Press release
Emerging Trends Influencing The Growth Of The Electric Generators Market: Innovative Pure Hydrogen Fuel Cell Generator Set To Revolutionize Energy Generation
Electric Generators
What Is the Projected Growth of the Electric Generators Market?
The capacity of the electric generators market has seen significant growth over the years. It is projected to expand from $29.75 billion in 2024 to $31.3 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.2%. This robust growth during the historical period can be traced back to factors such as the industrial revolution, urban electrification, worldwide wars and military usage, rural electrification initiatives, and the burgeoning commercial and residential demand.
Anticipations suggest that the market size of electric generators will experience consistent expansion over the forthcoming years. It is projected to rise to a staggering $37.17 billion by 2029, boasting a compound annual growth rate (CAGR) of 4.4%. The prospective increment during this period is due to factors such as increased acceptance in budding markets, disaster-proactive resilience planning, the development of electric vehicle charging infrastructures, and governmental policies pertaining to energy, alongside energy decentralization. Key trends anticipated during this forecast period encompass digital integration aimed at enhancing user experience, hybrid energy solutions, remote surveillance and predictive upkeep, the growing demand for environmentally-friendly energy, and enhancement of grid stability and resilience.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3825
What Are the Different Electric Generators Market Segments?
The electric generators market covered in this report is segmented -
1) By Type: Gas Generator, Diesel Generator, CKD Generator
2) By Capacity: Below 75kva, 75-375 kva, 375-750 kva, Above 750 kva
3) By Application: Stand By, Peak Shaving, Continuous
4) By End User: Mining, Oil And Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Other End-Users
Subsegments:
1) By Gas Generator: Natural Gas Generator, Propane Generator
2) By Diesel Generator: Portable Diesel Generator, Standby Diesel Generator, Prime Power Diesel Generator
3) By CKD Generator (Completely Knocked Down): CKD Gas Generator, CKD Diesel Generator
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3825&type=smp
What Are the Primary Drivers Shaping the Electric Generators Market?
The surge in demand from various sectors such as mining, oil and gas, and pharmaceuticals is predicted to bolster the expansion of the electric generators market in the projected timeline. Generators often provide power backup for numerous industrial operations. Nevertheless, in scenarios where there is no grid infrastructure, generators become the sole power source. Take for instance, most mining sites that are situated in remote areas require generators for their daily power needs. In May 2024, as per the Australian Bureau of Statistics (ABS), a government agency based in Australia, the mining industry saw robust growth in 2022-23. The EBITDA increased by 23.4% (AUD 52.0 billion) and the Industry Value Added (IVA) rose by 23.2% (AUD 66.4 billion), after a significant growth of 34.7% and 31.2% in the prior year, accordingly. The economic development in emerging markets boosts industrial activity, subsequently propelling the growth of the electric generators market in the forecasted duration.
Which Companies Are Leading in the Electric Generators Market?
Major companies operating in the electric generators market include Kirloskar Electric Co. Ltd., Honda Motor Co. Ltd., Caterpillar Inc., Toshiba Corporation, Cummins Inc., General Electric Company, YAMAHA Motor Pvt. Ltd., Rolls-Royce Holdings plc, Atlas Copco, Doosan Group, Mahindra Powerol Ltd., Yanmar Co. Ltd., Westinghouse Electric Corporation, Mitsubishi Heavy Industries Ltd., Kohler Co., Hyundai Heavy Industries Co. Ltd., Wärtsilä Corporation, Ingersoll Rand, Sterling Generators Pvt. Ltd., Generac Holdings Inc., Cooper Corp., AKSA Power Generation, Wacker Neuson SE, Briggs & Stratton Corporation, Escorts Group, MQ Energy Inc., Powerica Ltd., Inmesol S.L, Firman Power Equipment, Champion Power Equipment Inc., Albion Jvco Limited
What Trends Are Expected to Dominate the Electric Generators Market in the Next 5 Years?
Leading corporations in the electric generators market are aligning their strategies with government initiatives that encourage the establishment and preservation of a strong energy infrastructure, like demonstration facilities. These are instrumental to boost their research and development activities, authenticate novel technologies, and showcase the viability of renewable energy alternatives. Demonstration facilities serve as unique venues for presenting and evaluating groundbreaking technologies or systems, specifically in energy, manufacturing, and sustainability industry. For example, Panasonic Corporation, a global electronics firm from Japan, revealed in April 2024 its imminent release of the 10 kW Pure Hydrogen Fuel Cell Generator in Europe, Australia, and China for October 2024. This cogeneration system has the potential to provide up to 10 kW of DC power and an estimated 8.2 kW of heat for water heating. Major highlights encompass the capacity to link up to 250 modular units, variable power output in 1 kW stages, and simple installation procedures in diverse environments. Boasting an electrical efficiency of 57% and heat recovery efficiency of 47%, the PH3 is designed to minimize operational expenses and features an estimated lifespan of 15 years, thereby reducing life cycle costs.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/electric-generators-global-market-report
What Are the Top Revenue-Generating Geographies in the Electric Generators Market?
Asia-Pacific was the largest region in the electric generators market in 2024. Western Europe was the second-largest region in the global electric generators market share. The regions covered in the electric generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Generators Market?
2. What is the CAGR expected in the Electric Generators Market?
3. What Are the Key Innovations Transforming the Electric Generators Industry?
4. Which Region Is Leading the Electric Generators Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Trends Influencing The Growth Of The Electric Generators Market: Innovative Pure Hydrogen Fuel Cell Generator Set To Revolutionize Energy Generation here
News-ID: 4009841 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Generator
Key Trends Reshaping the Military Generator Market: Innovative Military Generato …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts
Military Generator Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for military generators has experienced robust growth. It is expected to escalate from a value of $1.42 billion in 2024 to $1.5 billion by 2025, with a compound annual growth rate (CAGR)…
Action Generator Highlights Key Benefits of Professional Generator Installation …
Discover why professional generator installation in Houston ensures safety, efficiency, and peace of mind during outages and extreme weather.
Houston, TX - As power outages become more frequent due to extreme weather and increased demand on the electrical grid, ensuring a reliable backup power system has never been more important. Action Generator is bringing attention to the critical advantages of professional generator installation Houston [https://actiongenerator.net/generator-installation-houston/] for both residential and commercial properties.
Unlike…
The Lost Generator: Unlocking DIY Edison Generator Plan
These days, electricity can get very expensive and it's always a good idea to find ways of lowering those bills. While it's possible to use less energy, it's better to just generate electricity on your own. And that's where The Lost Generator comes into play. It's a different approach to energy generation while being safe and effective as well.
The Lost Generator offers access to a set of guidelines that help…
The Lost Generator Reviews: Legit Or Not? Edison Generator Insights (PDF)
The Lost Generator Reviews: Legit Or Not? Edison Generator Insights (PDF)
I'm thinking about buying The Lost Generator, a device that claims to save money and provide energy independence. It costs just $49 and promises big savings on energy bills. It's also a reliable backup power source, especially during power outages.
Having a steady energy source is key, and The Lost Generator seems like a good option. It's cheaper than traditional generators…
Backup Generator Iowa Publishes Details on Generac Generator in Clive IA
Backup Generator Iowa empowers homeowners with a detailed guide on Generac generator installation.
Backup Generator Iowa, a trusted provider of Generac generator installation, maintenance, and repair services, has released a comprehensive guide detailing the process of installing a Generac generator in Clive IA. This informative resource empowers Clive homeowners to make informed decisions about backup power solutions for their homes.
Learn more here [https://backupgeneratoriowa.com/2024/05/14/when-the-lights-go-out-finding-generator-repair-near-me-in-altoona-ia/].
"We understand that power outages can be a major…
Commercial Generator Market
In the past few years, the Commercial Generator market experienced a huge change under the influence of COVID-19 and Russia-Ukraine War, the global market size of Commercial Generator reached the predicted milestone in 2022 with the rising CAGR from 2017-2022. Facing the complicated international situation, the future of the Commercial Generator market is full of uncertain. Report predicts that the global Commercial Generator market size will expected to achieve a…
