What is projected growth for the silent generator market from 2024 to 2025?
The silent generator market size has grown robustly over the years, with an expected increase from $3.06 billion in 2024 to $3.28 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. This surge in the historic period can be attributed to the rising demand for reliable backup power, expansion in the construction and industrial sectors, power outages, grid instability, application in remote areas, and concerns about noise pollution.
The silent generator market size is anticipated to witness strong growth in the following years, projected to rise to $4.26 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. Reasons for this forecasted growth include the transition to cleaner and greener generator technologies, integration of IoT for remote monitoring and control, energy storage, and hybrid generator systems, increased demand in residential areas, sustainable and low-emission power generation, and the expansion in telecommunication and data center sectors.
Trend predictions for the forecast period include smart silent generators with predictive maintenance, inverter generators for sensitive electronic devices, portable and compact silent generator solutions, renewable energy integration for silent power generation, energy-efficient and fuel-flexible generator options, and rental and on-demand silent generator services.
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What are the driving factors of the silent generator market?
The rising demand for continuous and reliable power supply during blackouts from the residential sector is propelling the increase of silent generators. During power outages, these generators play a crucial role in providing power to homes and businesses. According to the International Energy Agency (IEA), an average annual growth of 2.7 percent in electricity demand is expected from 2022 to 2024, although the ongoing COVID-19 pandemic and high energy prices have introduced some uncertainties surrounding this forecast. Nevertheless, the increasing electricity demand will likely push the usage of silent generators, contributing to the market’s expansion.
How is the silent generator market segmented?
The silent generator market is segmented as follows –
1) By Type: Portable, Stationary
2) By Power Rating: Up to 25 KVA, 25 KVA- 49 KVA, 50 – 99 KVA, 100- 499 KVA, Above 500 KVA
3) By Fuel Type: Gas, Diesel, Other Fuel Types
4) By Application: Standby And Peak, Prime Mover
5) By End User: Residential, Commercial, Industrial
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What major players are operating within the silent generator market?
The silent generator market is dominated by key players such as Atlas Copco AB, Constant Power Solutions Ltd, Cummins Inc., Fujian Epos Electric Machinery Co. Ltd., Generac Holdings Inc., Greaves Cotton Limited, Himoinsa S.L., Honda Power Equipment Mfg. Inc., Huu Toan Corporation, Jakson Group, Jiangxi Vigorous New Energy Technology Co. Ltd., Kingway Group Co. Ltd., Action Construction Equipment Ltd., Ashok Leyland Limited, Briggs & Stratton Corporation, C&S Electric Limited, Caterpillar Inc., Doosan Portable Power, Euro Diesel (UK) Ltd., FG Wilson (Engineering) Ltd., JCB Power Products Ltd., Deere & Company, Kirloskar Oil Engines Limited, Kohler Co., Mahindra Powerol Limited, Mitsubishi Heavy Industries Ltd., MTU Onsite Energy GmbH, Perkins Engines Company Limited, Powerica Limited, Prakash Industries Limited, and Rolls-Royce Power Systems AG.
What are the emerging trends in the silent generator market?
Companies in the silent generator market are shifting towards IoT-enabled devices for real-time tracking of performance and parameters from any location. For instance, in August 2022, Kirloskar Oil Engines Limited, an industrial machinery manufacturing company based in India, launched new gas generators to enhance sustainable power generation solutions. These advanced, IoT-enabled units are designed for efficient operation in extreme conditions, offering significant emission and noise reduction compared to conventional options. They are also equipped with a digital monitoring system for real-time performance tracking.
Which region dominated the silent generator market in 2024?
In 2024, North America held the largest share in the silent generator market. The regions covered in this report also include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Silent Generator Market Report 2025 Offer?
A silent generator is a type of generator specifically designed to operate with minimal noise, rendering it suitable for environments where noise control is critical such as residential areas, outdoor events, or construction sites. These generators employ soundproof enclosures or advanced technologies to decrease operational noise levels while maintaining reliable power provision.
The Silent Generator Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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