Press release
Global Generator (Up to 20 kVA) Market In-depth Analysis on Key Factors and Revenue Estimates Until 2025
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Generators are making up for growing power shortage. They are basically classified into stand-by gensets and prime power. Generators run on different fuel types such as natural gas, gasoline, diesel, LPG and bio-fuels. Generators are used is various industrial setting for back-up power requirements. The generators (up to 20 kVA) fall under the small genset category are bifurcated into portable and stationary generators. Based on power rating, Generators (up to 20 kVA) is classified in to 15-20 kVA, 10-15 kVA, 5-10 kVA and 5 kVA. Based on the power ratings, these gensets are used in commercial, residential, telecom and other industrial sectors. The gensets are kept in conjucation with the main power to ensure uninterrupted power supply during fluctuations.
Market Dynamics
Demand for diesel fuel powered generators is relatively high and hence the segment accounts for the highest market share. Meanwhile, a majority of small gensets with 5-10 kVA power rating run on gasoline as their power output is relatively low and fined application in small commercial and residential sectors. High-cost of gasoline, low compression power production and issues of storage and safety remains a major challenge. Most generators that are powered by gasoline are used in commercial and residential verticals as these verticals consume less power than telecom or industrial manufacturing vertical. Whereas, diesel powered gensets are low in maintenance and are safer to use.
Diesel powered generators have high power output and high compression ratio, making them an apt solution for high intensity electricity generation. The natural gas powered gensets have greater cost benefits than diesel gensets as the run on cheaper fuel type. Price of natural gas in significantly lower than gasoline and diesel across the globe. Moreover, natural gas is much more environmentally sustainable as compared to fossil fuel. Stringent environmental norms on noise and emission levels is likely to drive the demand for natural gas powered gensets over the next couple years. However, these genset require high maintenance, which can lead to additional expenses in the long run.
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Competitive Dashboard
The report offers an in-depth analysis of the competitive landscape in the market, which include profiling of leading market players, there market share and other important developments. Some of the prominent companies operating in the global market for generator (Up to 20 kVA) include Yamaha Motor Corporation, Generac Holdings, Kohler Co., Honda Siel Power Products Ltd., KOEL Green, Cummins Inc., Caterpillar Inc., and Mahindra Powerol. The company profile section in the report also provide insights into company overview, brand overview, business overview, recent/key developments, number of employees, key competitors, business strategies, financial overview (wherever applicable) and acquisitions.
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