Generator manufacturing companies manufacture machines that convert mechanical energy into electrical energy through the movement of electric charges in the generator’s windings for use in external circuits. This segment does not include manufacturing of turbine generator sets, internal combustion, welding and generators for battery storage in aircrafts.
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The global generator manufacturing market was valued at $17 billion in 2017, and is expected to be driven as manufactures are providing smart generator technologies to the end users. Asia Pacific was the largest geographic region in the market, accounting for more than two-fifth of the global market. This is because of the high demand for power products in China and India.
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China was the largest country in the market, accounting for more than one-fifth of the global generator manufacturing market share.
The top five competitors in the market are Aggreko, Atlas Copco, Caterpillar, FG Wilson, and Kirloskar. Aggreko was the largest player in the market. Aggreko is a supplier of temporary power generation equipment and of temperature control equipment. It is headquartered in Glasgow, Scotland, United Kingdom.
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