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Global Generators Market: By Type: AC Motors, DC Motors; By Power Generation: Thermal, Hydro, Nuclear, Wind, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

Global Generators Market Outlook

The global generators market stood at a value of around USD 60.5 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4.80% to reach USD 80.1 billion by 2027.

 

AC Motors Segment Holds a Significant Share in the Global Generators Industry

AC motors offer significant advantages, which make them ideal for an industrial setting. These advantages include lower power demand for start-up, improved control over acceleration and current levels, broader customisabilty, and enhanced durability, longevity, and efficiency. In addition to this, the growing demand for AC motors in appliances such as compressors, conveyors, HVAC equipment, and transportation equipment, among others is anticipated to boost the market growth in the forecast period.

 

Global Generators Market

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The Asia Pacific Accounts for a Significant Share in the Market

The rising demand for generators in the commercial sector in the region, owing to the rapid urbanisation, increasing energy demands, and strong foot hold of major market players, is driving the market growth in the region. Additionally, the expansion of the manufacturing sector in countries like India due to favourable government policies and the thriving economy is likely to propel the demand for generators in the forecast period. For instance, the Make in India initiative by the Indian government is anticipated to boost the sales of generators across the country, thus, aiding the market growth in the Asia Pacific.

 

Generator: Market Segmentation

Generator is defined as an electrical equipment which is used for the transmission of power lines to domestic, commercial, automotive, military and defence, aerospace, and industrial sectors by converting mechanical energy into electricity. This mechanical power is usually obtained by rotating a shaft, which is multiplied by rotational or angular velocity.

Based on type, the market can be bifurcated into:

  • AC Motors
  • DC Motors

On the basis of power generation, the market is segmented into:

  • Thermal
  • Hydro
  • Nuclear
  • Wind
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Applications of Generators in Various End Use Industries to Boost the Growth of the Generators Industry

The rising applications of generators in various end use industries, including military and defence, automotive, commercial, industrial, oil and gas, aerospace, and construction, among others, is driving the market. Generators are capable of producing the power required for functioning of equipment used in the above industries, such as  appliances, compressors, and fans, among others. The growing demand for HVAC equipment across the world is likely to provide impetus to the market in the forecast period. In addition to this, the growing popularity of standby generators in the residential sector is anticipated to augment the market. Furthermore, the rising demand for diesel generators in the mining industry in emerging economies is likely to be a major factor driving the market expansion. Hence, the global generators industry is anticipated to attain a significant growth in the forecast period.

 

Key Industry Players in the Global Generators Market

The report gives a detailed analysis of the following key players in the global generators market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB Ltd
  • Siemens AG 
  • Nidec Corporation
  • Cummins Inc.
  • Caterpillar Inc.
  • Mitsubishi Heavy Industries, Ltd.
  • Atlas Copco
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Power Generation, Region
Breakup by Type AC Motors, DC Motors
Breakup by Power Generation Thermal, Hydro, Nuclear, Wind, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd, Siemens AG, Nidec Corporation, Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., Atlas Copco, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Generators Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Generators Historical Market (2017-2021) 
    8.3    Global Generators Market Forecast (2022-2027)
    8.4    Global Generators Market by Type
        8.4.1    AC Motors
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    DC Motors
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Generators Market by Power Generation
        8.5.1    Thermal
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Hydro
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Nuclear
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Wind
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    Global Generators Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    ABB Ltd
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Siemens AG 
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Nidec Corporation
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Cummins Inc.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Caterpillar Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Mitsubishi Heavy Industries, Ltd.
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Atlas Copco
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Generators Market: Key Industry Highlights, 2017 and 2027
2.    Global Generators Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Generators Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Generators Historical Market: Breakup by Power Generation (USD Billion), 2017-2021
5.    Global Generators Market Forecast: Breakup by Power Generation (USD Billion), 2022-2027
6.    Global Generators Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Generators Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Generators Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Generators Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Generators Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Generators Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Generators Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Generators Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Generators Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Generators Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Generators Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Generators Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Generators Market Structure

Key Questions Answered in the Report

In 2021, the global generators market attained a value of nearly USD 60.5 billion.

The market is estimated to grow at a CAGR of 4.80% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 80.1 billion by 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the industry, such as the rising applications of generators in various end use industries, rapid urbanisation and infrastructure development, and thriving manufacturing sector, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing technological advancements and the increasing energy demands.

AC motors and DC motors are the major types of generators in the market.

The market, based on power generation, is segmented into thermal, hydro, nuclear, and wind, among others.

The major players in the industry are ABB Ltd, Siemens AG, Nidec Corporation, Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., and Atlas Copco, among others.

Analyst Review

The global generators market attained a value of USD 60.5 billion in 2021, driven by the rising applications of the product in the automotive, aerospace, and other industries. Aided by the rising investments by key players to enhance the manufacturing capabilities, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.80%. The market is projected to reach USD 80.1 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into AC motors and DC motors. On the basis of power generation, the market is divided into thermal, hydro, nuclear, and wind, among others. The major regional markets for generators are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd, Siemens AG, Nidec Corporation, Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., and Atlas Copco, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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