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NEW YORK , March 16, 2022 /PRNewswire/ -- The Stationary Generator Market Share is expected to increase by USD 7.20 billion from 2021 to 2026, with an accelerated CAGR of 6.64%- according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

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Stationary Generator Market Facts at a Glance-

The stationary generator market is fragmented and the vendors are deploying growth strategies such as finding ways to differentiate their product offerings in terms of enhanced quality and technological developments in the global market to compete in the market.

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50% of the market's growth will originate from APAC during the forecast period. China , Taiwan , and India are the key markets for stationary generators in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The demand for electricity has increased exponentially in APAC due to rapid industrialization and increasing per capita electric power consumption. Consequently, the existing power infrastructure came under tremendous pressure to ensure adequate supply to meet the required power demand. This will facilitate the stationary generator market growth in APAC over the forecast period.

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Latest Drivers & Trends of the Market-

The demand for energy across the world is rising rapidly, which is primarily due to a supply-demand imbalance and the growing focus on economic development, especially investments related to industrialization. Therefore, the need to mitigate power interruptions has led to substantial investments to enhance the power infrastructure in developed and developing countries. The aging of the power infrastructure has been a key concern for many countries as it increases the strain on power grids, which is a key cause of power disruptions in utilities. The frequency of power outages, which are usually caused by natural disasters, distribution station failure, load shedding, maintenance shutdown, vandalism, and cyberattacks, has also increased in developed countries such as the US and the UK. End-users are adopting stationary power generators to address the need for power during outages and shortages. Hence, the growing frequency of power grid failures is likely to drive the growth of the global stationary generator market during the forecast period. 

The fuel used in stationary generators represents a substantial part of the overall operating cost of the end-users. The cost of fuel was volatile in the last decade as the price of oil and gas recorded periods of lows and highs depending on the demand-supply dynamics. Technological advances have made it possible for vendors to design dual-fuel and tri-fuel systems that enable diesel engines to operate on CNG without incorporating any prominent and permanent changes in the engines. Such systems are affordable and operationally reliable. The dual-fuel system is also believed to serve better under ideal operating conditions. The adoption of such generators is increasing among preppers or survivalists that need to be prepared for emergency situations. Most people tend to purchase generators that can be operated using three different fuels. Thus, when one or two of the fuels are not available, users can have an emergency backup fuel to meet their power needs. Though tri-fuel and dual-fuel generators are currently available as portable generators, their increasing popularity may encourage the major vendors in the global stationary generator market to launch them as standby generators in the coming years.

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Accelerate at a CAGR of 6.64%

APAC, North America, Europe, Middle East and Africa, and South America

US, Mexico, China, Taiwan, and India

Leading companies, competitive strategies, consumer engagement scope

Aggreko Plc, APR Energy, Atlas Copco AB, Briggs and Stratton LLC, Caterpillar Inc., Cummins Inc., Daewoo International Corp., Generac Power Systems Inc., Honeywell International Inc., Hyundai Heavy Industries Group, Kirloskar Electric Co. Ltd., Kohler Co., Mitsubishi Heavy Industries Ltd., Multiquip Inc., Quanta Services Inc., Rolls-Royce Plc, Scotts Emergency Lighting and Power Generation Inc., Siemens AG, Wartsila Corp., and Yanmar Holdings Co. Ltd.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

12.3 Currency conversion rates for US$

Exhibit 147: Currency conversion rates for US$

Exhibit 149: Validation techniques employed for market sizing

About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

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