SKU: DMEP5176 | Published On: Jan 24 2023 | Available Formats
The global silent generator market is estimated to reach at high CAGR of 6.2% during the forecast period (2022-2029).
Metrics |
Details |
Market CAGR |
6.2% |
Segments Covered |
By Type, By Sound Level, By Phase, Power Rating, By Application, By End-User, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Generators, particularly diesel generators, can be excessively loud, causing hearing damage to individuals who must operate near them and annoying those who work or live nearby. Silent generators, which run inside a soundproof container or generator enclosure, were developed to address this issue. Composite materials, made from layers of hard material that reflect sound into the container, are used in the generator enclosure of silent diesel generators. Soft, porous materials are also used, which collect sound energy and convert it to heat. Since particular materials absorb different frequencies of sound more effectively than others, most quiet generators employ many layers of different materials. Soft, porous materials that capture sound energy and convert it to heat are also used to make silent generators.
Source: DataM Intelligence Analysis (2022)
The growing popularity of distributed electricity generation is a significant driver in the evolution of the respective market. Nonetheless, inflexible regulations associated with silent generators are a major market restraint.
The growing popularity of distributed electricity generation
The use of distributed power generation technologies is increasingly resulting in a decentralized energy system in which silent generators help meet local power demands or requirements via the network. Power quality difficulties, planned rolling blackouts, unanticipated utility power outages, and growing power bills are all driving up demand for distributed energy resources. Silent gas generators are more efficient and have a more stable generating capacity than other dispersed power generation technologies, making them ideal for on-site generation and backup power. As a result, as distributed power generation expands, the market and demand for silent generators also broaden. Therefore, the growing popularity of distributed electricity generation could be a major market driver for the respective market.
Inflexible regulations associated with silent generators
Various legislative frameworks and targets have been created by prominent organizations worldwide to promote green technology adoption and reduce reliance on fossil fuels. Countries are establishing ambitious green energy goals and spending heavily on renewable energy sources, which might hinder the diesel generator business. Enacting strict restrictions to limit the discharge of harmful compounds is a barrier to product adoption.
Additionally, generator manufacturers have new requirements to gain approvals and reduce noise pollution. As per the aforementioned rules, manufacturers should also offer an acoustic enclosure with a certain standard to eliminate noise from diesel generator components. Since the respective regulations increase the manufacturing cost and thereby the end product price, which would inevitably reduce the product demand, the stringent and inflexible regulations associated with silent generators significantly restrict the market's emerging and local businesses.
The quiet generator industry has stalled because countries were required to impose lockdowns during the first half of 2020 due to COVID-19. Governments and municipal governments established strict restrictions and all non-essential activities were halted. Because end-user operations were suspended, this hurt the silent generators market. COVID-19 has had a ruinous impact on the power industry's growth, which has had a cascading effect on the industrial sector, lowering demand for silent generators.
Due to the global closure and challenges along the supply chain, the spread of COVID-19 is anticipated to hurt generator makers. The cost of obtaining raw materials is also likely to rise due to the supply deficit, resulting in delays in order fulfillment. However, the market is expected to return to its former glory once the end-user segments become fully functional.
The global silent generator market is classified based on type, sound level, phase, power rating, application, end-user, and region.
The demand for continuous and constant power in the industrial sector allows it to dominate the end-user segment
In the silent generator market, the industrial sector held the highest share. During power outages (to reduce production risks) and in areas where grid access is limited, industrial operations rely primarily on electricity generated by diesel generators.
The industrial sector, which encompasses mining, manufacturing, agriculture, and construction, consumes the most energy of all end users. Many businesses, such as buildings, rely on a consistent electricity supply. Backup generators have a significant user base in these industries. Further, since all these end-user segments are closed spaces, the tendency of silent generators to produce a negligible sound is widely accepted and appreciated.
As a result, demand for silent generators is expected to increase as these industries' demands for continuous and constant power supply expand, notably in healthcare, pharmaceutical, and manufacturing facilities. With the expansion of such industries worldwide, demand for backup generators is likely to rise even more during the forecast period.
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Source: DataM Intelligence Analysis (2022)
Growing uninterrupted power requirements in varied industrial sectors
Asia-Pacific dominates the global silent generator market and is projected to do the same again in the years ahead. Due to the widening power demand-supply gap, the expansion of manufacturing facilities across the country, increased infrastructure projects, and rising commercial office spaces, China is the leading Silent generator market in Asia-Pacific. The affordability and effectiveness of silent generators benefit the country and rising living standards drive the demand for power backup systems.
Furthermore, India's silent generator market is driven by rapid growth in different end-use sectors, including infrastructure, telecommunications, and information technology (IT). As a result of the factors discussed above, Asia-Pacific is likely to dominate the global silent generator market during the forecast period.
Source: DataM Intelligence Analysis (2022)
The global silent generator industry is quite active in terms of the number and scope of international and local producers. The market has been described as fragmented due to many manufacturers such as Cummins Inc, Rolls-Royce Holdings, Atlas Copco, Generac, Honda, Mahindra Powerol, Kirloskar Oil Engines Ltd, Greaves Cotton Limited, Yamaha, and Kubota. Mergers, acquisitions, product launches, investments, and collaborations are popular market strategies major market stakeholders employ to achieve competitive advantage and recognition in their respective sectors.
Honda
Overview: Honda focuses on manufacturing motorcycles, automobiles, and power products. The company was established in 1948 and is headquartered in Tokyo, Japan. The company currently owns 430 domestic and overseas affiliated companies in all the major countries in Europe, Asia-Pacific, North America, South America, the Middle East, and Africa. The company generated annual revenue of US$ 108 million and employed around 211,374 persons in 2021.
Product Portfolio:
Key Development:
The global silent generator market report would provide approximately 85 tables, 85 figures, and almost 200 pages.
What is the Projected CAGR value of the Silent Generator Market?
The Silent Generator Market is expected to grow at a high CAGR of 6.2% from 2022 to 2029.
Which region controlled the global market during 2022-2029?
North America region Controls the Silent Generator Market during 2022-2029.
Which is the fastest-growing region in the Silent Generator Market?
Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.
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