Gas Generators: Global Strategic Business Report

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