Dual Fuel Generator Market to grow by USD 176.83 Million growth; North America to account for significant market share - Technavio

NEW YORK, Nov. 22, 2022 /PRNewswire/ -- The "Dual Fuel Generator Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 176.83 million between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 4.1% during the forecast period. Learn about the global trends impacting the future of market research. Download a Free PDF Report Sample

Regional Analysis

The market will observe significant growth in North America during the forecast period. The demand for electricity in APAC is increasing due to the ever-increasing population. Poor power infrastructure in Asian countries causes power outages, which also increases the demand for generators for power backup. Furthermore, the growth of the dual fuel generator market in the region can be attributed to the increasing demand from the residential, commercial, and several small-scale industries. Due to power shortages and lack of access to the grid, power backup sources have become a necessity in the region. The market in the region is expected to register tremendous growth during the forecast period.

Major Revenue-generating Segment

By end-user, the market is analyzed across segments such as industrial, commercial, and residential. Industrial end-users will exhibit significant demand for dual fuel generators during the forecast period. Industries are increasingly opting for dual fuel generators to capitalize on the reliability benefits of both diesel and natural gas, as they can run on either gas or diesel depending on which fuel is available at the time. The deployment of dual fuel generators in the industrial sector ensures that there is a continuous supply of power in the event of failure of the grid systems, which reduces the risk of downtime.

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Key Growth Driver

The market is driven by the growing benefits of dual fuel generators. Unlike a traditional generator, the dual fuel generators deploy an advanced dual fuel control system that runs on both gas and diesel, which makes them more flexible when it comes to supplying emergency power. Dual fuel generators can operate on a wide range of gas/diesel supply combinations ranging from 100%/0% to 30%/70%, which reduces the overall spending on fuel. In addition, they are economical to operate and save electricity costs, flexible as the control of diesel and gas metering offers optimal performance in all operating conditions, and are capable of maintaining diesel power and traditional transient response and torque even in substitution mode. Many such benefits are driving their demand among end-users, which is driving the growth of the market. Get detailed insights into the impact of drivers, trends, and challenges on the growth of the market. Buy Now!

As per Technavio, the tri-fuel generator technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth.

Dual Fuel Generator Market: Tri-fuel Generator Technology

The advent of tri-fuel generator technology is the major trend in the market. Tri-fuel generators are expected to emerge as the next best alternative to dual fuel generators in the coming years. In general, the four main fuel choices to run a generator include gasoline, diesel, liquid propane, and natural gas. Dual fuel generators are powered by gasoline or liquid propane, while a tri-fuel generator can run on three different types of fuel sources such as gasoline, liquefied petroleum (LPG or propane), and natural gas (NG). These generators are being increasingly adopted by preppers or survivalists who need to be prepared for any sort of emergency situation. In addition, there is always a high possibility that one of the three fuels may become scarce at any time during an emergency, and therefore, most people tend to purchase a generator that can be operated using three different fuels. This trend is expected to have a positive impact on the growth of the market in focus.

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Industrial - Market size and forecast 2021-2026
• Exhibit 28: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Industrial - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

• 5.4 Commercial - Market size and forecast 2021-2026
• Exhibit 32: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)

• 5.5 Residential - Market size and forecast 2021-2026
• Exhibit 36: Chart on Residential - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Residential - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Residential - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user 
• Exhibit 40: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Briggs and Stratton LLC 
• Exhibit 93: Briggs and Stratton LLC - Overview
• Exhibit 94: Briggs and Stratton LLC - Product / Service
• Exhibit 95: Briggs and Stratton LLC - Key offerings

• 10.4 Champion Power Equipment Inc. 
• Exhibit 96: Champion Power Equipment Inc. - Overview
• Exhibit 97: Champion Power Equipment Inc. - Product / Service
• Exhibit 98: Champion Power Equipment Inc. - Key offerings

• 10.5 Cummins Inc. 
• Exhibit 99: Cummins Inc. - Overview
• Exhibit 100: Cummins Inc. - Business segments
• Exhibit 101: Cummins Inc. - Key offerings
• Exhibit 102: Cummins Inc. - Segment focus

• 10.6 DuroMax Power Equipment 
• Exhibit 103: DuroMax Power Equipment - Overview
• Exhibit 104: DuroMax Power Equipment - Product / Service
• Exhibit 105: DuroMax Power Equipment - Key offerings

• 10.7 Generac Power Systems Inc. 
• Exhibit 106: Generac Power Systems Inc. - Overview
• Exhibit 107: Generac Power Systems Inc. - Business segments
• Exhibit 108: Generac Power Systems Inc. - Key news
• Exhibit 109: Generac Power Systems Inc. - Key offerings
• Exhibit 110: Generac Power Systems Inc. - Segment focus

• 10.8 Kohler Co. 
• Exhibit 111: Kohler Co. - Overview
• Exhibit 112: Kohler Co. - Product / Service
• Exhibit 113: Kohler Co. - Key news
• Exhibit 114: Kohler Co. - Key offerings

• 10.9 Pulsar Products Inc. 
• Exhibit 115: Pulsar Products Inc. - Overview
• Exhibit 116: Pulsar Products Inc. - Product / Service
• Exhibit 117: Pulsar Products Inc. - Key offerings

• 10.10 Sportsman Series 
• Exhibit 118: Sportsman Series - Overview
• Exhibit 119: Sportsman Series - Product / Service
• Exhibit 120: Sportsman Series - Key offerings

• 10.11 Tillotson Ltd. 
• Exhibit 121: Tillotson Ltd. - Overview
• Exhibit 122: Tillotson Ltd. - Product / Service
• Exhibit 123: Tillotson Ltd. - Key offerings

• 10.12 Westinghouse Electric Corp. 
• Exhibit 124: Westinghouse Electric Corp. - Overview
• Exhibit 125: Westinghouse Electric Corp. - Product / Service
• Exhibit 126: Westinghouse Electric Corp. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 127: Inclusions checklist
• Exhibit 128: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 129: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 130: Research methodology
• Exhibit 131: Validation techniques employed for market sizing
• Exhibit 132: Information sources

• 11.5 List of abbreviations 
• Exhibit 133: List of abbreviations

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