According to a new report, published by KBV research, The Global Air-Cooled Generators Market size is expected to reach $5.6 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,250.89 thousand units, experiencing a growth of 5.0% (2019-2022).
Manufacturers are introducing innovative engine designs, electronic fuel injection systems, and hybrid power solutions to optimize fuel consumption and reduce emissions, lowering operating costs and environmental impact. Likewise, noise pollution is a significant concern in residential and urban areas, prompting manufacturers to focus on developing quieter air-cooled generators. Advanced muffler designs, sound-dampening enclosures, and noise-reducing technologies are being implemented to minimize generator noise levels, making them more suitable for use in noise-sensitive environments such as residential neighborhoods and recreational areas.
There is a growing demand for compact and lightweight air-cooled generators that are easy to transport, install, and maneuver in various settings. Manufacturers are leveraging innovative engineering techniques, materials, and component designs to reduce generators' overall size and weight without compromising performance or reliability, catering to customers' needs with space constraints or mobility requirements. Additionally, with the growing focus on renewable energy and sustainability, there is a trend towards integrating air-cooled generators with renewable energy sources such as solar and wind power.
The Stationary segment would exhibit a CAGR of 6.1% during (2023 - 2030). Stationary generators are used as backup power sources by many commercial and industrial structures, such as factories, office buildings, retail stores, and warehouses, to lessen the effects of power outages on their daily operations. Additionally, stationary generators can automatically kick in during utility failures, preventing costly downtime, production losses, and disruptions to business operations.
The Enclosed System segment is generating highest revenue in the Global Air-Cooled Generators Market by System in 2022; thereby, achieving a market value of $4.1 Billion by 2030. Enclosed systems offer increased security and safety features, such as lockable access panels and tamper-resistant designs, which help prevent unauthorized access to the generator components. Additionally, enclosed systems reduce the risk of accidents or injuries by enclosing moving parts and hot surfaces, making them safer for users and bystanders.
The Industrial segment is experiencing a CAGR of 5.9% during (2023 - 2030). Air-cooled generators come in various sizes and power capacities, making them suitable for various industrial applications, from small businesses to large manufacturing facilities. Industrial users can choose generators matching their specific power requirements, allowing scalability and flexibility to accommodate evolving needs and operational expansions.
Full Report: https://www.kbvresearch.com/air-cooled-generators-market/
The Asia Pacific region dominated the Global Air-Cooled Generators Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.7 Billion by 2030. The Europe region is anticipated to grow at a CAGR of 4.7% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 5.2% during (2023 - 2030).
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 Geography (Volume, Thousand Units, USD Billion, 2019-2030)
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