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Generator (Up to 20 kVA) Market | Business Economic Outlook, Growth Share, Future Trends & Forecast 2027
Generator (Up to 20 kVA) Market
The requirement for up to 20 kVA generators in the residential and commercial sectors in the Middle East & Africa and Latin America is rising, due to the sluggish rate of electrification, growing off-grid areas, and sluggish economic growth of these regions. In Sub-Saharan Africa, the urban electrification rate is 60% and the rural electrification rate is 14%, which encourages the use of backup generators to meet power requirements in rural as well as urban areas. More than 77% of people in the Middle East & Africa and Latin America live without access to grid-connected electricity. This factor drives the generator (up to 20 kVA) market in these regions. Thus, growing off-grid areas and growth of the telecom sector in the Middle East & Africa and Latin America are expected to drive the generator (up to 20 kVA) markets in these regions during the forecast period.
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Developed regions such as North America and Europe have accomplished total electrification several years ago. Currently, the power infrastructure in these regions lacks technological advancements as well as load-carrying capacity, resulting in power failures and fluctuations. Growing fluctuations in power supply and high demand for uninterrupted power supply drive the generator (up to 20 kVA) markets in North America and Europe.
However, a majority of generators with up to 20 kVA power rating across the globe are diesel generators. Growing environment-related concerns such as air pollution and noise pollution are likely to restrain the global generator (up to 20 kVA) market during the forecast period.
Asia Pacific Highly Lucrative Market for Generators (Up to 20 kVA)
Asia Pacific dominates the global generator (up to 20 kVA) market. Asia Pacific consumes almost 30% of these generators produced across the world, which makes the region a major consumer of gensets. High consumption in the region is attributable to rise in the demand from the residential, telecom, rural, agriculture, and commercial sectors in Asia Pacific.
North America is another major region in the global generator (up to 20 kVA) market. The U.S. holds a major share of the generator (up to 20 kVA) market in North America, in terms of both, volume and revenue. Most of the demand for up to 20 kVA generators in North America comes from the small commercial and residential sectors in the region, led by aging power infrastructure, incidence of natural calamities, and rising power fluctuations in the region.
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Global Generator (Up to 20 kVA) Market: Key Developments
In April 2018, Caterpillar Inc. announced the introduction of the dynamic gas blending (DGB) dual-fuel technology for diesel generator sets for unregulated emission applications in Latin America and other markets around the world.
In June 2016, Briggs & Stratton Corporation launched Fortress standby generator systems for residential customers, with a capacity of 10-60 kW.
In May 2016, Briggs & Stratton Corporation launched the 8,000-W Elite Series, the world's first Bluetooth-portable generators. These generators are equipped with StatStation branded wireless Bluetooth devices, which makes them convenient for customers to monitor these generators from the inside of their homes.
Global Generator (Up to 20 kVA) Market: Competition Landscape
The global generator (up to 20 kVA) market is highly fragmented, with the presence of a large number of players.
Rise in technological advancements, strong brand recognition, strong position of established players, and strict government regulations pose a barrier to the entry of new players in the global generator (up to 20 kVA) market.
Key players operating in the global generator (up to 20 kVA) market are Yamaha Motor Corporation, Cummins Inc., Kohler Co., Generac Holdings Inc., Caterpillar Inc., Honda Siel Power Products Ltd, Su-Kam Power Systems Ltd, KOEL Green, Greaves Cotton Limited, FG Wilson, Mahindra Powerol, and Jakson Group.
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Global Generator (Up to 20 kVA) Market: Bifurcation
Generator (Up to 20 kVA) Market by Power Rating
Up to 5 kVA
6 - 10 kVA
11 - 15 kVA
16 - 20 kVA
Generator (Up to 20 kVA) Market by Fuel
Diesel
Natural Gas
Others
Generator (Up to 20 kVA) Market by Type
Stationary
Portable
Generator (Up to 20 kVA) Market by Application
Prime & Continuous
Standby
Peak Shaving
Generator (Up to 20 kVA) Market by End User
Residential
Residential Complexes/Apartments
Individual Consumers
Commercial
Hospitals & Clinics
Universities & Educational Establishments
Commercial Complexes
Office Spaces
Others (including Hotels)
Industrial
Chemical & Petrochemical
Food & Beverages
Metal & Mining
Utilities & Power Rental
Others (Including Marine)
Telecom
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