HOME Top Market Reports Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous Power), Power Rating (<100 kVA, 100–350 kVA, 350–1,000 kVA, >1,000 kVA), End-User (Residential, Commercial, Industrial), and Region - Global forecast to 2023

Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous Power), Power Rating (<100 kVA, 100–350 kVA, 350–1,000 kVA, >1,000 kVA), End-User (Residential, Commercial, Industrial), and Region - Global forecast to 2023

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: EP 3131

 

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The global generator sales market was valued at USD 19.92 Billion in 2017 and is projected to reach USD 27.24 Billion by 2023, at a CAGR of 5.41%, during the forecast period.

The years considered for the study are as follows:

  • Base Year: 2017
  • Estimated Year: 2018
  • Projected Year: 2023
  • Forecast Period: 2018–2023

The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global generator sales market by fuel type, power rating, application, end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of the generator sales market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues related to the market)
  • To strategically analyze the generator sales market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the generator sales market

Research Methodology

This research study involved the use of extensive secondary sources, directories, journals on energy storage, and other related reports, newsletters, and databases such as Hoover’s, Bloomberg, Businessweek, and Factiva to identify and collect information useful for a technical, market-oriented, and commercial study of the global generator sales market. The primary sources include several industry experts from the core and related industries, vendors, preferred suppliers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. The research methodology has been explained below.

  • Study of annual revenues and market developments of major players providing generator sets
  • Assessment of future trends and growth of rated capacity
  • Assessment of the generator sales market with respect to the technology used for different applications

After arriving at the overall market size, the total market was split into several segments and sub-segments. The figure below illustrates the breakdown of primary interviews conducted during the research study on the basis of company type, designation, and region.

Generator Sales Market

To know about the assumptions considered for the study, download the pdf brochure

The leading players in the generator sales market include Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US).

Target Audience:

  • Generator set manufacturing companies
  • Manufacturers’ associations
  • Gas and diesel engine manufacturers
  • Suppliers of parts and components for engines and generators
  • Institutional investors
  • Government and research organizations

  Scope of the Report:

  • By Application
    • Standby
    • Prime and Continuous
    • Peak Shaving
  • By Fuel
    • Diesel
    • Natural Gas
    • Others (LPG, Biogas, and Propane)
  • By End-User
    • Residential
    • Commercial
    • Industrial
  • By Power Rating
    • Below 100 kVA
    • 100–350 kVA
    • 350–1,000 kVA
    • Above 1,000 kVA
  • By Region
    • North America
    • Asia Pacific
    • Europe
    • Middle East & Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region/country-specific analyses

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
           1.3.4 Currency
    1.4 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in the Generator Sales Market
    4.2 Generator Sales Market, By End-User
    4.3 Generator Sales Market
    4.4 Generator Sales Market, By Power Rating

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Marekt Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Uninterrupted and Reliable Power Supply as Some of Best Power Grids are Also Subject to Downtimes
                    5.2.1.2 Growth of Healthcare Infrastructure
                    5.2.1.3 Rising Demand for IT Infrastructure Management
                    5.2.1.4 Rapid Urbanization in Developing Countries
           5.2.2 Restraints
                    5.2.2.1 Increasing Adoption of Energy Storage Technologies
                    5.2.2.2 Significant Investment to Modernize/Upgrade Existing T&D Infrastructure
           5.2.3 Opportunities
                    5.2.3.1 Hybrid Generators, Bi-Fuel, and Invertor Generators
                    5.2.3.2 Demand From Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 High Life Cycle Cost of Internal Combustion Engines
                    5.2.4.2 Stringent Emission and Noise Control Norms

6 Generator Sales Market, By Fuel Type (Page No. - 43)
    6.1 Introduction
           6.1.1 Diesel
           6.1.2 Natural Gas
           6.1.3 Others

7 Generator Sales Market, By Power Rating (Page No. - 48)
    7.1 Introduction
           7.1.1 Below 100 kVA
           7.1.2 100–350 kVA
           7.1.3 350–1,000 kVA
           7.1.4 Above 1,000 kVA

8 Generator Sales Market, By Application (Page No. - 54)
    8.1 Introduction
    8.2 Standby Gensets
    8.3 Prime & Continuous Gensets
    8.4 Peak Shaving Gensets

9 Generator Sales Market, By End-User (Page No. - 58)
    9.1 Introduction
    9.2 Industrial
           9.2.1 Utilities/Power Generation
           9.2.2 Oil & Gas
           9.2.3 Other Industrial
    9.3 Commercial
           9.3.1 IT & Telecom
           9.3.2 Healthcare
           9.3.3 Others
           9.3.4 Residential

10 Generator Sales Market, By Region (Page No. - 67)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 China
             10.2.2 India
             10.2.3 Japan
             10.2.4 Australia
             10.2.5 South Korea
             10.2.6 Rest of Asia Pacific
     10.3 North America
             10.3.1 US
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Europe
             10.4.1 Russia
             10.4.2 UK
             10.4.3 Germany
             10.4.4 France
             10.4.5 Rest of Europe
     10.5 Middle East and Africa
             10.5.1 Saudi Arabia
             10.5.2 UAE
             10.5.3 South Africa
             10.5.4 Nigeria
             10.5.5 Algeria
             10.5.6 Rest of the Middle East & Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Rest of South America

11 Competitive Landscape (Page No. - 97)
     11.1 Introduction
     11.2 Market Ranking Analysis, 2016
     11.3 Competitive Scenario
             11.3.1 New Product Developments
             11.3.2 Investments & Expansions
             11.3.3 Mergers & Acquisitions
             11.3.4 Contracts & Agreements
             11.3.5 Others (Partnerships/Collaborations/Joint Ventures/Awards & Recognitions)

12 Company Profiles (Page No. - 102)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Company Benchmarking
     12.2 Caterpillar
     12.3 Yanmar
     12.4 MQ Power
     12.5 Kohler
     12.6 Generac
     12.7 Cummins
     12.8 Wacker Neuson
     12.9 Wartsila
     12.10 Rolls-Royce. (MTU Onsite Energy)
     12.11 Briggs & Stratton
     12.12 Mitsubishi Heavy Industries
     12.13 Sterling & Wilson.
     12.14 Weichai Group.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 142)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.5 Available Customisation
     13.6 Related Report
     13.7 Author Details


List of Tables (80 Tables)

Table 1 Generator Sales Market Snapshot
Table 2 Global T&D Infrastructure Expansion Plans
Table 3 Cost Comparision Between Solar PV, Diesel Geenrators, and Gas Generators
Table 4 Tier 4 Emission Standards for Non-Road Compression Ignition Engines
Table 5 Europe: Proposed Stage V Emission Standard for Non-Road Engines (NRE)
Table 6 Generator Sales Market Size, By Fuel Type, 2016–2023 (USD Million)
Table 7 Diesel Generator Sales: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 8 Natural Gas Generator Sales: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 9 Other Generator Sales: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 10 Generator Sales Market Size, By Power Rating, 2016–2023 (USD Million)
Table 11 Below 100 kVA: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 12 100–350 kVA: Market Size, By Region, 2016–2023 (USD Million)
Table 13 350–1,000 kVA: Market Size, By Region, 2016–2023 (USD Million)
Table 14 Above 1,000 kVA: Market Size, By Region, 2016–2023 (USD Million)
Table 15 Generator Sales Market Size, By Application, 2016–2023 (USD Million)
Table 16 Standby: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 17 Prime & Continuous: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 18 Peak Shaving: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 19 Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 20 Industrial: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 21 Industrial: Market Size, By End-User, 2016–2023 (USD Million)
Table 22 Utilities/Power Generation: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 23 Oil & Gas: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 24 Other Industrial: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 25 Commercial: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 26 Commercial: Market Size, By End-User, 2016–2023 (USD Million)
Table 27 IT & Telecom: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 28 Healthcare: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 29 Healthcare: Market Size, By Region, 2016–2023 (USD Million)
Table 30 Residential: Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 31 Generator Sales Market Size, By Region, 2016–2023 (USD Million)
Table 32 Generator Sales Market Size, By Region, 2016–2023 (000 Units)
Table 33 Asia Pacific: Generator Sales Market Size, By Power Rating, 2016–2023 (USD Million)
Table 34 Asia Pacific: Market Size, By Fuel Type, 2016–2023 (USD Million)
Table 35 Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 37 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 38 China: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 39 India: Market Size, By End-User, 2016–2023 (USD Million)
Table 40 Japan: Market Size, By End-User, 2016–2023 (USD Million)
Table 41 Australia: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 42 South Korea: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 43 Rest of Asia Pacific: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 44 North America: Generator Sales Market Size, By Power Rating, 2016–2023 (USD Million)
Table 45 North America: Market Size, By Fuel Type, 2016–2023 (USD Million)
Table 46 North America: Market Size, By End-User, 2016–2023 (USD Million)
Table 47 North America: Market Size, By Application, 2016–2023 (USD Million)
Table 48 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 49 US: Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Canada: Market Size, By End-User, 2016–2023 (USD Million)
Table 51 Mexico: Market Size, By End-User, 2016–2023 (USD Million)
Table 52 Europe: Market Size, By Power Rating, 2016–2023 (USD Million)
Table 53 Europe: Market Size, By Fuel Type, 2016–2023 (USD Million)
Table 54 Europe: Market Size, By End-User, 2016–2023 (USD Million)
Table 55 Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 56 Europe: Generator Sales Market Size, By Country, 2016–2023 (USD Million)
Table 57 Russia: Market Size, By End-User, 2016–2023 (USD Million)
Table 58 UK: Market Size, By End-User, 2016–2023 (USD Million)
Table 59 Germany: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 60 France: Market Size, By End-User, 2016–2023 (USD Million)
Table 61 Rest of Europe: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 62 Middle East & Africa: Generator Sales Market Size, By Power Rating, 2016–2023 (USD Million)
Table 63 Middle East & Africa: Market Size, By Fuel Type, 2016–2023 (USD Million)
Table 64 Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 65 Middle East & Africa: Market Size, By Application, 2016–2023 (USD Million)
Table 66 Middle East & Africa: Market Size, By Country, 2016–2023 (USD Million)
Table 67 Saudi Arabia: Market Size, By End-User, 2016–2023 (USD Million)
Table 68 UAE: Market Size, By End-User, 2016–2023 (USD Million)
Table 69 South Africa: Market Size, By End-User, 2016–2023 (USD Million)
Table 70 Nigeria: Market Size, By End-User, 2016–2023 (USD Million)
Table 71 Algeria: Market Size, By End-User, 2016–2023 (USD Million)
Table 72 Rest of the Middle East & Africa: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 73 South America: Generator Sales Market Size, By Power Rating, 2016–2023 (USD Million)
Table 74 South America: Market Size, By Fuel Type, 2016–2023 (USD Million)
Table 75 South America: Market Size, By End-User, 2016–2023 (USD Million)
Table 76 South America: Market Size, By Application, 2016–2023 (USD Million)
Table 77 South America: Market Size, By Country, 2016–2023 (USD Million)
Table 78 Brazil: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 79 Argentina: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)
Table 80 Rest of South America: Generator Sales Market Size, By End-User, 2016–2023 (USD Million)


List of Figures (37 Figures)

Figure 1 Generator Sales Market Segmentation
Figure 2 Research Design
Figure 3 Generator Sales Market, By Region, 2018–2023 (USD Million)
Figure 4 Generator Sales Market, By End-User, 2017 (USD Million)
Figure 5 Generator Sales Market, By Fuel, 2017 (USD Million)
Figure 6 Generator Sales Market, By Application, 2017 (USD Million)
Figure 7 Opportunities in the Industrial Segment of the Generator Sales Market, 2018–2023
Figure 8 Industrial Segment is Leading the Generator Sales Market
Figure 9 Diesel Gensets Dominated the Asia Pacific Generator Sales Market in 2017
Figure 10 350–1000 kVA Generators Led the Generator Sales Market in 2017
Figure 11 Market Dynamics for the Generator Sales Market
Figure 12 US: Construction Spending on Healthcare Infrastructure
Figure 13 Global Data Centre Growth, 2013–2018
Figure 14 Emission Regulations in the US and Canada for Non-Emergency and Mobile Generator Sets
Figure 15 Emission Regulations in the US and Canada for Stationary Emergency and Standby Power
Figure 16 Europe: Stage III A, III B, and IV Emission Standards for Nonautomobile Diesel Engines
Figure 17 Generator Sales Market Size, By Fuel Type, 2017 (USD Million)
Figure 18 Generator Sales Market Share, By Power Rating, 2017
Figure 19 Generator Sales Market Size, By Application, 2016–2023 (USD Million)
Figure 20 Generator Sales Market Share, By End-User, 2017
Figure 21 Asia Pacific to Dominate the Generator Sales Market in 2018
Figure 22 The Generator Sales Market in India is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 23 Asia Pacific: Market Snapshot
Figure 24 North America: Market Snapshot
Figure 25 Key Developments in the Generator Sales Market, 2015–2017
Figure 26 Market Ranking, 2016
Figure 27 Caterpillar: Company Snapshot
Figure 28 Yanmar: Company Snapshot
Figure 29 Generac: Company Snapshot
Figure 30 Cummins: Company Snapshot
Figure 31 Wacker Neuson: Company Snapshot
Figure 32 Wartsila: Company Snapshot
Figure 33 Rolls-Royce.: Company Snapshot
Figure 34 Briggs & Stratton: Company Snapshot
Figure 35 Mitsubishi Heavy Industries: Company Snapshot
Figure 36 Sterling & Wilson.: Company Snapshot
Figure 37 Weichai Group: Company Snapshot

The generator sales market is estimated to be USD 20.93 Billion in 2018 and is projected to grow at a CAGR of 5.41%, during the forecast period, to reach a market size of USD 27.24 Billion by 2023. The growth of the generator sales market can be attributed to the increasing demand for uninterrupted and reliable power from a wide range of end-users such as the residential, IT/Telecom, healthcare, utility and power generation, marine, chemicals, oil & gas, mining, and construction sectors.

The report segments the generator sales market on the basis of fuel type into diesel, gas, and other fuel generators. Diesel generator sets are widely used in the manufacturing, healthcare, oil & gas, marine, and IT/telecom sectors due to the easy availability of fuel, ease of storage, ease of transportation, spare parts, and quick response to load changes. These factors are expected to lead to the diesel generator segment being the largest during the forecast period. However, to reduce emissions, developed countries such as the US, Canada, the UK, Germany, France, the Netherlands, and Japan are rapidly adopting natural gas-based power generation technologies due to which the gas generators sales market is expected to grow at a faster pace during the forecast period.

The generator sales market has been segmented based on end-user into residential, commercial, and industrial. The industrial end-user segment is expected to grow at the highest CAGR during the forecast period. The key factor driving the market is the favorable government policies for the growth of industries in various countries such as Mexico, China, Brazil, and India. The growth of the oil & gas sector in China, Mexico, Canada, and African countries is also fueling the demand for generators in the industrial end-user segment.

On the basis of power rating, the generator sales market has been segmented into 100 kVA, 100–350 kVA, 350–1,000 kVA, and above 1,000 kVA. The above 1,000 kVA segment is expected to be the fastest-growing market during the forecast period. Above 1,000 kVA generators find application in a wide range of end-use industries for prime and continuous power supply. The increasing use of natural gas for the above 1,000 kVA generators is also expected to fuel the growth of the market.

Asia Pacific is expected to be the largest and fastest-growing market due to the high demand for power products in China and India. The high economic growth rate of China has led to an increase in the demand for power generation equipment such as diesel and gas generators in the country. New policy reforms in India to support the growth of industries have made the country a very lucrative market for OEM manufacturers. This is also likely to create a huge demand for generators in the region.

Generator Sales Market

The major factors restraining the growth of the generator sales market are the increased adoption of energy storage technologies and significant investments in modernizing/upgrading existing T&D infrastructure. Stringent government regulations for diesel-powered generators along with high operational and maintenance costs are one of the major challenges in the generator sales market.

Some of the major players in the generator sales market are Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the generator sales market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Consult Problem Statement :

A leading provider of motor oil and automotive lubricants with over 300 service centers is interested to assess market potential for power generator market in Europe and Russia.

  • To Estimate the Power Generator Market by Application ( Prime/base and Standby),
  • By Power Range (400-1000 kw, 1000-2000 kW, above 2000 kW)
  • By Fuel Type (Diesel, and Gas)
  • By End Use (Agriculture, Mining, Power, Marine, Construction, Oil and Gas, Others)
  • Also, to study the market trends driving the generator market in Europe and Russia
  • Moreover, to define presence of the major owner operators, lease companies, and service providers in the power generator market across Europe
  • To identify and analyze the different&nbsp; products offered by these companies in Europe
  • To estimate the market shares of different generator manufacturers in Europe and Russia
  • To identify various regulations and standards impacting the power generator market in Europe

Solution Provided:
  1. Methodology Adopted by MnM: MnM carried out this study through a combination of Extensive sec....
  1. Methodology Adopted by MnM: MnM carried out this study through a combination of Extensive secondary research is backed up by multiple primary interviews done with various industry experts and stakeholders within target geographies. In order to study and analyze the industry across various segments namely ‘Strategic Assessment of Power Generator Market across Europe and Russia’ MnM team undertook in depth study of available literature, and relevant websites which publish news and related articles on power generation industry. Information was developed in the power generation market by various pointers such as trends in generator sales market, trends in generator demands by power rental service providers, trends in electricity demands, trends in power rental market, trends in used fleet market and opportunities and challenges .In addition to this, MnM team has conducted multiple successful telephonic interviews with key opinion industry leaders that include C-Level executives to understand their perception of the current level of market penetration. By conducting detailed and informative primary discussions within these respondent categories across various functions, MnM analysed current & forecast quantitative market information, and developed deep-dive qualitative insights into industry trends & dynamics across each of the target regions.
  2. Actual Solution Provided:
    • Lube oil Competitors in the market
    • Attractive market for genset (diesel and gas)
    • Attractive countries for investment opportunities
    • Complete competitive intelligence on product capabilities, various services offered, point of parity/differentiation
    • Competitors marketing communications/promotional strategy
    • The target customers segmented by applications in each geographies and other critical parameters
    • The gaps between the customer need (demand) and what is available in the market (supply)

Value Delivered:

After going through detailed market analysis and end-use scenario developed by MnM, its client was able to understand the power genset market in the Europe and Russia region segmented by various countries. With the help of this study, client also understand the market size of diesel and gas generators by different power bands. Through demand analysis, client understand the demand of generators by different end use applications. The granular set of information and recommendations shared by MnM assisted the client target customer in each geography which resulted in its business expansion and revenue growth. MnM also developed valuable information for client to help understand the presence of competitors in the both the geography.

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Client Consult Problem Statement :

MNM’s Client, one of the top 5 Heavy Duty Engine and Spare Parts manufacturers- was interested in competitive intelligence of heavy duty engines and Spare part aftermarket across different zones in India. The key focus of the study included the following:

  • Identification of Heavy Duty and Spare Parts market across North, South, East and West zones.
  • Identification of different applications in Heavy Duty Engines with their respective spare parts.
  • Identification of different heavy duty Series and its Models to benchmark with respect to different OEMs.
  • Identification of industry dynamics and competitive landscape to critically analyze the study

Solution Provided:
  1. Methodology Adopted by MnM :MnM carried out this study through a combination of extens....
  1. Methodology Adopted by MnM :MnM carried out this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders across the value chain within target zones.
    For segmenting the market on the basis of application of engines we tracked the sale of machines, vehicles and Vessels in the provided applications, for example sale of tractors or trucks in India. This way we derived the base number for further analysis and forecasts of the engines and spare parts. Both, top-down and bottom-up approaches were used to cover key sources of primary information that included suppliers of heavy duty engines, along with manufacturers of heavy duty spare parts, and other industry experts. By conducting detailed and informative primary discussions with the respondent categories across various functions, MnM analyzed current & forecast quantitative market information, and developed deep-dive qualitative insights into industry trends & dynamics across each of the target applications. In total, MnM conducted 50 primary discussions, of which 40 were the OEMs, while the rest consisted of various industry experts.
  1. Actual Solution Provided: -
      • MnM studied applications under heavy duty engines (On Highway, Off Highway, Marine, Stationary, and Mining & Construction) along with their segmented engine capacity (Hp range) and divided by different zones (North, East, South, and West) and recommended the growth applications along with the leading OEMs for gauging the market.
      • Spare Parts (liners, filters, water pumps, gaskets and piston ring sets) were then estimated to identify the leading spare parts manufacturers
      • Each vertical was studied on a state-level granularity, to understand product yields per state, in order to identify the best addressable market for each vertical.

Value Delivered:

The project assisted the client in identifying the segment of engines to focus upon, for manufacturing their spare parts. MNM supplied client with historic data of 2014, estimated data of 2015, forecasts for 2020, and growth rate for 2015 to 2020. Data for these years was provided for the number of engine by above mentioned segmentations. The analysis for number of spare parts that Federal Mogul was focusing upon was also presented to the client.

Client had a special focus upon the business intelligence and market status of engine model series for Cummins, Kirloskar, CAT, Komatsu, Detroit and Volvo. We provided the client a detailed analysis of required engine models for each company. Special field primaries were conducted for this analysis in which we interviewed the managers from engine refurbishing plants. The project delivered value to client in form of the intelligence utilizing which the client can analyze its current operations and formulate its future business strategy.

Project included the competitive intelligence of engine manufacturers, in which we provided the market share of major engine manufacturers on the basis geographical zones in India. We also provided the client with analysis of major cities across India with their strategic importance.

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Client Customization Problem Statement : Market Sizing/ Forecasting for Generator Sales Market for Cuba, Jamaica and Puerto Rico

Solution Provided:
MnM's client needed beyond the insights into report for Market size and trends of  Cuba, Jamaica and Puerto Rico....
MnM's client needed beyond the insights into report for Market size and trends of  Cuba, Jamaica and Puerto Rico
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