Press release
Global Stationary Generator Market Set to Reach USD 34.5 Billion by 2030 Amidst Rising Demand for Reliable Power
The global stationary generator market is experiencing significant growth, driven by the increasing need for reliable and continuous power across various industries. According to industry reports, the market was valued at USD 23.27 billion in 2023 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.57% through the forecast period, reaching approximately USD 34.5 billion by 2030.
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► Market Dynamics Fueling Growth
The surge in industrialization, urbanization, and infrastructure development has escalated the demand for stationary generators. Industries such as manufacturing, telecommunications, pharmaceuticals, automobiles, mining, and oil & gas rely heavily on these generators to ensure uninterrupted operations during power outages. Furthermore, the expansion of airports, roads, railroads, and commercial buildings globally has contributed to the market's upward trajectory.
► Competitive Landscape
The stationary generator market is characterized by the presence of several key players striving for market dominance through innovation and strategic partnerships. Notable companies include Caterpillar Inc., Cummins Inc., Atlas Copco, Generac Holdings Inc., Kohler Co., Briggs & Stratton, Wärtsilä, WEG Industries, Komatsu Ltd., and Aggreko.
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► Regional Demand Insights
The Asia-Pacific region stands out as a significant contributor to the stationary generator market, with China leading the demand. Rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations have amplified the need for reliable power solutions. The development of manufacturing facilities and infrastructure projects in these regions further propels market growth.
► Country-Specific Developments
• Vietnam:
Stationary Generator Opportunities in Vietnam
Vietnam's rapid industrial growth and frequent power outages have led to an increased demand for stationary generators, presenting significant opportunities for market expansion.
• Thailand:
Stationary Generator Growth in Thailand
Thailand's expanding manufacturing sector and infrastructure projects have driven the growth of the stationary generator market, ensuring continuous power supply to critical operations.
• Japan:
Stationary Generator Trends in Japan
Japan's focus on disaster preparedness and reliable energy solutions has led to the adoption of advanced stationary generators, integrating cutting-edge technology to meet stringent standards.
• South Korea:
Stationary Generator Consolidation in South Korea
South Korea's emphasis on technological innovation and smart infrastructure has resulted in the consolidation of the stationary generator market, with companies forming strategic alliances to enhance product offerings.
• Singapore:
Stationary Generator Updation in Singapore
Singapore's commitment to maintaining a robust and reliable power infrastructure has led to continuous updates and modernization of stationary generators, ensuring compliance with the latest efficiency and environmental standards.
• United States:
Stationary Generator Market Consolidation in the U.S.
The U.S. market has witnessed consolidation activities, with companies like Generac Holdings Inc. experiencing stock gains due to increased demand following natural disasters, highlighting the growing importance of reliable backup power solutions.
• China:
Stationary Generator Expansion in China
China's rapid urbanization and industrial expansion have led to a significant increase in the deployment of stationary generators to support the growing infrastructure and manufacturing sectors.
Europe:
Stationary Generator Trends in Europe
European countries are increasingly focusing on integrating sustainable and efficient stationary generators to support their energy transition goals and ensure grid stability amidst growing renewable energy adoption.
► Key Recent Developments
December 2022: Komatsu Ltd. announced the acquisition of Germany-based GHH Group GmbH, a manufacturer of underground mining and tunneling equipment, aiming to enhance its product portfolio in the stationary generator segment.
November 2023: Komatsu Ltd. acquired American Battery Solutions, accelerating its equipment electrification efforts and expanding its footprint in the stationary generator market.
April 2021: Aggreko agreed to be acquired by Albion Acquisitions Limited, owned by TDR Capital and I Squared Capital, in a transaction valued at £2.3 billion, marking its delisting from the London Stock Exchange.
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Stationary Generator Market Classifications
by Fuel Type
Diesel
Gas
Others
by Power Rating
750 kVA
375 - 750 kVA
75 - 375 kVA
Below 75 kVA
by Application
Standby load
Peak load
Continuous load
by End-User
Pharmaceuticals
Construction
Manufacturing
Oil and gas
Data Centers
Telecom
Electric utility
Marine
Others
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/stationary-generators-market/146999/
The following companies are included in the market for Stationary Generator :
1. Caterpillar Inc.
2. Himoinsa
3. Cummins Inc.
4. Atlas Copco
5. FG Wilson
6. Briggs & Stratton
7. Generac Power System
8. Aggreko
9. Ingersoll
10. Pramac
11. John Deere
12. Kirloskar Electrical Co.Ltd
13. Kohler - SDMO
14. American Honda Motors Company Inc.
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