Global Inverter Market

A solar inverter is defined as a device that turns the energy produced by solar panels into usable electricity that can be used in a house or office. A solar inverter which is a significant part of the solar power system converts the variable direct current, or 'DC' power from your solar panels into alternating 120V/240V current, or 'AC' power. The main types of solar inverters include central inverters, micro-inverters, and string inverters. Central solar inverters are used for systems that require hundreds of kilowatts (or even megawatts) of volume. They are not intended for domestic usage and resemble big metal cabinets, with each 'cabinet' capable of handling approximately 500kW of power. They are typically employed in commercial applications for large-scale installations or utility-scale solar farms. By system, types of solar inverter systems include on-grid and off-grid. The main end-uses of solar inverters include residential, commercial, and utilities. The solar inverter market research report is one of a series of new reports from The Business Research Company that provides solar inverter market statistics, including solar inverter industry global market size, regional shares, competitors with a solar inverter market share, detailed solar inverter market segments, market trends and opportunities, and any further data you may need to thrive in the solar inverter industry. This solar inverter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global solar inverter market size grew from $13.9 billion in 2022 to $16.09 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The solar inverter market size is expected to grow to $32.07 billion in 2027 at a CAGR of 18.8%. Rapid development in the renewable energy sector is significantly driving the growth of the solar inverter market. Solar power's rapid growth in recent years has given new life to global efforts to reduce greenhouse gas emissions and mitigate the worst effects of climate change. Solar inverters are the engines of renewable energy growth. For instance, according to the International Energy Agency (an intergovernmental organization), global renewable electricity capacity is expected to increase by more than 60% from 2020 levels to over 4,800 gigawatts (GW) by 2026, equalling the total global power capacity of fossil fuels and nuclear power combined. Additionally, solar PV continues to be the engine of renewable energy growth, with capacity additions expected to rise by 17% in 2021 to a new high of nearly 160 GW. Therefore, the rapid development in the renewable energy sector is projected to boost the growth of the solar inverter market. Technological advancement is a key trend gaining popularity in the solar inverter market. The key players in the solar inverter market are focusing on developing new technological solutions to strengthen their position in the market. For instance, in March 2021, Fronius, an Austrian solar inverter manufacturer, launched the Primo GEN24 Plus hybrid inverter for residential use. The single-phase, 230 V device comes in six power classes ranging from 3 to 6 kilowatts (kW) and a DC input voltage range of 65 to 600 V. This inverter has a feature called PV Point, which acts as a backup power socket, providing backup power without the use of a battery. This can be used to power essential household items such as laptops, smartphones, and small freezers. In March 2020, FIMER SpA, an Italy-based company, acquired ABB’s solar inverter business. FIMER expects to expand its global reach as a result of this acquisition, from Latin America, where it already has a presence, to key strategic geographic regions such as Asia, Europe, the Middle East, Africa, Asia-Pacific, in particular Japan, and North America. ABB is a Switzerland-based technology company that manufactures pollution control equipment, solar inverters, switch gears, and high current rectifiers. ABB, Sma Solar Technology AG, Canadian Solar, Solaredge Technologies Inc., Delta Electronics Inc., Solectria Renewables LLC, Omron Corporation, Hitachi Hi-rel Power Electronics Private Limited, Power Electronics S.L, Schneider Electric, Sunpower, Fimer S.p.A, Fronius International GmbH, Tabuchi Electric Co. Ltd., General Electric Company, and Enphase Energy Inc. are major players in the solar inverter market. Asia-Pacific was the largest region in the solar inverter market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Solar Inverter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The solar inverter market consists of sales of microinverters, string inverters, central inverters, and other solar inverters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global solar inverter market is segmented - 1) By Type: Central Inverter, Micro Inverter, String Inverter 2) By System-Type: On-Grid, Off-Grid 3) By End-Use: Residential, Comercial, Utilities

Micro inverter refers to a small inverter that converts the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity and is connected to each solar module in an array. The main types of micro inverters include single-phase and three-phase micro inverters. A single-phase inverter converts single-phase electricity from PV modules into single-phase power that may be connected to single-phase equipment or the grid. Microinverters offer hardware, software And services. The different power rating of micro inverters includes below 250W, between 250W and 500W, and above 500W, and these inverters are used in residential, commercial, and PV power plants. The micro inverter market research report is one of a series of new reports from The Business Research Company that provides micro inverter market statistics, including micro inverter industry global market size, regional shares, competitors with a micro inverter market share, detailed micro inverter market segments, market trends and opportunities, and any further data you may need to thrive in the micro inverter industry. This micro inverter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global micro inverter market size grew from $2.33 billion in 2022 to $2.86 billion in 2023 at a compound annual growth rate (CAGR) of 22.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The micro inverter market size is expected to grow to $6.29 billion in 2027 at a CAGR of 21.8%. The increase in residential solar rooftop installations is expected to propel the growth of the micro inverter market. Microinverters are installed behind each solar panel, to convert the direct current into an alternating current. These microinverters operate independently and perform at their fullest potential compared to conventional or string inverters. For instance, according to the study published by Solar Energy Industries Association, residential solar installations in the United States increased from 19,190.5 megawatts of direct current (MWdc) in 2020 to 23,315.3 MWdc in 2021. Thus, the rise in residential solar rooftop installation and shift in interest towards highly effective power conversion technologies is expected to boost the microinverters market during the forecast period. Technological innovations are shaping the micro-inverter market. The companies operating in the microinverters market are increasingly developing innovative products with advanced technologies such as remote performance monitoring, easy installation, and other features. For instance, in 2020, Homilies, a Japan-based company developed and launched the first three-phase microinverters using reactive power control technology. This is a unique one as the user can monitor the inverter from anywhere. The three-phase microinverters have advantages such as supporting up to six modules with quality power distribution and a simple installation procedure. In July 2021, Generac, a US-based manufacturer of backup power generation products for residential, industrial and commercial markets acquired Chilicon Power for an undisclosed amount. The acquisition helps in developing technologically and innovative advanced products for the solar storage market and also helps in strengthening the competitive position in the rapidly growing energy market. With this acquisition, Generac plans to enters into the micro-inverter market to expand its business in this sector. Chilicon power is a US-based manufacturer of micro-inverter systems. Major players in the micro inverter market are Enphase Energy, AP Systems, Darfon Electronics Corporation, ReneSola, Chilicon Power, Sensata Technologies, P and P Energy Technology Co Limited, Canadian Solar, SPARQ Systems, Loom Solar, and FIMER S.p.A. North America was the largest region in the micro inverter market in 2022. Asia-Pacific is expected to be the fastest-growing region in the micro inverter market during forecast period. The regions covered in the micro inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the micro inverter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The micro-inverter market consists of sales of direct current microinverters, direct conversion inverters, wall-insulated microinverters, full-phase microinverters, and shading microinverters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global micro inverter market is segmented - 1) By Type: Single Phase, Three Phase 2) By Offering: Hardware, Software And Services 3) By Power Rating: Below 250 W, Between 250 W and 500 W, Above 500 W 4) By Application: Residential, Commercial, PV Power Plant

The string inverter refer to a device that converts the energy generated by solar arrays (Direct Current) into useable power for a residence (Alternating Current). A solar array is a group of several solar panels that work together to generate power. A string Inverter is a stand-alone box with inputs for connecting "strings" of solar panels into a single unit. Six to ten separate solar panels are usually linked together in a string-like sequence, with the end hooked into the central inverter. The main type of connections in string inverters is on-grid and off-grid. On-grid string inverter connection refers to a solar power system connected to the utility's power grid. The extra energy generated is sent to the utility system, and the consumer gets a refund. Similarly, if the system generates insufficient power, the customer can consume electricity from the grid and pay for the units consumed. The string inverters operate on different nominal output voltages including less than 230 volts, between 230 to 400, between 400 to 600, and above 600. The string inverter power ratings range from up to 10 kW, between 11 kW to 40 kW, 41 kW to 80 kW, and above 80kW. These inverters are used by residential, commercial & industrial, and utility entities. The string inverter market research report is one of a series of new reports from The Business Research Company that provides string inverter market statistics, including string inverter industry global market size, regional shares, competitors with a string inverter market share, detailed string inverter market segments, market trends and opportunities, and any further data you may need to thrive in the string inverter industry. This string inverter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global string inverter market size grew from $3.64 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The string inverter market size is expected to grow to $5.24 billion in 2027 at a CAGR of 7.6%. The increasing electricity demand is driving the string inverters market. Rapid growth in socio-economic factors such as population, urbanization, net capital income, and industrial activities in both developed and developing economies have contributed to a rapid surge in demand for electricity across the globe. Increasing demand for electricity is expected to boost the utilization of string inverters, as they act as key components to convert electricity generated from solar panels to usable electricity. According to the International Energy Agency (IEA) Renewable Energy Market Update 2021, Solar renewable energy expansion to reach 162 GW in 2022 from 145 GW in 2021. Therefore, the rise in electricity demand is expected to boost demand for string inverters during the forecast period. Technological developments are a key trend gaining popularity in the string inverter market. Smart string inverters are one of the developments in the string inverter market. Smart inverters use voltage and frequency sensors to identify grid anomalies and provide appropriate data to utility operators. Smart inverters are convenient for home rooftop solar owners since they function independently. In March 2022, Huawei unveiled a smart string energy storage system with a Smart I-V Curve Diagnosis tool that conducts comprehensive, real-time, and remote detection of PV systems at the string level. It creates automatic detection reports of underperforming PV arrays, helping utility-scale PV facilities cut O&M expenses. In March 2020, Fimer Spa, an Italy-based solar inverters manufacturer acquired AAB Ltd for an undisclosed amount. Through this acquisition, Firmer Spa aims to strengthen its product portfolio in solar inverters. AAB Ltd is a Switzerland-based company operating in solar inverters. Major players in the string inverter market are Chint Group Co Ltd., Delta, Sputnik Engineering, Growatt New Energy, Siemens, Ginlong Technologies Co, SMA Solar Technology, Fronius International, KACO New Energy GmbH, Samil Power Co Ltd., FIMER SpA, SolarMax, Hitachi Hi-Rel Power Electronics, TMEIC, and Sineng Electric Co. Asia-Pacific was the largest region in the string inverter market in 2022. The regions covered in the string inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the string inverter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The string inverter market consists of sales of straight string inverters and optimized string inverters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global string inverter market is segmented - 1) By Connection Type: On-Grid, Off-Grid 2) By Nominal Output Voltage: = 230 V, 230 - 400 V, 400 - 600 V, > 600 V 3) By Power Rating: Up to 10 kW, 11 kW – 40 kw, 41 kW – 80 kW, Above 80 kW 4) By End Use Industry: Residential, Commercial and Industrial, Utilities

The portable generator provide electrical power where electricity is unavailable or required for temporary purposes. A portable generator is a gas- or diesel-powered device designed typically to be an electrical generator that measures power in hours of use instead of days. Portable generators provide electricity by running a gas-powered engine that turns an on-board alternator, which generate electrical power. These generators provide temporary, easily transportable electric power, and are very commonly found in daily operation on all work and leisure sites. The main product types of portable generators are conventional portable generator and inverter portable generator. Inverter portable generators have varying speeds depending on the power required for a task; the more power required the faster the engine runs, making them more fuel-efficient. Some of these generators also have fixed speed set points, which helps with loads changing too frequently as small loads turn on and off. The fuels used in portable generators are diesel, gas, and others and these generators are used by residential, commercial, and industrial end users. The portable generator market research report is one of a series of new reports from The Business Research Company that provides portable generator market statistics, including portable generator industry global market size, regional shares, competitors with a portable generator market share, detailed portable generator market segments, market trends and opportunities, and any further data you may need to thrive in the portable generator industry. This portable generator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global portable generators market size grew from $5.09 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The portable generators market size is expected to grow to $8.47 billion in 2027 at a CAGR of 10.7%. The growing rate of urbanization coupled with the increasing frequency of power grid failures is propelling the growth of the portable generators market. Electricity is key to the economic progress of a nation but many countries in the world do not have proper grid infrastructure due to which there is an inadequate power supply which hampers operations of residential and industrial spaces. Portable generators help provide a reliable power supply during a blackout and ensure continuous electricity supply for residential applications, as well. Moreover, rising concerns about power instability in the residential sector due to natural calamity, and uninterrupted operations are also driving the portable generator market. For instance, in October 2022, The World Bank, an a US-based international financial institution, 4.4 billion people, or 56% of the world's population, reside in urban areas. By 2050, approximately 7 out of 10 people will live in cities, with the urban population predicted to more than double from its current level. This surge in urbanization leads to an increase in the demand for portable generators. The use of bi-fuel portable generators is a key trend gaining popularity in the portable generators market. Portable generator manufacturers have been working on technological advancements to help develop bi-fuel technology. Bi-fuel portable generators provide fuel efficiency by making use of two fuel types, generally utilizing both diesel and natural gas, providing extended running times and significant reliability. These generators are scalable and reduce the costs of storing and managing large quantities of diesel fuel. Furthermore, governments are implementing strict regulations primarily for diesel fuel-powered engines. Bi-fuel portable generators are more environmentally friendly emitting far less NOx and particulate matter than a standard diesel generator. For instance, Generac’s Bi-Fuel™ are EPA certified and emit about 30% fewer nitrogen oxides and 50% less particulate matter than comparable diesel-only units. In September 2021, SimpliPhi Power, a US-based company operating in distributed battery energy storage provider acquired Briggs & Stratton for an undisclosed amount. Through this acquisition, SimpliPhi Power aims to strengthen its product portfolio in portable generator. Briggs & Stratton Corporation is a US-based gasoline engines and portable generators. Major players in the portable generators market are Yamaha Motor Company Limited., Kohler Co., General Electric Company, Caterpillar Inc., Cummins Inc., Honeywell international Inc., Generac Power Systems Inc., Eaton, Briggs & Stratton Corporation, Atlas Copco (India) Ltd., WackerNeuson SE., Champion, WINCO, Harrington Generators International Ltd., Multiquip Inc., Kirloskar Electric co. Ltd., Stanley Black & Decker Inc., STEPHILL GENERATORS Ltd., and Techtronic Industries Co. Ltd. Asia-Pacific was the largest region in the portable generators market in 2022. North America was the second largest region in the electrical and electronics market. The regions covered in portable generator report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the portable generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The portable generator market consists of sales of air cooled generator set, PTO generator, electric start generator, digital inverter generator. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global portable generators market is segmented - 1) By Fuel Type: Diesel, Gas, Other Fuel Types 2) By Product Type: Conventional Portable Generator, Inverter Portable Generator 3) By End-User: Residential, Commericial, Industrial

A power generator refers to a machine that converts mechanical energy into electrical energy for applications in external circuits to provide an uninterrupted power supply, which uses mechanical energy such as steam, gas, and water. The main types of power generator manufacturing markets are the gas generator, diesel generators, and CKD generators. The gas generator is an apparatus for generating gas. The capacity used is below 75kva, 75-375 kva, 375-750 kva, and above 750 kva. The applications are standby, peak shaving, and continuous. The various end-users are mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, and others. The power generator manufacturing market research report is one of a series of new reports from The Business Research Company that provides power generator manufacturing market statistics, including power generator manufacturing industry global market size, regional shares, competitors with a power generator manufacturing market share, detailed power generator manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the power generator manufacturing industry. This power generator manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global power generators market grew from $1776.61 billion in 2022 to $1913.39 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The power generators market is expected to grow to $2,543.23 billion in 2027 at a CAGR of 7.4%. The generator manufacturing market covered in this report is segmented by type into gas generator, diesel generators, and CKD generators. The generator manufacturing market in this report is segmented by capacity into below 75kva, 75-375 kva, 375-750 kva, and above 750 kva. The generator manufacturing market in this report is segmented by application into standby, peak shaving, and continuous. The generator manufacturing market in this report is segmented by end-user into mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, and others. Increasing demand from several industries such as mining, oil and gas, and pharmaceuticals is expected to contribute to the growth of the generator manufacturing market in the forecast period. Generators are used as a source of power backup in many industrial activities. However, in cases where grid infrastructure is absent, generators are used as the only source of power. For example, the majority of the mining sites are located in remote locations and require generators for their day-to-day power requirements. For instance, the mining market in India is expected to increase to $126 billion in 2022 at a CAGR of 4.63%. Economic growth in emerging markets is increasing industrial activity which in turn will drive the market for generators in the forecast period. Government initiatives to promote building and maintaining a robust energy infrastructure will drive the demand for power generation systems which in turn is expected to restrain the market for generators in the forecast period. For instance, in September 2021, The U.S. Department of Agriculture announced an investment of $ 464 million to build or improve renewable energy infrastructure to support rural communities. Moreover, in April 2021, according to the Ministry of New and Renewable Energy, the government of India, launched the "National Programme on High-Efficiency Solar PV Modules" Production Linked Incentive Scheme with a budget of Rs. 4,500 crores to support and encourage the production of high-efficiency solar PV module. Governments in both developed and developing countries are focusing on building and maintaining robust energy infrastructure, and it is expected to limit the growth of the generator manufacturing market. Generator manufacturing companies are increasingly manufacturing portable generators. A Portable generator provides electricity by running a gas-powered/diesel-powered engine that turns an onboard alternator to generate electrical power. The rising demand for uninterrupted and reliable power supply is increasing the demand for portable generators. Portable generators offer several advantages such as flexibility and increased ease of use. The global portable generators market is expected to reach $2.5 billion by 2024 growing at a CAGR of 4.1% through 2019. In March 2021, Albion Acquisitions, London-based Private equity acquired Aggreko for the amount of $2.3 billion. This acquisition of Agrreko will deal with I Squared Capital and TDR Capital. Aggreko is a UK-based company that provides rental power, temperature control, and compressed air systems. Major players in the power generator manufacturing market are Aggreko, Atlas CopCo., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton. Asia-Pacific was the largest region in the power generators market in 2022. The regions covered in the global power generator manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the power generator manufacturing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The power generator market consists of sales of the gas generator, diesel generators, and CKD generators. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global power generators market is segmented - 1) By Type: Gas Generator, Diesel Generator, CKD Generator 2) By Capacity: Below 75kva, 75-375 kva, 375-750 kva, Above 750 kva 3) By Application: Stand By, Peak Shaving, Continuous 4) By End User: Mining, Oil And Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Other End Users

The electric generator is defined as a device that converts mechanical energy into electrical energy for applications in external circuits. A generator uses mechanical energy such as steam, gas, and water to convert it into electrical energy for an uninterrupted power supply. The main types of electric generator manufacturing are gas generator, diesel generator, and CKD generator. A gas generator is a device that burns gas to generate electricity. Many hardware and home supply stores stock small gas generators, and larger versions are available from specialty companies and electricians who specialize in generator installation, maintenance, and repair. It is also possible to build a custom gas generator for a highly specialized application, such as supplying stable power to a server farm in a blackout. The various capacities of electric generator are below 75 kVA, 75–375 kVA, 375–750 kVA, and above 750 kVA, which are used for standby, peak shaving, and continuous application. The electric generator are used by mining, oil and gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, and other end users. The electric generator manufacturing market research report is one of a series of new reports from The Business Research Company that provides electric generator manufacturing market statistics, including electric generator manufacturing industry global market size, regional shares, competitors with a electric generator manufacturing market share, detailed electric generator manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the electric generator manufacturing industry. This electric generator manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global electric generators market size will grow from $27.8 billion in 2022 to $29.54 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electric generators market size is expected to grow to $36.27 billion in 2027 at a CAGR of 5.3%. Increasing demand from several industries such as mining, oil and gas, and pharmaceuticals is expected to contribute to the growth of the generator manufacturing market in the forecast period. Generators are used as a source of power backup in many industrial activities. However, in cases where grid infrastructure is absent, generators are used as the only source of power. For example, majority of the mining sites are located in remote locations, and require generators for their day-to-day power requirements. For instance, at the end of fiscal year 2020, the growth rate in the production of mining industry across India was about 1.6%. Preliminary data for the fiscal year 2021 indicates a dramatic deacceleration of the mining industry production growth rate. Economic growth in emerging markets is increasing the industrial activity which in turn will drive the market for generators in the forecast period. Government initiatives to promote building and maintaining a robust energy infrastructure will drive the demand for power generation systems which in turn is expected to restrain the market for generators in the forecast period. For instance, in March 2021, government agencies are responsible for building maintenance (upkeep and repair), as well as minor repairs that improve the function, safety, and appearance of buildings. Governments in both developed and developing countries are focusing on building and maintaining a robust energy infrastructure, and it is expected to limit the growth of the generator manufacturing market. Generator manufacturing companies are increasingly manufacturing portable generators. A Portable generator provides electricity by running a gas-powered/diesel-powered engine that turns an on-board alternator to generate electrical power. Rising demand for uninterrupted and reliable power supply is increasing the demand for portable generators. Portable generators offer several advantages such as flexibility, and increased ease of use. The global portable generators market is expected to reach $2.5 billion by 2024 growing at a CAGR of 4.1% through 2019. In March 2020, NTPC's acquired government stake in THDC India and North Eastern Electric Power Corp. will help India's largest power-generation utility boost its renewable energy fuel mix and curb the dominance of coal. The state-run electric generator signed pacts with the federal government to acquire New Delhi's entire stake in the two companies for a total of 115 billion rupees ($1.52 billion US) in cash. The acquisition is part of the federal government's push to raise cash through the sale of state-owned assets to meet its disinvestment target of 650 billion rupees ($8.7 billion US) by the end of this fiscal year. The government has so far collected 348.45 billion rupees ($4.7 billion US). Major players in the electric generator market are Aggreko, Atlas CopCo., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton. Asia-Pacific was the largest region in the electric generator market in 2022. Western Europe was the second-largest region in the global electric generator market. The regions covered in the global electric generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.  The countries covered in the electric generator market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The electric generator market consists of sales of gas generators, diesel generators, and other electric generators. This market excludes turbine generators. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global electric generators market is segmented - 1) By Type: Gas Generator, Diesel Generator, CKD Generator 2) By Capacity: Below 75kva, 75-375 kva, 375-750 kva, Above 750 kva 3) By Application: Stand By, Peak Shaving, Continuous 4) By End User: Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Other End-Users

The hydrogen generators refers to generator that produce hydrogen from water using an electrolysis process. A proton exchange membrane (PEM) is used in a hydrogen generator to produce high-quality hydrogen gas from water. Hydrogen generators can be either hydrogen-powered or hydrogen-producing machines. The main types of products in hydrogen generators are onsite and portable. The onsite hydrogen generators allow for easy installation and fast start-up with unattended operation. The different processes used in the hydrogen generator are steam reforming, electrolysis, and others and operate in various capacities such as less than 300 W, 300 W to 1 KW, and more than 1 KW. The hydrogen generators are used in chemical processing, fuel cells, petroleum recovery, refining, and others. The hydrogen generators market research report is one of a series of new reports from The Business Research Company that provides hydrogen generators market statistics, including hydrogen generators industry global market size, regional shares, competitors with a hydrogen generators market share, detailed hydrogen generators market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen generators industry. This hydrogen generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global hydrogen generators market size grew from $1.18 billion in 2022 to $1.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen generators market size is expected to grow to $1.92 billion in 2027 at a CAGR of 10.1%. Government regulations over greenhouse gas emissions are expected to propel the growth of the hydrogen generators market going forward. Global greenhouse gas emissions are increasing, mainly due to fossil fuel consumption and industrialization. Hydrogen generators are being developed by major companies because they produce hydrogen by electrolysis, which produces zero greenhouse gas emissions. For instance, in December 2021, the environmental Protection Agency (EPA), a US-based government agency, has finalised updated national greenhouse gas (GHG) emissions requirements for passenger vehicles and light trucks for model years 2023-2026. The final guidelines would result in significant reductions in GHG emissions in addition to other criterion pollutants. The rule would provide significant public health and welfare advantages while saving customers money on gasoline prices. Hence, Government and environmental organizations are strengthening regulations to control greenhouse gas emissions which drives the hydrogen generators market. Large-scale investments in research and development are shaping the hydrogen generators market. Individual companies from different industries are increasingly focused on incorporating hydrogen into their long-term strategies, and the market has seen a range of joint venture (JV) collaborations across all industries. For instance, according to Sullivan & Cromwell, a US-based law company reported in 2020, funding for hydrogen technology research and pilot projects has increased significantly in the past five years, especially in Europe and Asia. The EU is expected to implement an ambitious hydrogen research program through its “Horizon Europe” initiative and the “European Partnership” for hydrogen research to address "market failure for first-movers". These initiatives can lower the barriers to entry for first-mover companies and support the expansion efforts of vehicle manufacturers and infrastructure developers. In addition, for larger-scale generation, turbine makers Mitsubishi and Ansaldo are working on hydrogen-powered turbines, and Siemens has committed to making all of its gas turbines hydrogen-powered by 2030. In June 2020, Plug Power Inc., a US-based company engaged in the development of hydrogen fuel cell systems, acquired United Hydrogen Group Inc. and Giner ELX for an undisclosed amount. This acquisition strengthens Plug Power's position in the hydrogen market by adding capabilities in hydrogen fuel generation, liquefaction, and distribution to its world-leading position in the design, building, and management of customer-facing hydrogen fuelling stations. United Hydrogen Group Inc. is a Pennsylvania-based manufacturer of hydrogen generators company. Major players in the hydrogen generators market are Epoch Energy Technology Corporation, Air Products and Chemicals Inc., Ideroenergy, Proton OnSite, Hy9 Corporation, Air Liquide, McPhy Energy SAS, Praxair Technology, Nel ASA, Suzhou Jingli, Deokyang Co. Ltd., Nuvera Fuel Cells LLC, MVS Engineering Pvt. Ltd., Teledyne and Helbio S.A. North America was the largest region in the hydrogen generators market in 2022. The regions covered in the hydrogen generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Hydrogen Generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The hydrogen generator market consists of sales a hydrogen and oxygen tank, a fuel cell stack, AT PC power supply components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen generators market is segmented - 1) By Product Type: Onsite, Portable 2) By Process: Steam Reforming, Electrolysis, Other Processes 3) By Capacity: Less Than 300 W, 300W - 1 KW, More Than 1 KW 4) By Application: Chemical Processing, Fuel Cells, Petroleum Recovery, Refining, Other Applications

The motors and generators market consists of sales of motors, generators, and related services by entities (organizations, sole traders, partnership) that are used to isolate electrical loads from power supply lines. The motor converts electrical energy into mechanical energy, and the generator converts mechanical energy into electrical energy. The main types of motors and generators are motor manufacturing and generator manufacturing. The functions are performance, comfort and convenience, safety and security, and it is used in industrial, commercial, and residential settings. The global motors and generators market size is expected to grow from $86.86 billion in 2021 to $92.62 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The global motors and generators market size is expected to grow to $105.56 billion in 2026 at a compound annual growth rate (CAGR) of 3.3%. The increasing use of household appliances is expected to propel the growth of the motors and generators manufacturing market in the forecast period. Increasing electrification, rising disposable income, and rapid urbanization, along with several other factors, are boosting the demand for household appliances, which in turn will drive the market for motors. For instance, according to CDI Global, a capital market company, the global household appliances market generated total revenue of $542 billion in 2019. Also, the volume of sales for the same year amounted to 4.3 billion pieces. Therefore, the increasing use of household appliances is driving the growth of the motors and generators market. Increased tariffs on raw materials such as steel and aluminum restrained the market for motors and generators manufacturing in the historic period. Steel and aluminum are predominantly used in manufacturing the components for motors. Increasing import tariffs on raw materials such as steel have hindered the market for household fans. For instance, according to ECOMCREW, a Canada-based e-commerce business blog, in May 2019, nearly half of all goods that America imports from China were subject to an additional 25% tariff. In August 2019, the Trump Administration imposed 10% duties on all remaining products not currently subject to additional duties. An increase in tariffs will increase operating expenses, thereby restraining the growth of the market. The emergence of portable generators is a key trend gaining popularity in the motors and generators market. Companies operating in the motors and generators market are focusing on developing new products to sustain their position in the market. For instance, in June 2022, Honda Siel Power Products Ltd., an India-based motor and generator manufacturer, launched the new Honda EU3200i, the newest generator in the Honda Super Quiet EU Series lineup. The high-output Honda EU3200i delivers more power and more convenience and is available in a compact, space-saving, portable package. In December 2019, Voith Group, a Germany-based machine company, acquired Elin Motoren GmbH for an undisclosed amount. This acquisition of ELIN Motoren would be an excellent addition to the industrial drive solutions and supports the Voith group company’s position as a technology-independent supplier of drive systems. Win Motoren GmbH is an Austrian-based company that produces motors and generators for international companies. The major players in the motors and generators market are Siemens AG, ASMO, Rockwell Automation, Emerson Electric Co., ABB Ltd., Nidec, General Electric Co., Baldor Electric Co., Danahar Motion LLC, and Kollmorgen Corp. Asia-Pacific was the largest region in the motors and generators manufacturing market in 2021. The regions covered in the global motors and generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motors and generators market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global motors and generators market is segmented - 1) By Type: Motor Manufacturing, and Generator Manufacturing 2) By End-User: Industrial, Commercial, and Residential