Cummins Inc. has introduced its two latest invertor-generator QG 2800i and 2500i. These generators are efficient and make 60% lesser noise. They work on gasoline and liquid propane, made primarily for Class B and truck campers.
Mitsubishi Heavy Industries, Ltd. and Mitsubishi Electric Corporation have joined hands to merge their power-generator systems businesses.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5063
Published Date: Jun 23, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The increasing need for uninterrupted power supply and rapid growth of the heavy industries is anticipated to bring in lucrative growth opportunities for the expansion of market size.
The market of black start generators is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Cummins Inc., Mitsubishi Heavy Industries, Ltd., Caterpillar Inc., General Electric Company, Generac Holdings Inc., HIMOINSA S.L., J C Bamford Excavators Ltd, Aggreko Ltd, MAN Energy Solutions SE, MTU Onsite Energy., and other key players.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by fuel type, application, power, and by region.
The power generation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Easy availability of alternatives along with the low awareness level about the advantages of black start generator are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.