Global Electric Generating Set Market by Type (Diesel Electric Generating Sets, Wind Powered Electric Generating Set, Spark Ignition Engines Electric Generating Set, Others), By Application (Commercial, Residential Construction, Water And Wastewater Treatment, Telecommunication, Railways, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Electric Generating Set Market size is projected to reach USD 83.1 billion by 2028, growing at a CAGR of 7% during the forecast period from 2021-2028. The growth of the market can be attributed to increasing demand for renewable energy sources and government initiatives for development of clean energy projects, which are expected to provide an impetus for the commercial adoption of electric generating sets over conventional power generation technologies such as coal or gas fired plants.
Electric generating sets are an electro-mechanical device that converts mechanical energy into electrical energy by converting the mechanical power from a prime mover or generator to rotate at high speed, which is then transmitted through a set of copper coils and generates electricity. Electric generating sets are used to produce electricity for different purposes in various industries such as commercial, residential construction, and manufacturing. There is an increasing demand among the developing countries due to the growth of population coupled with high energy consumption needs. In addition, Electric Generating Set can be used without any noise pollution or emissions released into the atmosphere which makes it more environment friendly than conventional power generation technologies such as coal or gas-fired plants.
On the basis of Type, the market is segmented as Diesel Electric Generating Sets, Wind Powered Electric Generating Set, Spark Ignition Engines Electric Generating Set, and Others.
Diesel Electric Generating Sets:
Diesel Electric Generating Set is a device that converts the chemical energy of diesel into electrical energy. Diesel-electric generating sets are categorized as prime movers, generators, and other components. The market for these devices will be mainly driven by increasing demand from developing countries coupled with high production rates of natural gas in oil shale deposits.
Wind-Powered Electric Generating Set:
Wind-Powered Electric Generating Set is a device that converts the kinetic energy of wind into electrical energy. It comprises the blades, gearbox, generator, and tower. The market for these devices will be mainly driven by increasing demand from developing countries coupled with high production rates of natural gas in oil shale deposits.
Spark Ignition Engines Electric Generating Set:
The Spark Ignition Engine powered electric generating set contains an engine which movements are converted to rotational motion via crankshaft or camshaft so as to generate electricity using alternators (e.g., AC induction). These sets are mostly used in residential construction due to their lower cost and simple operation compared to other types like Combined-Cycle Plants (CCPs).
On the basis of Application, the market is segmented into commercial, residential construction, water, and wastewater treatment, telecommunication, railways, and others.
In the commercial sector, the electric generating set is used for industries such as hotels and restaurants. These sets are also used in hospitals to provide power back up during emergencies that might arise due to electricity failure or other reasons. They are also used by retailers like shopping malls, department stores, cinema halls, etc., where they use them for lighting purposes and some of these establishments have their own generator systems installed within the premises. In the residential construction segment, the market size is estimated on the basis of the total number of housing units constructed per year across all regions globally. Electric generating sets in this category cater mainly to residential needs with low energy requirements (e.g., single-family houses).
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
In the European region (France, Italy), there is a need for electric generators to power homes and business units as well as provide backup during outages or emergencies. There are also many small factories in this region that need to use diesel engines due to their size restrictions on fuel consumption. This has led to high demand for these types of generating sets where they can be used inside the factory premises without any environmental pollution issues arising from the outside. Similarly in Asia-Pacific countries like Australia and Japan have smaller numbers of residential buildings compared with the number of commercial structures being constructed which means an increase in demand across various segments including hotels. The US is a major market for electric generating sets due to its huge demand for clean energy sources owing to environmental concerns associated with fossil fuels such as coal or natural gas; however, the penetration rate remains low at around 0.05%.
Up Market Research published a new report titled “Electric Generating Set Market research report which is segmented by Types (Diesel Electric Generating Sets, Wind Powered Electric Generating Set, Spark Ignition Engines Electric Generating Set, Others), By Applications (Commercial, Residential Construction, Water And Wastewater Treatment, Telecommunication, Railways, Others), By Players/Companies Kirloskar Electric, TECO-Westinghouse Motor, Potencia Industrial, ABB, WEG, Atlas Copco”.
Report Scope
Report Attributes | Report Details |
Report Title | Electric Generating Set Market Research Report |
By Type | Diesel Electric Generating Sets, Wind Powered Electric Generating Set, Spark Ignition Engines Electric Generating Set, Others |
By Application | Commercial, Residential Construction, Water And Wastewater Treatment, Telecommunication, Railways, Others |
By Companies | Kirloskar Electric, TECO-Westinghouse Motor, Potencia Industrial, ABB, WEG, Atlas Copco |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 241 |
Number of Tables & Figures | 169 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Electric Generating Set Market Report Segments:
The market is segmented by Type Diesel Electric Generating Sets, Wind Powered Electric Generating Set, Spark Ignition Engines Electric Generating Set, Others and By Application Commercial, Residential Construction, Water And Wastewater Treatment, Telecommunication, Railways, Others.
Some of the companies that are profiled in this report are:
- Kirloskar Electric
- TECO-Westinghouse Motor
- Potencia Industrial
- ABB
- WEG
- Atlas Copco
Electric Generating Set Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Electric Generating Set Market
Overview of the regional outlook of the Electric Generating Set Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Electric Generating Set Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Electric Generating Set Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Diesel Electric Generating Sets
2. Wind Powered Electric Generating Set
3. Spark Ignition Engines Electric Generating Set
4. Others
7. By Application:1. Commercial
2. Residential Construction
3. Water And Wastewater Treatment
4. Telecommunication
5. Railways
6. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Generating Set Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Electric Generating Set Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Generating Set Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Generating Set Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Generating Set Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Generating Set Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Generating Set Market Size & Forecast, 2018-2028
4.5.1 Electric Generating Set Market Size and Y-o-Y Growth
4.5.2 Electric Generating Set Market Absolute $ Opportunity
Chapter 5 Global Electric Generating Set Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Generating Set Market Size Forecast by Type
5.2.1 Diesel Electric Generating Sets
5.2.2 Wind Powered Electric Generating Set
5.2.3 Spark Ignition Engines Electric Generating Set
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Generating Set Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Generating Set Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential Construction
6.2.3 Water And Wastewater Treatment
6.2.4 Telecommunication
6.2.5 Railways
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Generating Set Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Generating Set Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Generating Set Analysis and Forecast
9.1 Introduction
9.2 North America Electric Generating Set Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Generating Set Market Size Forecast by Type
9.6.1 Diesel Electric Generating Sets
9.6.2 Wind Powered Electric Generating Set
9.6.3 Spark Ignition Engines Electric Generating Set
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Generating Set Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential Construction
9.10.3 Water And Wastewater Treatment
9.10.4 Telecommunication
9.10.5 Railways
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Generating Set Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Generating Set Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Generating Set Market Size Forecast by Type
10.6.1 Diesel Electric Generating Sets
10.6.2 Wind Powered Electric Generating Set
10.6.3 Spark Ignition Engines Electric Generating Set
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Generating Set Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential Construction
10.10.3 Water And Wastewater Treatment
10.10.4 Telecommunication
10.10.5 Railways
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Generating Set Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Generating Set Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Generating Set Market Size Forecast by Type
11.6.1 Diesel Electric Generating Sets
11.6.2 Wind Powered Electric Generating Set
11.6.3 Spark Ignition Engines Electric Generating Set
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Generating Set Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential Construction
11.10.3 Water And Wastewater Treatment
11.10.4 Telecommunication
11.10.5 Railways
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Generating Set Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Generating Set Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Generating Set Market Size Forecast by Type
12.6.1 Diesel Electric Generating Sets
12.6.2 Wind Powered Electric Generating Set
12.6.3 Spark Ignition Engines Electric Generating Set
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Generating Set Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential Construction
12.10.3 Water And Wastewater Treatment
12.10.4 Telecommunication
12.10.5 Railways
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Generating Set Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Generating Set Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Generating Set Market Size Forecast by Type
13.6.1 Diesel Electric Generating Sets
13.6.2 Wind Powered Electric Generating Set
13.6.3 Spark Ignition Engines Electric Generating Set
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Generating Set Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential Construction
13.10.3 Water And Wastewater Treatment
13.10.4 Telecommunication
13.10.5 Railways
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Generating Set Market: Competitive Dashboard
14.2 Global Electric Generating Set Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kirloskar Electric
14.3.2 TECO-Westinghouse Motor
14.3.3 Potencia Industrial
14.3.4 ABB
14.3.5 WEG
14.3.6 Atlas Copco