Dublin, May 29, 2023 (GLOBE NEWSWIRE) -- The "Low Power Generator Sets Market Size, Share & Trends Analysis Report By Fuel Type, By Power Rating, By Application, By End-use, By Industries, By Portability, By 50-150 kVA Fuel Type, By 50-150 kVA Application, By Region, And Segment Forecasts, 2023 - 2038" report has been added to ResearchAndMarkets.com's offering.
The global low-power generator sets market is expected to reach USD 128.58 Billion by 2030 and is expected to expand at a CAGR of 9.0% from 2023 to 2038.
Companies Mentioned
- Atlas Copco AB
- Caterpillar Inc.
- Cummins Inc.
- Generac Power Systems Inc.
- AKSA POWER GENERATION
- Cooper Corp.
- Kohler Co.
- Mitsubishi Heavy Industries, Ltd.
- Wartsila
- ASHOK LEYLAND
- GENERAL ELECTRIC
- Rolls-Royce plc
- Doosan Corporation
- Sunrise Power
- SWOT Analysis
- Atlas Copco AB
- Caterpillar Inc.
- Cummins Inc.
- General Electric
- ASHOK LEYLAND
- Generac Power Systems
- Mitsubishi Heavy Industries, Ltd
- Aksa Power Generation
- Rolls Royce Plc
- Wartsila
Low Power Gensets market is projected to observe significant growth over the estimated period due to the increasing demand for uninterrupted and reliable power supply for usage in power generation, telecommunication, oil & gas, marine, residential, chemical, manufacturing and construction, and healthcare applications. These factors are anticipated to fuel the growth of the market over the forecast period.
Ongoing industrialization in emerging economies and an increasing number of infrastructure development projects worldwide are among the significant factors influencing global electricity demand. Growing usage of electronic equipment by different businesses has resulted in increasing demand for generators to prevent sudden stoppage of electricity supply during power outages to prevent disruption in their
daily activities.
The diesel low-power generator sets dominated the fuel type segment in 2022 and are expected to keep their position during the forecast period. The growth of diesel generators is fueled by a variety of applications worldwide. They are typically installed in remote areas connected to the power grid and can be used as a backup system or as the primary power source because they can be quickly turned on and off without any lag time.
Demand for low-power gensets is projected to rise over the forecast period owing to increased demand for generator sets from underdeveloped countries of the world with a limited number of infrastructure development projects. Underdeveloped and developing economies such as Nigeria and Sudan lack in terms of power generation and transmission infrastructures, thereby making generator sets the only viable power generation sources for them.
The lack of adequate funding for harnessing other potential energy sources such as solar and wind has made generator sets the only financially effective power generation option in underdeveloped economies. Ongoing industrialization and increasing population, coupled with limited power generation infrastructures in underdeveloped and developing economies, are anticipated to fuel the demand for low-power generator sets in the coming years.
Low Power Generator Sets Market Report Highlights
- In terms of Revenue, 50 - 150 kVA in the power rating segment accounted for a significant share of the market in 2022 and is further expected to witness steady growth over the forecast period
- The construction industry accounted for the largest market share of 31.98% in 2022 owing to the rapid development of infrastructure and the construction industry globally
- In 2022, the Asia Pacific accounted for more than 36.10% share of the overall market. The development of heavy equipment, oil & gas, and process companies in China, owing to low labor and utility costs, has been one of the factors responsible for the penetration of the diesel generator market in the region.
- Portable low-power generators dominated the portability segment in 2022 and are expected to maintain their dominance during the forecast period owing to the rising adoption of portable generators in small shops and an increase in outdoor events due to the easy operation and ease of transportation of portable generations
- Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance; In April 2022, Atlas Copco introduced a new range of energy storage systems for enhancing the sustainability of operators by working in hybrid mode with diesel-driven generators. These systems help operators cover low loads and power peaks of generators. They offer operators a rapid return on investments and extend their lifespan
Key Topics Covered:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Penetration & Growth Prospect Mapping
3.2 Industry Value Chain Analysis
3.2.1 List of key players in the Value Chain
3.3 Technology Overview
3.3.1 Latest innovations related to range extenders used in generator sets
3.3.2 Initiatives by companies for research and development of generator sets
3.4 Regulatory Framework
3.4.1 Regulations associated with emission standards
3.4.1.1 U.S.
3.4.1.2 Europe
3.4.1.3 China
3.4.1.4 India
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Increasing global energy requirements
3.5.1.2 ongoing economic growth in developing regions
3.5.2 Market Restraint Analysis
3.5.2.1 Presence Of Substitute Power Backup Technologies
3.5.3 Opportunity Assessment
3.6 Business Environment Analysis: Generator Sets Market
3.7 Impact of COVID-19 on Generator Sets Market
3.8 East European Geopolitical Implications Overview
3.9 Average selling price of Generator Sets (USD/Unit), 2020 - 2038
3.10 Average selling price of 50-150 kVA Gensets for (2021)
3.11 Trends related to use of 50-150 kVA generators in various industries:
3.12 Recent applications driving demand for generators
3.13 List of industries affected by external trends such as energy efficiency, and emission check
3.14 Key regulations for Global Diesel Generator Market
3.15 Profit Margin (% range) Trend Analysis of Dealers and Distributors at Global level only
Chapter 4 Low Power Gensets Market: Fuel Type Estimates & Trend Analysis
4.1 Low Power Gensets Market: Fuel Type Movement Analysis, 2022 & 2038
4.2 Fuel Type Movement Analysis & Market Share, 2022 & 2038
Chapter 5 Low Power Gensets Market: Power Rating Estimates & Trend Analysis
5.1 Low Power Gensets Market: Power Rating Movement Analysis, 2022 & 2038
5.2 Power Rating Movement Analysis & Market Share, 2022 & 2038
Chapter 6 Low Power Gensets Market: Application Estimates & Trend Analysis
6.1 Low Power Gensets Market: Application Movement Analysis, 2022 & 2038
6.2 Market size & forecasts and trend analysis, 2020 to 2038 for the following:
Chapter 7 Low Power Gensets Market: End-use Estimates & Trend Analysis
7.1 Low Power Gensets Market: End-use Movement Analysis, 2022 & 2038
7.2 Market size & forecasts and trend analysis, 2020 to 2038 for the following:
Chapter 8 Low Power Gensets Market: Industries Estimates & Trend Analysis
8.1 Low Power Gensets Market: Industries Movement Analysis, 2022 & 2038
8.2 Industries Type Movement Analysis & Market Share, 2022 & 2038
Chapter 9 Low Power Gensets Market: Portability Estimates & Trend Analysis
9.1 Low Power Gensets Market: Portability Movement Analysis, 2022 & 2038
9.2 Portability Type Movement Analysis & Market Share, 2022 & 2038
Chapter 10 50-150 kVA Low Power Gensets Market Analysis, by Fuel Type Trend Analysis
10.1 50-150 kVA Low Power Gensets Market: Fuel Type Movement Analysis, 2022 & 2038
10.2 Market size & forecasts and trend analysis, 2020 to 2038 for the following:
Chapter 11 50-150 kVA Low Power Gensets Market Analysis, by Application Trend Analysis
11.1 50-150 kVA Low Power Gensets Market: Application Movement Analysis, 2022 & 2038
11.2 Market size, forecast, and trend analysis from 2020 to 2038 for the following:
Chapter 12 Low Power Gensets Market: Regional Estimates & Trend Analysis
For more information about this report visit https://www.researchandmarkets.com/r/js7fs5
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