Generator Sales Market Expected to Grow at 29.3 Billion in Revenue by 2024

Generator Sales Market Expected to Grow at 29.3 Billion in Revenue by 2024

The Global Generator Sales Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

The Generator Sales Market is projected to reach US$ 29.3 Billion by 2024 from an estimated US$ 22.3 Billion in 2019, at a CAGR of 5.60% during the forecast period. Generator Sales Market spread across 148 pages, profiling 13 companies and supported with 82 tables and 35 figures is now available in this research report.

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Most Popular Companies in the Generator Sales Market include are

  • Caterpillar (US)
  • Cummins (US)
  • Rolls-Royce (UK)
  • Mitsubishi (Japan)
  • Yanmar (Japan)
  • Kohler (US)

Generators can be used in standby, prime, continuous, and peak shaving applications in various end-user sectors such as industrial, commercial, and residential. The main driver of the generator sales market is the rising demand for uninterrupted and reliable power supply from end-users and increased demand for IT infrastructure management.

Based on the end-users of generators, the industrial end-user segment is estimated to be the fastest growing market from 2019 to 2024. The segment includes the utility/power generation, oil & gas, and other industries such as mining, marine, chemicals, military, and manufacturing. Growth of the industrial sector in Asia Pacific and the Middle East & Africa is expected to drive the generator sales market.

Asia Pacific is currently the largest generators sales market, followed by North America and the Middle East & Africa. China accounted for the maximum share of the Asia Pacific market in 2018. India is projected to grow at the highest CAGR from 2019 to 2024. Growth of the industrial and commercial sectors in countries such as China, India, South Korea, Bangladesh, and Taiwan is expected to drive the Asia Pacific generator sales market.

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Reason to Access this report:

The Report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall generator sales market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Competitive Landscape of Generator Sales Market:

1 Introduction

2 Market Ranking Analysis, 2018

3 Competitive Scenario

3.1 New Product Developments (2016–2018)

3.2 Investments & Expansions (2015–2017)

3.3 Mergers & Acquisitions (2015–2016)

3.4 Contracts & Agreements (2016–2017)

3.5 Others (Partnerships/Collaborations/Joint Ventures/Awards & Recognitions) (2016)

4 Micro Quadrant Overview

4.1 Visionary Leaders

4.2 Innovators

4.3 Dynamic Differentiators

4.4 Emerging

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