Generator Sales Market Estimated to reach US$ 37.0 Bn by 2026
The global generator sales market is expected to register a healthy growth in the near
future. The growth in demand for power amidst woeful supply in emerging nations is
expected to drive the market. The global generator sales market depicts an extremely
competitive and fragmented landscape. According to a transparency market research
report, the competition is expected to increase as renewable energy and rising diesel
prices make way for diversification and technological advances. Some key players in the
global generator sales market are Caterpillar Inc., Cummins Inc., Himoinsa S.L.,
Generac Holdings Inc., KOEL Green, AKSA Power Generation, Aggreko PLC, Atlas
Copco AB, Kohler Co.
Generators are widely used for supplying uninterrupted and reliable power to
manufacturing plants and various other commercial establishments. Additionally, the
generator sales market also witnessed major growth due low diesel prices, driving
efficient use of these systems. Additionally, new energy generation mediums like solar,
wind, and biodiesel are expected to boost the market growth in the near future.
Research in sustainable energy with focus on storage of energy represents a major
opportunity for growth for key players in the generator sales market.
The global generator sales market was evaluated at $24 bn in 2017. It is expected to
register a robust growth in the near future, at 5% CAGR during 2018-2026. Among the
various types of fuels in the market, the natural gas is expected to register the highest
growth in the near future. Natural gas is expected to create several new opportunities for
growth in the market due to low VOCs emission, low price, and high level of pollution of
diesel generators. The highly flammable nature of natural gas can limit the expansion of
the generator sales market. Moreover, the global generator sales market in Middle East
& Africa is expected to witness substantial growth.
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