{"id":659007,"date":"2023-07-10T21:00:01","date_gmt":"2023-07-10T21:00:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=659007"},"modified":"2023-07-10T21:00:01","modified_gmt":"2023-07-10T21:00:01","slug":"generator-sales-market-size-to-reach-345-billion-by-2030","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/generator-sales-market-size-to-reach-345-billion-by-2030_659007.html","title":{"rendered":"Generator Sales Market Size to Reach $34.5 billion by 2030"},"content":{"rendered":"
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\"Generator<\/a><\/div>\n
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The major players in the generator sales market are Caterpillar (US), Cummins (US), Generac (US), and Rolls-Royce Holdings (UK).<\/div>\n<\/div>\n<\/div>\n
The generator sales market is expected to grow from an estimated USD 23.1 billion in 2023 to USD 34.5 billion by 2030, at a CAGR of 5.9% during the forecast period.<\/div>\n

Generator Sales Market<\/a><\/strong> is projected to reach USD 34.5 billion in 2030 from USD 23.1 billion in 2023 at a CAGR of 5.9% according to a new report by MarketsandMarkets™.<\/strong> Generators are devices that convert mechanical energy into electrical energy. They consist of an engine or motor that drives a rotor, which creates a rotating magnetic field. This field induces an electric current in the stator windings, producing usable electrical power for various applications, such as providing backup power during outages.<\/p>\n

Download PDF Brochure @ https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=47544335<\/a><\/strong><\/p>\n

Commercial, by end-user industry, is expected be the largest market during the forecast period.<\/strong><\/p>\n

Based on end-user industry, the generator sales market has been split into commercial, residential, industrial. Commercial end users include IT & telecom, healthcare, data centers, and others. Other commercial end users include hotels, shopping complexes, malls, and public infrastructure.  Blackouts in commercial premises can lead to huge financial losses and safety issues. Also, it is challenging for IT and other commercial end users to conduct smooth operations during peak hours and in remote locations using power grids. Generators indirectly protect business interests and revenues by running operations smoothly and avoiding losses. These benefits is driving the market for commercial segment.<\/p>\n

The direct segment, by sales channel is expected to be the fastest segment during the forecast period<\/strong><\/p>\n

Companies offering generators directly to end users or EPC contractors in different regions are considered under the direct sales segment. This mode eliminates the intermediaries involved in product distribution and helps avoid expensive overheads and reduce advertising costs. This advantage is driving the segment to the fastest market.<\/p>\n

North America is expected to be the second largest region in the generator sales market<\/strong><\/p>\n

North America is expected to be the second largest generator sales market during the forecast period. Extensive LNG projects and growing investments in manufacturing and chemicals & petrochemicals industries are the primary drivers of the market in this region. Due to its large-scale industrial sector and the world’s highest per capita energy consumption, the region has tremendous energy requirements. This is creating demand for the generators in the market.<\/p>\n

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Some of the major players in the generator sales  market<\/strong> are Caterpillar Inc. (US), Cummins Inc. (US), Rolls-Royce Holdings plc (UK), Generac Holdings Inc.  (US), Mitsubishi Heavy Industries, Ltd. (Japan). The major strategies adopted by these players include acquisitions, sales contracts, product launches, partnerships, and expansions.<\/p>\n

Browse Related Reports:<\/strong><\/p>\n

Portable Generator Market<\/a> – Global Forecast to 2027<\/strong><\/p>\n

About MarketsandMarkets™<\/strong><\/p>\n

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.<\/p>\n

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.<\/p>\n

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.<\/p>\n

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.<\/p>\n

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Website:<\/strong> https:\/\/www.marketsandmarkets.com\/Market-Reports\/generator-sales-market-47544335.html<\/a><\/p>\n

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The major players in the generator sales market are Caterpillar (US), Cummins (US), Generac (US), and Rolls-Royce Holdings (UK). The generator sales market is expected to grow from an estimated USD 23.1 billion in 2023 to USD 34.5 billion by … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[418,408,409,410,403],"tags":[],"class_list":["post-659007","post","type-post","status-publish","format-standard","hentry","category-Building-Construction","category-Electronics-Semiconductors","category-Energy-Environment","category-Manufacturing-Industry","category-UK"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/659007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=659007"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/659007\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=659007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=659007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=659007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}