The Europe Air-Cooled Generators Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 367.55 thousand units, showcasing a growth of 4.4% (2019-2022).
Stationary generators are widely utilized for providing backup power in residential, commercial, and industrial settings. These generators are designed to be permanently installed on-site and are connected directly to the electrical system of a building or facility. Stationary generators typically operate on natural gas, propane, or diesel fuel and are equipped with automatic transfer switches that detect power outages and automatically start the generator to restore electricity. Therefore, the Germany Market consumed 24.78 thousand units stationary generators in 2022.
The Germany market dominated the Europe Air-Cooled Generators Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $307 Million by 2030. The UK market is exhibiting a CAGR of 3.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.5% during (2023 - 2030).
Air-cooled generators' portability allows for deployment flexibility, enabling users to move the generator to different locations as needed. This feature particularly benefits construction companies, event organizers, and remote operations where power needs vary or change frequently. Additionally, these can be used for various applications, from powering construction equipment and industrial machinery to providing backup power for residential homes and small businesses.
Air-cooled generators find applications across various sectors and industries, providing reliable backup power solutions. For instance, these are commonly used on construction sites to power tools, machinery, and temporary facilities. They provide essential electricity for drilling, cutting, welding, and lighting, enabling construction crews to work efficiently and safely even in remote or off-grid locations. Industrial manufacturing operations rely on uninterrupted power to maintain production processes and equipment.
As urban populations grow in Europe, so does the demand for reliable backup power solutions to mitigate the impact of power outages on densely populated cities. According to Eurostat, in 2021, broadly similar shares of the EU population were living in predominantly urban regions (40.5 %) and intermediate regions (38.7 %), while the remaining fifth (20.8 %) of the EU population lived in predominantly rural regions. Therefore, the rising urbanization in the region is driving the market's growth.
Free Valuable Insights: The Global Air-Cooled Generators Market will Hit USD 5.6 Billion by 2030, at a CAGR of 5.5%
Based on Type, the market is segmented into Portable and Stationary. Based on System, the market is segmented into Enclosed System and Open Ventilated System. Based on End User, the market is segmented into Residential, Industrial, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By System (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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