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Solid Oxide Fuel Cell Market by Type (Planar & Tubular), Application (Portable, Stationary, & Transport), End User (Commercial & Industrial, Data Cent...

Publisher:        MarketsandMarkets

# of Pages:        231

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1 User License $4,950

Publication Date:  March, 2022

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1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 DEFINITION 28
1.3 INCLUSIONS AND EXCLUSIONS 29
1.3.1 SOLID OXIDE FUEL CELL MARKET, BY APPLICATION 29
1.3.2 SOLID OXIDE FUEL CELL MARKET, BY END USER 29
1.4 MARKET SCOPE 30
1.4.1 SOLID OXIDE FUEL CELL MARKET SEGMENTATION 30
1.4.2 REGIONAL SCOPE 30
1.5 YEARS CONSIDERED 31
1.6 CURRENCY 31
1.7 LIMITATIONS 31
1.8 STAKEHOLDERS 32
1.9 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 1 SOLID OXIDE FUEL CELL MARKET: RESEARCH DESIGN 35
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 36
FIGURE 2 DATA TRIANGULATION METHODOLOGY 36
2.2.1 SECONDARY DATA 37
2.2.2 PRIMARY DATA 37
2.2.2.1 Key insights from primary sources 38
2.2.2.2 Breakdown of primaries 39
2.3 MARKET SIZE ESTIMATION 39
2.3.1 BOTTOM-UP APPROACH 39
FIGURE 3 SOLID OXIDE FUEL CELL MARKET: INDUSTRY-/REGION- WISE ANALYSIS 40
2.3.2 TOP-DOWN APPROACH 40
FIGURE 4 SOLID OXIDE FUEL CELL MARKET: TOP-DOWN APPROACH 41
2.3.3 DEMAND SIDE METRICS 42
FIGURE 5 MAIN METRICS CONSIDERED FOR ANALYZING DEMAND FOR SOLID OXIDE FUEL CELLS 42
2.3.3.1 Regional analysis 42
2.3.3.2 Country analysis 42
2.3.3.3 Demand-side key assumptions 43
2.3.3.4 Demand-side calculation 43
2.3.4 SUPPLY-SIDE ANALYSIS 44
FIGURE 6 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SOLID OXIDE FUEL CELLS 44
FIGURE 7 SOLID OXIDE FUEL CELL MARKET: SUPPLY-SIDE ANALYSIS 45
2.3.4.1 Calculations for supply side 45
2.3.4.2 Assumptions for supply side 45
FIGURE 8 SOLID OXIDE FUEL CELL MARKET: MARKET SHARE ANALYSIS 46
2.4 FORECAST 46
3 EXECUTIVE SUMMARY 47
TABLE 1 SOLID OXIDE FUEL CELL MARKET SNAPSHOT 47
FIGURE 9 NORTH AMERICA HELD LARGEST SHARE OF SOLID OXIDE FUEL CELL MARKET IN 2021 48
FIGURE 10 PLANAR SEGMENT EXPECTED TO DOMINATE SOLID OXIDE FUEL CELL MARKET, BY TYPE, 2022–2027 49
FIGURE 11 STATIONARY SEGMENT EXPECTED TO LEAD SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, 2022–2027 49
FIGURE 12 COMMERCIAL & INDUSTRIAL SEGMENT EXPECTED TO LEAD SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2027 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES IN SOLID OXIDE FUEL CELL MARKET 51
FIGURE 13 INCREASING DEMAND FOR CLEAN POWER GENERATION TO BOOST MARKET GROWTH FROM 2022 TO 2027 51
4.2 SOLID OXIDE FUEL CELL MARKET, BY REGION 52
FIGURE 14 SOLID OXIDE FUEL CELL MARKET TO EXHIBIT HIGHEST CAGR IN ASIA PACIFC DURING FORECAST PERIOD 52
4.3 NORTH AMERICA SOLID OXIDE FUEL CELL MARKET, BY END USER AND COUNTRY 52
FIGURE 15 COMMERCIAL & INDUSTRIAL END USER AND US HELD LARGEST SHARES OF SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA IN 2021 52
4.4 SOLID OXIDE FUEL CELL MARKET, BY TYPE 53
FIGURE 16 PLANAR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE, BY TYPE, IN 2027 53
4.5 SOLID OXIDE FUEL CELL MARKET, BY APPLICATION 53
FIGURE 17 STATIONARY SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SOLID OXIDE FUEL CELL MARKET, BY APPLICATION, IN 2027 53
4.6 SOLID OXIDE FUEL CELL MARKET, BY END USER 54
FIGURE 18 COMMERCIAL & INDUSTRIAL SEGMENT TO DOMINATE SOLID OXIDE FUEL CELL MARKET, BY END USER, IN 2027 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 COVID-19 HEALTH ASSESSMENT 55
FIGURE 19 GLOBAL PROPAGATION OF COVID-19 56
FIGURE 20 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES 56
5.3 COVID-19 ECONOMIC ASSESSMENT 57
FIGURE 21 COMPARISON OF GDP FOR SELECTED G20 COUNTRIES IN 2020 57
5.4 MARKET DYNAMICS 58
FIGURE 22 SOLID OXIDE FUEL CELL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.4.1 DRIVERS 58
5.4.1.1 Government subsidies and increased R&D on fuel cell programs 58
5.4.1.2 Fuel flexibility and increasing demand for energy-efficient power generation 59
5.4.1.3 Stringent emission norms in Europe and North America leading to demand for clean energy sources 59
FIGURE 23 ENERGY-RELATED CO2 EMISSIONS, 1990–2019 (GT CO2) 60
5.4.2 RESTRAINTS 60
5.4.2.1 High fuel cell installation and manufacturing costs 60
5.4.2.2 Development of other types of fuel cells 60
5.4.2.3 Storage issues associated with hydrogen as fuel for SOFCs 60
5.4.3 OPPORTUNITIES 61
5.4.3.1 Rising distributed power generation applications across regions 61
TABLE 2 COMPARISON OF FUEL CELLS AND OTHER DISTRIBUTED POWER GENERATION SOURCES 61
5.4.3.2 Increasing adoption by end users in data centers and military sector 61
5.4.4 CHALLENGES 62
5.4.4.1 High operating temperatures and start-up time of SOFCs 62
5.4.4.2 Rise in investments in alternative clean technologies 62
FIGURE 24 RISE IN GLOBAL INVESTMENTS IN RENEWABLE ENERGY 62
5.4.4.3 High ceramic interconnect cost and degradation at high temperatures 63
5.5 IMPACT OF COVID-19 63
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 64
FIGURE 25 REVENUE SHIFT FOR SOLID OXIDE FUEL CELL PROVIDERS 64
5.7 MARKET MAP 65
FIGURE 26 MARKET MAP: SOLID OXIDE FUEL CELL MARKET 65
TABLE 3 SOLID OXIDE FUEL CELL MARKET: ROLE IN ECOSYSTEM 65
5.8 VALUE CHAIN ANALYSIS 66
FIGURE 27 VALUE CHAIN ANALYSIS: SOLID OXIDE FUEL CELL MARKET 67
5.8.1 COMPONENT MANUFACTURERS 67
5.8.2 ASSEMBLERS/MANUFACTURERS 67
5.8.3 DISTRIBUTORS (BUYERS)/END USERS 67
5.9 PRICING ANALYSIS 68
TABLE 4 SOLID OXIDE FUEL CELL MARKET: AVERAGE SELLING PRICES AND COST BREAK-UP OF SOFC STACK MANUFACTURING 68
TABLE 5 SOLID OXIDE FUEL CELL MARKET: SOLID OXIDE FUEL CELL APU BALANCE OF PLANT COST BREAKUP 69
FIGURE 28 SOFC STACK MANUFACTURING COST PER KW AS MEASURE OF NUMBER OF STACKS & SYSTEM SIZE 69
5.10 TARIFFS AND REGULATORY LANDSCAPE 70
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
5.10.2 REGULATIONS RELATED TO SOLID OXIDE FUEL CELLS 71
5.10.2.1 Regulatory framework in North America 71
5.10.2.2 Regulatory framework in Europe 72
5.10.2.3 Regulatory framework in Asia Pacific 72
5.11 PATENT ANALYSIS 73
TABLE 9 SOLID OXIDE FUEL CELL: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2017–FEBRUARY 2022 73
5.12 CASE STUDY ANALYSIS 74
5.12.1 IKEA USES FUEL CELLS FOR ON-SITE POWER GENERATION 74
5.12.1.1 Problem statement 74
5.12.1.2 Solution 74
5.12.2 SAMSUNG HEAVY INDUSTRIES PLANS FOR CLEAN POWER SHIPS UNDER JOINT DEVELOPMENT AGREEMENT WITH BLOOM ENERGY 75
5.12.2.1 Problem statement 75
5.12.2.2 Solution 75
5.13 TECHNOLOGICAL ANALYSIS 75
5.13.1 DEVELOPMENT OF HYBRID SOFC TECHNOLOGIES 76
5.14 KEY CONFERENCES AND EVENTS IN 2022 & 2023 77
TABLE 10 SOLID OXIDE FUEL CELL MARKET: DETAILED LIST OF CONFERENCES & EVENTS 77
5.15 MATERIAL ANALYSIS 78
FIGURE 29 CLASSIFICATION OF SOLID OXIDE FUEL CELL MARKET BY OPERATING TEMPERATURE 78
TABLE 11 SOLID OXIDE FUEL CELL MARKET: CURRENT SCENARIO OF MATERIAL SELECTION 79
TABLE 12 SOLID OXIDE FUEL CELL MARKET: TYPES OF SOFC SUPPORT STRUCTURES 80
FIGURE 30 SOLID OXIDE FUEL CELL MARKET: EFFECT OF CATHODE LAYER THICKNESS ON PERFORMANCE 81
TABLE 13 SOLID OXIDE FUEL CELL MARKET: INTECONNECT COATINGS 81
TABLE 14 SOLID OXIDE FUEL CELL MARKET: UPCOMING MATERIAL TRENDS 83
5.16 PORTER’S FIVE FORCES ANALYSIS 83
FIGURE 31 PORTER’S FIVE FORCES ANALYSIS FOR SOLID OXIDE FUEL CELL MARKET 84
TABLE 15 SOLID OXIDE FUEL CELL MARKET: PORTER’S FIVE FORCES ANALYSIS 84
6 SOLID OXIDE FUEL CELL MARKET, BY TYPE 87
6.1 INTRODUCTION 88
FIGURE 32 SOLID OXIDE FUEL CELL MARKET SHARE, BY TYPE, 2021 88
TABLE 16 SOLID OXIDE FUEL CELL MARKET BY TYPE, 2020–2027 (USD MILLION) 88
6.2 PLANAR 89
6.2.1 USE OF SIMPLE GEOMETRY AND RELATIVELY EASIER CONSTRUCTION PROCESS ARE PROPELLING GROWTH OF PLANAR SOFC SEGMENT 89
TABLE 17 PLANAR SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 89
6.3 TUBULAR 89
6.3.1 RAPID START-UP CAPABILITIES AND HIGH POWER DENSITIES OF TUBULAR SOFCS ARE LIKELY TO DRIVE MARKET GROWTH 89
TABLE 18 TUBULAR SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 90
7 SOLID OXIDE FUEL CELL MARKET, BY APPLICATION 91
7.1 INTRODUCTION 92
FIGURE 33 SOLID OXIDE FUEL CELL MARKET SHARE, BY APPLICATION, 2021 92
TABLE 19 SOLID OXIDE FUEL CELL MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 92
7.2 PORTABLE 93
7.2.1 PORTABLE SOLID OXIDE FUEL CELLS ARE MAINLY USED BY MILITARY ORGANIZATIONS 93
TABLE 20 PORTABLE: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 93
7.3 STATIONARY 94
7.3.1 STATIONARY SOLID OXIDE FUEL CELLS ARE WELL SUITED FOR STATIONARY POWER GENERATION 94
TABLE 21 STATIONARY: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 94
7.4 TRANSPORT 95
7.4.1 INCREASE IN DEVELOPMENT OF SOFCS FOR OPERATING HEAVY-DUTY VEHICLES TO DRIVE MARKET GROWTH 95
TABLE 22 TRANSPORT: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 96
8 SOLID OXIDE FUEL CELL MARKET, BY END USER 97
8.1 INTRODUCTION 98
FIGURE 34 SOLID OXIDE FUEL CELL MARKET SHARE, BY END USER, 2021 98
TABLE 23 SOLID OXIDE FUEL CELL MARKET, BY END USER, 2020–2027 (USD MILLION) 98
8.2 RESIDENTIAL 99
8.2.1 RISING NEED FOR ENERGY REDUCTION AND ENERGY EFFICIENCY IN RESIDENTIAL AREAS IS LIKELY TO DRIVE GROWTH OF RESIDENTIAL SEGMENT 99
TABLE 24 RESIDENTIAL: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 99
8.3 COMMERCIAL & INDUSTRIAL 100
8.3.1 NEED TO DECREASE CARBON EMISSION & INCREASING INVESTMENTS IN SHIPPING INDUSTRY LIKELY TO BOOST GROWTH OF COMMERCIAL & INDUSTRIAL SEGMENT 100
TABLE 25 COMMERCIAL & INDUSTRIAL: SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2027 (USD MILLION) 101
8.4 DATA CENTERS 101
8.4.1 GROWING NEED FOR BACK-UP POWER IN DATA CENTERS DURING OUTAGES TO SPUR GROWTH OF DATA CENTER SEGMENT 101
TABLE 26 DATA CENTERS: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (USD MILLION) 102
8.5 MILITARY & DEFENSE 102
8.5.1 HIGHER EFFICIENCIES OF SOFC SPUR DEMAND FOR SOLID OXIDE FUEL CELLS FOR MILITARY MISSIONS 102
TABLE 27 MILITARY & DEFENSE: SOLID OXIDE FUEL CELL MARKET, BY REGION,
2020–2027 (MILLION) 103
9 GEOGRAPHIC ANALYSIS 104
9.1 INTRODUCTION 105
FIGURE 35 REGIONAL SNAPSHOT: ASIA PACIFIC IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
FIGURE 36 SOLID OXIDE FUEL CELL MARKET, BY COUNTRY, 2021 105
TABLE 28 SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2027 (USD MILLION) 106
TABLE 29 SOLID OXIDE FUEL CELL MARKET, BY REGION, 2020–2027 (MW) 106
9.2 NORTH AMERICA 107
FIGURE 37 SNAPSHOT: SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA,
2021–2027 107
9.2.1 BY COUNTRY 108
TABLE 30 SOLID OXIDE FUEL CELL IN NORTH AMERICA, BY COUNTRY,
2020–2027 (USD MILLION) 108
TABLE 31 SOLID OXIDE FUEL CELL IN NORTH AMERICA, BY COUNTRY,
2020–2027 (MW) 108
9.2.2 BY TYPE 108
TABLE 32 SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA, BY TYPE,
2020–2027 (USD MILLION) 108
TABLE 33 SOLID OXIDE FUEL CELL FOR PLANAR IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 108
TABLE 34 SOLID OXIDE FUEL CELL FOR TUBULAR IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 109
9.2.3 BY APPLICATION 109
TABLE 35 SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2027 (USD MILLION) 109
TABLE 36 SOLID OXIDE FUEL CELL FOR PORTABLE IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 109
TABLE 37 SOLID OXIDE FUEL CELL FOR STATIONARY IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 110
TABLE 38 SOLID OXIDE FUEL CELL FOR TRANSPORT NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 110
9.2.4 BY END USER 110
TABLE 39 SOLID OXIDE FUEL CELL MARKET IN NORTH AMERICA, BY END USER,
2020–2027 (USD MILLION) 110
TABLE 40 SOLID OXIDE FUEL CELL FOR RESIDENTIAL IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 111
TABLE 41 SOLID OXIDE FUEL CELL FOR COMMERCIAL & INDUSTRIAL IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 111
TABLE 42 SOLID OXIDE FUEL CELL FOR DATA CENTERS IN NORTH AMERICA,
BY COUNTRY, 2020–2027 (USD MILLION) 111
TABLE 43 SOLID OXIDE FUEL CELL FOR MILITARY & DEFENSE IN NORTH AMERICA,
BY COUNTRY, 2020–2027 (USD MILLION) 112
9.2.4.1 US 112
9.2.4.1.1 Growing demand for clean energy generation and emphasis on R&D of SOFC technology are driving market growth in US 112
TABLE 44 SOLID OXIDE FUEL CELL MARKET IN US, BY TYPE, 2020–2027 (USD MILLION) 113
TABLE 45 SOLID OXIDE FUEL CELL MARKET IN US, BY APPLICATION,
2020–2027 (USD MILLION) 113
TABLE 46 SOLID OXIDE FUEL CELL MARKET IN US, BY END USER,
2020–2027 (USD MILLION) 113
9.2.4.2 Canada 114
9.2.4.2.1 Government policies advocating use of SOFC technology to provide lucrative opportunities for solid oxide fuel cell market growth in Canada 114
TABLE 47 SOLID OXIDE FUEL CELL MARKET IN CANADA, BY TYPE,
2020–2027 (USD MILLION) 114
TABLE 48 SOLID OXIDE FUEL CELL MARKET IN CANADA, BY APPLICATION,
2020–2027 (USD MILLION) 115
TABLE 49 SOLID OXIDE FUEL CELL MARKET IN CANADA, BY END USER,
2020–2027 (USD MILLION) 115
9.3 ASIA PACIFIC 116
FIGURE 38 SNAPSHOT: SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, 2021–2027 117
9.3.1 BY COUNTRY 117
TABLE 50 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY COUNTRY,
2020–2027 (USD MILLION) 117
TABLE 51 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY COUNTRY,
2020–2027 (MW) 118
9.3.2 BY TYPE 118
TABLE 52 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY TYPE,
2020–2027 (USD MILLION) 118
TABLE 53 SOLID OXIDE FUEL CELL MARKET FOR PLANAR IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 118
TABLE 54 SOLID OXIDE FUEL CELL MARKET FOR TUBULAR IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 119
9.3.3 BY APPLICATION 119
TABLE 55 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY APPLICATION,
2020–2027 (USD MILLION) 119
TABLE 56 SOLID OXIDE FUEL CELL MARKET FOR PORTABLE IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 119
TABLE 57 SOLID OXIDE FUEL CELL MARKET FOR STATIONARY IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 120
TABLE 58 SOLID OXIDE FUEL CELL MARKET FOR TRANSPORT IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 120
9.3.4 BY END USER 120
TABLE 59 SOLID OXIDE FUEL CELL MARKET IN ASIA PACIFIC, BY END USER,
2020–2027 (USD MILLION) 120
TABLE 60 SOLID OXIDE FUEL CELL MARKET FOR RESIDENTIAL IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 121
TABLE 61 SOLID OXIDE FUEL CELL MARKET FOR COMMERCIAL & INDUSTRIAL IN
ASIA PACIFIC, BY COUNTRY, 2020–2027 (USD MILLION) 121
TABLE 62 SOLID OXIDE FUEL CELL MARKET FOR DATA CENTERS IN ASIA PACIFIC,
BY COUNTRY, 2020–2027 (USD MILLION) 121
TABLE 63 SOLID OXIDE FUEL CELL MARKET FOR MILITARY & DEFENSE IN ASIA PACIFIC, BY COUNTRY, 2020–2027 (USD MILLION) 122
9.3.4.1 JAPAN 122
9.3.4.1.1 Progressive commercialization of SOFC technology in Japan contributes to growth of SOFC market 122
TABLE 64 SOLID OXIDE FUEL CELL MARKET IN JAPAN, BY TYPE,
2020–2027 (USD MILLION) 122
TABLE 65 SOLID OXIDE FUEL CELL MARKET IN JAPAN, BY APPLICATION,
2020–2027 (USD MILLION) 123
TABLE 66 SOLID OXIDE FUEL CELL MARKET IN JAPAN, BY END USER,
2020–2027 (USD MILLION) 123
9.3.4.2 South Korea 123
9.3.4.2.1 Increasing investment by SOFC manufactures likely to drive SOFC market growth in South Korea 123
TABLE 67 SOLID OXIDE FUEL CELL MARKET IN SOUTH KOREA, BY TYPE,
2020–2027 (USD MILLION) 124
TABLE 68 SOLID OXIDE FUEL CELL MARKET IN SOUTH KOREA, BY APPLICATION,
2020–2027 (USD MILLION) 124
TABLE 69 SOLID OXIDE FUEL CELL MARKET IN SOUTH KOREA, BY END USER,
2020–2027 (USD MILLION) 125
9.3.4.3 China 125
9.3.4.3.1 Decarbonization and air quality needs in transportation market to drive market for SOFCs in China 125
TABLE 70 SOLID OXIDE FUEL CELL MARKET IN CHINA, BY TYPE,
2020–2027 (USD MILLION) 125
TABLE 71 SOLID OXIDE FUEL CELL MARKET IN CHINA, BY APPLICATION,
2020–2027 (USD MILLION) 126
TABLE 72 SOLID OXIDE FUEL CELL MARKET IN CHINA, BY END USER,
2020–2027 (USD MILLION) 126
9.3.4.4 Rest of Asia Pacific 126
TABLE 73 SOLID OXIDE FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY TYPE,
2020–2027 (USD MILLION) 126
TABLE 74 SOLID OXIDE FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY APPLICATION, 2020–2027 (USD MILLION) 127
TABLE 75 SOLID OXIDE FUEL CELL MARKET IN REST OF ASIA PACIFIC, BY END USER, 2020–2027 (USD MILLION) 127
9.4 EUROPE 127
9.4.1 BY COUNTRY 128
TABLE 76 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY COUNTRY,
2020–2027 (USD THOUSAND) 128
TABLE 77 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY COUNTRY,
2020–2027 (MW) 128
9.4.2 BY TYPE 128
TABLE 78 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY TYPE,
2020–2027 (USD MILLION) 128
TABLE 79 SOLID OXIDE FUEL CELL MARKET FOR PLANAR IN EUROPE, BY COUNTRY, 2020–2027 (USD MILLION) 129
TABLE 80 SOLID OXIDE FUEL CELL MARKET FOR TUBULAR IN EUROPE, BY COUNTRY, 2020–2027 (USD THOUSAND) 129
9.4.3 BY APPLICATION 129
TABLE 81 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY APPLICATION,
2020–2027 (USD MILLION) 129
TABLE 82 SOLID OXIDE FUEL CELL MARKET FOR PORTABLE IN EUROPE, BY COUNTRY, 2020–2027 (USD THOUSAND) 130
TABLE 83 SOLID OXIDE FUEL CELL MARKET FOR STATIONARY IN EUROPE, BY COUNTRY, 2020–2027 (USD THOUSAND) 130
TABLE 84 SOLID OXIDE FUEL CELL MARKET FOR TRANSPORT IN EUROPE, BY COUNTRY, 2020–2027 (USD THOUSAND) 130
9.4.4 BY END USER 131
TABLE 85 SOLID OXIDE FUEL CELL MARKET IN EUROPE, BY END USER,
2020–2027 (USD MILLION) 131
TABLE 86 SOLID OXIDE FUEL CELL MARKET FOR RESIDENTIAL IN EUROPE,
BY COUNTRY, 2020–2027 (USD THOUSAND) 131
TABLE 87 SOLID OXIDE FUEL CELL MARKET FOR COMMERCIAL & INDUSTRIAL IN EUROPE, BY COUNTRY, 2020–2027 (USD MILLION) 131
TABLE 88 SOLID OXIDE FUEL CELL MARKET FOR DATA CENTERS IN EUROPE,
BY COUNTRY, 2020–2027 (USD THOUSAND) 132
TABLE 89 SOLID OXIDE FUEL CELL MARKET FOR MILITARY & DEFENSE IN EUROPE,
BY COUNTRY, 2020–2027 (USD THOUSAND) 132
9.4.4.1 Germany 132
9.4.4.1.1 Growing investment in R&D activities is likely to drive SOFC market growth in Germany 132
TABLE 90 SOLID OXIDE FUEL CELL MARKET IN GERMANY, BY TYPE,
2020–2027 (USD MILLION) 133
TABLE 91 SOLID OXIDE FUEL CELL MARKET IN GERMANY, BY APPLICATION,
2020–2027 (USD MILLION) 133
TABLE 92 SOLID OXIDE FUEL CELL MARKET IN GERMANY, BY END USER,
2020–2027 (USD MILLION) 134
9.4.4.2 UK 134
9.4.4.2.1 Emission regulations are driving innovation in SOFC technology in UK 134
TABLE 93 SOLID OXIDE FUEL CELL MARKET IN UK, BY TYPE, 2020–2027 (USD MILLION) 134
TABLE 94 SOLID OXIDE FUEL CELL MARKET IN UK, BY APPLICATION,
2020–2027 (USD MILLION) 135
TABLE 95 SOLID OXIDE FUEL CELL MARKET IN UK, BY END USER,
2020–2027 (USD MILLION) 135
9.4.4.3 Italy 135
9.4.4.3.1 Growing adoption of SOFCs to curb carbon emission is driving SOFC market growth in Italy 135
TABLE 96 SOLID OXIDE FUEL CELL MARKET IN ITALY, BY TYPE,
2020–2027 (USD THOUSAND) 136
TABLE 97 SOLID OXIDE FUEL CELL MARKET IN ITALY, BY APPLICATION,
2020–2027 (USD THOUSAND) 136
TABLE 98 SOLID OXIDE FUEL CELL MARKET IN ITALY, BY END USER,
2020–2027 (USD MILLION) 136
9.4.4.4 Rest of Europe 137
TABLE 99 SOLID OXIDE FUEL CELL MARKET IN REST OF EUROPE, BY TYPE,
2020–2027 (USD THOUSAND) 137
TABLE 100 SOLID OXIDE FUEL CELL MARKET IN REST OF EUROPE, BY APPLICATION, 2020–2027 (USD THOUSANDS) 137
TABLE 101 SOLID OXIDE FUEL CELL MARKET IN REST OF EUROPE, BY END USER,
2020–2027 (USD THOUSANDS) 138
9.5 REST OF THE WORLD 138
9.5.1 BY TYPE 138
TABLE 102 SOLID OXIDE FUEL CELL MARKET IN ROW, BY TYPE,
2020–2027 (USD MILLION) 138
9.5.2 BY APPLICATION 139
TABLE 103 SOLID OXIDE FUEL CELL MARKET IN ROW, BY APPLICATION,
2020–2027 (USD THOUSAND) 139
9.5.3 BY END USER 139
TABLE 104 SOLID OXIDE FUEL CELL MARKET IN ROW, BY END USER,
2020–2027 (USD MILLION) 139
10 COMPETITIVE LANDSCAPE 140
10.1 KEY PLAYERS STRATEGIES 140
TABLE 105 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS,
JANUARY 2017– FEBRURAY 2022 140
10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 144
TABLE 106 SOLID OXIDE FUEL CELL MARKET: DEGREE OF COMPETITION 144
FIGURE 39 SOLID OXIDE FUEL CELL MARKET SHARE ANALYSIS, 2021 144
10.3 SEGMENTAL REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 145
FIGURE 40 5 YEAR SEGMENTAL ANALYSIS OF TOP PLAYERS FROM 2016 TO 2020 145
10.4 COMPANY EVALUATION QUADRANT 146
10.4.1 STAR 146
10.4.2 PERVASIVE 146
10.4.3 EMERGING LEADER 146
10.4.4 PARTICIPANT 146
FIGURE 41 COMPETITIVE LEADERSHIP MAPPING: SOLID OXIDE FUEL CELL MARKET, 2020 147
10.5 SOLID OXIDE FUEL CELL: COMPANY FOOTPRINT 148
TABLE 107 BY END USER: COMPANY FOOTPRINT 148
TABLE 108 BY REGION: COMPANY FOOTPRINT 149
TABLE 109 BY APPLICATION: COMPANY FOOTPRINT 150
TABLE 110 COMPANY FOOTPRINT 151
10.6 COMPETITIVE SCENARIO 152
TABLE 111 SOLID OXIDE FUEL CELL MARKET: PRODUCT LAUNCHES,
JANUARY 2017– FEBRUARY 2022 152
TABLE 112 SOLID OXIDE FUEL CELL: DEALS, JANURAY 2017– FEBRUARY 2022 153
TABLE 113 SOLID OXIDE FUEL CELL MARKET: OTHERS, JANURAY 2017 – FEBRURAY 2022 154
10.7 START-UP/SME EVALUATION QUADRANT, 2020 155
10.7.1 PROGRESSIVE COMPANY 155
10.7.2 RESPONSIVE COMPANY 155
10.7.3 DYNAMIC COMPANY 155
10.7.4 STARTING BLOCK 155
FIGURE 42 SOLID OXIDE FUEL CELL MARKET: START-UP/SME EVALUATION QUADRANT, 2020 156
10.8 COMPETITIVE BENCHMARKING 157
TABLE 114 SOLID OXIDE FUEL CELL MARKET: DETAILED LIST OF KEY STARTUP/SMES 157
TABLE 115 SOLID OXIDE FUEL CELL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES] 158
11 COMPANY PROFILES 159
11.1 KEY PLAYERS 159
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
11.1.1 BLOOM ENERGY 159
TABLE 116 BLOOM ENERGY: BUSINESS OVERVIEW 159
FIGURE 43 BLOOM ENERGY: COMPANY SNAPSHOT, 2020 160
TABLE 117 BLOOM ENERGY: PRODUCTS OFFERED 160
TABLE 118 BLOOM ENERGY: PRODUCT LAUNCHES 161
TABLE 119 BLOOM ENERGY: DEALS 161
TABLE 120 BLOOM ENERGY: OTHERS 167
11.1.2 AISIN CORPORATION 169
TABLE 121 AISIN CORPORATION: BUSINESS OVERVIEW 169
FIGURE 44 AISIN CORPORATION: COMPANY SNAPSHOT, 2020 170
TABLE 122 AISIN CORPORATION: PRODUCTS OFFERED 170
TABLE 123 AISIN CORPORATION: DEALS 171
11.1.3 MITSUBISHI POWER 173
TABLE 124 MITSUBISHI POWER: BUSINESS OVERVIEW 173
FIGURE 45 MITSUBISHI POWER: COMPANY SNAPSHOT, 2020 174
TABLE 125 MITSUBISHI POWER: PRODUCTS OFFERED 174
TABLE 126 MITSHUBISHI POWER: DEALS 175
11.1.4 HITACHI ZOSEN CORPORATION 177
TABLE 127 HITACHI ZOSEN CORPORATION: BUSINESS OVERVIEW 177
FIGURE 46 HITACHI ZOSEN CORPORATION: COMPANY SNAPSHOT, 2020 178
TABLE 128 HITACHI ZOSEN CORPORATION: PRODUCTS OFFERED 178
TABLE 129 HITACHI ZOSEN CORPORATION: DEALS 179
TABLE 130 HITACHI ZOSEN CORPORATION: OTHERS 180
11.1.5 CERES 181
TABLE 131 CERES: BUSINESS OVERVIEW 181
FIGURE 47 CERES: COMPANY SNAPSHOT, 2020 182
TABLE 132 CERES: PRODUCTS OFFERED 182
TABLE 133 CERES: DEALS 183
TABLE 134 CERES: OTHERS 184
11.1.6 MIURA CO., LTD. 186
TABLE 135 MIURA CO., LTD.: BUSINESS OVERVIEW 186
FIGURE 48 MIURA CO., LTD. IURA: COMPANY SNAPSHOT, 2020 187
TABLE 136 MIURA CO., LTD.: PRODUCTS OFFERED 187
11.1.7 KYOCERA CORPORATION 188
TABLE 137 KYOCERA CORPORATION: BUSINESS OVERVIEW 188
FIGURE 49 KYOCERA CORPORATION: COMPANY SNAPSHOT, 2020 189
TABLE 138 KYOCERA CORPORATION: PRODUCTS OFFERED 189
TABLE 139 KYOCERA CORPORATION: PRODUCT LAUNCHES 190
11.1.8 SOLIDPOWER S.P.A 191
TABLE 140 SOLIDPOWER S.P.A.: BUSINESS OVERVIEW 191
TABLE 141 SOLIDPOWER S.P.A.: PRODUCTS OFFERED 191
TABLE 142 SOLIDPOWER: DEALS 192
TABLE 143 SOLIDPOWER: OTHERS 194
11.1.9 ELCOGEN AS 195
TABLE 144 ELCOGEN AS: BUSINESS OVERVIEW 195
TABLE 145 ELCOGEN AS: PRODUCTS OFFERED 195
TABLE 146 ELCOGEN AS: DEALS 196
11.1.10 CONVION LTD. 198
TABLE 147 CONION LTD.: BUSINESS OVERVIEW 198
TABLE 148 CONVION LTD.: PRODUCTS OFFERED 198
TABLE 149 CONVION LTD.: DEALS 199
TABLE 150 CONVION LTD.: OTHERS 200
11.1.11 SUNFIRE GMBH 201
TABLE 151 SUNFIRE GMBH: BUSINESS OVERVIEW 201
TABLE 152 SUNFIRE GMBH: PRODUCTS OFFERED 201
TABLE 153 SUNFIRE GMBH: DEALS 202
TABLE 154 SUNFIRE GMBH: OTHERS 207
11.1.12 H2E POWER SYSTEMS PVT. LTD. 208
TABLE 155 H2E POWER SYSTEMS PVT. LTD: BUSINESS OVERVIEW 208
TABLE 156 H2E POWER SYSTEMS PVT. LTD: PRODUCTS OFFERED 208
TABLE 157 H2E POWER SYSTEMS PVT. LTD (INDIA): DEALS 209
11.1.13 WATT FUEL CELL CORPORATION 210
TABLE 158 WATT FUEL CELL CORPORATION: BUSINESS OVERVIEW 210
TABLE 159 WATT FUEL CELL CORPORATION: PRODUCTS OFFERED 210
TABLE 160 WATT FUEL CELL CORPORATION: DEALS 211
11.1.14 UPSTART POWER, INC 212
TABLE 161 UPSTART POWER, INC.: BUSINESS OVERVIEW 212
TABLE 162 UPSTART POWER, INC: PRODUCTS OFFERED 212
11.2 OTHER PLAYERS 213
11.2.1 ZTEK CORPORATION 213
TABLE 163 ZTEK CORPORATION INC: BUSINESS OVERVIEW 213
11.2.2 SPECIAL POWER SOURCE 214
TABLE 164 SPECIAL POWER SOURCES: BUSINESS OVERVIEW 214
11.2.3 ADELAN 215
TABLE 165 ADELAN: BUSINESS OVERVIEW 215
11.2.4 AVL 215
TABLE 166 AVL: BUSINESS OVERVIEW 215
11.2.5 ADAPTIVE ENERGY 216
TABLE 167 ADAPTIVE ENERGY: BUSINESS OVERVIEW 216
11.3 R&D PLAYERS 217
11.3.1 ROBERT BOSCH GMBH 217
TABLE 168 ROBERT BOSCH GMBH: BUSINESS OVERVIEW 217
FIGURE 50 ROBERT BOSCH GMBH: COMPANY SNAPSHOT, 2020 218
TABLE 169 ROBERT BOSCH GMBH: DEALS 219
TABLE 170 ROBERT BOSCH GMBH: OTHERS 219
11.3.2 WEICHAI POWER CO., LTD 220
TABLE 171 WEICHAI POWER CO., LTD.: BUSINESS OVERVIEW 220
FIGURE 51 WEICHAI POWER CO., LTD.: COMPANY SNAPSHOT, 2020 221
TABLE 172 WEICHAI POWER CO., LTD.: DEALS 222
11.3.3 DOOSAN FUEL CELL CO., LTD. 223
TABLE 173 DOOSAN FUEL CELL CO., LTD.: BUSINESS OVERVIEW 223
FIGURE 52 DOOSAN FUEL CELL CO., LTD.: COMPANY SNAPSHOT, 2020 223
TABLE 174 DOOSAN FUEL CELL CO., LTD.: DEALS 224
11.3.4 FUEL CELL ENERGY 226
TABLE 175 FUEL CELL ENERGY: BUSINESS OVERVIEW 226
11.3.5 POSCO ENERGY 227
TABLE 176 POSCO ENERGY: BUSINESS OVERVIEW 227
11.3.6 CLARA VENTURE LABS 227
TABLE 177 CLARA VENTURE LABS: BUSINESS OVERVIEW 227
11.3.7 CUMMINS 228
TABLE 178 CUMMINS: BUSINESS OVERVIEW 228
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
 
12 APPENDIX 229
12.1 INSIGHTS OF INDUSTRY EXPERTS 229
12.2 DISCUSSION GUIDE 230
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 234
12.4 AVAILABLE CUSTOMIZATIONS 236
12.5 RELATED REPORTS 236
12.6 AUTHOR DETAILS 237

Artificial Photosynthesis Market by Application (Hydrocarbon, Hydrogen, Chemicals), Technology (Co-Electrolysis, Photo-Electro Catalysis, Nanotechnolo...

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# of Pages:        107

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1 INTRODUCTION 15
1.1 STUDY OBJECTIVES 15
1.2 DEFINITION 15
1.2.1 ARTIFICIAL PHOTOSYNTHESIS MARKET: INCLUSIONS AND EXCLUSIONS 16
1.3 MARKET SCOPE 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 REGIONS COVERED 16
1.3.3 YEARS CONSIDERED 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
FIGURE 1 ARTIFICIAL PHOTOSYNTHESIS MARKET: RESEARCH DESIGN 19
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 20
FIGURE 2 DATA TRIANGULATION METHODOLOGY 20
2.2.1 SECONDARY DATA 21
2.2.1.1 Key data from secondary sources 21
2.2.2 PRIMARY DATA 21
2.2.2.1 Key data from primary sources 22
2.2.2.2 Breakdown of primaries 22
2.3 MARKET SIZE ESTIMATION 23
2.3.1 SUPPLY-SIDE ANALYSIS 23
2.3.1.1 Assumptions of supply-side analysis 23
2.3.1.2 Calculation of supply-side analysis 23
2.3.2 DEMAND-SIDE ANALYSIS 23
2.3.2.1 Assumptions for demand-side analysis 23
2.3.2.2 Limitation for demand-side analysis 24
2.3.2.3 Calculation of demand-side analysis 24
2.3.3 FORECAST 24
3 EXECUTIVE SUMMARY 25
TABLE 1 ARTIFICIAL PHOTOSYNTHESIS MARKET SNAPSHOT 25
FIGURE 3 ASIA PACIFIC HELD LARGEST SHARE OF ARTIFICIAL PHOTOSYNTHESIS MARKET IN 2021 26
FIGURE 4 DURING 2018–2022, MOST-USED STRATEGY BY COMPANIES IN ARTIFICIAL PHOTOSYNTHESIS MARKET WAS COLLABORATIONS 26
 
4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE OPPORTUNITIES IN ARTIFICIAL PHOTOSYNTHESIS MARKET 27
FIGURE 5 GROWING DEMAND FOR GREEN H2 AND ECO-FRIENDLY LIQUID FUELS TO BOOST MARKET GROWTH BETWEEN 2022 AND 2030 27
4.2 ARTIFICIAL PHOTOSYNTHESIS MARKET, BY REGION 28
FIGURE 6 ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 28
5 MARKET OVERVIEW 29
5.1 INTRODUCTION 29
5.2 MARKET DYNAMICS 30
FIGURE 7 ARTIFICIAL PHOTOSYNTHESIS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 30
FIGURE 8 ENERGY-RELATED CO2 EMISSIONS, 1990–2019 (GT CO2) 31
5.3 PATENT ANALYSIS 33
TABLE 2 ARTIFICIAL PHOTOSYNTHESIS: INNOVATIONS AND PATENT REGISTRATIONS, JUNE 2017–FEBRUARY 2022 33
5.4 CASE STUDY ANALYSIS 34
5.4.1 US AIR FORCE PLANS FOR TRANSITION TO SUSTAINABLE AVIATION FUEL 34
5.4.1.1 Problem statement 34
5.4.1.2 Solution 34
5.4.2 PROCTOR AND GAMBLE’S OATH FOR CARBON NEUTRALITY BY 2040 34
5.4.2.1 Problem statement 34
5.4.2.2 Solution 34
5.5 KEY CONFERENCES AND EVENTS IN 2022 & 2023 34
TABLE 3 ARTIFICIAL PHOTOSYNTHESIS: DETAILED LIST OF CONFERENCES & EVENTS 34
5.6 GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 36
TABLE 4 GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 36
5.7 TECHNOLOGICAL ANALYSIS 37
5.8 TRENDS/DISRUPTIONS IMPACTING VARIOUS PROBABLE END USERS 38
FIGURE 9 REVENUE SHIFT FOR ARTIFICIAL PHOTOSYNTHESIS PROVIDERS 38
5.9 ECOSYSTEM 38
TABLE 5 ARTIFICIAL PHOTOSYNTHESIS MARKET: ECOSYSTEM 38
5.10 INDICATIVE PRICING ANALYSIS 39
TABLE 6 AVERAGE PRICE OF TITANIUM DIOXIDE, BY REGION, QUARTER ENDING DECEMBER 2021 39
6 ARTIFICIAL PHOTOSYNTHESIS MARKET, BY APPLICATION 40
6.1 INTRODUCTION 41
6.2 HYDROCARBONS 41
6.3 HYDROGEN 42
6.4 CHEMICALS 42
7 ARTIFICIAL PHOTOSYNTHESIS MARKET, BY TECHNOLOGY 43
7.1 INTRODUCTION 44
7.2 PHOTO-ELECTRO CATALYSIS 44
7.3 CO-ELECTROLYSIS 44
7.4 OTHERS 44
7.4.1 NANOTECHNOLOGY 44
7.4.2 HYBRID PROCESS 45
8 GEOGRAPHICAL ANALYSIS 46
8.1 INTRODUCTION 47
FIGURE 11 REGIONAL SNAPSHOT: ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 47
FIGURE 12 ARTIFICIAL PHOTOSYNTHESIS MARKET SHARE (VALUE), BY REGION, 2021 47
TABLE 7 ARTIFICIAL PHOTOSYNTHESIS MARKET, BY REGION,
2020–2030 (USD THOUSAND) 48
8.2 NORTH AMERICA 48
FIGURE 13 NORTH AMERICA: REGIONAL SNAPSHOT 48
TABLE 8 ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN NORTH AMERICA 49
8.2.1 BY COUNTRY 49
TABLE 9 ARTIFICIAL PHOTOSYNTHESIS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2030 (USD THOUSAND) 49
8.2.1.1 US 50
8.2.1.1.1 Growing demand for clean energy generation and emphasis on R&D of artificial photosynthesis technology 50
8.2.1.1.2 Macro factors 50
TABLE 10 US: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 50
TABLE 11 US: GREENHOUSE GAS EMISSIONS, 2013–2017 (MILLION TONS OF CO2) 50
8.2.1.2 Canada 50
8.2.1.2.1 Increasing demand for green hydrogen is driving research activities for artificial photosynthesis 50
8.2.1.2.2 Macro factors 51
TABLE 12 CANADA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 51
TABLE 13 CANADA: GREENHOUSE GAS EMISSIONS, 2013–2017
(MILLION TONS OF CO2) 51
8.3 ASIA PACIFIC 51
FIGURE 14 ASIA PACIFIC: REGIONAL SNAPSHOT 52
TABLE 14 ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN ASIA PACIFIC 52
8.3.1 BY COUNTRY 53
TABLE 15 ARTIFICIAL PHOTOSYNTHESIS MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2030 (USD THOUSAND) 53
8.3.1.1 China 53
8.3.1.1.1 Growing research and development activities for sustainable hydrogen generation 53
8.3.1.1.2 Macro factors 53
TABLE 16 CHINA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 53
TABLE 17 CHINA: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2) 53
8.3.1.2 Japan 54
8.3.1.2.1 Increasing funding by national R&D agency for establishing large-scale hydrogen supply chain 54
8.3.1.2.2 Macro factors 54
TABLE 18 JAPAN: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 54
TABLE 19 JAPAN: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2) 54
8.3.1.3 South Korea 54
8.3.1.3.1 Surging investments by government supporting hydrogen generation technologies 54
8.3.1.3.2 Macro factors 55
TABLE 20 SOUTH KOREA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 55
8.3.1.4 India 55
8.3.1.4.1 Rising focus of Government of India to increase share of renewables 55
8.3.1.4.2 Macro factors 55
TABLE 21 INDIA: HYDROGEN PRODUCTION CAPACITY AT REFINERIES, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 55
TABLE 22 INDIA: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2) 55
8.4 EUROPE 56
TABLE 23 ARTIFICIAL PHOTOSYNTHESIS PROJECTS IN EUROPE 56
8.4.1 BY COUNTRY 57
TABLE 24 ARTIFICIAL PHOTOSYNTHESIS MARKET IN EUROPE, BY COUNTRY,
2020–2030 (USD THOUSAND) 57
8.4.1.1 Germany 57
8.4.1.1.1 Growing investments in R&D activities for artificial photosynthesis 57
8.4.1.1.2 Macro factors 58
TABLE 25 GERMANY: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 58
TABLE 26 GERMANY: GREENHOUSE GAS EMISSIONS, 2013–2017
(THOUSAND TONS OF CO2) 58
8.4.1.2 France 58
8.4.1.2.1 Surging use of renewable energy sources for sustainable development 58
8.4.1.2.2 Macro factors 58
TABLE 27 FRANCE: HYDROGEN PRODUCTION CAPACITIES AT REFINERIES,
2013–2017 (MILLION STANDARD CUBIC FEET PER DAY) 58
TABLE 28 FRANCE: GREENHOUSE GAS EMISSIONS, 2013–2017
(MILLION TONS OF CO2) 58
8.4.1.3 Italy 59
8.4.1.3.1 Surging adoption of green technologies to curb carbon emission 59
8.4.1.3.2 Macro factors 59
TABLE 29 ITALY: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 59
8.4.1.4 Spain 59
8.4.1.4.1 Rising expenditure on R&D activities on artificial photosynthesis 59
8.4.1.4.2 Macro factors 60
TABLE 30 SPAIN: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 60
8.4.1.5 Rest of Europe 60
8.4.1.5.1 Macro factors 60
TABLE 31 REST OF EUROPE: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
BY COUNTRY, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 60
8.5 REST OF THE WORLD 61
8.5.1 MACRO FACTORS 61
TABLE 32 REST OF WORLD: HYDROGEN PRODUCTION CAPACITY AT REFINERIES,
BY COUNTRY, 2013–2017 (THOUSAND STANDARD CUBIC FEET PER DAY) 61
9 COMPETITIVE LANDSCAPE 62
9.1 OVERVIEW 62
9.2 COMPETITIVE SCENARIO & TRENDS 62
TABLE 33 ARTIFICIAL PHOTOSYNTHESIS MARKET: DEALS, JANUARY 2016–
FEBRUARY 2022 62
TABLE 34 ARTIFICIAL PHOTOSYNTHESIS MARKET: OTHERS JANUARY 2016–
FEBRUARY 2022 63
9.3 RECENT MARKET DEVELOPMENTS 63
TABLE 35 KEY DEVELOPMENTS IN ARTIFICIAL PHOTOSYNTHESIS MARKET,
JANUARY 2012–FEBRUARY 2022 63
9.4 INDUSTRY CONCENTRATION 65
9.5 COMPANY EVALUATION QUADRANT 65
9.5.1 STAR 65
9.5.2 PERVASIVE 65
9.5.3 EMERGING LEADER 65
9.5.4 PARTICIPANT 66
FIGURE 16 COMPETITIVE LEADERSHIP MAPPING: ARTIFICIAL PHOTOSYNTHESIS MARKET, 2020 66
TABLE 36 ARTIFICIAL PHOTOSYNTHESIS: COMPANY FOOTPRINT 67
TABLE 37 COMPETITIVE BENCHMARKING: DETAILED LIST OF KEY PLAYERS 67
9.6 COMPANY PRODUCT COVERAGE 68
TABLE 38 ARTIFICIAL PHOTOSYNTHESIS: COMPANY PRODUCT COVERAGE 68
10 COMPANY PROFILES 69
(Business overview, Products offered, Recent Developments, MNM view)*
10.1 ORIGINAL EQUIPMENT MANUFACTURERS 69
10.1.1 ENGIE 69
TABLE 39 ENGIE: BUSINESS OVERVIEW 69
FIGURE 17 ENGIE: COMPANY SNAPSHOT 2020 70
TABLE 40 ENGIE: DEALS 70
10.1.2 PANASONIC CORPORATION 72
TABLE 41 PANASONIC CORPORATION: BUSINESS OVERVIEW 72
FIGURE 18 PANASONIC CORPORATION: COMPANY SNAPSHOT 2020 73
TABLE 42 PANASONIC CORPORATION: OTHERS 73
10.1.3 FUJITSU 75
TABLE 43 FUJITSU: BUSINESS OVERVIEW 75
FIGURE 19 FUJITSU: COMPANY SNAPSHOT 2020 76
TABLE 44 FUJITSU: DEALS 76
10.1.4 MITSUBISHI CHEMICAL CORPORATION 78
TABLE 45 MITSUBISHI CHEMICAL CORPORATION: BUSINESS OVERVIEW 78
TABLE 46 MITSUBISHI CHEMICAL CORPORATION: DEALS 78
10.1.5 TOSHIBA CORPORATION 79
TABLE 47 TOSHIBA CORPORATION: BUSINESS OVERVIEW 79
FIGURE 20 TOSHIBA CORPORATION: COMPANY SNAPSHOT 2020 80
TABLE 48 TOSHIBA CORPORATION: OTHERS 80
10.1.6 TOYOTA CENTRAL R&D LABS., INC. 81
TABLE 49 TOYOTA CENTRAL R&D LABS., INC.: BUSINESS OVERVIEW 81
TABLE 50 TOYOTA CENTRAL R&D LABS., INC.: OTHERS 81
10.1.7 SIEMENS ENERGY 82
TABLE 51 SIEMENS ENERGY: BUSINESS OVERVIEW 82
FIGURE 21 SIEMENS ENERGY: COMPANY SNAPSHOT 2020 83
TABLE 52 SIEMENS ENERGY: DEALS 83
10.1.8 FUJIFILM CORPORATION 85
TABLE 53 FUJIFILM CORPORATION: BUSINESS OVERVIEW 85
TABLE 54 FUJIFILM CORPORATION: DEALS 85
10.1.9 TWELVE (FORMERLY KNOWN AS, OPUS 12) 86
TABLE 55 TWELVE (FORMERLY KNOWN AS, OPUS 12): BUSINESS OVERVIEW 86
TABLE 56 TWELVE (FORMERLY KNOWN AS, OPUS 12): DEALS 86
10.1.10 EVONIK INDUSTRIES AG 88
TABLE 57 EVONIK INDUSTRIES AG: BUSINESS OVERVIEW 88
FIGURE 22 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT 2020 89
TABLE 58 EVONIK INDUSTRIES AG: OTHERS 89
 
10.2 R&D INSTITUTES 91
10.2.1 BERKELEY LAB 91
TABLE 59 BERKELEY LAB: OVERVIEW 91
TABLE 60 BERKELEY LAB: DEALS 91
10.2.2 DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA 93
TABLE 61 DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA: OVERVIEW 93
TABLE 62 DEUTSCHE AKADEMIE DER NATURFORSCHER LEOPOLDINA: OTHERS 93
10.2.3 INDIAN INSTITUTE OF SCIENCE(IISC) 94
TABLE 63 INDIAN INSTITUTE OF SCIENCE (IISC): OVERVIEW 94
10.2.4 CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID
FUELS (CHASE) 95
TABLE 64 CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID FUELS (CHASE): OVERVIEW 95
TABLE 65 CENTER FOR HYBRID APPROACHES IN SOLAR ENERGY TO LIQUID FUELS (CHASE): DEALS 95
10.2.5 ICIQ 96
TABLE 66 ICIQ: OVERVIEW 96
10.2.6 NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION 97
TABLE 67 NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION: OVERVIEW 97
TABLE 68 NEW ENERGY AND INDUSTRIAL TECHNOLOGY DEVELOPMENT ORGANIZATION: DEALS 97
10.2.7 UNIVERSITY OF TORONTO 98
10.2.8 THE UNIVERSITY OF PAU AND PAYS DE L’ADOUR 99
10.2.9 UNIVERSITY OF BOLOGNA 100
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11 APPENDIX 101
11.1 INSIGHTS OF INDUSTRY EXPERTS 101
11.2 DISCUSSION GUIDE 102
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 105
11.4 AVAILABLE CUSTOMIZATIONS 107
11.5 RELATED REPORTS 107
11.6 AUTHOR DETAILS 108

Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (Up to 50 kW, 51–280 kW, 281-500 kW, 501-2000 kW, 2001-3500 kW, Above 3500 kW), Applic...

Publisher:        MarketsandMarkets

# of Pages:        335

Rating: 

1 User License $7,150

Publication Date:  March, 2022

Price:       $7,150 / User License




1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 DEFINITION AND SCOPE 29
1.3 INCLUSIONS AND EXCLUSIONS 30
1.3.1 GENERATOR SALES MARKET, BY FUEL TYPE 30
1.3.2 GENERATOR SALES MARKET, BY POWER RATING 30
1.3.3 GENERATOR SALES MARKET, BY SALES CHANNEL 30
1.3.4 GENERATOR SALES MARKET, BY DESIGN 31
1.3.5 GENERATOR SALES MARKET, BY END USER 31
1.4 MARKET SCOPE 32
1.4.1 MARKET SEGMENTATION 32
1.4.2 YEARS CONSIDERED 33
1.4.3 GEOGRAPHICAL SCOPE 33
1.5 CURRENCY 34
1.6 LIMITATIONS 34
1.7 STAKEHOLDERS 34
1.8 SUMMARY OF CHANGES 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 1 GENERATOR SALES MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 37
2.1.2.1 Key data from primary sources 38
2.1.2.2 Breakdown of primaries 38
2.2 IMPACT OF COVID-19 ON POWER INDUSTRY 39
2.3 SCOPE 39
FIGURE 2 MAIN METRICS CONSIDERED WHILE ANALYZING TRENDS AND ASSESSING DEMAND FOR GENERATORS 39
2.4 MARKET SIZE ESTIMATION 40
2.4.1 BOTTOM-UP APPROACH 40
FIGURE 3 GENERATOR SALES MARKET: INDUSTRY-/REGION-/COUNTRY-WISE ANALYSIS 40
2.4.2 TOP-DOWN APPROACH 41
FIGURE 4 GENERATOR SALES MARKET: TOP-DOWN APPROACH 41
2.4.3 DEMAND-SIDE ANALYSIS 42
2.4.3.1 Regional analysis 42
2.4.3.2 Country-level analysis 43
2.4.3.3 Assumptions for demand side 43
2.4.3.4 Calculation for demand side 43
2.4.4 SUPPLY-SIDE ANALYSIS 44
FIGURE 5 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF GENERATORS 44
2.4.4.1 Assumptions 44
2.4.4.2 Calculations for supply side 44
FIGURE 6 GENERATOR SALES MARKET: SUPPLY-SIDE ANALYSIS 45
FIGURE 7 COMPANY REVENUE ANALYSIS, 2020 45
2.4.5 FORECAST 46
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 46
FIGURE 8 DATA TRIANGULATION METHODOLOGY 46
3 EXECUTIVE SUMMARY 47
TABLE 1 GENERATOR SALES MARKET SNAPSHOT 47
FIGURE 9 ASIA PACIFIC DOMINATED GENERATOR SALES MARKET IN 2021 49
FIGURE 10 DIESEL SEGMENT IS EXPECTED TO HOLD LARGEST SHARE OF GENERATOR SALES MARKET, BY FUEL TYPE, DURING FORECAST PERIOD 49
FIGURE 11 UP TO 50 KW SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 12 UP TO 10 KW SEGMENT TO HOLD LARGEST SIZE OF UP TO 50 KW GENERATOR SALES MARKET DURING FORECAST PERIOD 50
FIGURE 13 STANDBY SEGMENT TO LEAD GENERATOR SALES MARKET DURING FORECAST PERIOD 51
FIGURE 14 INDUSTRIAL SEGMENT TO DOMINATE THE GENERATOR SALES MARKET DURING FORECAST PERIOD 51
FIGURE 15 INDIRECT SEGMENT TO WITNESS HIGHER GROWTH DURING FORECAST PERIOD 52
FIGURE 16 STATIONARY SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES IN GENERATOR SALES MARKET 53
FIGURE 17 FREQUENT POWER OUTAGES AND SURGING DEMAND FOR UNINTERRUPTED & RELIABLE POWER SUPPLY TO DRIVE GROWTH OF GENERATOR SALES MARKET 53
4.2 GENERATOR SALES MARKET IN ASIA PACIFIC, BY END USER & COUNTRY 54
FIGURE 18 INDUSTRIAL SECTOR AND CHINA WERE LARGEST SHAREHOLDERS IN ASIA PACIFIC GENERATOR SALES MARKET IN 2021 54
4.3 GENERATOR SALES MARKET, BY FUEL TYPE 54
FIGURE 19 DIESEL SEGMENT TO DOMINATE GENERATOR SALES MARKET, BY FUEL TYPE, IN 2027 54
4.4 GENERATOR SALES MARKET, BY APPLICATION 55
FIGURE 20 STANDBY APPLICATION TO DOMINATE GENERATOR SALES MARKET, BY APPLICATION, IN 2027 55
 
4.5 GENERATOR SALES MARKET, BY POWER RATING 55
FIGURE 21 UP TO 50 KW SEGMENT TO DOMINATE GENERATOR SALES MARKET IN 2027 55
4.6 GENERATOR SALES MARKET, BY SALES CHANNEL 56
FIGURE 22 INDIRECT SEGMENT TO DOMINATE GENERATOR SALES MARKET IN 2027 56
4.7 GENERATOR SALES MARKET, BY DESIGN 56
FIGURE 23 STATIONARY SEGMENT TO DOMINATE GENERATOR SALES MARKET IN 2027 56
4.8 GENERATOR SALES MARKET, BY END USER 56
FIGURE 24 INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF GENERATOR SALES MARKET, BY END USER, IN 2027 56
4.9 GENERATOR SALES MARKET, BY REGION 57
FIGURE 25 GENERATOR SALES MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 COVID-19 HEALTH ASSESSMENT 58
FIGURE 26 COVID-19 GLOBAL PROPAGATION 59
FIGURE 27 COVID-19 PROPAGATION IN SELECTED COUNTRIES 59
5.3 COVID-19 ECONOMIC ASSESSMENT 60
FIGURE 28 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 60
5.4 MARKET DYNAMICS 61
FIGURE 29 GENERATOR SALES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 61
5.4.1 DRIVERS 61
5.4.1.1 Rapidly expanding manufacturing sector fueling demand for generators and power generation systems 61
FIGURE 30 GREENFIELD PROJECT INVESTMENTS FOR MANUFACTURING AND CHEMICAL & CHEMICALS PRODUCTS IN ASIA, 2016–2020 62
5.4.1.2 Surging demand for uninterrupted & reliable power supply to drive demand for backup power generation 62
FIGURE 31 AVERAGE DURATION OF TOTAL ANNUAL POWER INTERRUPTIONS IN US, 2013–2020 63
5.4.2 RESTRAINTS 64
5.4.2.1 Growing adoption of renewable energy sources and energy storage technologies 64
FIGURE 32 RENEWABLE ELECTRICITY CAPACITY ADDITION, 2007–2021 65
FIGURE 33 INSTALLED RENEWABLE ELECTRICITY GENERATING CAPACITY, 2020–2050 65
FIGURE 34 INSTALLATION OF BATTERY STORAGE CAPACITY, 2020–2050 65
5.4.2.2 Increasing investments for upgrading aging T&D infrastructure 66
FIGURE 35 INVESTMENTS IN ELECTRICITY NETWORKS, BY REGION (2015–2021) 66
TABLE 2 T&D INFRASTRUCTURE EXPANSION PLANS 67
5.4.2.3 Increased operating expenditure of diesel generators owing to high fuel prices 67
FIGURE 36 CRUDE OIL SPOT PRICES, JANUARY 2018–JANUARY 2022 68
 
5.4.3 OPPORTUNITIES 68
5.4.3.1 Rising adoption of hybrid generators, bi-fuel generators, and inverter generators 68
5.4.3.2 Electrification of rural areas in developing countries to enable energy sufficiency 69
FIGURE 37 ELECTRIFICATION RATES IN SELECTED COUNTRIES AND REGIONS, 2016–2030 70
5.4.3.3 Surging use of distributed power generation systems and integration with renewable energy sources 70
5.4.4 CHALLENGES 71
5.4.4.1 Adherence to stringent government regulations associated with generators 71
5.4.4.2 Raw material and component shortage and increase in lead time for manufacturing generators 72
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 72
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS 72
FIGURE 38 REVENUE SHIFT FOR GENERATOR SALES 73
5.6 ECOSYSTEM 73
FIGURE 39 GENERATOR SALES MARKET: ECOSYSTEM 73
TABLE 3 GENERATOR SALES MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM 74
5.7 VALUE CHAIN ANALYSIS 76
FIGURE 40 VALUE CHAIN ANALYSIS: GENERATOR SALES MARKET 76
5.7.1 RAW MATERIAL PROVIDERS/SUPPLIERS 77
5.7.2 COMPONENT MANUFACTURERS 77
5.7.3 GENERATOR MANUFACTURERS/ASSEMBLERS 77
5.7.4 DISTRIBUTORS (BUYERS)/END USERS 77
5.7.5 POST-SALES SERVICES 78
5.8 MARKET MAP 78
FIGURE 41 MARKET MAP: GENERATOR SALES MARKET 78
5.9 AVERAGE SELLING PRICE TREND 79
FIGURE 42 GLOBAL AVERAGE SELLING PRICE OF GENERATORS, 2021 79
5.10 TECHNOLOGY ANALYSIS 80
5.10.1 DIRECT POWER INSTALLATION TECHNOLOGY 80
5.10.2 POWER MANAGEMENT SYSTEMS 80
5.10.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 80
5.11 TRADE DATA STATISTICS 81
TABLE 4 GLOBAL IMPORTS DATA OF GENERATORS, 2018–2020 (USD MILLION) 81
TABLE 5 GLOBAL EXPORTS DATA OF GENERATORS, 2018–2020 (USD MILLION) 81
5.12 TARIFFS, CODES, AND REGULATIONS 82
TABLE 6 RESIDENTIAL ELECTRICITY PRICES IN KEY ECONOMIES, 2018 82
5.12.1 TARIFFS APPLICABLE TO GENERATORS 83
TABLE 7 IMPORT TARIFFS FOR HS 850161 AC GENERATORS OF OUTPUT < 75 KVA 83
TABLE 8 IMPORT TARIFFS FOR HS 850162 AC GENERATORS OF OUTPUT 75–375 KVA 84
TABLE 9 IMPORT TARIFFS FOR HS 850163 AC GENERATORS OF OUTPUT 375–750 KVA 85
TABLE 10 IMPORT TARIFFS FOR HS 850164 AC GENERATORS OF OUTPUT > 750 KVA 87
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 14 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 90
TABLE 15 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 90
5.12.3 CODES AND REGULATIONS RELATED TO GENERATOR SETS 91
TABLE 16 GENERATOR SALES MARKET: CODES AND REGULATIONS 91
5.13 PORTER’S FIVE FORCES ANALYSIS 95
FIGURE 43 GENERATOR SALES MARKET: PORTER’S FIVE FORCES ANALYSIS 95
TABLE 17 GENERATOR SALES MARKET: PORTER’S FIVE FORCES ANALYSIS 95
5.13.1 THREAT OF NEW ENTRANTS 96
5.13.2 BARGAINING POWER OF SUPPLIERS 96
5.13.3 BARGAINING POWER OF BUYERS 96
5.13.4 THREAT OF SUBSTITUTES 97
5.13.5 DEGREE OF COMPETITION 97
5.14 INNOVATIONS AND PATENT REGISTRATIONS 97
TABLE 18 GENERATORS: INNOVATIONS AND PATENT REGISTRATIONS, 2017–2021 97
5.15 CASE STUDY ANALYSIS 102
5.15.1 CUMMINS’ POWER GENERATION PREVENTS EMERGENCY SITUATIONS AT SPANISH HOSPITAL 102
5.15.2 CUMMINS’ STANDBY POWER TO PROTECT ABDALI HOSPITAL FROM UNSAFE AND COSTLY OUTAGES 102
5.15.3 CUMMINS PROVIDED URGENT STANDBY POWER TO SEVEN-UP TO KEEP ITS PRODUCTION UP AND RUNNING 103
5.15.4 CUMMINS PROVIDED FAILSAFE PRIME AND STANDBY POWER FOR PURECHEM INDUSTRIES LIMITED (PIL)’S FIBER SHEET AND CEMENT PRODUCTION, EVEN DURING UTILITY OUTAGES 103
5.16 KEY CONFERENCES & EVENTS IN 2022–2023 104
TABLE 19 GENERATOR SALES MARKET: DETAILED LIST OF CONFERENCES & EVENTS 104
 
6 GENERATOR SALES MARKET, BY FUEL TYPE 106
6.1 INTRODUCTION 107
FIGURE 44 GENERATOR SALES MARKET, BY FUEL TYPE, 2021 107
TABLE 20 GENERATOR SALES MARKET SIZE, BY FUEL TYPE, 2020–2027 (USD MILLION) 108
6.2 DIESEL 108
6.2.1 EASE OF AVAILABILITY OF DIESEL AS FUEL AND LONG LIFE OF DIESEL GENERATORS DRIVE MARKET GROWTH 108
TABLE 21 DIESEL GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 109
6.3 GAS 110
6.3.1 EXPANDING GAS DISTRIBUTION NETWORK TO DRIVE GROWTH OF MARKET FOR THIS SEGMENT DURING FORECAST PERIOD 110
TABLE 22 GAS GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 110
6.4 OTHERS 111
TABLE 23 OTHER GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 111
7 GENERATOR SALES MARKET, BY POWER RATING 112
7.1 INTRODUCTION 113
FIGURE 45 GENERATOR SALES MARKET, BY POWER RATING, 2021 113
TABLE 24 GENERATOR SALES MARKET SIZE, BY POWER RATING, 2020–2027 (USD MILLION) 113
TABLE 25 GENERATOR SALES MARKET SIZE, BY POWER RATING, 2020–2027 (THOUSAND UNITS) 114
7.2 UP TO 50 KW 114
7.2.1 INCREASING DEMAND FOR CONTINUOUS POWER SUPPLY FROM SMALL COMMERCIAL END USERS AND HOMEOWNERS TO DRIVE THIS SEGMENT 114
FIGURE 46 GENERATOR SALES MARKET, BY UP TO 50 KW POWER RATING, 2021 114
TABLE 26 UP TO 50 KW GENERATOR SALES MARKET SIZE, BY POWER RATING, 2020–2027 (USD MILLION) 115
TABLE 27 UP TO 50 KW GENERATOR SALES MARKET SIZE, BY POWER RATING, 2020–2027 (THOUSAND UNITS) 115
TABLE 28 UP TO 50 KW GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 115
7.2.1.1 Up to 10 kW 116
7.2.1.2 11–20 kW 116
7.2.1.3 21–30 kW 116
7.2.1.4 31–40 kW 116
7.2.1.5 41–50 kW 116
7.3 51–280 KW 117
7.3.1 USE IN REMOTE CONSTRUCTION SITES IS DRIVING THIS SEGMENT’S GROWTH 117
TABLE 29 51–280 KW GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 117
7.4 281–500 KW 118
7.4.1 SURGING DEMAND IN OIL & GAS AND MINING INDUSTRIES TO DRIVE GROWTH 118
TABLE 30 281–500 KW GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 118
7.5 501–2,000 KW 119
7.5.1 GROWING CHEMICALS, PETROCHEMICALS, AND COMMERCIAL SECTORS TO BOOST SEGMENT GROWTH 119
TABLE 31 501–2,000 KW GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 119
7.6 2,001–3,500 KW 120
7.6.1 INCREASED DEMAND IN POWER GENERATION SECTOR TO ENHANCE GROWTH OF 2,001–3,500 KW SEGMENT 120
TABLE 32 2,001–3,500 KW GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 120
7.7 ABOVE 3,500 KW 121
7.7.1 INCREASING DEMAND FOR UNINTERRUPTED POWER SUPPLY IN MARINE SECTOR AND OFFSHORE OIL & GAS OPERATIONS TO DRIVE GROWTH 121
TABLE 33 ABOVE 3,500 KW GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 121
8 GENERATOR SALES MARKET, BY APPLICATION 122
8.1 INTRODUCTION 123
FIGURE 47 GENERATOR SALES MARKET, BY APPLICATION, 2021 123
TABLE 34 GENERATOR SALES MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION) 123
8.2 STANDBY 124
8.2.1 INCREASING FREQUENCY OF POWER OUTAGES HAS DRIVEN DEMAND FOR STANDBY GENERATORS IN HOSPITALS, DATA CENTERS, AND RESIDENTIAL END USES 124
TABLE 35 GENERATOR SALES MARKET FOR STANDBY, BY REGION, 2020–2027 (USD MILLION) 125
8.3 PRIME & CONTINUOUS 125
8.3.1 RISING OFF-GRID CONSTRUCTION AND MINING ACTIVITIES AND TECHNOLOGICAL ADVANCEMENTS IN MILITARY SECTOR DRIVE DEMAND FOR PRIME & CONTINUOUS GENERATORS 125
TABLE 36 GENERATOR SALES MARKET FOR PRIME & CONTINUOUS, BY REGION, 2020–2027 (USD MILLION) 126
8.4 PEAK SHAVING 126
8.4.1 NEED TO REDUCE UTILITY COSTS DRIVES DEMAND FOR PEAK SHAVING GENERATORS IN SUMMER AND WINTER SEASONS 126
TABLE 37 GENERATOR SALES MARKET FOR PEAK SHAVING, BY REGION, 2020–2027 (USD MILLION) 127
 
9 GENERATOR SALES MARKET, BY END USER 128
9.1 INTRODUCTION 129
FIGURE 48 GENERATOR SALES MARKET, BY END USER, 2021 129
TABLE 38 GENERATOR SALES MARKET SIZE, BY END USER, 2020–2027 (USD MILLION) 129
9.2 INDUSTRIAL 130
FIGURE 49 GENERATOR SALES MARKET, BY INDUSTRIAL END USER, 2021 130
TABLE 39 GENERATOR SALES MARKET SIZE, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 131
TABLE 40 INDUSTRIAL GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 131
9.2.1 UTILITIES/POWER GENERATION 132
9.2.1.1 Rising adoption of generators for standby power and during peak demand period to reduce demand–supply gap in remote areas to drive market growth 132
TABLE 41 GENERATOR SALES MARKET SIZE FOR UTILITIES/POWER GENERATION, BY REGION, 2020–2027 (USD MILLION) 132
9.2.2 OIL & GAS 133
9.2.2.1 Installation of modern drilling machines for exploration & production activities to accelerate demand for heavy-duty generator sets 133
TABLE 42 GENERATOR SALES MARKET SIZE FOR OIL & GAS, BY REGION, 2020–2027 (USD MILLION) 133
9.2.3 CHEMICALS & PETROCHEMICALS 134
9.2.3.1 Growing demand from chemicals & petrochemicals industry in Asia Pacific to accelerate demand for generator sets 134
TABLE 43 GENERATOR SALES MARKET SIZE FOR CHEMICALS & PETROCHEMICALS, BY REGION, 2020–2027 (USD MILLION) 134
9.2.4 METALS & MINING 135
9.2.4.1 Use in remote, off-grid mining sites to boost demand for generators 135
TABLE 44 GENERATOR SALES MARKET SIZE FOR METALS & MINING, BY REGION, 2020–2027 (USD MILLION) 135
9.2.5 MANUFACTURING 136
9.2.5.1 Increasing initiatives by manufacturers to set up captive power plants to reduce utility costs are expected to drive market for generator sets 136
TABLE 45 GENERATOR SALES MARKET SIZE FOR MANUFACTURING, BY REGION, 2020–2027 (USD MILLION) 136
9.2.6 MARINE 137
9.2.6.1 Adoption of generators to power propulsion systems is expected to boost demand 137
TABLE 46 GENERATOR SALES MARKET SIZE FOR MARINE, BY REGION, 2020–2027 (USD MILLION) 137
9.2.7 CONSTRUCTION 138
9.2.7.1 Ease of use in remote construction sites for temporary durations to accelerate demand for generator sets 138
TABLE 47 GENERATOR SALES MARKET SIZE FOR CONSTRUCTION, BY REGION, 2020–2027 (USD MILLION) 138
9.2.8 OTHERS 139
TABLE 48 GENERATOR SALES MARKET FOR OTHER INDUSTRIAL END USERS, BY REGION, 2020–2027 (USD MILLION) 139
9.3 COMMERCIAL 140
FIGURE 50 GENERATOR SALES MARKET, BY COMMERCIAL END USER, 2021 140
TABLE 49 GENERATOR SALES MARKET, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 140
TABLE 50 COMMERCIAL GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 141
9.3.1 HEALTHCARE 141
9.3.1.1 Demand for uninterrupted power supply to boost market for backup generators 141
TABLE 51 GENERATOR SALES MARKET FOR HEALTHCARE, BY REGION, 2020–2027 (USD MILLION) 142
9.3.2 IT & TELECOM 142
9.3.2.1 Increasing demand for generators in IT & telecom sector for continuity of business operations to drive growth 142
TABLE 52 GENERATOR SALES MARKET FOR IT & TELECOM, BY REGION, 2020–2027 (USD MILLION) 143
9.3.3 DATA CENTERS 143
9.3.3.1 Increasing need to improve uptime and avoid eliminate costly operational to boost demand for generator sets 143
TABLE 53 GENERATOR SALES MARKET FOR DATA CENTERS, BY REGION, 2020–2027 (USD MILLION) 143
9.3.4 OTHERS 144
TABLE 54 GENERATOR SALES MARKET FOR OTHER COMMERCIAL END USERS, BY REGION, 2020–2027 (USD MILLION) 144
9.4 RESIDENTIAL 145
9.4.1 INCREASING DEMAND FOR ELECTRICITY AND EXPANDING RESIDENTIAL REAL ESTATE SECTOR TO DRIVE DEMAND FOR GENERATORS 145
TABLE 55 GENERATOR SALES MARKET FOR RESIDENTIAL, BY REGION, 2020–2027 (USD MILLION) 145
10 GENERATOR SALES MARKET, BY DESIGN 146
10.1 INTRODUCTION 147
FIGURE 51 GENERATOR SALES MARKET, BY DESIGN, 2021 147
TABLE 56 GENERATOR SALES MARKET SIZE, BY DESIGN, 2020–2027 (USD MILLION) 147
10.2 STATIONARY 148
10.2.1 USE OF LOW-NOISE ENGINE TECHNOLOGY AND GROWING OIL & GAS, CHEMICALS & PETROCHEMICALS, TELECOMMUNICATIONS, AND MANUFACTURING INDUSTRIES TO FUEL DEMAND FOR STATIONARY GENERATORS 148
TABLE 57 STATIONARY GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 148
 
10.3 PORTABLE 149
10.3.1 ACCESSIBILITY TO REMOTE LOCATIONS AND SUITABILITY FOR TEMPORARY APPLICATIONS ARE DRIVING GROWTH OF PORTABLE GENERATORS 149
TABLE 58 PORTABLE GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 149
11 GENERATOR SALES MARKET, BY SALES CHANNEL 150
11.1 INTRODUCTION 151
FIGURE 52 GENERATOR SALES MARKET, BY SALES CHANNEL, 2021 151
TABLE 59 GENERATOR SALES MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 151
11.2 DIRECT 152
11.2.1 DIRECT SALES ELIMINATES INTERMEDIARIES INVOLVED IN DISTRIBUTION OF GENERATORS AND HELPS IN REDUCING ADVERTISING COSTS 152
TABLE 60 GENERATOR SALES MARKET FOR DIRECT SALES CHANNEL, BY REGION, 2020–2027 (USD MILLION) 152
11.3 INDIRECT 153
11.3.1 BETTER PRODUCT REACH AND PREFERENCE FOR PROCUREMENT OF GENERATORS THROUGH INDIRECT SALES CHANNEL TO BOOST MARKET GROWTH 153
TABLE 61 GENERATOR SALES MARKET FOR INDIRECT SALES CHANNEL, BY REGION, 2020–2027 (USD MILLION) 153
12 GENERATOR SALES MARKET, BY REGION 154
12.1 INTRODUCTION 155
FIGURE 53 GENERATOR SALES MARKET IN ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 155
FIGURE 54 GENERATOR SALES MARKET SHARE, BY REGION, 2021 156
TABLE 62 GENERATOR SALES MARKET SIZE, BY REGION, 2020–2027 (USD MILLION) 156
TABLE 63 GENERATOR SALES MARKET, BY REGION, 2020–2027 (THOUSAND UNITS) 156
12.2 ASIA PACIFIC 157
FIGURE 55 SNAPSHOT: GENERATOR SALES MARKET IN ASIA PACIFIC 158
12.2.1 BY FUEL TYPE 159
TABLE 64 GENERATOR SALES MARKET IN ASIA PACIFIC, BY FUEL TYPE, 2020–2027 (USD MILLION) 159
12.2.2 BY POWER RATING 159
TABLE 65 GENERATOR SALES MARKET IN ASIA PACIFIC, BY POWER RATING, 2020–2027 (USD MILLION) 159
TABLE 66 GENERATOR SALES MARKET IN ASIA PACIFIC, BY POWER RATING, 2020–2027 (THOUSAND UNITS) 159
TABLE 67 UP TO 50 KW GENERATOR SALES MARKET IN ASIA PACIFIC, BY POWER RATING, 2020–2027 (USD MILLION) 160
TABLE 68 UP TO 50 KW GENERATOR SALES MARKET SIZE IN ASIA PACIFIC, BY POWER RATING, 2020–2027 (THOUSAND UNITS) 160
12.2.3 BY APPLICATION 160
TABLE 69 GENERATOR SALES MARKET IN ASIA PACIFIC, BY APPLICATION, 2020–2027 (USD MILLION) 160
12.2.4 BY END USER 161
TABLE 70 GENERATOR SALES MARKET IN ASIA PACIFIC, BY END USER, 2020–2027 (USD MILLION) 161
TABLE 71 GENERATOR SALES MARKET IN ASIA PACIFIC, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 161
TABLE 72 GENERATOR SALES MARKET IN ASIA PACIFIC, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 161
12.2.5 BY SALES CHANNEL 162
TABLE 73 GENERATOR SALES MARKET IN ASIA PACIFIC, BY SALES CHANNEL, 2020–2027 (USD MILLION) 162
12.2.6 BY DESIGN 162
TABLE 74 GENERATOR SALES MARKET IN ASIA PACIFIC, BY DESIGN, 2020–2027 (USD MILLION) 162
12.2.7 BY COUNTRY 162
TABLE 75 GENERATOR SALES MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2027 (USD MILLION) 162
12.2.7.1 China 163
12.2.7.1.1 Rise in energy demand coupled with rapid urbanization and industrialization to create growth opportunities 163
TABLE 76 GENERATOR SALES MARKET IN CHINA, BY FUEL TYPE, 2020–2027 (USD MILLION) 163
TABLE 77 GENERATOR SALES MARKET IN CHINA, BY END USER, 2020–2027 (USD MILLION) 163
TABLE 78 GENERATOR SALES MARKET IN CHINA, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 164
TABLE 79 GENERATOR SALES MARKET IN CHINA, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 164
12.2.7.2 India 165
12.2.7.2.1 Increased need for reliable electricity and rapid economic growth to drive market 165
TABLE 80 GENERATOR SALES MARKET IN INDIA, BY FUEL TYPE, 2020–2027 (USD MILLION) 165
TABLE 81 GENERATOR SALES MARKET IN INDIA, BY END USER, 2020–2027 (USD MILLION) 166
TABLE 82 GENERATOR SALES MARKET IN INDIA, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 166
TABLE 83 GENERATOR SALES MARKET IN INDIA, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 166
12.2.7.3 Japan 167
12.2.7.3.1 Growing natural gas infrastructure and renovation of grid infrastructure to boost market growth 167
TABLE 84 GENERATOR SALES MARKET IN JAPAN, BY FUEL TYPE, 2020–2027 (USD MILLION) 167
TABLE 85 GENERATOR SALES MARKET IN JAPAN, BY END USER, 2020–2027 (USD MILLION) 167
TABLE 86 GENERATOR SALES MARKET IN JAPAN, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 168
TABLE 87 GENERATOR SALES MARKET IN JAPAN, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 168
12.2.7.4 Australia 169
12.2.7.4.1 Government programs and development of construction and mining activities to accelerate market growth 169
TABLE 88 GENERATOR SALES MARKET IN AUSTRALIA, BY FUEL TYPE, 2020–2027 (USD MILLION) 169
TABLE 89 GENERATOR SALES MARKET IN AUSTRALIA, BY END USER, 2020–2027 (USD MILLION) 169
TABLE 90 GENERATOR SALES MARKET IN AUSTRALIA, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 170
TABLE 91 GENERATOR SALES MARKET IN AUSTRALIA, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 170
12.2.7.5 South Korea 171
12.2.7.5.1 Growing investments in manufacturing and marine industries in South Korea to drive market 171
TABLE 92 GENERATOR SALES MARKET IN SOUTH KOREA, BY FUEL TYPE, 2020–2027 (USD MILLION) 171
TABLE 93 GENERATOR SALES MARKET IN SOUTH KOREA, BY END USER, 2020–2027 (USD MILLION) 171
TABLE 94 GENERATOR SALES MARKET IN SOUTH KOREA, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 172
TABLE 95 GENERATOR SALES MARKET IN SOUTH KOREA, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 172
12.2.7.6 New Zealand 173
12.2.7.6.1 Government programs and development of tourism sector to accelerate market growth 173
TABLE 96 GENERATOR SALES MARKET IN NEW ZEALAND, BY FUEL TYPE, 2020–2027 (USD MILLION) 173
TABLE 97 GENERATOR SALES MARKET IN NEW ZEALAND, BY END USER, 2020–2027 (USD MILLION) 173
TABLE 98 GENERATOR SALES MARKET IN NEW ZEALAND, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 174
TABLE 99 GENERATOR SALES MARKET IN NEW ZEALAND, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 174
12.2.7.7 Rest of Asia Pacific 175
TABLE 100 GENERATOR SALES MARKET IN REST OF ASIA PACIFIC, BY FUEL TYPE, 2020–2027 (USD MILLION) 175
TABLE 101 GENERATOR SALES MARKET IN REST OF ASIA PACIFIC, BY END USER, 2020–2027 (USD MILLION) 175
TABLE 102 GENERATOR SALES MARKET IN REST OF ASIA PACIFIC, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 176
TABLE 103 GENERATOR SALES MARKET IN REST OF ASIA PACIFIC, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 176
 
12.3 NORTH AMERICA 177
FIGURE 56 SNAPSHOT: GENERATOR SALES MARKET IN NORTH AMERICA 178
12.3.1 BY FUEL TYPE 179
TABLE 104 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY FUEL TYPE, 2020–2027 (USD MILLION) 179
12.3.2 BY POWER RATING 179
TABLE 105 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY POWER RATING, 2020–2027 (USD MILLION) 179
TABLE 106 GENERATOR SALES MARKET VOLUME IN NORTH AMERICA, BY POWER RATING, 2020–2027 (THOUSAND UNITS) 179
TABLE 107 UP TO 50 KW GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY POWER RATING, 2020–2027 (USD MILLION) 180
TABLE 108 UP TO 50 KW GENERATOR SALES MARKET VOLUME IN NORTH AMERICA, BY POWER RATING, 2020–2027 (THOUSAND UNITS) 180
12.3.3 BY APPLICATION 180
TABLE 109 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY APPLICATION, 2020–2027 (USD MILLION) 180
12.3.4 BY END USER 181
TABLE 110 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY END USER, 2020–2027 (USD MILLION) 181
TABLE 111 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 181
TABLE 112 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 181
12.3.5 BY SALES CHANNEL 182
TABLE 113 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY SALES CHANNEL, 2020–2027 (USD MILLION) 182
12.3.6 BY DESIGN 182
TABLE 114 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY DESIGN, 2020–2027 (USD MILLION) 182
12.3.7 BY COUNTRY 182
TABLE 115 GENERATOR SALES MARKET SIZE IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION) 182
12.3.7.1 US 183
12.3.7.1.1 Aging power grid infrastructure, shale gas developments, and need for reliable backup power majorly contribute to rise in demand for generators 183
TABLE 116 GENERATOR SALES MARKET SIZE IN US, BY FUEL TYPE, 2020–2027 (USD MILLION) 184
TABLE 117 GENERATOR SALES MARKET SIZE IN US, BY END USER, 2020–2027 (USD MILLION) 184
TABLE 118 GENERATOR SALES MARKET SIZE IN US, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 184
TABLE 119 GENERATOR SALES MARKET SIZE IN US, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 185
12.3.7.2 Canada 185
12.3.7.2.1 Increasing demand for generators in mining and oil & gas industries to propel market growth 185
TABLE 120 GENERATOR SALES MARKET SIZE IN CANADA, BY FUEL TYPE, 2020–2027 (USD MILLION) 186
TABLE 121 GENERATOR SALES MARKET SIZE IN CANADA, BY END USER, 2020–2027 (USD MILLION) 186
TABLE 122 GENERATOR SALES MARKET SIZE IN CANADA, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 186
TABLE 123 GENERATOR SALES MARKET SIZE IN CANADA, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 187
12.3.7.3 Mexico 187
12.3.7.3.1 Rising energy requirements and growing manufacturing, oil & gas, and mining sectors are likely to boost demand for generator sets 187
TABLE 124 GENERATOR SALES MARKET SIZE IN MEXICO, BY FUEL TYPE, 2020–2027 (USD MILLION) 188
TABLE 125 GENERATOR SALES MARKET SIZE IN MEXICO, BY END USER, 2020–2027 (USD MILLION) 188
TABLE 126 GENERATOR SALES MARKET SIZE IN MEXICO, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 189
TABLE 127 GENERATOR SALES MARKET SIZE IN MEXICO, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 189
12.4 EUROPE 190
12.4.1 BY FUEL TYPE 190
TABLE 128 GENERATOR SALES MARKET SIZE IN EUROPE, BY FUEL TYPE, 2020–2027 (USD MILLION) 190
12.4.2 BY POWER RATING 191
TABLE 129 GENERATOR SALES MARKET SIZE IN EUROPE, BY POWER RATING, 2020–2027 (USD MILLION) 191
TABLE 130 GENERATOR SALES MARKET VOLUME IN EUROPE, BY POWER RATING, 2020–2027 (THOUSAND UNITS) 191
TABLE 131 UP TO 50 KW GENERATOR SALES MARKET SIZE IN EUROPE, BY POWER RATING, 2020–2027 (USD MILLION) 191
TABLE 132 UP TO 50 KW GENERATOR SALES MARKET VOLUME IN EUROPE, BY POWER RATING, 2020–2027 (THOUSAND UNITS) 192
12.4.3 BY APPLICATION 192
TABLE 133 GENERATOR SALES MARKET SIZE IN EUROPE, BY APPLICATION, 2020–2027 (USD MILLION) 192
12.4.4 BY END USER 192
TABLE 134 GENERATOR SALES MARKET SIZE IN EUROPE, BY END USER, 2020–2027 (USD MILLION) 192
TABLE 135 GENERATOR SALES MARKET SIZE IN EUROPE, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 193
TABLE 136 GENERATOR SALES MARKET SIZE IN EUROPE, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 193
12.4.5 BY SALES CHANNEL 193
TABLE 137 GENERATOR SALES MARKET SIZE IN EUROPE, BY SALES CHANNEL, 2020–2027 (USD MILLION) 193
12.4.6 BY DESIGN 194
TABLE 138 GENERATOR SALES MARKET SIZE IN EUROPE, BY DESIGN, 2020–2027 (USD MILLION) 194
12.4.7 BY COUNTRY 194
TABLE 139 GENERATOR SALES MARKET SIZE IN EUROPE, BY COUNTRY, 2020–2027 (USD MILLION) 194
12.4.7.1 Germany 194
12.4.7.1.1 Need for reliable backup power for manufacturing and growing investments for data center and construction sector to boost market growth 194
TABLE 140 GENERATOR SALES MARKET SIZE IN GERMANY, BY FUEL TYPE, 2020–2027 (USD MILLION) 195
TABLE 141 GENERATOR SALES MARKET SIZE IN GERMANY, BY END USER, 2020–2027 (USD MILLION) 195
TABLE 142 GENERATOR SALES MARKET SIZE IN GERMANY, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 196
TABLE 143 GENERATOR SALES MARKET SIZE IN GERMANY, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 196
12.4.7.2 Russia 196
12.4.7.2.1 Surging investments in oil & gas and marine sectors and expanding gas transportation infrastructure to accelerate market growth 196
TABLE 144 GENERATOR SALES MARKET SIZE IN RUSSIA, BY FUEL TYPE, 2020–2027 (USD MILLION) 197
TABLE 145 GENERATOR SALES MARKET SIZE IN RUSSIA, BY END USER, 2020–2027 (USD MILLION) 198
TABLE 146 GENERATOR SALES MARKET SIZE IN RUSSIA, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 198
TABLE 147 GENERATOR SALES MARKET SIZE IN RUSSIA, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 198
12.4.7.3 France 199
12.4.7.3.1 Demand for generators in telecom and manufacturing sectors is fueling market growth 199
TABLE 148 GENERATOR SALES MARKET SIZE IN FRANCE, BY FUEL TYPE, 2020–2027 (USD MILLION) 199
TABLE 149 GENERATOR SALES MARKET SIZE IN FRANCE, BY END USER, 2020–2027 (USD MILLION) 200
TABLE 150 GENERATOR SALES MARKET SIZE IN FRANCE, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 200
TABLE 151 GENERATOR SALES MARKET SIZE IN FRANCE, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 200
12.4.7.4 UK 201
12.4.7.4.1 Growing demand for data centers in UK to drive market growth 201
TABLE 152 GENERATOR SALES MARKET SIZE IN UK, BY FUEL TYPE, 2020–2027 (USD MILLION) 201
TABLE 153 GENERATOR SALES MARKET SIZE IN UK, BY END USER, 2020–2027 (USD MILLION) 201
TABLE 154 GENERATOR SALES MARKET SIZE IN UK, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 202
TABLE 155 GENERATOR SALES MARKET SIZE IN UK, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 202
12.4.7.5 Rest of Europe 203
TABLE 156 GENERATOR SALES MARKET SIZE IN REST OF EUROPE, BY FUEL TYPE, 2020–2027 (USD MILLION) 203
TABLE 157 GENERATOR SALES MARKET SIZE IN REST OF EUROPE, BY END USER, 2020–2027 (USD MILLION) 203
TABLE 158 GENERATOR SALES MARKET SIZE IN REST OF EUROPE, BY INDUSTRIAL END USER, 2020–2027 (USD MILLION) 204
TABLE 159 GENERATOR SALES MARKET SIZE IN REST OF EUROPE, BY COMMERCIAL END USER, 2020–2027 (USD MILLION) 204