Originally Published on: SpendEdge |Top 5 Market Leaders Involved in the Manufacturing of Generators
While the limelight often shines on energy sources like steam turbines and wind turbines in electricity generation, generators work quietly, serving a transformative role by converting mechanical energy into electromagnetic energy. From gas turbines to steam turbines and water turbines, generators stand as indispensable assets, ensuring continuity during power outages and proving pivotal for diverse business operations.
Insights into the Dynamic Landscape of the Global Generators Market
Recent revelations from SpendEdge's market intelligence report cast the Asia-Pacific (APAC) region as a powerhouse in the global generators market, foreseeing a robust growth rate of 4%-7% by 2022. This report illuminates how generator manufacturers strategically position themselves, capitalizing on demographic and economic shifts in countries such as China and India to fortify their market share.
Unveiling the Key Players in the Generator Arena
Caterpillar:
- Overview: A leading American multinational, Caterpillar excels in designing, developing, and manufacturing construction equipment, engines, and generators.
- Product Range: Diverse offerings encompass diesel generators, gas generators, mobile generators, switchgear, ATS ATC breaker, contractor, microgrid, and continuous power modules.
- Innovation: Introduced the portable inverter generator, Cat INV2000, in December 2017.
Cummins:
- Overview: A Fortune 500 corporation, Cummins specializes in designing and manufacturing engines, turbochargers, fuel systems, controls systems, air handling systems, and electric power generation systems.
- Global Presence: Sells products in around 190 countries and territories, boasting an extensive network of distributors and dealers.
- Financials: Reported revenues of $17.5 billion in 2016 with a substantial employee base of 55,400 people.
Kohler:
- Overview: Kohler, a prominent American manufacturing company, is renowned for producing plumbing fixtures, tile, furniture, cabinetry, engines, and generators.
- Product Line: Encompasses home generators, small business generators, industrial generators, and portable generators.
- Innovation: The 30RCL 30w generator stands out for its rapid power restoration within 10 seconds and quiet operation.
Generac:
- Overview: A leading provider of backup power solutions, Generac caters to light commercial, residential, and industrial markets.
- Product Range: Offers standby power, backup generators, portable generators, and maintenance services.
- Diversity: Product portfolio includes diesel generators, gaseous generators, bi-fuel generators, and transfer switches and controllers.
Atlas Copco:
- Overview: A Swedish industrial giant, Atlas Copco is a key player in industrial tools, equipment, generators, pumps, compressors, and light towers.
- Global Manufacturing: Operates around 100 production sites across 20 countries.
- Strategic Moves: Acquired the operating assets of C.H. Spencer Company, a US industrial products distributor, in September 2017.
This comprehensive exploration provides valuable insights into the market leaders, their product spectrum, and their strategic positioning in the dynamic global generators market.
