipment, have been fully acquired by Atlas Copco.
- In July 2021, Cooper Corporation introduced a 5 KVA compact diesel genset, which proved to be the best in terms of fuel usage.
Global Low Power Generator Sets Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Fuel Type, Power Rating, Application, End-use, Industries, Portability, 50-150 kVA Fuel Type, 50-150 kVA Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Fuel Type offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Fuel Type:
By Application:
- Stand-by
- Peak Shaving
- Prime or Continuous Power
By Power Rating:
- 0-50 kVA
- 50-150 kVA
- 151-350 kVA
By End-use:
- Industrial
- Commercial
- Residential
By Industries:
- Construction
- Earth Moving
- Material Handling
- Agri-machinery
- Others
By Portability:
By 50-150 kVA Fuel Type:
By 50-150 kVA Fuel Application:
- Stand-by
- Peak Shaving
- Prime or Continuous Power
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Low Power Generator Sets Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Low Power Generator Sets Market, by Fuel Type, 2019-2029 (USD Billion)
- 1.2.3. Low Power Generator Sets Market, by Power Rating, 2019-2029 (USD Billion)
- 1.2.4. Low Power Generator Sets Market, by Application, 2019-2029 (USD Billion)
- 1.2.5. Low Power Generator Sets Market, by End-use, 2019-2029 (USD Billion)
- 1.2.6. Low Power Generator Sets Market, by Industries, 2019-2029 (USD Billion)
- 1.2.7. Low Power Generator Sets Market, by Portability, 2019-2029 (USD Billion)
- 1.2.8. Low Power Generator Sets Market, by 50-150 kVA Fuel Type, 2019-2029 (USD Billion)
- 1.2.9. Low Power Generator Sets Market, by 50-150 kVA Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Low Power Generator Sets Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Low Power Generator Sets Market Dynamics
- 3.1. Low Power Generator Sets Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing infrastructure development
- 3.1.1.2. Increasing Industrialization
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Low-Power Generator Sets
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing government focus on the generation of clean energy sources
- 3.1.3.2. Developing commercial facilities such as shopping malls
Chapter 4. Global Low Power Generator Sets Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Low Power Generator Sets Market, by Fuel Type
- 6.1. Market Snapshot
- 6.2. Global Low Power Generator Sets Market by Fuel Type, Performance - Potential Analysis
- 6.3. Global Low Power Generator Sets Market Estimates & Forecasts by Fuel Type 2019-2029 (USD Billion)
- 6.4. Low Power Generator Sets Market, Sub Segment Analysis
- 6.4.1. Diesel
- 6.4.2. Gas
- 6.4.3. Hybrid
Chapter 7. Global Low Power Generator Sets Market, by Power Rating
- 7.1. Market Snapshot
- 7.2. Global Low Power Generator Sets Market by Power Rating, Performance - Potential Analysis
- 7.3. Global Low Power Generator Sets Market Estimates & Forecasts by Power Rating 2019-2029 (USD Billion)
- 7.4. Low Power Generator Sets Market, Sub Segment Analysis
- 7.4.1. 0-50 kVA
- 7.4.2. 50-150 kVA
- 7.4.3. 151-350 kVA
Chapter 8. Global Low Power Generator Sets Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Low Power Generator Sets Market by Application, Performance - Potential Analysis
- 8.3. Global Low Power Generator Sets Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Low Power Generator Sets Market, Sub Segment Analysis
- 8.4.1. Stand-by
- 8.4.2. Peak Shaving
- 8.4.3. Prime or Continuous Power
Chapter 9. Global Low Power Generator Sets Market, by End-use
- 9.1. Market Snapshot
- 9.2. Global Low Power Generator Sets Market by End-use, Performance - Potential Analysis
- 9.3. Global Low Power Generator Sets Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
- 9.4. Low Power Generator Sets Market, Sub Segment Analysis
- 9.4.1. Industrial
- 9.4.2. Commercial
- 9.4.3. Residential
Chapter 10. Global Low Power Generator Sets Market, by Industries
- 10.1. Market Snapshot
- 10.2. Global Low Power Generator Sets Market by Industries, Performance - Potential Analysis
- 10.3. Global Low Power Generator Sets Market Estimates & Forecasts by Industries 2019-2029 (USD Billion)
- 10.4. Low Power Generator Sets Market, Sub Segment Analysis
- 10.4.1. Construction
- 10.4.2. Earth Moving
- 10.4.3. Material Handling
- 10.4.4. Agri-machinery
- 10.4.5. Others
Chapter 11. Global Low Power Generator Sets Market, by Portability
- 11.1. Market Snapshot
- 11.2. Global Low Power Generator Sets Market by Portability, Performance - Potential Analysis
- 11.3. Global Low Power Generator Sets Market Estimates & Forecasts by Portability 2019-2029 (USD Billion)
- 11.4. Low Power Generator Sets Market, Sub Segment Analysis
- 11.4.1. Stationary
- 11.4.2. Portable
Chapter 12. Global Low Power Generator Sets Market, by Fuel Type
- 12.1. Market Snapshot
- 12.2. Global Low Power Generator Sets Market by Fuel Type, Performance - Potential Analysis
- 12.3. Global Low Power Generator Sets Market Estimates & Forecasts by Fuel Type 2019-2029 (USD Billion)
- 12.4. Low Power Generator Sets Market, Sub Segment Analysis
- 12.4.1. Diesel
- 12.4.2. Gas
- 12.4.3. Hybrid
Chapter 13. Global Low Power Generator Sets Market, by Application
- 13.1. Market Snapshot
- 13.2. Global Low Power Generator Sets Market by Application, Performance - Potential Analysis
- 13.3. Global Low Power Generator Sets Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 13.4. Low Power Generator Sets Market, Sub Segment Analysis
- 13.4.1. Stand-by
- 13.4.2. Peak Shaving
- 13.4.3. Prime or Continuous Power
Chapter 14. Global Low Power Generator Sets Market, Regional Analysis
- 14.1. Low Power Generator Sets Market, Regional Market Snapshot
- 14.2. North America Low Power Generator Sets Market
- 14.2.1. U.S. Low Power Generator Sets Market
- 14.2.1.1. Fuel Type breakdown estimates & forecasts, 2019-2029
- 14.2.1.2. Power Rating breakdown estimates & forecasts, 2019-2029
- 14.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 14.2.1.4. End-use breakdown estimates & forecasts, 2019-2029
- 14.2.1.5. Industries breakdown estimates & forecasts, 2019-2029
- 14.2.1.6. Portability breakdown estimates & forecasts, 2019-2029
- 14.2.1.7. 50-150 kVA Fuel Type breakdown estimates & forecasts, 2019-2029
- 14.2.1.8. 50-150 kVA Fuel Application breakdown estimates & forecasts, 2019-2029
- 14.2.2. Canada Low Power Generator Sets Market
- 14.3. Europe Low Power Generator Sets Market Snapshot
- 14.3.1. U.K. Low Power Generator Sets Market
- 14.3.2. Germany Low Power Generator Sets Market
- 14.3.3. France Low Power Generator Sets Market
- 14.3.4. Spain Low Power Generator Sets Market
- 14.3.5. Italy Low Power Generator Sets Market
- 14.3.6. Rest of Europe Low Power Generator Sets Market
- 14.4. Asia-Pacific Low Power Generator Sets Market Snapshot
- 14.4.1. China Low Power Generator Sets Market
- 14.4.2. India Low Power Generator Sets Market
- 14.4.3. Japan Low Power Generator Sets Market
- 14.4.4. Australia Low Power Generator Sets Market
- 14.4.5. South Korea Low Power Generator Sets Market
- 14.4.6. Rest of Asia Pacific Low Power Generator Sets Market
- 14.5. Latin America Low Power Generator Sets Market Snapshot
- 14.5.1. Brazil Low Power Generator Sets Market
- 14.5.2. Mexico Low Power Generator Sets Market
- 14.6. Rest of The World Low Power Generator Sets Market
Chapter 15. Competitive Intelligence
- 15.1. Top Market Strategies
- 15.2. Company Profiles
- 15.2.1. Ashok Leyland
- 15.2.1.1. Key Information
- 15.2.1.2. Overview
- 15.2.1.3. Financial (Subject to Data Availability)
- 15.2.1.4. Product Summary
- 15.2.1.5. Recent Developments
- 15.2.2. Atlas Copco AB
- 15.2.3. Caterpillar Inc.
- 15.2.4. Cooper Corporation
- 15.2.5. Cummins Inc.
- 15.2.6. Generac Holdings Inc.
- 15.2.7. General Electric
- 15.2.8. Kohler Co.
- 15.2.9. Mitsubishi Heavy Industries Ltd.
- 15.2.10. Wartsila Corporation
Chapter 16. Research Process
- 16.1. Research Process
- 16.1.1. Data Mining
- 16.1.2. Analysis
- 16.1.3. Market Estimation
- 16.1.4. Validation
- 16.1.5. Publishing
- 16.2. Research Attributes
- 16.3. Research Assumption