Overview and Scope
The silent generators refer to the generator which is used to back up the power during power outages and also used where there is electricity is needed. Silent Generator refers to that where the sound of the generator is minimal as compared with the diesel generator and also, they are very most commonly used hard material to reflect the sound and also the energy inside the generator.
Sizing and Forecast
The silent generator market size has grown strongly in recent years. It will grow from $2.89 billion in 2023 to $3.12 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increased demand for reliable backup power, growth in the construction and industrial sectors, power outages and grid instability, remote and off-grid applications, noise pollution concerns..
The silent generator market size is expected to see strong growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to transition to cleaner and greener generator technologies, integration of iot for remote monitoring and control, energy storage and hybrid generator systems, increased demand for silent generators in residential areas, sustainable and low-emission power generation, expansion in telecommunication and data center sectors.. Major trends in 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, rental and on-demand silent generator services..
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Segmentation & Regional Insights
The silent generator market covered in this report is segmented –
1) By Type: Portable, Stationary
2) By Power Rating: Upto 25 KVA, 25 KVA- 49 KVA, 50 – 99 KVA, 100- 499 KVA, Above 500 KVA
3) By Fuel Type: Gas, Disel, Other Fuel Types
4) By Application: Standby And Peak, Prime Mover
5) By End User: Reidential, Commercial, Industrial
North America was the largest region in the silent generator market in 2023. The regions covered in the silent generator market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for continuous and reliable power supply during blackouts from the residential sector is driving the increase of silent generators bought or rented by an individual or by a company. Many of them are using generators mainly due to no reliable power supply and to overcome the blackouts or power outages in the residential sector. For instance, according to The International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, a semi-annual electricity market report forecasted an average annual growth of 2.7 percent in electricity demand from 2022 to 2024, though the COVID-19 pandemic and high energy prices cast doubt on this forecast. This increasing electricity demand will invariably increase the usage of silent generators to provide a continuous and reliable power supply. The growing demand for continuous and reliable power supply during blackouts from the residential sector is expected to propel the growth of the silent generator market in the coming years.
Key Industry Players
Major companies operating in the silent generator market include 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, Rolls-Royce Power Systems AG, Sofar Solar Co. Ltd.
The silent generator market report table of contents includes:
1. Executive Summary
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