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Global Low Power Generator Sets Market is valued at approximately USD 30.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2022-2029. Low Power Generator Sets consist of less than 10KW power. The low-power generator sets are usually transportable and are ready to use anytime, without any additional installation. It is used as an emergency backup of power in residential, commercial, and industrial sectors. Power generator sets are used in areas where there is a need for continuous power generation. It is commonly used in areas where there isare a frequent power outagesfrequent power outages and this becomes a problem or obstacle in daily chores or major projects. Some of the low-power generator sets are diesel generators and gas generators. All connected oil and gas operations, including drilling, pumping, and loading, can be powered continuously by diesel generators and when it is undesirable or impractical to store a pressurized gas, itgas can be created via a chemical process or from a solid or liquid source using a gas generator. Increasing industrialization, increasing investment in infrastructure development, rising usage of electronic-based equipment, and increasing demand for uninterrupted and reliable power supply are the factors driving the growth of the market.
According to the IBEF India Brand Equity Foundation organization, in India, building infrastructure to reduce logistical costs and boost the economy, Prime Minister Mr. Narendra Modi proposed an Rs. 100 lakh crore master plans for multimodal connectivity in October 2021. Also, India’s manufacturing industry received infrastructure investments totaling totalling more than 3 trillion Indian rupees during the 2021 fiscal year. Increasing infrastructure development is the major factor driving the growth of the market as it creates major demand for uninterrupted and reliable energy sources. Other important components driving market increase are increasing industrialization, rising usage of electronic-based equipment, and increasing demand for uninterrupted and reliable power supply. Furthermore, increasing government focus on the generation of clean energy sources and developing commercial facilities such as shopping malls are the factors creating market opportunities in the forecast period. However, the high cost of Low Power Generator Sets stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Low Power Generator Sets Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the growth of the industrial sector in major countries such as India and China, the development of key market players, and low labor and utility costs in the region. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising power demand, the dominance of key market players, and the government’s increasing focus on generating clean energy sources in the region.
Major market player included in this report are:
Ashok Leyland Ltd.
Atlas Copco GroupAB
Caterpillar Inc.
Cooper Corporation
Cummins Inc.
Generac Holdings Inc.
General Electric
Kohler Co.
Mitsubishi Heavy Industries Ltd.
Wartsila Corporation
Recent Developments in the Market:
In December 2022, Atlas Copco acquired the assets of Suzhou since gas system Co, Ltd, which is a producer of on-site gas generation tools. The business that was acquired will be incorporated into the Compressor Technology Business Area’s Industrial Air division. The assets of Suzhou Since Gas System Co., Ltd. (Since Gas), a Chinese manufacturer of on-site gas generation equipment, have been fully acquired by Atlas Copco.
In July 2021, Cooper Corporation introduced a 5 KVA compact diesel genset, which proved to be the best in terms of fuel usage.
Global Low Power Generator Sets Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Fuel Type, Power Rating, Application, End-use, Industries, Portability, 50-150 kVA Fuel Type, 50-150 kVA Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Fuel Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Fuel Type:
Diesel
Gas
Hybrid
By Application:
Stand-by
Peak Shaving
Prime or Continuous Power
By Power Rating:
0-50 kVA
50-150 kVA
151-350 kVA
By End-use:
Industrial
Commercial
Residential
By Industries:
Construction
Earth Moving
Material Handling
Agri-machinery
Others
By Portability:
Stationary
Portable
By 50-150 kVA Fuel Type:
Diesel
Gas
Hybrid
By 50-150 kVA Fuel Application:
Stand-by
Peak Shaving
Prime or Continuous Power
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Low Power Generator Sets Market, by Region, 2019-2029 (USD Billion)
1.2.2. Low Power Generator Sets Market, by Fuel Type, 2019-2029 (USD Billion)
1.2.3. Low Power Generator Sets Market, by Power Rating, 2019-2029 (USD Billion)
1.2.4. Low Power Generator Sets Market, by Application, 2019-2029 (USD Billion)
1.2.5. Low Power Generator Sets Market, by End-use, 2019-2029 (USD Billion)
1.2.6. Low Power Generator Sets Market, by Industries, 2019-2029 (USD Billion)
1.2.7. Low Power Generator Sets Market, by Portability, 2019-2029 (USD Billion)
1.2.8. Low Power Generator Sets Market, by 50-150 kVA Fuel Type, 2019-2029 (USD Billion)
1.2.9. Low Power Generator Sets Market, by 50-150 kVA Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Low Power Generator Sets Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Low Power Generator Sets Market Dynamics
3.1. Low Power Generator Sets Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing infrastructure development
3.1.1.2. Increasing Industrialization
3.1.2. Market Challenges
3.1.2.1. High Cost of Low-Power Generator Sets
3.1.3. Market Opportunities
3.1.3.1. Increasing government focus on the generation of clean energy sources
3.1.3.2. Developing commercial facilities such as shopping malls
Chapter 4. Global Low Power Generator Sets Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Low Power Generator Sets Market, by Fuel Type
6.1. Market Snapshot
6.2. Global Low Power Generator Sets Market by Fuel Type, Performance – Potential Analysis
6.3. Global Low Power Generator Sets Market Estimates & Forecasts by Fuel Type 2019-2029 (USD Billion)
6.4. Low Power Generator Sets Market, Sub Segment Analysis
6.4.1. Diesel
6.4.2. Gas
6.4.3. Hybrid
Chapter 7. Global Low Power Generator Sets Market, by Power Rating
7.1. Market Snapshot
7.2. Global Low Power Generator Sets Market by Power Rating, Performance – Potential Analysis
7.3. Global Low Power Generator Sets Market Estimates & Forecasts by Power Rating 2019-2029 (USD Billion)
7.4. Low Power Generator Sets Market, Sub Segment Analysis
7.4.1. 0-50 kVA
7.4.2. 50-150 kVA
Chapter 8. 151-350 kVA Global Low Power Generator Sets Market, by Application
8.1. Market Snapshot
8.2. Global Low Power Generator Sets Market by Application, Performance – Potential Analysis
8.3. Global Low Power Generator Sets Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Low Power Generator Sets Market, Sub Segment Analysis
8.4.1. Stand-by
8.4.2. Peak Shaving
8.4.3. Prime or Continuous Power
Chapter 9. Global Low Power Generator Sets Market, by End-use
9.1. Market Snapshot
9.2. Global Low Power Generator Sets Market by End-use, Performance – Potential Analysis
9.3. Global Low Power Generator Sets Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
9.4. Low Power Generator Sets Market, Sub Segment Analysis
9.4.1. Industrial
9.4.2. Commercial
9.4.3. Residential
Chapter 10. Global Low Power Generator Sets Market, by Industries
10.1. Market Snapshot
10.2. Global Low Power Generator Sets Market by End-use, Performance – Potential Analysis
10.3. Global Low Power Generator Sets Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
10.4. Low Power Generator Sets Market, Sub Segment Analysis
10.4.1. Construction
10.4.2. Earth Moving
10.4.3. Material Handling
10.4.4. Agri-machinery
10.4.5. Others
Chapter 11. Global Low Power Generator Sets Market, by Portability
11.1. Market Snapshot
11.2. Global Low Power Generator Sets Market by End-use, Performance – Potential Analysis
11.3. Global Low Power Generator Sets Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
11.4. Low Power Generator Sets Market, Sub Segment Analysis
11.4.1. Stationary
11.4.2. Portable
Chapter 12. Global Low Power Generator Sets Market, by 50-150 kVA Fuel Type
12.1. Market Snapshot
12.2. Global Low Power Generator Sets Market by End-use, Performance – Potential Analysis
12.3. Global Low Power Generator Sets Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
12.4. Low Power Generator Sets Market, Sub Segment Analysis
12.4.1. Diesel
12.4.2. Gas
12.4.3. Hybrid
Chapter 13. Global Low Power Generator Sets Market, by 50-150 kVA Application
13.1. Market Snapshot
13.2. Global Low Power Generator Sets Market by End-use, Performance – Potential Analysis
13.3. Global Low Power Generator Sets Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
13.4. Low Power Generator Sets Market, Sub Segment Analysis
13.4.1. Stand-by
13.4.2. Peak Shaving
13.4.3. Prime or Continuous Power
Chapter 14. Global Low Power Generator Sets Market, Regional Analysis
14.1. Low Power Generator Sets Market, Regional Market Snapshot
14.2. North America Low Power Generator Sets Market
14.2.1. U.S. Low Power Generator Sets Market
14.2.1.1. Fuel Type breakdown estimates & forecasts, 2019-2029
14.2.1.2. Power Rating breakdown estimates & forecasts, 2019-2029
14.2.1.3. Application breakdown estimates & forecasts, 2019-2029
14.2.1.4. End-use breakdown estimates & forecasts, 2019-2029
14.2.1.5. Industries breakdown estimates & forecasts, 2019-2029
14.2.1.6. Portability breakdown estimates & forecasts, 2019-2029
14.2.1.7. 50-150 kVA Fuel Type breakdown estimates & forecasts, 2019-2029
14.2.1.8. 50-150 kVA Fuel Application breakdown estimates & forecasts, 2019-2029
14.2.2. Canada Low Power Generator Sets Market
14.3. Europe Low Power Generator Sets Market Snapshot
14.3.1. U.K. Low Power Generator Sets Market
14.3.2. Germany Low Power Generator Sets Market
14.3.3. France Low Power Generator Sets Market
14.3.4. Spain Low Power Generator Sets Market
14.3.5. Italy Low Power Generator Sets Market
14.3.6. Rest of Europe Low Power Generator Sets Market
14.4. Asia-Pacific Low Power Generator Sets Market Snapshot
14.4.1. China Low Power Generator Sets Market
14.4.2. India Low Power Generator Sets Market
14.4.3. Japan Low Power Generator Sets Market
14.4.4. Australia Low Power Generator Sets Market
14.4.5. South Korea Low Power Generator Sets Market
14.4.6. Rest of Asia Pacific Low Power Generator Sets Market
14.5. Latin America Low Power Generator Sets Market Snapshot
14.5.1. Brazil Low Power Generator Sets Market
14.5.2. Mexico Low Power Generator Sets Market
14.6. Rest of The World Low Power Generator Sets Market
Chapter 15. Competitive Intelligence
15.1. Top Market Strategies
15.2. Company Profiles
15.2.1. Ashok Leyland
15.2.1.1. Key Information
15.2.1.2. Overview
15.2.1.3. Financial (Subject to Data Availability)
15.2.1.4. Product Summary
15.2.1.5. Recent Developments
15.2.2. Atlas Copco AB
15.2.3. Caterpillar Inc.
15.2.4. Cooper Corporation
15.2.5. Cummins Inc.
15.2.6. Generac Holdings Inc.
15.2.7. General Electric
15.2.8. Kohler Co.
15.2.9. Mitsubishi Heavy Industries Ltd.
15.2.10. Wartsila Corporation
Chapter 16. Research Process
16.1. Research Process
16.1.1. Data Mining
16.1.2. Analysis
16.1.3. Market Estimation
16.1.4. Validation
16.1.5. Publishing
16.2. Research Attributes
16.3. Research Assumption
At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.
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