| Product Code: ETC5073948 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Armenia electric generator sets market witnessed a decline in imports from 2020 to 2024, with a Compound Annual Growth Rate (CAGR) of -15.52%. Particularly in 2023-2024, there was a significant year-on-year decrease of -67.84%, contributing to the overall downward trend in import volumes during this period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Electric Generator Sets Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Electric Generator Sets Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Electric Generator Sets Market - Industry Life Cycle |
3.4 Armenia Electric Generator Sets Market - Porter's Five Forces |
3.5 Armenia Electric Generator Sets Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.6 Armenia Electric Generator Sets Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Armenia Electric Generator Sets Market Revenues & Volume Share, By Fuel Source, 2021 & 2031F |
3.8 Armenia Electric Generator Sets Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Armenia Electric Generator Sets Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Armenia Electric Generator Sets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for reliable electricity supply in Armenia |
4.2.2 Increase in construction and infrastructure development projects |
4.2.3 Adoption of renewable energy sources leading to the need for backup power solutions |
4.3 Market Restraints |
4.3.1 High initial investment cost of electric generator sets |
4.3.2 Lack of proper infrastructure for distribution and maintenance services |
5 Armenia Electric Generator Sets Market Trends |
6 Armenia Electric Generator Sets Market Segmentations |
6.1 Armenia Electric Generator Sets Market, By Rated Capacity |
6.1.1 Overview and Analysis |
6.1.2 Armenia Electric Generator Sets Market Revenues & Volume, By Less than 125 MVA, 2021-2031F |
6.1.3 Armenia Electric Generator Sets Market Revenues & Volume, By 125-300 MVA, 2021-2031F |
6.1.4 Armenia Electric Generator Sets Market Revenues & Volume, By 300-700 MVA, 2021-2031F |
6.1.5 Armenia Electric Generator Sets Market Revenues & Volume, By 700-1000 MVA, 2021-2031F |
6.1.6 Armenia Electric Generator Sets Market Revenues & Volume, By Above 1000 MVA, 2021-2031F |
6.2 Armenia Electric Generator Sets Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Armenia Electric Generator Sets Market Revenues & Volume, By AC Generator, 2021-2031F |
6.2.3 Armenia Electric Generator Sets Market Revenues & Volume, By Stationary Field Synchronous, 2021-2031F |
6.2.4 Armenia Electric Generator Sets Market Revenues & Volume, By Rotating Field Synchronous, 2021-2031F |
6.2.5 Armenia Electric Generator Sets Market Revenues & Volume, By Permanent Magnet, 2021-2031F |
6.2.6 Armenia Electric Generator Sets Market Revenues & Volume, By Variable/Switched Reluctance, 2021-2031F |
6.2.7 Armenia Electric Generator Sets Market Revenues & Volume, By Induction Generators, 2021-2031F |
6.2.8 Armenia Electric Generator Sets Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Armenia Electric Generator Sets Market Revenues & Volume, By Others, 2021-2031F |
6.3 Armenia Electric Generator Sets Market, By Fuel Source |
6.3.1 Overview and Analysis |
6.3.2 Armenia Electric Generator Sets Market Revenues & Volume, By Diesel Generators, 2021-2031F |
6.3.3 Armenia Electric Generator Sets Market Revenues & Volume, By Gas Generators, 2021-2031F |
6.3.4 Armenia Electric Generator Sets Market Revenues & Volume, By Others? , 2021-2031F |
6.4 Armenia Electric Generator Sets Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Armenia Electric Generator Sets Market Revenues & Volume, By Standby, 2021-2031F |
6.4.3 Armenia Electric Generator Sets Market Revenues & Volume, By Continuous, 2021-2031F | 6.4.4 Armenia Electric Generator Sets Market Revenues & Volume, By Portable, 2021-2031F |
6.5 Armenia Electric Generator Sets Market, By End Users |
6.5.1 Overview and Analysis |
6.5.2 Armenia Electric Generator Sets Market Revenues & Volume, By Commercial, 2021-2031F |
6.5.3 Armenia Electric Generator Sets Market Revenues & Volume, By Residential, 2021-2031F |
6.5.4 Armenia Electric Generator Sets Market Revenues & Volume, By Industrial, 2021-2031F |
7 Armenia Electric Generator Sets Market Import-Export Trade Statistics |
7.1 Armenia Electric Generator Sets Market Export to Major Countries |
7.2 Armenia Electric Generator Sets Market Imports from Major Countries |
8 Armenia Electric Generator Sets Market Key Performance Indicators |
8.1 Average capacity utilization rate of electric generator sets |
8.2 Number of new construction and infrastructure projects in Armenia |
8.3 Adoption rate of renewable energy sources in the country |
9 Armenia Electric Generator Sets Market - Opportunity Assessment |
9.1 Armenia Electric Generator Sets Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.2 Armenia Electric Generator Sets Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Armenia Electric Generator Sets Market Opportunity Assessment, By Fuel Source, 2021 & 2031F |
9.4 Armenia Electric Generator Sets Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Armenia Electric Generator Sets Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Armenia Electric Generator Sets Market - Competitive Landscape |
10.1 Armenia Electric Generator Sets Market Revenue Share, By Companies, 2024 |
10.2 Armenia Electric Generator Sets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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