Europe Generator Sales Market

Europe Generator Sales Market Size (2024-2029):

The europe generator sales market is estimated to be USD 7.34 billion in 2024 and is projected to reach USD 9.45 billion by 2029, at a CAGR of 5.19% from 2024 to 2029.

The generator is a boom for the end-user industries as they can improve their productivity without having breakouts in the power supply. Also, vehicles to run some equipment like lights and others require power which is satisfied with the help of generators.

Market Drivers

Increasing the population and their demand for transportation is the key driving factor for the European market to grow. Rise in the disposable income in urbanized areas is also propelling the growth of the market.

Market Restraints

However, the availability of alternate resources is slightly hampering the demand of the market. The high initial cost for the equipment remained a challenging factor for the market.

Market Opportunities

Growing prevalence to improve performance by increasing productivity in every end-user industry is merely to surge growth opportunities for the regional market. Increasing the constructional activities of healthcare centers and their demand for the installation of new equipment including for standby power supply is accelerating the growth of the market further.

Market Segmentation

Europe Generator Sales Market Analysis By Application

• Standby
• Peak Shaving
• Continuous

Based on application, the Standby type is leading with significant shares of the market. Rising demand for the backup storage of power to maintain constant workflow is lavishing the demand of the market.

Europe Generator Sales Market Analysis By End-user

• Residential
• Commercial
• Industrial

On the basis of end-users, Residential end users have had the highest growth rate in recent years and are to continue to have the same flow in the coming years. An increasing number of constructional activities of smart home buildings across the region is promoting the market's growth.

Geographical Analysis

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Geographically, Europe will witness prominent shares of the market by owing to the quick adoption of the latest technology. Increasing support from the government through investments is another factor influencing the demand of the market towards positive. Additionally, a rise in the capital income in most of the countries is boosting up the growth of the market. Availability of resources easily for operating the generators is also eventually bolstering the growth of the market.

Market Key Players

Cummins Inc., Caterpillar Inc., Generac Holdings Inc., Himoinsa S.L., AKSA Power Generation, KOEL Green, Atlas Copco AB, Aggreko PLC, Kohler Co., Briggs & Stratton Corporation, Yamaha Motor Corporation, Greaves Cotton Limited, AGCO Corporation, APR Energy, and Multiquip Inc., and Others.