The global silent generator market size is predicted to exhibit substantial growth during the forecast period of 2023 to 2033. According to the research report published by Future Market Insights, the global market is slated to exceed a valuation of USD 3,026.0 million in 2023. It is estimated to reach a valuation of USD 5,419.1 million by 2033. The market is projected to register a noteworthy CAGR of 6.0% from 2023 to 2033.
Due to frequent power cut-offs with the decreasing level of power-generating resources, silent generator sales have increased substantially in the past decade.
In recent times there have been rising cases of depleting coal resources at various thermal power generation plants located in developing as well as developed nations. Resulting in frequent interruptions in power supplies to households and commercial entities. For this reason, silent generator for home and marketplaces has emerged as a suitable alternative in various parts of the world. Also, owing to the rapidly expanding urban settlements, the demand for silent generators is growing exponentially, favoring the market for silent diesel generators around the world.
Traditionally sizable manufacturers of noiseless diesel generators have focused on providing their products to large commercial units. But with the increase in demand from discrete housing societies, they are trying to design more smart portable silent generators. This is expected to increase the sale of silent generators during the forecast period of 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Share (2022) | USD 2,887.4 million |
| Market Share (2023) | USD 3,026.0 million |
| Market Share (2033) | USD 5,419.1 million |
| CAGR (2023 to 2033) | 6.0% |
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In 2018, the global silent generator market size stood at USD 2,339.3 million. From 2018 to 2022, the market experienced significant growth, accounting for USD 2,887.4 million in 2022. The market expanded at a considerable CAGR of 4.3% from 2018 to 2022.
There is a rising need for greener, more sustainable solutions as environmental concerns grow. To reduce noise emissions, silent generators use cutting-edge technology like soundproofing materials and effective mufflers. Additionally, these generators use less fuel, which lowers their carbon footprint and makes them more ecologically friendly.
It is now feasible to develop versions that are quieter and more effective due to advancements in technology. To lower noise levels without sacrificing performance, engine manufacturers have devised creative solutions including enhanced combustion systems and better insulating materials. The growing innovations and new product launches are anticipated to bode well for the market in the coming years.
The trend of adopting electric or hybrid vehicles is a prominent step towards sustainable development. To minimize the requirement for fossil fuels. Therefore, small silent electric generators are likely to play a prominent role in the upcoming days.
In this rapidly changing world, electricity supply has become the fundamental service for the functioning of society and the economy. Providing an uninterrupted power supply has emerged as a bigger challenge for utility service providers across the nation. In such a scenario, the provision of a silent power generator is the life-saving off-grid power generating source for large business units, including homes and hospitals.
The noise produced by conventional diesel generators is the prominent factor driving the sale of silent petrol generators for homesteads, hospitals, and other small commercial units. Also, the advancements in the production of super silent generators are anticipated to further augment the market with a rising demand for silent inverter generators to be used in individual home appliances.
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Owing to the depleting fossil fuel sources in OPEC countries and political disruptions, the price of crude oil is surging exponentially across the globe. The higher price of petrol and diesel oils in non-oil-producing countries is likely to hamper the sales of silent diesel generators in these areas.
The demand for silent petrol generators is expected to experience a similar fate with the rise in crude oil prices. Also, the growing emphasis on developing renewable energy sources is anticipated to be another prominent factor limiting the growth of silent electric generators essentially running on these two types of fossil fuels. The pollution generated by the combustion process silent gas generator is significantly low, making it an ideal choice.
The production of soundless generators requires a wide range of raw materials that are difficult to obtain in some geographical regions. The soundproofing system used in the super silent generator is a technological improvement incurring a higher price than the general generator types.
Thus, the availability of suitable locations with a sufficient supply of raw materials for the establishment of manufacturing units is the prominent challenge faced by the manufacturers of mini silent diesel generators. The other challenge is to minimize the silent diesel generator price along with providing recent technologies for its safety and noise cancellation.
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Greater reliability and independence from the grid to obtain energy have positioned small silent generators as an attractive product for several commercial units in the market.
Silent generators are categorized based on the level of sound they generate while running. During the forecast period of 2023 to 2033, the silent electric generator producing sound in the range of below 60 to 70 decibels (dB) is projected to be a swiftly-growing segment. The higher price of super silent generators available for sale in the market produces a sound level of even less than 60 decibels. As per the market analysis report, the market share of super silent generators may take some more time to grow in all prominent economies of the world.
Silent generators are also categorized based on their movability. As the silent power generator is deployed mostly along with permanent homesteads and commercial buildings. So stationary silent generators hold the maximum share of the total revenue generated by global silent generator manufacturers.
Furthermore, the commercial end-use demand for silent generators is set to gain immense momentum in the coming years. The increasing urbanization and construction of new offices and commercial buildings are predicted to boost the commercial silent generator industry. In 2022, the commercial end-use segment captured 42.2% of market shares.
Size optimization for designing a small silent generator for camping is still an evolving market segment. With the rise in economic standards and growth of the tourism sector, the mini silent generator is predicted to be an attractive segment in the coming days.
Based on different fuels used for the operation, silent diesel generator systems rule the market with substantial gross revenue. Several prominent players like Atlas Copco, Cummins, and Generac limit themselves to the production and marketing of diesel-operated components.
Silent diesel generators for homes are the widely-selling generators in today’s market and are predicted to grow at a higher rate than any other segment. The other fuel types used for the best quiet inverter generator are also expected to experience significant traction during the forecast years. Though single-phase generators are less efficient and incur more maintenance still dominate the market with a lower price than the three-phase silent generator price the market.
The natural gas silent generators are expected to gain immaculate growth during the forecast period. In 2022, the natural gas segment under fuel type, garnered 48.0% market shares. The increasing emphasis on reducing greenhouse gas emissions and dependence on fossil fuels has surged the demand for natural gas silent generators.
The rising use of alternative fuel sources and extensive ongoing research and development activities to deliver more efficient natural gas-based silent generators surges the segment’s development.
Like most electric appliances, silent generators are classified according to the power it generates for fixing the cost and end use. In the present market, stationary mini silent generators have a working capacity of 25 kVA and are a thriving segment for manufacturers.
The above 500 kVA segment also promises a huge potential for growth during the forecast period given the large-scale off-grid electricity required by huge industrial setups. The growth of silent diesel generators for sale in other medium power rating capacities has remained moderate and is expected to grow steadily during the forecast period.
With the presence of several manufacturing industries in the Asia Pacific region, particularly China, India, Japan, and South Korea, the demand for silent diesel generators is prominent in this region. Also, the expansion of capacity by established industries is expected to keep this region an attractive market for the global silent generator market.
The availability of used silent diesel generators for sale in such countries is estimated to be having some limiting effects on the growth of the market. In 2022, India, China, and Japan captured 7.3%, 6.8%, and 5.8% of global market shares, respectively.
North America and Europe also hold a significant portion of the global market. But a prominent portion of the revenue generated by silent generators for sale is derived from the portable silent generator segment.
North America is the dominant market shareholder of the global silent generator market. In 2022, the United States captured 22.5% shares in the global market. Large-scale development in the extraction of shale gas has created ample opportunities for the development of silent natural gas generators in the region.
As the tourism sector is well developed in these regions and the demand for the best quiet generator for camping is growing every year. The availability of sufficient raw materials and cheap fossil fuels is recognized as the prominent deciding factor for the growth silent generator market in Europe and North America.
The market for silent generators in other geographic regions covered by the market report has remained moderate during the previous analysis years. However, the Middle East and African regions, and Latin American countries are the emerging markets for silent diesel generators for sale.
Some leading players operating in the market are Rolls-Royce Holdings, Atlas COPCO, Generac Power Systems, Honda, Mahindra Powerol, Kirloskar Oil Engines Ltd. (KOEL), Multipurpose Inc, Greaves Cotton Ltd., Yanmar, Huu Toan Corporation, and Himoinsa.
Prominent players in the market manufacturing the best quiet generators for camping use composite materials for enclosures that are soft porous and resilient. Honda silent generators for sale are designed suitably to reflect the sound inside the enclosure. Other quality products such as Yamaha silent generator also use the same principle to remain competitive in the market.
Recent Developments Observed by FMI:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value, million Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Caps Type, Material Type, End User, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is projected to thrive at a CAGR of 6.0% through 2033.
The projected market value for 2033 is USD 5,419.1 million.
The market is estimated to secure a valuation of USD 3,026.0 million in 2023.
North America holds a significant share of the silent generator market.
Increasing demand for generators in commercial applications drive the market growth.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sound Level 5.1. Silent 5.2. Super Silent 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Portable 6.2. Stationary 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Phase 7.1. Single Phase 7.2. Three Phase 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Rating 8.1. Upto 25kVA 8.2. 25kVA-49kVA 8.3. 50kVA-99kVA 8.4. 100kVA-499kVA 8.5. Above 500kVA 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fuel 9.1. Diesel 9.2. Natural Gas 9.3. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 10.1. Standby and Peak 10.2. Prime Mover 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 11.1. Residential 11.2. Commercial 11.3. Industrial 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. Asia Pacific 12.5. MEA 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Rolls-Royce Holdings 20.2. Atlas COPCO 20.3. Generac Power Systems 20.4. Honda 20.5. Mahindra Powerol 20.6. Kirloskar Oil Engines Ltd. (KOEL) 20.7. Multipurpose Inc. 20.8. Greaves Cotton Ltd. 20.9. Yanmar 20.10. Huu Toan Corporation 20.11. Himoinsa 21. Assumptions & Acronyms Used 22. Research Methodology
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