NEW YORK, Oct. 22, 2021 /PRNewswire/ -- The global generator market size is set to increase by 16.23 billion between 2021 and 2025. However, the growth momentum is expected to decelerate at a CAGR of 8% during the forecast period, according to Technavio. The report offers an up-to-date analysis of the growth variance and the Y-O-Y growth rate.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Atlas Copco AB, Briggs and Stratton LLC, Caterpillar Inc., Cummins Inc., Doosan Corp., Eaton Corp. Plc, Generac Power Systems Inc., Honda Motor Co. Ltd., Kohler Co., and Mitsubishi Heavy Industries Ltd. are some of the major market participants. Although the rapid industrialization & growing construction equipment will offer immense growth opportunities, the rising adoption of green energy technologies will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Generator Market 2021-2025: Segmentation
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Generator Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our generator market report covers the following areas:
This study identifies upgradations in the IT sector and increasing focus towards digitization as one of the prime reasons driving the generator market growth during the next few years.
Generator Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Generator Market. Backed with competitive intelligence and benchmarking, our research report on the Generator Market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Generator Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist generator market growth during the next five years
Estimation of the generator market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the generator market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of generator market vendors
Global High Capacity Gas Generator Market - Global high capacity gas generator market is segmented by output power capacity (less than 300 KW, 301-1000 KW, and above 1000 KW) and geography (North America, Europe, APAC, South America, and MEA).
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Global Low and Medium Capacity Gas Generator Market - Global low and medium capacity gas generator market is segmented by end-user (residential, commercial, and industrial), application (stationary and portable), and geography (North America, Europe, APAC, South America, and MEA).
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Generator Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of over 8%
Market growth 2021-2025
USD 16.23 billion
YoY growth (%)
APAC, Europe, MEA, North America, and South America
Performing market contribution
APAC at 44%
Key consumer countries
China, US, India, Nigeria, and Germany
Leading companies, competitive strategies, consumer engagement scope
Atlas Copco AB, Briggs and Stratton LLC, Caterpillar Inc., Cummins Inc., Doosan Corp., Eaton Corp. Plc, Generac Power Systems Inc., Honda Motor Co. Ltd., Kohler Co., and Mitsubishi Heavy Industries Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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