Press release
Electric Generator Market Expected to Surge by 2024-2031: Key Drivers and Forecasts| Aggreko, Atlas Cop Co., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd.,
Electric Generator Market
The Global Electric Generator Market Size Was Valued At USD 28.6 Billion In 2022 And Is Expected To Hit Around USD 52.95 Billion By 2031, Growing At A CAGR Of 6.49% Between 2023 And 2031.
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The market for electric generators is diverse, and generators are used in various applications, including residential, commercial, and industrial settings. In addition to traditional generators that are powered by engines or turbines, the market for electric generators also includes renewable energy solutions, such as wind and solar generators. The electric generator market is expected to grow due to various factors such as the increasing demand for reliable and uninterrupted power supply in different industries, the growing adoption of renewable energy sources, and the need for backup power solutions. Additionally, advancements in generator technology and a focus on energy efficiency and environmental sustainability are also expected to drive the market growth.
Key Market Players:
• Aggreko
• Atlas CopCo.
• Caterpillar Inc.
• FG Wilson
• Kirloskar Electric Co. Ltd.
• Cummins Inc.
• Rolls-Royce
• Wärtsilä
• Yanmar Co. Ltd.
• Briggs & Stratton
Recent Developments:
In February 2021: - Generac Power Systems announced the acquisition of Enbala Power Networks, a leading distributed energy optimization and control solutions provider for the utility and commercial markets.
In June 2022: - Cummins Inc. launched a new 1MW twin-pack rental generator, the C1000D6RE, which delivers a competitive rental power solution for various applications throughout North America.
Electric Generator Market Report Segmentation
By Type
• Gas Generator
• Diesel Generator
• CKD Generator
By End-User
• Mining, Oil & Gas
• Construction
• Residential
• Marine
• Manufacturing
• Pharmaceuticals
• Commercial
• Other
By Application
• Stand By
• Peak Shaving
• Continuous
By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Key Benefits of the Report
• This study presents an analytical depiction of the Electric Generator industry along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to market key drivers, restraints, and opportunities, along with detailed analysis of the Electric Generator Market share.
• The current market is quantitatively analyzed to highlight the Electric Generator Market's growth scenario.
• Porter's five forces research demonstrates the market power of suppliers and buyers.
• The report provides a detailed Electric Generator market analysis based on competitive intensity and how the competition will take shape in the coming years.
To Gain More Insights about This Research, Visit @ https://www.econmarketresearch.com/industry-report/electric-generator-market/
Key Questions Answered in This Report:
• What will the market size and growth rate be in 2029?
• What are the key trends influencing the Electric Generator Market?
• What factors are driving growth in the Electric Generator Market?
• What challenges does the market face?
• Who are the leading vendors in the Electric Generator space?
• What are the key market trends impacting growth?
• What are the outcomes of the five forces analysis for the Electric Generator Market?
• What opportunities and threats do vendors face in the Electric Generator market? Detailed insights on factors affecting market shares in the Americas, APAC, and EMEA are also provided.
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