Press release
Stationary Generators Market Emerging Trends, Overview, Share, Global Research, Development, Business Prospects, Companies Analysis, and Forecast 2021-2026 with Prominent Regions and Countries Data
The global stationary generators market size was USD 15.28 billion in 2018 and is projected to reach USD 24.03 billion by 2026, exhibiting a CAGR of 5.9% during the forecast period.
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List of the Key Players Covered in the Report:
Yamaha Motor Corporation, USA (United States)
Kohler-SDMO (France)
John Deere (United States)
Ingersoll Rand (Ireland)
Generac Power Systems (United States)
FG Wilson (United Kingdom)
Cummins Inc. (United States)
Caterpillar Inc. (United States)
American Honda Motor Company, Inc. (United States)
Kirloskar Electric Co. Ltd (India)
PRAMAC (Italy)
Aggreko (United Kingdom)
Briggs & Stratton (United States)
Atlas Copco (Sweden)
Himoinsa (SpaiIn addition to this, the report provides answers to the following questions:
How will the overall industry outlook impact the market?
What are the main factors driving the market growth?
What are the prime hindrances facing the market?
Which regions are expected to present most lucrative opportunities?
Who are the key players in the market and what are their dominant strategies?
What are the major market segments?
Market Restraint
Increasing Demand for Renewables to Impede Market Growth
While escalating demand for electricity is one of the prominent stationary generators market trends, steady rise in the demand for renewables is fast emerging as a formidable inhibiting factor for this market. According to the International Energy Agency (IEA), worldwide supplies of renewable power sources are slated to expand by 50% in the coming five years, driven by solar energy. By 2024, global solar capacity is likely to increase by 600 GW, the IEA notes. Furthermore, the IEA forecasts that the total share of renewable sources in electricity generation across the globe will reach 30% by 2024, displaying a 4% rise from current levels. Higher deployment of renewables will eschew the need to install or set up fossil fuel-powered electricity generating machines, thereby hindering the stationary genset market growth.
Regional Analysis
Exciting Growth Opportunities Await Global Players in Asia-Pacific, Middle East, and Africa
The market size in Asia-Pacific stood at USD 5.54 billion in 2018 and the region is anticipated to dominate the stationary generator market share in the near future. The main reason attributable to this is soaring demand for energy and power in India and China fuelled by their large populations.
In the Middle East, heightened oil and gas exploration operations will boost the market, while in Africa lack of grid infrastructure will create several opportunities. Strong presence of technology leaders is expected to sustain the market in North America, whereas extensive utilization of stationary gensets by the automotive industry will propel the market in Europe.
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Key Market Segmentation:
1. By Fuel
Diesel
Gas
Others
2. By Power Rating
Below 75KVA
75-375kVA
375-750kVA
Above 750kVA
3. By Application
Continuous Load
Peak Load
Standby Load
Standby Load
4. By End-User
Mining
Oil & Gas
Construction
Residential
Marine
Manufacturing
Pharmaceuticals
Commercial
Others
5. By Region
North America (U.S. and Canada)
Europe (UK, Germany, France, Italy, Russia, and Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, and Rest of Asia-Pacific)
Middle East & Africa (GCC, South Africa, and Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
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Competitive Landscape
Prominent Players to Focus on R&D-based Innovation
The stationary generators market analysis indicates that the competition in this market is set to get intense as core companies direct their investments toward enhancing R&D capacity. These investments will aid players to launch innovative solutions for consumers and deepen their footprint in the market.
Industry Developments:
March 2020: Headquartered in Illinois, the world's largest construction equipment maker Caterpillar Inc. launched six innovative 50-Hz standby ratings to diversify its diesel generator offerings. The ratings will enable the reduction in maintenance, transportation, and installation costs, while maintaining power density.
September 2019: The Japanese automotive major Toyota Motor Corporation announced its successful development of a stationary fuel cell generator, or FC generator. Exploiting the fuel cell system that the company's Mirai Fuel Cell Electric Vehicle is equipped with, Toyota has installed the FC generator in its Honsha Plant in Toyota City, Aichi.
Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends - For Major Countries
Latest Technological Advancement
Regulatory Landscape
Industry SWOT Analysis
Porters Five Forces Analysis
Global Stationary Generators Market Analysis (USD Billion), Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Fuel
Diesel
Gas
Others
Market Analysis, Insights and Forecast - By Power Rating
Below 75kVA
75-375kVA
375-750kVA
Above 750kVA
Market Analysis, Insights and Forecast - By Application
Continuous Load
Peak Load
Standby Load
Market Analysis, Insights and Forecast - By End User
Mining
Oil & Gas
Construction
Residential
Marine
Manufacturing
Pharmaceuticals
Commercial
Others
Market Analysis, Insights and Forecast - By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
North America Stationary Generators Market Analysis (USD Billion), Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Fuel
Diesel
Gas
Others
Market Analysis, Insights and Forecast - By Power Rating
Below 75kVA
75-375kVA
375-750kVA
Above 750kVA
Market Analysis, Insights and Forecast - By Application
Continuous Load
Peak Load
Standby Load
Market Analysis, Insights and Forecast - By End User
Mining
Oil & Gas
Construction
Residential
Marine
Manufacturing
Pharmaceuticals
Commercial
Others
Market Analysis, Insights and Forecast - By Country
U.S.
Canada
TOC Continued…
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