Top Segments in Generator (Up to 20 kVA) Market Growth and Analysis by 2031

𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫 (𝐔𝐩 𝐭𝐨 𝟐𝟎 𝐤𝐕𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 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

𝐆𝐞𝐭 𝐀 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 -https://www.transparencymarketresearch.com/generator-market.html

𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬' 𝐕𝐢𝐞𝐰𝐩𝐨𝐢𝐧𝐭 𝐨𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫 (𝐔𝐩 𝐭𝐨 𝟐𝟎 𝐤𝐕𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨

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.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫 (𝐔𝐩 𝐭𝐨 𝟐𝟎 𝐤𝐕𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

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.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12866

𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐆𝐫𝐢𝐝 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐚𝐧𝐝 𝐏𝐨𝐨𝐫 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐭𝐨 𝐌𝐞𝐞𝐭 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐏𝐨𝐰𝐞𝐫 𝐃𝐞𝐦𝐚𝐧𝐝𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

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.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐔𝐩𝐭𝐚𝐤𝐞 𝐨𝐟 𝟏𝟔 𝐤𝐕𝐀 - 𝟐𝟎 𝐤𝐕𝐀 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫𝐬 𝐃𝐮𝐞 𝐭𝐨 𝐔𝐬𝐞 𝐢𝐧 𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

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.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=12866

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫 (𝐔𝐩 𝐭𝐨 𝟐𝟎 𝐤𝐕𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭

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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=12866

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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