Global Silent Generator Market Reaching Nearly US$ 5.5 Bn by 2032 With A Robust CAGR of 6.2%: FMI
Silent Generator Market to Register A CAGR of 6.2%; Asia Pacific to Remain a Dominant Region
DUBAI, United Arab Emirates, March 15, 2022 (GLOBE NEWSWIRE) — The manufacturing sector’s development is driving demand for silent generators, as the sector’s outdated transmission and distribution infrastructure can’t keep up with its demands for consistent and dependable electricity.
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.
| Attributes | Details | |
| Silent Generator Market CAGR (2022-2032) | 6.2% | |
| Silent Generator Market (2027) | US$ 4 Bn | |
| Silent Generator Market Attraction | Growing demand for off-grid energy solutions in commercial and residential buildings is predicted to grow the demand for silent generators. | |
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.
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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.
Enclosures for silent generators are meant to be soundproof and vibration-free. As a result, they are environmentally benign and excellent for use in residential settings.
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.
Aside from that, large sums of money have been invested in the construction of smart grids.
As a result, these T&D expansion initiatives are likely to stifle the silent generators market’s growth throughout the forecast period.
Increasingly, the implementation of distributed power production technologies results in a decentralised energy system in which silent generators assist in meeting local power demand or requirements via the network.
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.
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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.
As a result, silent gas generator manufacturers should expect profitable prospects as dispersed power production grows.
There are new requirements for generator makers in terms of gaining permits and noise pollution. The revised rules’ primary goal is to reduce air and noise pollution caused by DG sets.
Manufacturers should also offer an acoustic enclosure to reduce or eliminate noise caused by diesel generator components. This poses a significant challenge to the silent generators market’s developing and local businesses.
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.
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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.
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