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Increasing Demand For Telecommunications : Strategic Insights Driving Generator Sales Market Momentum in 2025
Generator Sales
How Large Will the Generator Sales Market Size By 2025?
In recent times, there has been a slight increase in the size of the generator sales market. The market will experience growth, advancing from $24.5 billion in 2024 to $24.87 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 1.5%. Several factors are contributing to this development during the historical period, including power outages, grid reliability, outdated infrastructure, industrial expansion, extreme weather conditions, and a rise in construction activities.
How Big Is the Generator Sales Market Size Expected to Grow by 2029?
It is estimated that the market size for generator sales will witness consistent growth in the coming years. With a compound annual growth rate (CAGR) of 3.9%, it is projected to reach a valuation of $29 billion by 2029. The projected increase during the forecast period can be credited to factors such as the replacement of older generators, the utilization of energy storage systems, off-grid solutions, telemedicine, and connectivity, along with regulatory compliance. The forecast period will also reflect significant trends including smart generators, hybrid power systems, microgrid development, grid-interactive generators, an enhancement in generator rental services, and data-centered generators.
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Which Key Market Drivers Powering Generator Sales Market Expansion and Growth?
With anticipated surge in telecommunications requirements, the generator sales market is poised for significant growth. A host of factors such as heightened interest in communication and collaboration, increased spending, growth of electronic devices, technological advancements, governmental initiatives, among others, contribute to this burgeoning demand. This in turn necessitates a stable power supply and backup for smooth operation of telecom infrastructures like telecom stations and data centres, as well as telecom equipment like electronic machines and computers, eventually boosting generator sales. As per a report from the Indian Brand Equity Foundation (IBEF), an export promotion entity under Indian Government, there has been an uptick in rural subscriber teledensity; it rose from 59.14% in July 2020 to 60.33% in July 2021. What's more, it is estimated that by 2026, 5G subscriptions in India will account for around 27% of all mobile subscriptions, totaling around 350 million. Consequently, this increased reliance on telecommunications is set to fuel the expansion of the generator sales market.
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What Are the Key Trends Driving Generator Sales Market Growth?
Technological progression is a prominent trend that's growing rapidly within the generator sales realm. The market is currently observing the creation of pioneering generators that heavily rely on progressive technologies, such as eco-friendly generators, hydrogen fuel cell generators, among others. These inventive products provide an unbroken, effective power supply or backup, eco-friendliness, decreased expense, minimal maintenance, and other advantages. Leading competitors within the market are dedicated to supplying generators that encompass revolutionary technologies to fulfil customer requirements and fortify their standing within the market. As an example, in September 2024, the Indian automobile manufacturing company, Mahindra & Mahindra, unveiled a novel range of CPCB 4+ Diesel Generators. This marked an impactful expansion to their Mahindra Powerol selection. This range accommodates generators that range from 10VA to 320kVA in capacity and are engineered to abide by the latest emission standards set by India's Ministry of Environment, Forest and Climate Change.
What Are the Emerging Segments in the Generator Sales Market?
The generator sales market covered in this report is segmented -
1) By Fuel Type: Diesel, Gas, Other Types
2) By Sales Channel: Direct, Indirect
3) By Application: Standby, Prime And Continuous, Peak Shaving
4) By End User: Industrial, Commercial, Residential
Subsegments:
1) By Diesel: Portable Diesel Generators, Standby Diesel Generators, Industrial Diesel Generators
2) By Gas: Natural Gas Generators, Propane Generators, Biogas Generators
3) By Other Types: Dual-Fuel Generators, Solar Generators, Hydrogen Generators
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Who Are the Global Leaders in the Generator Sales Market?
Major companies operating in the generator sales market include Kohler Co., Mitsubishi Heavy Industries Ltd., Rolls-Royce Holdings plc, Siemens AG, Toshiba Corporation, Caterpillar Inc., Cummins Ltd., Generac Holdings Inc., AKSA Power Generation, Briggs & Stratton Corporation, Atlas Copco AB, Aggreko PLC, MAN Energy Solutions SE, Ingersoll Rand Inc., American Honda Motor Corp., Inmesol S.L.U., Daihatsu Diesel Mfg. Co. Ltd., Wärtsilä Oyj Abp, Zwart Techniek BV, Wacker Neuson SE, Kirloskar Oil Engines Limited, Doosan Portable Power, Yanmar Co. Ltd., Deere & Company, Kirloskar Electric Company, Sterling Generators Pvt. Ltd., Mahindra Powerol Ltd., Sudhir Power Ltd., Ashok Leyland Ltd., Perkins Engines Company Limited
Which are the Top Profitable Regional Markets for the Generator Sales Industry?
Asia-Pacific was the largest region in the generator sales market in 2024. The regions covered in the generator sales market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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