| Product Code: ETC12947453 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The Armenia multi-fuel generators market witnessed a decline in imports from 2020 to 2024, with a CAGR of -7.58%. Specifically, in 2023-2024, there was a year-on-year decrease of -6.48%. These figures indicate a consistent downward trend in the import of multi-fuel generators during the specified 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 Multi-Fuel Generators Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Multi-Fuel Generators Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Multi-Fuel Generators Market - Industry Life Cycle |
3.4 Armenia Multi-Fuel Generators Market - Porter's Five Forces |
3.5 Armenia Multi-Fuel Generators Market Revenues & Volume Share, By Fuel Type, 2022 & 2032F |
3.6 Armenia Multi-Fuel Generators Market Revenues & Volume Share, By Power Rating, 2022 & 2032F |
3.7 Armenia Multi-Fuel Generators Market Revenues & Volume Share, By Technology, 2022 & 2032F |
3.8 Armenia Multi-Fuel Generators Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.9 Armenia Multi-Fuel Generators Market Revenues & Volume Share, By End User, 2022 & 2032F |
4 Armenia Multi-Fuel Generators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and uninterrupted power supply in Armenia |
4.2.2 Growing construction and infrastructure development activities in the region |
4.2.3 Government initiatives promoting the use of alternative energy sources like multi-fuel generators |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with multi-fuel generators |
4.3.2 Lack of awareness and understanding about the benefits of multi-fuel generators among end-users in Armenia |
5 Armenia Multi-Fuel Generators Market Trends |
6 Armenia Multi-Fuel Generators Market, By Types |
6.1 Armenia Multi-Fuel Generators Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Multi-Fuel Generators Market Revenues & Volume, By Fuel Type, 2022 - 2032F |
6.1.3 Armenia Multi-Fuel Generators Market Revenues & Volume, By Diesel, 2022 - 2032F |
6.1.4 Armenia Multi-Fuel Generators Market Revenues & Volume, By Natural Gas, 2022 - 2032F |
6.1.5 Armenia Multi-Fuel Generators Market Revenues & Volume, By Propane, 2022 - 2032F |
6.1.6 Armenia Multi-Fuel Generators Market Revenues & Volume, By Biogas, 2022 - 2032F |
6.1.7 Armenia Multi-Fuel Generators Market Revenues & Volume, By Hydrogen, 2022 - 2032F |
6.2 Armenia Multi-Fuel Generators Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 Armenia Multi-Fuel Generators Market Revenues & Volume, By Below 100 kW, 2022 - 2032F |
6.2.3 Armenia Multi-Fuel Generators Market Revenues & Volume, By 100-500 kW, 2022 - 2032F |
6.2.4 Armenia Multi-Fuel Generators Market Revenues & Volume, By 500 kW-1 MW, 2022 - 2032F |
6.2.5 Armenia Multi-Fuel Generators Market Revenues & Volume, By 1-5 MW, 2022 - 2032F |
6.2.6 Armenia Multi-Fuel Generators Market Revenues & Volume, By Above 5 MW, 2022 - 2032F |
6.3 Armenia Multi-Fuel Generators Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Armenia Multi-Fuel Generators Market Revenues & Volume, By Dual-Fuel System, 2022 - 2032F |
6.3.3 Armenia Multi-Fuel Generators Market Revenues & Volume, By Hybrid System, 2022 - 2032F |
6.3.4 Armenia Multi-Fuel Generators Market Revenues & Volume, By Gasoline-Diesel Mix, 2022 - 2032F |
6.3.5 Armenia Multi-Fuel Generators Market Revenues & Volume, By Combined Heat & Power, 2022 - 2032F |
6.3.6 Armenia Multi-Fuel Generators Market Revenues & Volume, By Flexible Fuel System, 2022 - 2032F |
6.4 Armenia Multi-Fuel Generators Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Armenia Multi-Fuel Generators Market Revenues & Volume, By Standby Power, 2022 - 2032F |
6.4.3 Armenia Multi-Fuel Generators Market Revenues & Volume, By Prime Power, 2022 - 2032F |
6.4.4 Armenia Multi-Fuel Generators Market Revenues & Volume, By Backup Power, 2022 - 2032F |
6.4.5 Armenia Multi-Fuel Generators Market Revenues & Volume, By Remote Sites, 2022 - 2032F |
6.4.6 Armenia Multi-Fuel Generators Market Revenues & Volume, By Off-Grid Power, 2022 - 2032F |
6.5 Armenia Multi-Fuel Generators Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 Armenia Multi-Fuel Generators Market Revenues & Volume, By Residential, 2022 - 2032F |
6.5.3 Armenia Multi-Fuel Generators Market Revenues & Volume, By Commercial, 2022 - 2032F |
6.5.4 Armenia Multi-Fuel Generators Market Revenues & Volume, By Industrial, 2022 - 2032F |
6.5.5 Armenia Multi-Fuel Generators Market Revenues & Volume, By Utilities, 2022 - 2032F |
6.5.6 Armenia Multi-Fuel Generators Market Revenues & Volume, By Construction, 2022 - 2032F |
7 Armenia Multi-Fuel Generators Market Import-Export Trade Statistics |
7.1 Armenia Multi-Fuel Generators Market Export to Major Countries |
7.2 Armenia Multi-Fuel Generators Market Imports from Major Countries |
8 Armenia Multi-Fuel Generators Market Key Performance Indicators |
8.1 Average capacity utilization rate of multi-fuel generators in Armenia |
8.2 Number of government policies and incentives supporting the adoption of multi-fuel generators |
8.3 Percentage of energy generated from multi-fuel generators in the overall energy mix of Armenia |
9 Armenia Multi-Fuel Generators Market - Opportunity Assessment |
9.1 Armenia Multi-Fuel Generators Market Opportunity Assessment, By Fuel Type, 2022 & 2032F |
9.2 Armenia Multi-Fuel Generators Market Opportunity Assessment, By Power Rating, 2022 & 2032F |
9.3 Armenia Multi-Fuel Generators Market Opportunity Assessment, By Technology, 2022 & 2032F |
9.4 Armenia Multi-Fuel Generators Market Opportunity Assessment, By Application, 2022 & 2032F |
9.5 Armenia Multi-Fuel Generators Market Opportunity Assessment, By End User, 2022 & 2032F |
10 Armenia Multi-Fuel Generators Market - Competitive Landscape |
10.1 Armenia Multi-Fuel Generators Market Revenue Share, By Companies, 2025 |
10.2 Armenia Multi-Fuel Generators 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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