Electric Generators Market Report 2023: Size, Share, Growth Rate, Industry Trends| Major Key Players And Industry Analysis Till 2032
As per the electric generators market report by The Business Research Company, increasing demand from several industries such as mining, oil and gas, and pharmaceuticals is expected to contribute to the growth of the generator manufacturing market in the forecast period. Generators are used as a source of power backup in many industrial activities. However, in cases where grid infrastructure is absent, generators are used as the only source of power.
The global electric generators market size will grow from $27.8 billion in 2022 to $29.54 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electric generators market size is expected to grow to $36.27 billion in 2027 at a CAGR of 5.3%.
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Major competitors in the electric generators market include Aggreko, Atlas CopCo., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton
The electric generators market is segmented -
By Type: Gas Generator, Diesel Generator, CKD Generator
By Capacity: Below 75kva, 75-375 kva, 375-750 kva, Above 750 kva
By Application: Stand By, Peak Shaving, Continuous
By End User: Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the electric generators market.
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The electric generator is defined as a device that converts mechanical energy into electrical energy for applications in external circuits. A generator uses mechanical energy such as steam, gas, and water to convert it into electrical energy for an uninterrupted power supply.
The Table Of Content For The Electric generators market Include:
1. Executive Summary
2. Electric Generators Market Characteristics
3. Electric Generators Market Trends And Strategies
4. Electric Generators Market - Macro Economic Scenario
5. Electric Generators Market Size And Growth
26. Africa Electric Generators Market
27. Electric Generators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Generators Market
29. Electric Generators Market Future Outlook and Potential Analysis
The "Global Electric generators market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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