Electricity has become a need in today’s world, especially for economic development. However, the available grid infrastructure is insufficient to meet to increasing demand for power. Stationary generator is a back-up electrical system that operates automatically. These are used when there is a requirement of high power, such as those of an enterprise, for very long periods of time. Stationary generators provide power by being hard-wired into the main distribution panel and can be started manually or even automatically in the event of a power outage.
COVID-19 impact
- The global market for stationary generators is severely impacted by the outbreak of the COVID-19 pandemic.
- The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
- Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
- Thus, insufficiency in raw material supply is expected to hamper the production rate of stationary generators, which negatively impact the market growth.
- However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Top impacting factors: market scenario analysis, trends, and drivers
Stationary generators market is anticipated to see lucrative opportunities in the forecasted period owing to growing demand for uninterrupted power. Rise in economic development has led to significant investments on industrialization and thus leading to a rise in demand for energy across the globe. Moreover, high need to ease power interruptions is also anticipated to bolster stationary power generators market and thus create great opportunities in the future for revenue generation. Moreover, technological advances in generators will have a huge impact on the market too, such as development of dual-fuel and tri-fuel systems. These systems allow engines to operate on CNG without incorporating any prominent and permanent changes in the engines.
Apart from the technological advances in generators, factors such as the rising preference for gas as a clean fuel for generators and the growing investments in smart grids will have a substantial impact on the growth of the stationary generator market in the upcoming period.
Regional analysis
The global stationary generators market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the largest market over the coming years in response to the huge investments by emerging economies in infrastructure development. In addition to this, soaring demand for energy and power in India and China fueled by their large populations is further expected to complement the growth of this region. Besides this, Middle East and Africa is expected to register significant growth due to consistent exploration of oil & gas.
Key benefits of the report:
- This study presents the analytical depiction of the global stationary generators market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global stationary generators market share.
- The current market is quantitatively analyzed to highlight the global stationary generators market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global stationary generators market analysis depending on competitive intensity and how the competition will take shape in coming years.
Stationary Generators Market Report Highlights
| Aspects | Details |
 By Fuel Type |
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 By Application |
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 By Power |
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 By Industrial Vertical |
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 By Region |
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 Key Market Players | Cummins Inc., Aggreko, American Honda Motor Company, Inc., John Deere, Briggs and Stratton., Generac Power Systems, PRAMAC, Kirloskar Electric Co. Ltd, Caterpillar Inc., FG Wilson, Ingersoll Rand |
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