市場調查報告書
商品編碼
1563737
發電機市場:各類型,各燃料類型,各電壓,各終端用戶,各地區,機會,預測,2017年~2031年Generators Market Assessment, By Type, By Fuel Type, By Voltage, By End-user, By Region, Opportunities and Forecast, 2017-2031F |
根據預測,2024-2031年預測期內,全球發電機市場規模預計將以5.49%的複合年增長率擴大,從2023年的358.9億美元成長到2031年的550.4億美元。推動市場對發電機需求的一些因素是對電網不穩定的高需求以及工業和商業部門不斷增長的能源需求。此外,發電機是一種可以為住宅、商業和工業部門的各種用途提供穩定能源的解決方案。由於世界面臨能源可靠性和氣候相關破壞的持續課題,預測期內對發電機的需求將會增加。
此外,發電機在新興經濟體中扮演重要角色。製造、建築和採礦等行業的關鍵運作需要持續供電。因此,發電機對於防止代價高昂的停機並確保業務連續性至關重要,這將成為未來幾年推動發電機市場規模的驅動力。發電機在各個行業中用作備用,這推動了未來幾年對工業發電機市場趨勢的需求。
在新興國家,政府和私部門正在投資各個產業,包括製造業和建築業。大型工業嚴重依賴電力來維持設備和系統可靠運作。停電可能導致生產停機,從而造成重大經濟損失。為了確保工業的持續運行,減少停電期間的經濟損失,發電機是維持備用的最佳選擇。
新興國家正大力投資開發工業用高效能備用電源解決方案。大型發電機經常被用來為商業建築、工廠和其他基礎設施項目提供可靠的電力,確保持續運作和發展。此外,餐廳、零售店和旅館等商業設施可能會因小規模停電而遭受重大收入損失。大型發電機保證停電期間生產活動的業務連續性,擴大發電機市場規模。
本報告提供全球發電機市場相關調查,提供市場概要,以及各類型,各燃料類型,各電壓,各終端用戶,各地區趨勢,及加入此市場的主要企業簡介等資訊。
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.