Air Cooled Generator Market Size, Share, Opportunities, And Trends By Type (Open Ventilated, Enclosed), By End-User (Residential, Industrial/Commercial), And By Geography - Forecasts From 2023 To 2028

An air-cooled generator system aids the engine in drawing cooler air from the atmosphere and blowing it internally throughout the generator thereby preventing generator from overheating. The air-cooled generators are often used for backup and portable generators up to 22 kW. When the temperatures rise above 120 degrees, air-cooled generators overheat and shut down as these generators are better suitable for corporate applications or critical systems that must continue to operate after a power outage. The increased investment in power generation capacity and power plant projects will help to increase the demand for air-cooled generators and increasing usage in residential and industrial places will boost the overall market growth during the forecasted period.

The growing power plants project will boost market growth.

Air-cooled generators are applicable in gas turbine and steam turbine power plants. Gas turbine power plants, help to generate power at a low speed with barely any vibration while rotating at a high frequency. In steam turbine power plants, instead of employing water or oil coolants, as is typically the case with conventional generators, they use air cooling to remove heat from the engine and transform it into energy. The rising power plant projects will boost the air-cooled generator market growth. In July 2022, the first and largest 300 MW Cap des Biches combined cycle gas power station will be operational by the end of the year, according to the Senegalese energy business West African Energy, which also forecasted that 2.5 million tons of liquefied natural gas will start flowing from the nation's reserves in 2023. In June 2021, GE Steam Power and BHEL agreed to a $165 million contract for three nuclear steam turbine projects. This rapid expansion in the power plants project will boost the air-cooled generator market growth.

The growing residential and commercial investments will boost the market growth

The rising domestic energy consumption due to increasing household, commercial, and industrial investments in both urban and rural areas are some of the reasons driving the air-cooled generator market growth. According to the U.S. Census Bureau, the commercial construction investments in the US increased from $104,434 million in February 2022 to $126,870 million in February 2023, showing a 21.5 % increase rate of investments.  In February 2023, China established a pilot program to encourage private investment in the real estate sector, to raise at least 30 million yuan ($4.37 million) in which the program will fund residential and commercial housing, as well as infrastructural improvements. The rapid increase of residential and commercial investments due to rising infrastructure projects is increasing the electricity demand which will boost the air-cooled generator market growth during the forecasted period.

During the forecast period, the Asia-Pacific region is expected to dominate the market

The Asia-Pacific is expected to dominate the global air-cooled generator market during the projected period. The region due to its high population density has a significant electricity demand which will boost the demand for air cool generators. According to the most recent United Nations forecasts, Asia's population was around 4,743,946,002 in February 2023. According to the US Energy Information Administration, the Chinese energy per capita consumption in 2021 was 115.73 million Btu per person. The increasing use of power, combined with the growing population, will promote the installation of air-cooled generators in Asia Pacific households and business establishments. In October 2022, according to data from the Ministry of Electricity, India's electricity consumption climbed by 1.64% year on year, reaching 114.64 BU. The rising population has increased electricity demand in the region which is further boosting the air-cooled generators market growth during the forecasted period.

Market Key Developments.

• In October 2021, Generac launched the Most Potent Home Standby Generator the “26kW Home Standby Generator”. The Guardian 26kW generator uses 68% less space than liquid-cooled home standby generators while producing 26 kilowatts of peak output.

Air Cooled Generator Market Scope:

Segmentation

• By Type
  • Open Ventilated
  • Enclosed
• By End-User
  • Residential
  • Industrial/Commercial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others