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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Caterpillar Inc. is one of the United States fortune 100 corporations that are engaged in designing, developing, and selling machinery, engines, financial products, and insurance to customers. It is the world’s most known and largest manufacturer of construction and mining equipment. Their products include diesel and natural gas engines, and industrial gas turbines.
Generac Power Systems Inc. is one of the Fortune 1000 companies in the United States, founded in 1959. It is a leading manufacturer of backup power generation products for industrial, commercial, and residential backup generators. Their products for business and industry sectors include industrial generators, mobile generators, light towers, heaters, and pumps. Their home power products include home backup power, clean energy, portable generators, and pressure washers, among others.
Cummins Inc. is a multinational company specialising in manufacturing and designing diesel and alternative fuel engines and generators, and related components and technology. Their power generation products and services are utilised in various sectors such as agriculture, commercial, data centres, mining, and marine, among many other sectors.
Other market players include WeiChai Holdings Group Co., Ltd., Mitsubishi Heavy Industries, Ltd., Siemens AG, and ABB Ltd., among others.
Generator Sales Market Report Snapshots
Generator Sales Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for generator sales reached a size of USD 66.42 billion.
The market is expected to grow at a CAGR of 4.90% during the period 2024-2032.
The generator sales market is expected to reach a value of USD 101.81 billion.
The market is driven by the increasing demand for energy for residential and industrial purposes and the rising demand for backup power services in the manufacturing industry.
The increasing demand for alternative fuel-based generators and the rising demand for hybrid generators are key trends in the market.
The regional markets for the global generator sales market include North America, Europe, the Asia Pacific, Latin America, Middle East and Africa.
The different fuel type includes diesel and gas, among others.
The power ratings in the market include 75kVA, 75-375 kVA, 376-750 kVA, and above 750 kVA.
The applications available in the market include prime and continuous, standby, and peak shaving.
The different end-uses of generator sales include industrial, commercial, and residential.
The key players in the market include Caterpillar Inc., Generac Power Systems, Inc., Cummins Inc., WeiChai Holdings Group Co., Ltd., Mitsubishi Heavy Industries, Ltd., Siemens AG, and ABB Ltd, among others.
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