Research focused on Opening up the Generator Sales Market
Global Generator Sales Market: Overview
A generator is a device which converts mechanical energy into 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 kV. On the basis of end-user, the market is classified as industrial, commercial and residential users. Diversification of the market on the basis of the region is seen in North America, Latin America, Asia-Pacific, Europe and the Middle East and Africa.
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 for 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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