Silent Generator Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Silent Generator Market grew at a CAGR of 6.1 % between 2017-2021 and is estimated to be US$ 2,674.1 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.8% and is expected to reach a valuation of US$ 5,162.9 Mn by 2032 end.
Power outages can be a very stressful time for homes and businesses. In recent years, there have been more instances of thermal power-producing facilities in developed and developing countries running out of coal, which frequently causes power outages for homes and businesses. For this reason, Silent generators for homes and businesses have thus become a viable choice in many parts of the world.
RAPID CHANGE IN TECHNOLOGY ADVANCEMENTS WILL BOOST MARKET
In this age of rapid technological advancements, electric power generation has become an increasingly important aspect of our lives. The primary purpose behind this is to provide electricity whenever required, enabling an uninterrupted power supply at all times. In such a scenario, a silent power generator is a life-saving off-grid power-generating source for large commercial units and residential homes. The noise produced by conventional diesel generators is the major factor driving the sale of silent petrol generators for homesteads and hospitals. Also, advancements in the production of super quiet generators will further augment the market with rising demand for silent inverter generators to be used in individual home appliances.
DEPLETING FOSSIL FUEL SOURCES HAMPER THE MARKET GROWTH
The booming demand for renewable energy sources is anticipated to be another major factor restricting the growth of silent electric generators running on petrol or diesel fuels and natural gas. An equally crucial development is the depleting fossil fuel resources in OPEC countries and political disruptions. The increasing price of crude oil across the globe is expected to affect sales of silent diesel generators. Since it can run on both kerosene and diesel, the demand for quiet diesel generators is likely to experience a similar fate with the rise in crude oil prices. Also, the growing emphasis on developing renewable energy sources means that their impact on sales of silent gas generators would not be big due to their low levels of pollution and noise level.
THE RISE IN STANDBY GENERATOR PROJECTS WILL CREATE MORE OPPORTUNITIES FOR THE MARKET
To provide a power backup solution, stationary or standby silent generators are getting increasingly popular these days. Natural Gas is an abundant renewable resource showing tremendous opportunities in the world’s energy usage. The most silent generator in living societies is converted into a more sustainable energy source for positive environmental change.
The Covid-19 pandemic years have dropped the demand for silent generators. On the other hand, soundless generator manufacturers were hit by insufficient human resources at their manufacturing units. The shutting down of commercial points also decreased the demand for new noiseless generator buying and installations. The up-gradation of industrial units by deploying soundless electric generators on their campus also stopped positively impacting the silent generator market. After these years, when people stay at home longer due to health reasons, this rise in demand is expected to reflect the growing number of small silent generators booked to be bought online or in physical marketplaces.
Market Segments Covered in Report
By Sound Level:
By Power Rating:
By End User:
By Region and Country:
Why are diesel generators projected to ensure the most revenue during the forecast period?
The market for silent diesel generator systems is the highest in terms of 60.0% gross revenue. This is mainly because these systems are used for heavy industries and are designed to withstand extreme conditions such as high temperatures and dust. By contrast, other generators are mostly used indoors in residential as they produce less noise and fuel consumption, thus helping you save on energy bills.
Why is the Silent segment expected to expand the fastest during the forecast period?
The silent electric generator producing in the range of 60 to 70 decibels (dB) is projected to be the fastest-growing segment is projected to be the fastest growing segment in 2022-2032. The price of super silent generators sold in the market produces a sound level of even less than 60 decibels. As per the global quiet generator manufacturers’ market analysis report, the annual revenue generated by silent generators would take some more time to grow across much of the world, given its current large share.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The competitive landscape of the silent generators market provides detailed information on the company’s focus on the market, the revenue generated, investment in research and development, new market initiatives, and global presence.
Some of the key developments that have taken place in the Silent Generator Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Sound Level, Type, Phase, Power Rating, Fuel, Application, End User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
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In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 6.8 %.
The growing industrialization and expanding manufacturing sector is predicted to be the major growth factor for generator sales. The latter is attributed to the industry and household sector’s robust growth in electricity consumption.
Major global Silent Generator Market players are Cummins Inc., Rolls-Royce plc, Atlas Copco Ltd., Generac Power Systems, Inc, Honda India, MAHINDRA POWEROL., Multiquip Inc., Greaves Cotton Limited., YANMAR HOLDINGS Co., Ltd., Huu Toan, HIMOINSA, Jakson Group, Greaves Cotton Limited., JIANGXI VIGOROUS NEW ENERGY TECHNOLOGY CO., LTD, Generac Power Systems, Inc., Kirloskar, Multiquip Inc., Kingsway Group, Yamaha Generators., Constant Power Solutions Ltd, KUBOTA Corporation. , Sichuan Yatu Generator Manufacturing Co., Ltd.
The noise level and soundproofing of the generator(s) are essential for the overall success of the equipment. Thus, it has become obligatory for manufacturers to invest in soundproofing systems made of good-quality materials. The soundproofing system used in the super silent generator is a technological improvement incurring a higher price than the general generator types.
The North America region is expected to account for the largest market revenue share in the Global Silent Generator market.
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