The global silent generator market is anticipated to experience significant growth from 2023 to 2033. According to a report by Future Market Insights, the market is expected to be valued at USD 3,026 million in 2023 and is projected to reach USD 5,419.1 million by 2033, growing at a CAGR of 6.0% during the forecast period.
The manufacturing sector in the Asia Pacific has experienced an increase in demand for silent generators, and the silent generators market is likely to rise as a result of the requirement to avoid noise pollution.
Increased demand for portable silent generators has resulted from an increase in the number of power outages caused by ageing grid infrastructure and adverse weather events.
Power outages are driving up demand for power backup solutions as well as an uninterrupted and dependable power supply to meet emergency needs. To meet this requirement, the demand for low-noise generators is on the rise.
The demand for products and services is expanding as a result of increased urbanisation, moving the manufacturing sector forward. Moreover, numerous Asian governments have inked extra-regional trade agreements in order to establish themselves as global industrial centres.
During the projection period, the increased use of energy storage products and the development of renewable energy power generation technologies are projected to stifle demand for any silent fuel-based power generators, limiting regional silent generators market growth.
To establish smart grids and raise awareness about energy saving, a number of supportive regulations and requirements have been implemented across the world. These laws are propelling the smart grid industry forward in industries such as industrial, commercial, and residential applications.
Power quality issues, scheduled rolling blackouts, unplanned utility power outages, and rising power costs are all contributing to a rise in energy demand from distributed energy resources.
Silent gas generators have better efficiency and more stable generating capacity than other dispersed power generation technologies, giving them an advantage for on-site generation and backup power demands.
Key Takeaways:
- North America accounted for a 36.7% share of the silent generator market in 2020.
- Based on the fuel used in silent generator systems, the fastest-growing silent generator market is expected to be the diesel component.
- The quiet section is predicted to be the fastest-growing silent generator market based on the sound level of silent generating systems.
- During the projection period, the stationary segment is expected to have the largest silent generator market share.
- According to the phase of silent generator systems, the single-phase silent generator market is expected to develop at the quickest rate.
- By power rating, the Up to 25 kVA category is expected to have the largest silent generator market share over the projection period.
- By application, the standby and peak segment is expected to have the largest silent generator market share over the projection period.
- By application, the Residential sector is expected to have the largest silent generator market share over the projection period.
Competitive Landscape:
- Cummins Inc. (US) introduced the QG 2800i and 2500i RV inverter generators in January 2021, which are 60% quieter than previous models. Gasoline and liquid propane are used to power them. The Onan QG 2800i and 2500i are inverter-based generator sets with 2.8 and 2.5 kW, respectively, designed for Class B and truck campers.
- Rolls-Royce stated in November 2020 that it would invest up to USD 13.9 million in its Power Systems business unit to establish a new R&D building and expand its MTU power generating manufacturing plant in Mankato, Minnesota (US).
- Atlas Copco (Sweden) purchased Eco Steam and Heating Solutions (Netherlands), a manufacturer of industrial steam and water boilers, in May 2021. Within the Power Technique business sector, this company will be a member of the speciality retinal division.
- Generac (US) and Enchanted Rock (US), a microgrid supplier, signed a 5-year deal in September 2021. To grow the supply of microgrids, Generac will provide modern natural gas generators and control systems.
- Greaves Cotton Limited (India) released the ‘Greaves Genius (India)’ smart Genset in June 2020, which can also be utilised in silent generators. This smart generator is equipped with a high-speed data-transmitting smart gadget that allows for real-time operation tracking on a mobile phone.
Key Players in the Global Market
- Rolls-Royce Holdings
- Atlas COPCO
- Generac Power Systems
- Honda
- Mahindra Powerol
- Kirloskar Oil Engines Ltd. (KOEL)
- Multipurpose Inc.
- Greaves Cotton Ltd.
- Yanmar, Huu Toan Corporation
- Himoinsa
Market Segmentation
By Sound Level:
- Silent
- Super Silent
By Type:
- Portable
- Stationary
By Phase:
- Single Phase
- Three Phase
By Power Rating:
- Upto 25kVA
- 25kVA to 49kVA
- 50kVA to 99kVA
- 100kVA to 499kVA
- Above 500kVA
By Fuel:
- Diesel
- Natural Gas
- Others
By Application:
- Standby and Peak
- Prime Mover
By End User:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
Download a sample report: https://www.futuremarketinsights.com/reports/silent-generator-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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