Silent Generator Market

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.

Market Dynamic

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.

COVID-19 Impact

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:

• Silent
• Super Silent

By Type:

• Portable
• Stationary

By Phase:

• Single Phase
• Three Phase

By Power Rating:

• Upto 25kVA
• 25kVA-49kVA
• 50kVA-99kVA
• 100kVA-499kVA
• Above 500kVA

By Fuel:

• Diesel
• Natural Gas
• Others

By Application:

• Standby and Peak
• Prime Mover

By End User:

• Residential
• Commercial
• Industrial

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, the North American market held a sizeable revenue share of 37.9 %. North America dominates the silent generators market because of the rise in construction activities and increases in urbanization within the region. The construction sector is projected to continue rising over the forecast period due to its demand for power supply. North America has a huge urban population, which generates extra power consumption & hence growth opportunities for generators.
• The energy efficiency mandate is expected to see significant growth across Europe from 2022 to 2032. This is because energy efficiency policies are being implemented in all buildings across countries in this region, leading to an EU-wide increase in demand for building energy.

Competition Analysis

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:

• In January 2021, Cummins Inc (US) launched the QG 2800i and 2500i. For the recreational vehicle industry, these inverter generators are 60% quieter. These generators use liquid propane and gasoline as fuel (LP).
• In November 2020, Rolls-Royce announced investments in the Power Systems business area of up to USD 13.9 million. The money was invested in Mankato, Minnesota’s multi-phase expansion and construction of a new R&D building (US).

A list of some of the key suppliers present in the market are:

• Cummins Inc.
• Rolls-Royce plc
• Atlas Copco
• 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.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.