Global Gas Generators Market to Reach $14.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Gas Generators estimated at US$9.5 Billion in the year 2020, is projected to reach a revised size of US$14.2 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027. Industrial, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$6.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Commercial segment is readjusted to a revised 6.3% CAGR for the next 7-year period.The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 8.9% CAGR
The Gas Generators market in the U.S. is estimated at US$2.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2027.Residential Segment to Record 5.1% CAGR
In the global Residential segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.3% CAGR through the analysis period.Select Competitors (Total 14 Featured) -
- Aggreko PLC
- APR Energy
- Briggs & Stratton Corporation
- Camda New Energy Equipment Co. Ltd.
- Caterpillar, Inc.
- Cooper Corporation Pvt. Ltd.
- Cummins, Inc.
- Dresser-Rand Group, Inc.
- Elcos s.r.l.
- FG Wilson
- Generac Power Systems, Inc.
- General Electric Company
- Genesal Energy
- GENMAC srl
- Greaves Cotton Limited
- Guangdong Honny Power-Tech Co., Ltd.
- Guangdong Westin Power Co., Ltd.
- Himoinsa Power Systems, Inc.
- Himoinsa S.L.
- Jakson Group
- Kirloskar Oil Engines Ltd.
- Kohler Co.
- MAN Truck & Bus AG
- Mitsubishi Heavy Industries Ltd.
- Perkins Engines Company Limited
- Powerica Limited
- PR INDUSTRIAL srl
- Rolls-Royce Power Systems AG
- Shandong Naipute Gas Power Co., Ltd.
- Sudhir Power Ltd.
- Wartsila Corporation
- Wuxi Baifa Power Ltd.
- Yamaha Motor Co., Ltd.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and a Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 232 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 9.5 Billion |
Forecasted Market Value ( USD | $ 14.2 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aggreko PLC
- APR Energy
- Briggs & Stratton Corporation
- Camda New Energy Equipment Co. Ltd.
- Caterpillar, Inc.
- Cooper Corporation Pvt. Ltd.
- Cummins, Inc.
- Dresser-Rand Group, Inc.
- Elcos s.r.l.
- FG Wilson
- Generac Power Systems, Inc.
- General Electric Company
- Genesal Energy
- GENMAC srl
- Greaves Cotton Limited
- Guangdong Honny Power-Tech Co., Ltd.
- Guangdong Westin Power Co., Ltd.
- Himoinsa Power Systems, Inc.
- Himoinsa S.L.
- Jakson Group
- Kirloskar Oil Engines Ltd.
- Kohler Co.
- MAN Truck & Bus AG
- Mitsubishi Heavy Industries Ltd.
- Perkins Engines Company Limited
- Powerica Limited
- PR INDUSTRIAL srl
- Rolls-Royce Power Systems AG
- Shandong Naipute Gas Power Co., Ltd.
- Sudhir Power Ltd.
- Wartsila Corporation
- Wuxi Baifa Power Ltd.
- Yamaha Motor Co., Ltd.