Europe Large Generator Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Fuel Type (Diesel, Natural Gas, Hydrogen, and Dual) and Industry [Oil & Gas, IT & Telecom, Power & Utilities, and Others)
The Europe large generator market is expected to grow from US$ 1,284.94 million in 2022 to US$ 2,048.62 million by 2028. It is estimated to grow at a CAGR of 8.1% from 2022 to 2028.
Rising Demand for Uninterrupted Power Supply in Europe Large Generator Market
In recent years, there has been a drastic increase in the demand for power. The lack of reliable power grid infrastructure needs for emergency power backup solutions, and requirement for a steady power supply have increased the demand for large generators in various industries. The need for an uninterrupted power supply has increased in the mining industry. Many heavy-duty equipment is used in mining operations, such as excavating machinery, conveyor belts, drillers, and cranes, which require a continuous power supply even in harsh environments. Similarly, in oil & gas and petrochemical industries, highly reliable electrical power is needed to protect people, assets, the environment, and the continuity of sensitive operations. Also, various activities are carried out in the oil & gas fields, including drilling, pumping, and loading, which require an uninterrupted power supply for continuous operation and safety purposes. Moreover, on oil rigs, an uninterruptible power supply is mandatory to ensure that signal lighting is always operational. Thus, the rising demand for an uninterruptible power supply in oil & gas and petrochemical industries is fueling the growth of the large generator market. Furthermore, for the high volume production of different goods, there is a need for an uninterruptible power supply in the manufacturing industry. A slight power disruption at a manufacturing plant can not only lead to low-volume production but also affect the quality of the production. This has raised the demand for large generators at manufacturing plants. In addition, the data center boom is further boosting the demand for an uninterruptible power supply. The data center market is rapidly growing due to the digital revolution and the 5G rollout. The growing data center industry will increase the demand for uninterrupted power, fueling the market growth.
Europe Large Generator Market Overview
The large generator market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Growing industrial sectors and aging power grid infrastructure are expected to boost the market growth in the region during the forecast period. The aging grid infrastructure increases the risk of power outages due to various reasons, such as natural disasters. According to a report from Eurelectric, about one-third of the Europe distribution network has been in use for more than 40 years, and it is estimated that by 2030, half of all distribution networks will exceed the 40-year threshold. Further, Eurelectric states that electricity distribution grids in Europe will need investments between US$ 397.89 billion (EUR 375 billion) and US$ 450.94 billion (EUR 425 billion) until 2030 to modernize the aging infrastructure and expand the network to connect more renewables. The aging power infrastructure increasingly relies on large generators to tackle the risk of power outages, bolstering the growth of the large generator market in Europe.
Europe Large Generator market Revenue and Forecast to 2028 (US$ Million)
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Europe Large Generator Market Segmentation
The Europe large generator market is segmented on the basis of fuel type, industry, and country. On the basis of fuel type, the Europe large generator market is segmented into diesel, natural gas, hydrogen, and dual. The diesel segment registered a larger market share in 2022.
Based on industry, the Europe large generator market is further segmented into oil & gas, IT & telecom, power & utility, and others. The IT & telecom segment registered a larger market share in 2022.
Based on country, the Europe large generator market is segmented into France, Germany, UK, Italy, Russia, and the Rest of Europe. Germany dominated the market share in 2022.
ABB Ltd, Atlas Copco AB, Caterpillar Inc, Cummins Inc, INNIO Jenbacher GmbH & Co OG, Kohler Co, Mitsubishi Heavy Industries Ltd, Siemens AG, and Yanmar Holdings Co Ltd are the leading companies operating in the Europe large generator market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Large Generator Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.2.1 Europe: PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Large Generator Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Uninterrupted Power Supply
5.1.2 Increasing Adoption for Distributed Power Generation
5.2 Market Restraints
5.2.1 Growing Adoption of Renewable Energy Sources and Energy Storage Technologies
5.3 Market Opportunities
5.3.1 Increasing Requirement for Hybrid, Bi-Fuel, or Dual Fuel Generators
5.4 Future Trends
5.4.1 Development of Smart Solutions for Generators
5.5 Impact Analysis of Drivers and Restraints
6. Large Generator Market – Europe Market Analysis
6.1 Europe Large Generator Market Overview
6.2 Europe Large Generator Market Forecast and Analysis
7. Europe Large Generator Market – by Fuel Type
7.1 Overview
7.2 Europe Large Generator Market, by Fuel Type (2021 and 2028)
7.3 Diesel
7.3.1 Overview
7.3.2 Diesel: Large generator Market Revenue and Forecast To 2028 (US$ Million)
7.4 Natural Gas
7.4.1 Overview
7.4.2 Natural Gas: Large generator Market Revenue and Forecast To 2028 (US$ Million)
7.5 Hydrogen
7.5.1 Overview
7.5.2 Hydrogen: Large generator Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Dual
7.6.1 Dual: Large generator Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Large Generator Market - by Industry
8.1 Overview
8.2 Europe Large Generator Market, by Industry (2021 and 2028)
8.3 Oil & Gas
8.3.1 Overview
8.3.2 Oil & Gas: Large generator Market – Revenue and Forecast to 2028 (US$ Million)
8.4 IT & Telecom
8.4.1 Overview
8.4.2 IT & Telecom: Large generator Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Power & Utilities
8.5.1 Overview
8.5.2 Power & Utilities: Large generator Market – Revenue and Forecast to 2028 (US$ Million)
8.5.2.1 Europe Large Generator Market, by Power & Utilities – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Others: Large generator Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Large Generator Market – Country Analysis
9.1 Overview
9.1.1 Europe: Large Generator Market, by Key Country
9.1.1.1 Germany: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Large Generator Market, By Fuel Type
9.1.1.1.2 Germany: Large Generator Market, By Industry
9.1.1.1.2.1 Germany: Large Generator Market, By Power & Utilities
9.1.1.2 France: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Large Generator Market, By Fuel Type
9.1.1.2.2 France: Large Generator Market, By Industry
9.1.1.2.2.1 France: Large Generator Market, By Power & Utilities
9.1.1.3 Italy: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Large Generator Market, By Fuel Type
9.1.1.3.2 Italy: Large Generator Market, By Industry
9.1.1.3.2.1 Italy: Large Generator Market, By Power & Utilities
9.1.1.4 UK: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Large Generator Market, By Fuel Type
9.1.1.4.2 UK: Large Generator Market, By Industry
9.1.1.4.2.1 UK: Large Generator Market, By Power & Utilities
9.1.1.5 Russia: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Large Generator Market, By Fuel Type
9.1.1.5.2 Russia: Large Generator Market, By Industry
9.1.1.5.2.1 Russia: Large Generator Market, By Power & Utilities
9.1.1.6 Rest of Europe: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Large Generator Market, By Fuel Type
9.1.1.6.2 Rest of Europe: Large Generator Market, By Industry
9.1.1.6.2.1 Rest of Europe: Large Generator Market, By Power & Utilities
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 Siemens AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ABB Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Atlas Copco AB
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Caterpillar Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Cummins Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Yanmar Holdings Co Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Kohler Co
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Mitsubishi Heavy Industries Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 INNIO Jenbacher GmbH & Co OG
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Europe Large Generator Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Europe Large Generator Market, by Power & Utilities – Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe: Large Generator Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Large Generator Market, By Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Large Generator Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Large Generator Market, By Power & Utilities – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Large Generator Market, By Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Large Generator Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Large Generator Market, By Power & Utilities – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Large Generator Market, By Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Large Generator Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Large Generator Market, By Power & Utilities – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Large Generator Market, By Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Large Generator Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Large Generator Market, By Power & Utilities – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Large Generator Market, By Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Large Generator Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: Large Generator Market, By Power & Utilities – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Large Generator Market, By Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Large Generator Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: Large Generator Market, By Power & Utilities – Revenue and Forecast to 2028 (US$ Million)
Table 22. Glossary of Terms, Europe Large generator Market
LIST OF FIGURES
Figure 1. Europe Large Generator Market Segmentation
Figure 2. Europe Large Generator Market Segmentation – by Country
Figure 3. Europe Large Generator Market Overview
Figure 4. Europe Large Generator Market, by Fuel type
Figure 5. Europe Large Generator Market, by Country
Figure 6. Large Generator Market Ecosystem Analysis
Figure 7. Expert Opinion
Figure 8. Europe Large Generator Market: Impact Analysis of Drivers and Restraints
Figure 9. Europe Large Generator Market, Forecast and Analysis (US$ Mn)
Figure 10. Europe Large Generator Market, by Fuel Type (2021 and 2028)
Figure 11. Diesel: Europe Large generator Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Natural Gas: Europe Large generator Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Hydrogen: Europe Large generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Dual: Europe Large generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Large Generator Market, by Industry (2021 and 2028)
Figure 16. Oil & Gas: Europe Large generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. IT & Telecom: Europe Large generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Power & Utilities: Europe Large generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Europe Large generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Large Generator Market, by Key Country – Revenue (2021) (US$ Million)
Figure 21. Europe: Large Generator Market Revenue Share, by Key Country (2021 & 2028)
Figure 22. Germany: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. France: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: Large Generator Market – Revenue and Forecast to 2028 (US$ Million)
- ABB Ltd
- Atlas Copco AB
- Caterpillar Inc
- Cummins Inc
- INNIO Jenbacher GmbH & Co OG
- Kohler Co
- Mitsubishi Heavy Industries Ltd
- Siemens AG
- Yanmar Holdings Co Ltd