Summary

The Generator market was valued at USD 24.11 billion in 2024 and is estimated to reach USD 32.98 billion by 2030, registering a CAGR of 5.4% during the forecast period. Increasing demand for uninterrupted and reliable power supply, rapid industrialization owing to the demand for generators, and the rapidly expanding manufacturing sector are expected to drive the demand for generators.
“Fuel cells segment is expected to grow at the highest CAGR during the forecast period.”
The fuel cells segment is growing at the highest CAGR in the generator market by fuel type. Fuel cells have emerged as a promising market by fuel type for generators globally. With their efficient and clean energy conversion process, fuel cell generators play a significant role in meeting the growing demand for sustainable power generation. With ongoing advancements in fuel cell technology, coupled with the growing availability of renewable hydrogen sources, the sales of fuel cell (hydrogen) fuel type generators are expected to continue their upward trend. These generators will play a pivotal role in the global transition to a cleaner and more sustainable energy landscape.
“Commercial segment is expected to emerge as the second largest segment by end-user.”
Commercial segment is expected to become the second largest end user in the Generator market due to the need of uninterrupted operation. Diverse commercial sectors drive the demand for generators, as they are essential for ensuring business continuity and risk mitigation. Industries such as IT & telecom, healthcare, data centers, hospitality, retail, and public infrastructure all recognize the critical need for a reliable power supply. Power outages can lead to substantial financial losses and pose safety risks, making it crucial for these establishments to maintain smooth operations, especially during peak hours or in remote locations where power grids may be less reliable. Generators play a key role in protecting business interests by providing uninterrupted power, thus minimizing potential disruptions and losses.
“China to grow at the highest CAGR for Asia Pacific Generator market.”
China is experiencing the highest growth rate in the generator market due to several factors. The presence of established players in China such as Weichai Holding Group Co., Ltd., along with a large customer base, is among the major factors driving the generator market in China. China is rapidly urbanizing and moving the majority of its population from rural to urban areas, rapid and furious urban growth accelerates demands for infrastructure to support this growth, which necessarily requires more stable and reliable power sources, thereby increasing demand for generators to serve construction sites, industrial areas, and cities using lots of energy.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 10%, Europe- 15%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

Caterpillar (US), Cummins Inc. (US), Rolls-Royce Plc (UK), Mitsubishi Heavy Industries Ltd. (Japan), Generac (US), and Wacker Neuson SE (Germany), Man Energy Solutions (Germany), Briggs & Stratton (US), Atlas Copco (Sweden), Kirloskar (India) are some of the key players in the Generator market.
The study includes an in-depth competitive analysis of these key players in the Generator market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the Generator market by • fuel type (Diesel, Gas, LPG, Biofuels, Coal Gas, Gasoline, Producer Gas, Fuel Cells), application (Standby, Peak Shaving, Prime & Continuous), sales channel (Direct, Indirect), design (Stationary, Portable), power rating (Upto 50 KW, 51–280 KW, 281–500 KW, 501–2,000 KW, 2,001–3,500 KW, Above 3,500 KW), by end user (Industrial, Commercial, and Residential) and by region (North America, South America, Europe, Asia Pacific, and Middle east & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Generator market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the Generator market. Competitive analysis of upcoming startups in the Generator market ecosystem is covered in this report.
Key Benefits of Buying the Report
• Analysis of key drivers (Increasing demand for uninterrupted and reliable power supply, Rapid industrialization worldwide, Rising power outages signal global surge in generator demand, Renewable energy integration and Distributed Energy Resource Management Systems optimize grids and boost demand for reliable backup generators), restraints (High operational costs associated with diesel generators, High capital expenditure associated with hydrogen energy storage, and Rise in investments in upgrading T&D infrastructure worldwide), opportunities (Rising adoption of fuel cell generators across several industries for backup power, Increasing deployment of hybrid, bi-fuel, and inverter generators, Government initiatives supporting development of hydrogen economy, and Growing popularity of fuel cell generators), and challenges (Longer start-up times of solid oxide fuel cells, Stringent government regulations pertaining to conventional fuel generators) influences the growth of the generator market.

• Product Development/ Innovation: The developments such as Hybrid generator systems are an emerging technology in the generator market due to their ability to combine traditional generators with renewable energy sources like solar or wind power. This integration helps reduce fuel consumption and emissions by using renewable energy as a primary power source, with the generator providing backup power as needed, leading to cost savings and more efficient operation.
• Market Development: Fuel cells is gaining traction as a clean, versatile energy carrier, offering promising solutions for decarbonizing multiple sectors. Recognizing its potential, governments around the world are introducing policies to encourage the production, distribution, and use of fuels cells. These initiatives are fostering a supportive environment for the development and adoption of clean energy technologies, including fuel cell generators. Clean hydrogen production plays a crucial role in advancing fuel cell generators as sustainable energy alternatives. With the increasing emphasis on hydrogen technologies, the demand for fuel cell generators is expected to grow, driving a shift from traditional fossil fuel-based power generation to cleaner, more sustainable solutions.
• Market Diversification: Cummins is focused on driving revenue growth and improving gross margins by strategically repositioning its product portfolio to maximize long-term shareholder value. In 2024, the company introduced the Centum Series genset, responding to strong market demand. The new models, C2750D6E and C3000D6EB, deliver power outputs of 2750kW and 3000kW, respectively, and are specifically engineered for critical applications, including data centers, healthcare facilities, and wastewater treatment plants. These models offer outstanding performance and consistent reliability, ensuring they meet the stringent requirements of their customers.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Caterpillar (US), Cummins Inc. (US), Rolls-Royce Plc (UK), Mitsubishi Heavy Industries Ltd. (Japan), Generac (US), and Wacker Neuson SE (Germany), Man Energy Solutions (Germany), Briggs & Stratton (US), Atlas Copco (Sweden), Kirloskar (India) among others in the Generator market.

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Table of Contents

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 33
1.3.2 INCLUSIONS AND EXCLUSIONS 34
1.3.3 YEARS CONSIDERED 36
1.4 UNIT CONSIDERED 36
1.5 CURRENCY CONSIDERED 36
1.6 LIMITATIONS 36
1.7 STAKEHOLDERS 37
1.8 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 39
2.2.1 SECONDARY AND PRIMARY RESEARCH 40
2.2.2 SECONDARY DATA 40
2.2.2.1 Key data from secondary sources 41
2.2.2.2 List of major secondary sources 41
2.2.3 PRIMARY DATA 41
2.2.3.1 Key data from primary sources 42
2.2.3.2 Key industry insights 42
2.2.3.3 List of primary interview participants 43
2.2.3.4 Breakdown of primaries 43
2.3 MARKET SCOPE 44
2.4 MARKET SIZE ESTIMATION METHODOLOGY 44
2.4.1 BOTTOM-UP APPROACH 44
2.4.1.1 Demand-side analysis 45
2.4.1.2 Regional analysis 46
2.4.1.3 Country-level analysis 46
2.4.1.4 Demand-side assumptions 46
2.4.1.5 Demand-side calculations 46
2.4.2 TOP-DOWN APPROACH 47
2.4.3 SUPPLY-SIDE ANALYSIS 48
2.4.3.1 Supply-side assumptions 49
2.4.3.2 Supply-side calculations 49
2.5 FORECAST ASSUMPTIONS 49
2.6 RISK ANALYSIS 49
2.7 RESEARCH ASSUMPTIONS 50
2.8 RESEARCH LIMITATIONS 50
3 EXECUTIVE SUMMARY 51
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GENERATOR MARKET 56
4.2 GENERATOR MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY 56
4.3 GENERATOR MARKET, BY FUEL TYPE 57
4.4 GENERATOR MARKET, BY APPLICATION 57
4.5 GENERATOR MARKET, BY END USER 57
4.6 GENERATOR MARKET, BY SALES CHANNEL 58
4.7 GENERATOR MARKET, BY DESIGN 58
4.8 GENERATOR MARKET, BY POWER RATING 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 60
5.2.1 DRIVERS 60
5.2.1.1 Increasing demand for uninterrupted and reliable power supply 60
5.2.1.2 Rapid industrialization 61
5.2.1.3 Rising adoption of DERMS 62
5.2.1.4 Increasing power outages 62
5.2.1.5 Integration of renewable energy sources 63
5.2.2 RESTRAINTS 63
5.2.2.1 High operational costs associated with diesel generators 63
5.2.2.2 High capital expenditure related to hydrogen energy storage 64
5.2.2.3 Rise in investments in upgrading T&D infrastructure worldwide 65
5.2.3 OPPORTUNITIES 66
5.2.3.1 Rising adoption of fuel cell generators 66
5.2.3.2 Growing demand for hybrid generators, bi-fuel generators, and inverters 67
5.2.3.3 Government-led initiatives to promote, distribute, and utilize hydrogen 68
5.2.3.4 Emphasis on generating clean power solutions 69
5.2.4 CHALLENGES 70
5.2.4.1 Imposition of strict emission standards 70
5.2.4.2 Long start-up times of solid oxide fuel cells 70
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 70
 
5.4 PRICING ANALYSIS 71
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY POWER RATING 71
5.4.2 AVERAGE SELLING PRICE TREND OF GENERATORS, BY REGION 72
5.5 VALUE CHAIN ANALYSIS 72
5.6 ECOSYSTEM ANALYSIS 74
5.7 INVESTMENT AND FUNDING SCENARIO 75
5.8 TECHNOLOGY ANALYSIS 76
5.8.1 KEY TECHNOLOGIES 76
5.8.1.1 IoT 76
5.8.2 ADJACENT TECHNOLOGIES 76
5.8.2.1 Hybrid generator systems 76
5.8.2.2 Thermal energy storage 76
5.9 PATENT ANALYSIS 76
5.10 TRADE ANALYSIS 79
5.10.1 HS CODE 850161 79
5.10.1.1 Export data 79
5.10.1.2 Import data 80
5.10.2 HS CODE 850162 82
5.10.2.1 Export data 82
5.10.2.2 Import data 83
5.10.3 HS CODE 850163 84
5.10.3.1 Export data 84
5.10.3.2 Import data 86
5.10.4 HS CODE 850164 87
5.10.4.1 Export data 87
5.10.4.2 Import data 88
5.11 KEY CONFERENCES AND EVENTS, 2024–2025 90
5.12 CASE STUDY ANALYSIS 90
5.12.1 GENERATOR COMPANY DESIGNED TAILOR STANDBY GENERATOR PACKAGE THAT ENSURED SEAMLESS POWER TRANSITION DURING OUTAGES 90
5.12.2 TGC DESIGNED AND INSTALLED POWER BACKUP SYSTEM USING ADVANCED GENERATOR TECHNOLOGY THAT ENSURED CONSISTENT AND RELIABLE EMERGENCY POWER 91
5.12.3 DTGEN UTILIZED SPECIALIZED EQUIPMENT THAT BOOSTED POWER INFRASTRUCTURE IN QUEEN ELIZABETH UNIVERSITY HOSPITAL 91
5.12.4 PERENNIAL BRITE GLOBAL PROVIDED HIGH-CAPACITY DIESEL GENERATOR RENTAL SERVICE THAT ENABLED RAPID DEPLOYMENT TO ADDRESS URGENT POWER NEEDS 91
5.13 TARIFF AND REGULATORY LANDSCAPE 92
5.13.1 MFN TARIFFS RELATED TO GENERATORS 92
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
5.13.3 GENERATOR MARKET: STANDARDS 98
 
5.14 PORTER’S FIVE FORCES ANALYSIS 101
5.14.1 BARGAINING POWER OF SUPPLIERS 102
5.14.2 BARGAINING POWER OF BUYERS 102
5.14.3 THREAT OF NEW ENTRANTS 102
5.14.4 THREAT OF SUBSTITUTES 103
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 103
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 103
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 103
5.15.2 BUYING CRITERIA 104
5.16 IMPACT OF AI/GENERATIVE AI ON GENERATOR MARKET 104
5.16.1 AI/GENERATIVE AI APPLICATIONS IN GENERATOR MARKET 104
5.16.2 IMPACT OF AI/GENERATIVE AI, BY END USER AND REGION 105
5.16.3 IMPACT OF AI/GENERATIVE AI IN GENERATOR MARKET, BY REGION 106
5.17 GLOBAL MACROECONOMIC OUTLOOK 106
5.17.1 INTRODUCTION 106
5.17.2 GDP TRENDS AND FORECAST 106
5.17.3 INFLATION 107
5.17.4 MANUFACTURING VALUE ADDED 108
6 GENERATOR MARKET, BY FUEL TYPE 109
6.1 INTRODUCTION 110
6.2 DIESEL 111
6.2.1 SUITABILITY FOR CONSTRUCTION AND MINING OPERATIONS TO DRIVE MARKET 111
6.3 GAS 113
6.3.1 LOW COST AND REDUCED ENVIRONMENTAL IMPACT TO FOSTER MARKET GROWTH 113
6.4 LPG 114
6.4.1 INCREASING DEMAND FOR CLEAN ENERGY TO FOSTER MARKET GROWTH 114
6.5 BIOFUELS 115
6.5.1 LOW CARBON EMISSION TO BOOST DEMAND 115
6.6 COAL GAS 117
6.6.1 EXPANDING INDUSTRIAL SECTOR TO ACCELERATE DEMAND 117
6.7 GASOLINE 118
6.7.1 RISING DEMAND FOR PORTABLE POWER SOURCES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 118
6.8 PRODUCER GAS 119
6.8.1 REDUCED GREENHOUSE GAS EMISSIONS TO DRIVE MARKET 119
6.9 FUEL CELLS 120
6.9.1 RISING EMPHASIS ON SUSTAINABLE POWER GENERATION TO FOSTER MARKET GROWTH 120
 
7 GENERATOR MARKET, BY POWER RATING 122
7.1 INTRODUCTION 123
7.2 UP TO 50 KW 124
7.2.1 UP TO 10 KW 126
7.2.1.1 Increasing demand for lightweight and fuel-efficient generators to accelerate demand 126
7.2.2 11–20 KW 126
7.2.2.1 Growing demand for uninterrupted power supply to operate small machines and industrial tools to drive market 126
7.2.3 21–30 KW 127
7.2.3.1 Enhanced mobility in combat zones to boost demand 127
7.2.4 31–40 KW 127
7.2.4.1 Requirement for seamless business continuity and critical infrastructure support across industries to drive market 127
7.2.5 41–50 KW 128
7.2.5.1 Growing demand among healthcare and construction sectors to foster market growth 128
7.3 51–280 KW 128
7.3.1 INCREASING APPLICATION IN REMOTE CONSTRUCTION SITES AND INFRASTRUCTURE DEVELOPMENT PROJECTS TO ACCELERATE DEMAND 128
7.4 281–500 KW 129
7.4.1 RISING APPLICATION IN OIL & GAS AND MINING INDUSTRIES TO BOOST DEMAND 129
7.5 501–2,000 KW 130
7.5.1 GROWING INVESTMENTS IN CHEMICAL PROJECTS TO BOOST DEMAND 130
7.6 2,001–3,500 KW 131
7.6.1 INCREASING IMPLEMENTATION IN DATA CENTERS, HEALTHCARE, AND CRITICAL INFRASTRUCTURE TO DRIVE MARKET 131
7.7 ABOVE 3,500 KW 132
7.7.1 GROWING DEMAND FOR UNINTERRUPTED POWER SUPPLY IN MARINE SECTOR TO FOSTER MARKET GROWTH 132
8 GENERATOR MARKET, BY SALES CHANNEL 134
8.1 INTRODUCTION 135
8.2 DIRECT 135
8.2.1 RISING FOCUS ON COST SAVING TO FUEL MARKET GROWTH 135
8.3 INDIRECT 136
8.3.1 ABILITY TO EXPAND CUSTOMER BASE TO BOOST DEMAND 136
 
9 GENERATOR MARKET, BY DESIGN 138
9.1 INTRODUCTION 139
9.2 STATIONARY 140
9.2.1 GROWING DEMAND FOR UNINTERRUPTED OPERATIONS TO FOSTER SEGMENTAL GROWTH 140
9.3 PORTABLE 141
9.3.1 INCREASING DEMAND FOR EMERGENCY BACKUP POWER SOURCES TO FUEL MARKET GROWTH 141
10 GENERATOR MARKET, BY APPLICATION 142
10.1 INTRODUCTION 143
10.2 STANDBY 144
10.2.1 INCREASING NEED FOR EMERGENCY POWER DURING BLACKOUTS AND BROWNOUTS TO BOOST DEMAND 144
10.3 PRIME & CONTINUOUS 145
10.3.1 GROWING IMPLEMENTATION IN REMOTE BUILDING SITES AND OFF-GRID LOCATIONS TO ACCELERATE DEMAND 145
10.4 PEAK SHAVING 146
10.4.1 REDUCED ELECTRICITY EXPENSES TO DRIVE MARKET 146
11 GENERATOR MARKET, BY END USER 148
11.1 INTRODUCTION 149
11.2 INDUSTRIAL 150
11.3 UTILITIES/POWER GENERATION 152
11.3.1 SURGING NEED FOR UNINTERRUPTED POWER SUPPLY TO FUEL MARKET GROWTH 152
11.3.2 OIL & GAS 153
11.3.2.1 Rising investments in power generation infrastructure to accelerate demand 153
11.3.3 CHEMICALS & PETROCHEMICALS 155
11.3.3.1 Increasing investments in downstream oil & gas and petrochemical industries to foster market growth 155
11.3.4 MINING & METALS 156
11.3.4.1 Adaptability to remote mining areas in harsh conditions to boost demand 156
11.3.5 MANUFACTURING 157
11.3.5.1 Increasing demand for reliable power during grid instability to drive market 157
11.3.6 MARINE 158
11.3.6.1 Ability to optimize space within vessels to foster segmental growth 158
11.3.7 CONSTRUCTION 159
11.3.7.1 Rising emphasis on providing power at remote construction sites to drive market 159
11.3.8 OTHER INDUSTRIAL END USERS 160
 
11.4 RESIDENTIAL 162
11.4.1 GROWING NEED FOR POWER BACKUPS IN EXTREME WEATHER CONDITIONS TO ACCELERATE DEMAND 162
11.5 COMMERCIAL 163
11.5.1 HEALTHCARE 165
11.5.1.1 Increasing need to comply with building codes and safety standards to offer lucrative growth opportunities 165
11.5.2 IT & TELECOMMUNICATIONS 167
11.5.2.1 Widespread adoption of smartphones to foster market growth 167
11.5.3 DATA CENTERS 168
11.5.3.1 Growing adoption of clean energy solutions in data centers to boost demand 168
11.5.4 OTHER COMMERCIAL END USERS 169
12 GENERATOR MARKET, BY REGION 171
12.1 INTRODUCTION 172
12.2 NORTH AMERICA 174
12.2.1 US 181
12.2.1.1 Increasing occurrence of weather-related incidents to boost demand 181
12.2.2 CANADA 183
12.2.2.1 Advancements in fuel cell and renewable power generation sectors to foster market growth 183
12.2.3 MEXICO 186
12.2.3.1 Rising urban population to drive market 186
12.3 EUROPE 187
12.3.1 GERMANY 194
12.3.1.1 Transition to hydrogen-powered backup systems to fuel market growth 194
12.3.2 RUSSIA 196
12.3.2.1 Increase in crude oil exports to foster market growth 196
12.3.3 FRANCE 198
12.3.3.1 Increased investments in green industry to accelerate demand 198
12.3.4 UK 200
12.3.4.1 Advent of Industry 4.0 to offer lucrative growth opportunities 200
12.3.5 REST OF EUROPE 202
12.4 ASIA PACIFIC 205
12.4.1 CHINA 212
12.4.1.1 Rapid shift from rural to urban areas to boost demand 212
12.4.2 INDIA 215
12.4.2.1 Rising emphasis on developing clean energy sectors to drive market 215
12.4.3 JAPAN 217
12.4.3.1 Expansion of gas infrastructure to foster market growth 217
 
12.4.4 AUSTRALIA 219
12.4.4.1 Government-led initiatives to boost solar manufacturing to accelerate demand 219
12.4.5 SOUTH KOREA 222
12.4.5.1 Growing demand for energy-efficient and LNG-powered vessels to drive market 222
12.4.6 NEW ZEALAND 224
12.4.6.1 Increasing emphasis on achieving net-zero goals to foster market growth 224
12.4.7 INDONESIA 226
12.4.7.1 Rising emphasis on generating clean and emission-free electricity to offer lucrative growth opportunities 226
12.4.8 REST OF ASIA PACIFIC 228
12.5 MIDDLE EAST & AFRICA 231
12.5.1 GCC 238
12.5.1.1 Saudi Arabia 238
12.5.1.1.1 Growing number of infrastructure projects to fuel market growth 238
12.5.1.2 UAE 241
12.5.1.2.1 Increasing foreign investments in renewable energy sector to boost demand 241
12.5.1.3 Rest of GCC 243
12.5.2 SOUTH AFRICA 246
12.5.2.1 Rising need to address power outages to fuel market growth 246
12.5.3 NIGERIA 248
12.5.3.1 Increasing demand for uninterrupted power supply to foster market growth 248
12.5.4 ALGERIA 250
12.5.4.1 Growing investments in oil & gas sector to drive market 250
12.5.5 REST OF MIDDLE EAST & AFRICA 252
12.6 SOUTH AMERICA 255
12.6.1 BRAZIL 261
12.6.1.1 Emphasis on net-zero emissions to boost demand 261
12.6.2 ARGENTINA 263
12.6.2.1 Rising number of power outages to drive market 263
12.6.3 REST OF SOUTH AMERICA 265
13 COMPETITIVE LANDSCAPE 269
13.1 INTRODUCTION 269
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 269
13.3 REVENUE ANALYSIS, 2019–2023 270
13.4 MARKET SHARE ANALYSIS, 2023 271
13.5 COMPANY VALUATION AND FINANCIAL METRICS 273
13.6 BRAND/PRODUCT COMPARISON 274
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 275
13.7.1 STARS 275
13.7.2 EMERGING LEADERS 275
13.7.3 PERVASIVE PLAYERS 275
13.7.4 PARTICIPANTS 275
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 277
13.7.5.1 Company footprint 277
13.7.5.2 Region footprint 278
13.7.5.3 Application footprint 279
13.7.5.4 Fuel type footprint 280
13.7.5.5 End user footprint 281
13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 282
13.8.1 PROGRESSIVE COMPANIES 282
13.8.2 RESPONSIVE COMPANIES 282
13.8.3 DYNAMIC COMPANIES 282
13.8.4 STARTING BLOCKS 282
13.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 283
13.8.5.1 Detailed list of key startups/SMEs 283
13.8.5.2 Competitive benchmarking of key startups/SMEs 284
13.9 COMPETITIVE SCENARIO 284
13.9.1 PRODUCT LAUNCHES 284
13.9.2 DEALS 290
13.9.3 EXPANSIONS 291
13.9.4 OTHER DEVELOPMENTS 292
14 COMPANY PROFILES 296
14.1 KEY PLAYERS 296
14.1.1 CATERPILLAR 296
14.1.1.1 Business overview 296
14.1.1.2 Products/Solutions/Services offered 297
14.1.1.3 Recent developments 300
14.1.1.3.1 Product launches 300
14.1.1.3.2 Deals 301
14.1.1.3.3 Other developments 302
14.1.1.4 MnM view 302
14.1.1.4.1 Key strengths/Right to win 302
14.1.1.4.2 Strategic choices 302
14.1.1.4.3 Weaknesses/Competitive threats 302
 
14.1.2 CUMMINS INC. 303
14.1.2.1 Business overview 303
14.1.2.2 Products/Solutions/Services offered 304
14.1.2.3 Recent developments 307
14.1.2.3.1 Product launches 307
14.1.2.3.2 Deals 308
14.1.2.3.3 Other developments 310
14.1.2.4 MnM view 310
14.1.2.4.1 Key strengths/Right to win 310
14.1.2.4.2 Strategic choices 310
14.1.2.4.3 Weaknesses/Competitive threats 310
14.1.3 MITSUBISHI HEAVY INDUSTRIES, LTD. 311
14.1.3.1 Business overview 311
14.1.3.2 Products/Solutions/Services offered 312
14.1.3.3 Recent developments 313
14.1.3.3.1 Product launches 313
14.1.3.3.2 Deals 314
14.1.3.4 MnM view 314
14.1.3.4.1 Key strengths/Right to win 314
14.1.3.4.2 Strategic choices 314
14.1.3.4.3 Weaknesses/Competitive threats 314
14.1.4 ROLLS-ROYCE PLC 315
14.1.4.1 Business overview 315
14.1.4.2 Products/Solutions/Services offered 316
14.1.4.3 Recent developments 318
14.1.4.3.1 Product launches 318
14.1.4.3.2 Deals 318
14.1.4.3.3 Other developments 320
14.1.4.4 MnM view 320
14.1.4.4.1 Key strengths/Right to win 320
14.1.4.4.2 Strategic choices 320
14.1.4.4.3 Weaknesses/Competitive threats 320
14.1.5 GENERAC POWER SYSTEMS, INC. 321
14.1.5.1 Business overview 321
14.1.5.2 Products/Solutions/Services offered 322
14.1.5.3 Recent developments 324
14.1.5.3.1 Product launches 324
14.1.5.3.2 Deals 325
14.1.5.3.3 Expansions 325
14.1.5.3.4 Other developments 325
 
14.1.5.4 MnM view 326
14.1.5.4.1 Key strengths/Right to win 326
14.1.5.4.2 Strategic choices 326
14.1.5.4.3 Weaknesses/Competitive threats 326
14.1.6 WÄRTSILÄ 327
14.1.6.1 Business overview 327
14.1.6.2 Products/Solutions/Services offered 328
14.1.6.3 Recent developments 329
14.1.6.3.1 Deals 329
14.1.6.3.2 Other developments 329
14.1.7 WACKER NEUSON SE 330
14.1.7.1 Business overview 330
14.1.7.2 Products/Solutions/Services offered 331
14.1.7.3 Recent developments 332
14.1.7.3.1 Product launches 332
14.1.8 SIEMENS ENERGY 333
14.1.8.1 Business overview 333
14.1.8.2 Products/Solutions/Services offered 334
14.1.8.3 Recent developments 335
14.1.8.3.1 Deals 335
14.1.9 MAN ENERGY SOLUTIONS 336
14.1.9.1 Business overview 336
14.1.9.2 Products/Solutions/Services offered 336
14.1.10 BRIGGS & STRATTON 338
14.1.10.1 Business overview 338
14.1.10.2 Products/Solutions/Services offered 338
14.1.10.3 Recent developments 339
14.1.10.3.1 Product launches 339
14.1.11 ATLAS COPCO AB 340
14.1.11.1 Business overview 340
14.1.11.2 Products/Solutions/Services offered 341
14.1.11.3 Recent developments 342
14.1.11.3.1 Product launches 342
14.1.12 ABB 343
14.1.12.1 Business overview 343
14.1.12.2 Products/Solutions/Services offered 344
14.1.13 KIRLOSKAR 345
14.1.13.1 Business overview 345
14.1.13.2 Products/Solutions/Services offered 346
14.1.13.3 Recent developments 348
14.1.13.3.1 Product launches 348
 
14.1.14 YANMAR HOLDINGS CO., LTD. 349
14.1.14.1 Business overview 349
14.1.14.2 Products/Solutions/Services offered 349
14.1.14.3 Recent developments 351
14.1.14.3.1 Product launches 351
14.1.14.3.2 Other developments 351
14.1.15 WEICHAI HOLDING GROUP CO., LTD. 352
14.1.15.1 Business overview 352
14.1.15.2 Products/Solutions/Services offered 353
14.2 OTHER PLAYERS 355
14.2.1 GREAVES COTTON LIMITED 355
14.2.2 AKSA POWER GENERATION 356
14.2.3 HONDA INDIA POWER PRODUCTS LTD. 357
14.2.4 DOOSAN BOBCAT 357
14.2.5 MULTIQUIP INC. 358
14.2.6 TAYLOR POWER SYSTEMS, INC 358
14.2.7 AB VOLVO PENTA 359
14.2.8 SHANGHAI DIESEL ENGINE CO., LTD. 359
14.2.9 DEERE & COMPANY 360
14.2.10 DENYO CO., LTD. 361
15 APPENDIX 362
15.1 INSIGHTS FROM INDUSTRY EXPERTS 362
15.2 DISCUSSION GUIDE 363
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 367
15.4 CUSTOMIZATION OPTIONS 369
15.5 RELATED REPORTS 369
15.6 AUTHOR DETAILS 370