Press release
Top Segments in Generator (Up to 20 kVA) Market Growth and Analysis by 2031
The global generator (up to 20 kVA) market was valued at US$ 2.5 Bn in 2021
It is estimated to grow at a CAGR of 5.5% from 2022 to 2031
The global generator (up to 20 kVA) market is expected to reach value of US$ 4.3 Bn by the end of 2031
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/generator-market.html
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ' ๐๐ข๐๐ฐ๐ฉ๐จ๐ข๐ง๐ญ ๐จ๐ง ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ง๐๐ซ๐๐ญ๐จ๐ซ (๐๐ฉ ๐ญ๐จ ๐๐ ๐ค๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ง๐๐ซ๐ข๐จ
Majority of generators of up to 20 kVA rating are employed for small commercial and residential power back-ups. Thus, the demand for up to 20 kVA generators in residential and commercial sectors is rising, owing to the sluggish rate of electrification, increase in off-grid areas, and rapid urbanization and industrialization. Moreover, generators (up to 20 KVA) running on natural gas are projected to gain popularity over diesel gensets, due to their low running cost and cleaner fuel for backup power generation.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ง๐๐ซ๐๐ญ๐จ๐ซ (๐๐ฉ ๐ญ๐จ ๐๐ ๐ค๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง
Generators are closely associated with the power generation industry. A generator set is a combination of two key components: engine and alternator. The engine is the mechanical part of the generator, while the alternator is the electrical part. Its function is to generate electricity. An internal combustion engine is employed in a generator that runs on either diesel, gasoline, natural gas, or duel fuel. The two basic types of diesel generators are standby generators and prime/continuous power generators. These are available in varieties of sizes and power ratings, and can be further segregated into portable and stationary generators.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12866
๐๐ข๐ฆ๐ข๐ญ๐๐ ๐๐ซ๐ข๐ ๐๐จ๐ง๐ง๐๐๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐จ๐จ๐ซ ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐ญ๐จ ๐๐๐๐ญ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐๐ฆ๐๐ง๐๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ
Generators play a vital role in power replenishment in off-grid areas. Off-grid areas have very limited or no access to grid connected electricity, and these areas are totally dependent on secondary sources of power such as gensets and solar energy. Most countries of Sub-Saharan Africa and Latin America have a sluggish electrification rate and poor infrastructure to support the growing power demands in the region.
๐๐ข๐ฌ๐ ๐ข๐ง ๐๐ฉ๐ญ๐๐ค๐ ๐จ๐ ๐๐ ๐ค๐๐ - ๐๐ ๐ค๐๐ ๐๐๐ง๐๐ซ๐๐ญ๐จ๐ซ๐ฌ ๐๐ฎ๐ ๐ญ๐จ ๐๐ฌ๐ ๐ข๐ง ๐๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ
Based on power rating, the global generator (Up to 20 kVA) market has been classified into Up to 5 kVA, 6 kVA - 10 kVA, 11 kVA - 15 kVA, and 16 kVA - 20 kVA. The 16 kVA - 20 kVA segment dominated the global generator (Up to 20 kVA) market and accounted for 49.7% share in 2021. The demand for generator (up to 20 kVA) is increasing due to its use for diverse applications in commercial and small industrial sectors, growth of the global telecom sector, flexibility in fuel usage, and ease of installation.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=12866
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ง๐๐ซ๐๐ญ๐จ๐ซ (๐๐ฉ ๐ญ๐จ ๐๐ ๐ค๐๐) ๐๐๐ซ๐ค๐๐ญ
Asia Pacific accounted for a prominent share of 32.8% of the global market in 2021. In terms of volume, Asia Pacific accounts for the dominant share of the global generator (up to 20 KVA) market. China, followed by India, holds the key share of generator (up to 20 KVA) market in terms of volume and revenue in Asia Pacific. Development of infrastructure, increase in construction activities, frequent black-outs, power fluctuations, growth of the commercial sector, and growth telecom industry in the region are projected to drive the market for generator (up to 20 kVA). The region primarily manufactures inexpensive gensets, and exports them to North America, Europe, Middle East & Africa, and Latin America.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=12866
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
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