736 , Shakti Khund III , New Delhi
+1778-732-2565

Global Gensets Market By Fuel Type (Gas, Diesel, Gasoline), By Power Rating (5KVA-75KVA, 76KVA-375KVA, others), By Application (Residential, Commercial, Telecom, Industrial, others), By Region–Forecast & Opportunities to 2026

Report Description

The global gensets market accounted for a value of USD 13.1 billion in 2019. Gensets market is projected to register growth at a CAGR of 5.1% during forecast period.

COVID-19 has impacted all the businesses over the globe. The gensets market is impacted by corona virus outbreak and the demand is declined for gensets market. The supply chain is disrupted due to travel restriction. The end-user industries were shut down due to lockdown. The import and exports is on hold due to international border closer. The market for gensets has witness huge decline due to COVID-19.

Definition:

Gensets can be defined as a device which is used to convert mechanical energy into electrical power for many operations. It consists of a motor and an alternator which are inserted and coupled in a base with other elements. The gensets consists of components such as fuel tank, batteries, automatic transfer switch and control panel and it is a cost effective device. It has high reliability and efficiency in operations.

Market Dynamics (Drivers/Opportunities):

The adoption and demand of gensets is rising immensely in the world. The frequency and intensity of weather related disasters is increasing. The natural disasters are increasing around the world due to imbalance in nature. This factors lead to growth in gensets market during forecast period.

The demand for uninterrupted power supply is rising in the world. The blackout of electricity and power outages is among common problems across many regions of world. The consumers are looking for constant and uninterrupted power supply which can be fulfilling using gensets. This factors drive growth in gensets market during forecast period.

The data centre industry is expanding across various regions. There are many favorable regulation imposed by government which give boost to gensets market. The rapid growth in industrialization and infrastructure in various regions is likely to drive growth during forecast period.

Market Insights, by Fuel Type

On the basis of fuel type, the gensets market is segmented into gas, diesel and gasoline. The diesel fuel type is estimated to hold largest market share during forecast period. The diesel fuel is widely available as compared to others. The diesel gensets are costly but more efficient than other variants. This drives growth in diesel gensets market during forecast period.

Even though low-power gas gensets are cheaper than diesel variants, the poor supply of natural gas negatively affects their uptake.

Market Insights, by Power Rating Type

On the basis of power rating type, the gensets market is segmented into 5KVA-75KVA, 76KVA-375KVA, 376KVA-750KVA and above750KVA. The 376KVA-750KVA segment is estimated to register growth at highest CAGR during forecast period. The number commercial offices, residential complexes and retail markets are increasing in the world. All these factors requires high power gensets. This drives growth in 376KVA-750KVA power rating gensets during forecast period.

Market Insights, by Application

On the basis ofapplication, the gensets market is segmented into residential, commercial, telecom and industrial. The industrial segmented is estimated to hold highest market share during forecast period. the oil & gas industries are major consumer of gensets. The industrialization around the world is also responsible for growth of this segment. The demand for gensets in industrial sector is growing immensely and this drives growth in industrial segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to register growth at highest CAGR of 6.0% during forecast period. The investment towards development and expansion of data centers which is coupled with increased cost. The adoption of gensets in various end-users industries is increasing around this region. The emission of harmful gases is increasing and government has adopted various policies to control this emission and such policies have strengthen the market presence of gensets. This drives growth in gensets market during forecast period.

Key Companies & Market Share Insights

The key market players in gensets market are Caterpillar, Cummins, Wartsila, Siemens, Generac Holdings Inc, PARAMAC, Kohler Co., MTU Onsite Energy, Mitsubishi Heavy Industries, Kirloskar Electric Company, Yanmar Co., Himoinsa S.L. and ABB Ltd.

Segments Covered in the Report

This report forecasts The Global Gensets Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global gensets market report on the basis of power rating type, fuel type, and application.

Gensets Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Gensets Market, By Fuel Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Gas
  • Diesel
  • Gasoline
  1. Gensets Market, By Power Rating Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • 5KVA-75KVA
  • 76KVA-375KVA
  • 376KVA-750KVA
  • Above750KVA
  1. Gensets Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Residential
  • Commercial
  • Telecom
  • Industrial
  1. Gensets Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Fuel Type
    • By Power Rating Type
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Fuel Type
      • By Power Rating Type
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Fuel Type
        • By Power Rating Type
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Fuel Type
          • By Power Rating Type
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Fuel Type
            • By Power Rating Type
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • ABB Ltd
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Caterpillar
    • Cummins
    • Wartsila
    • Siemens
    • Generac Holdings Inc
    • PARAMAC
    • Kohler Co.
    • MTU Onsite Energy
    • Mitsubishi Heavy Industries
    • Kirloskar Electric Company
    • Yanmar Co.
    • Himoinsa S.L
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

Please share your details to receive a sample copy of the report

Single User : $3750
Multi User : $6100
Buy Now

 

Why Choose Us

  • 24*7 Post Sales Support
  • Speak to Analyst for Presentations
  • 15% Free Customization
  • Global, Regional & Country level reports
  • Special Discounts for Startups & Educational Institutions

Questions ?

  • What is 15% Free Customization?
  • What is Report Subscription?
  • What is the Delivery Time of the Report?

What You Get

Data Excel Sheets

Report in PDF

Report Subscription

Analyst Support

What's Included

Market Intelligence

Competitive Intelligence

Opportunities and Challenges

Strategic Recommendations