MARKET REPORT

STATIONARY GENERATORS MARKET- GLOBAL INDUSTRY ANALYSIS AND FORECAST (2022-2027)

According to Maximise Market Research (MMR) the global Stationary Generator Market was valued at US$ 20.50 billion in 2021. The global Stationary Generator Market size is expected to grow at a CAGR (Compound Annual Growth Rate) of 6.57 % through the forecast period. Stationary generators can support very high outputs ranging from 3kW to hundreds of kilowatts over a long period. [www.maximizemarketresearch.com] These generators supply a certain amount of electricity to various industries like pharmaceuticals, manufacturing, telecommunications, pharmaceuticals, automobiles, mining, oil & gas. The increasing number of cases of power outages & the emergence of multiple industries have adopted it. A large investment in the infrastructure of airports, roads, railroads, & commercial buildings will help advance the industry. Products will also be driven by greater trade & transportation activity, as well as expanded fossil fuel exploration. As people become more reliant on electricity & digitisation, the demand for long-lasting energy resources may rise. Large investments in metal & mineral mining for the automotive, pharmaceutical, chemical, & aerospace industries may also help to boost adoption. These elements have the potential to propel market expansion in the next years. 2021 is considered as a base year to forecast the market from 2022 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years’ trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Stationary Generator Market Dynamics

The APAC region is developing rapidly in every sector. They are promoting to develop the manufacturing facilities because with rapid urbanisation the demand for goods is rising & it plays a major role in the economy of the country. The growth in manufacturing sectors is beneficial for the stationary generator market as demand for the generators increases. Fixed generators help to avoid frequent power outages & provide uninterruptible power supplies. The steady increase in global electricity demand due to population growth, industrialization, & urbanization is expected to increase product demand & expand the growth of the

UNRELIABLE & INADEQUATE POWER SUPPLY FROM THE GRID IS EXPECTED TO DRIVE PRODUCT ACCEPTANCE & BOOST GROWTH, WITH SIGNIFICANT MARKETS FOR AIRPORT, RAIL, AND ROAD SECTORS.

global stationary generator market. Increased technological development & increased exchange of consumer goods are driving factors for the development of industry, trade, transportation, & infrastructure. Unreliable & inadequate power supply from the grid is expected to drive product acceptance & boost the market growth. The significant development of airport, rail, and road infrastructure in developing & developed countries is expected to create market-friendly growth opportunities. The competition in this market is going to be intense in upcoming years as leaders in the market invest money in R&D to come up with innovative solutions for consumers. Increased adoption of clean energy technologies & increased investment in the utility sector can hinder the market growth during the forecast period. Renewable energy is the fast-emerging trend in the market which is a threat to the stationary generator market. It can reduce the demand for stationary generators. In the upcoming 5 years it will be a major threat to the stationary generator market, the solar capacity is likely to increase by 600GW, also share of the renewable energy will reach 30% by 2024. Based on fuel type, the Stationary Generator Market is segmented into Diesel, Gas, and others. The most popular is diesel because of its high fuel economy lower tax & suitability of diesel for different engines. It gives highly reliable performance. Diesel generators held over 65% of the general sales percentage withinside the worldwide generator market.