Power Generators Market Global Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global Power Generators market. This Research Report Forecast 2020-2023 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data.
The global power generator manufacturing market was worth $17.4 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 6.37% and reach $22.2 billion by 2023.
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Markets Covered: 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 & Gas; Construction; Residential; Marine; Manufacturing; Pharmaceuticals; Commercial; Others
Companies Mentioned: Aggreko; Atlas Copco; Caterpillar Inc.; FG Wilson; Kirloskar Electric Co. Ltd.
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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The generator manufacturing market covered in this report is segmented by type into gas generator, diesel generator, and ckd generator. The generator manufacturing market in this report is segmented by capacity into below 75kva, 75-375 kva, 375-750 kva, and above 750 kva. The generator manufacturing market in this report is segmented by application into stand by, peak shaving, and continuous. The generator manufacturing market in this report is segmented by end user into mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, and others.
-An extensive analysis of the Power Generators market trends and shares from 2017 to 2023 to identify market opportunities and analyze industry developments
-Comprehensive analysis with respect to investments and price trends that impact the outlook of the Global Power Generators market between 2020 and 2023
Government initiatives to promote building and maintaining a robust energy infrastructure will drive the demand for power generation systems which in turn is expected to restrain the market for generators in the forecast period. According to the International Energy Agency (IEA), in 2017, the global electricity industry attracted capital investments of $700 billion. As of 2017, Asia-Pacific was the leading region with $1.67 trillion worth of investments in pipeline power generation construction projects, followed by the Middle East and Africa with $1.16 trillion each. Pipeline power generation projects in Europe and the Americas were valued at $921 billion and $931 billion, respectively. Governments in both developed and developing countries are focusing on building and maintaining a robust energy infrastructure, and it is expected to limit the growth of the generator manufacturing market.
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Increasing demand from several industries such as mining, oil and gas, and pharmaceuticals is expected to contribute to the growth of the generator manufacturing market in the forecast period. Generators are used as a source of power backup in many industrial activities. However in cases where grid infrastructure is absent, generators are used as the only source of power. For example, majority of the mining sites are located in remote locations, and require generators for their day-to-day power requirements. For instance, mining market in India is expected to increase from $105 billion in 2018 to $126 billion in 2022 at a CAGR of 4.63%. Economic growth in emerging markets is increasing the industrial activity which in turn will drive the market for generators in the forecast period.
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A list of key factors responsible for building the upcoming opportunistic roadmap for the Power Generators market at the Global, regional, and country level.
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