About Emergency Power Generator
An emergency power generator is an independent source of electrical power that supports important electrical systems on loss of normal power supply. A standby power system may include a standby generator, batteries, and other apparatus. These generators are installed to protect life and property from the consequences of loss of primary electric power supply. It is a form of a continual power system. It provides backup power which automatically switches over to keep you running, whatever may happen with the local power grid. There are different types of generators Gas generators, Diesel standby power, and Bi-fuel system. Increasing Demand for Uninterrupted and Reliable Power Supply across the globe for residential and industrial applications is booming the demand for the emergency power generators market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Emergency Power Generator market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caterpillar Inc. (United States), Cummins Inc. (United States), Generac Holdings, Inc. (United States), Kohler Co. (United States), Mitsubishi Heavy Industries, Ltd. (Japan), Briggs & Stratton Corporation (United States), Kirloskar Electric Co. Ltd. (India), MQ Power Corp. (United States), Rolls-Royce Power Systems AG (Germany) and Wartsila Oyj Abp (Finland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Wacker Neuson (Germany), Yanmar (Japan), General Electric (United States) and Honda Motor (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Emergency Power Generator market by Type (Diesel Generator, Gas Generator and Other), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Emergency Power Generator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Rating, the sub-segment i.e. Less than 75 kVA will boost the Emergency Power Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industrial, the sub-segment i.e. Oil & Gas will boost the Emergency Power Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for portable power generator
Market Growth Drivers:
Increasing adoption of emergency power generators in the health care industries and Rising Concerns Over Power Stability for Uninterrupted Business Operations During Natural Calamities
Challenges:
Stringent Emission Government Regulations for Diesel Engines and High Operation and Maintenance Costs
Restraints:
Increasing Adoption of Energy Storage Technologies and Issues related to the Limit of the Power Generation Capacity
Opportunities:
Growing adoption of Bi-Fuel and Inverter Generators and Rise in the Power Loss Due to Aging Infrastructure
Market Leaders and their expansionary development strategies
In August 2023, Yamaha partners with Generac to offer co-branded portable generators, combining their expertise and expanding market reach.
In October 2023, Caterpillar unveils its Cat Microgrid Container, a pre-integrated and rapidly deployable power generation and energy management system for disaster response and critical infrastructure backup.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Emergency Power Generator Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.