| Product Code: ETC6895438 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Cyprus continues to see significant import shipments of gensets/generators in 2024, with top exporting countries being Italy, Romania, Netherlands, Spain, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stands impressively at 33.17%, showing robust expansion. Moreover, the growth rate from 2023 to 2024 is at a notable 31.25%, reflecting sustained momentum in the sector. This data suggests a strong demand for gensets/generators in Cyprus and highlights the key players in the market.

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 Cyprus Genset/Generator Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Genset/Generator Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Genset/Generator Market - Industry Life Cycle |
3.4 Cyprus Genset/Generator Market - Porter's Five Forces |
3.5 Cyprus Genset/Generator Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Cyprus Genset/Generator Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.7 Cyprus Genset/Generator Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Cyprus Genset/Generator Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Cyprus Genset/Generator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable power supply due to frequent power outages in Cyprus |
4.2.2 Growing construction and infrastructure development projects in the region |
4.2.3 Rising adoption of gensets in the industrial sector for backup power solutions |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with genset/generator purchase and installation |
4.3.2 Stringent emission regulations and environmental concerns impacting genset adoption |
4.3.3 Competition from alternative power sources such as solar energy and battery storage systems |
5 Cyprus Genset/Generator Market Trends |
6 Cyprus Genset/Generator Market, By Types |
6.1 Cyprus Genset/Generator Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Genset/Generator Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Cyprus Genset/Generator Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.4 Cyprus Genset/Generator Market Revenues & Volume, By Gas, 2021- 2031F |
6.1.5 Cyprus Genset/Generator Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Cyprus Genset/Generator Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Genset/Generator Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Cyprus Genset/Generator Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Cyprus Genset/Generator Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Cyprus Genset/Generator Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Cyprus Genset/Generator Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Genset/Generator Market Revenues & Volume, By Stationary, 2021- 2031F |
6.3.3 Cyprus Genset/Generator Market Revenues & Volume, By Portable, 2021- 2031F |
6.4 Cyprus Genset/Generator Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Genset/Generator Market Revenues & Volume, By 0-100 kVA, 2021- 2031F |
6.4.3 Cyprus Genset/Generator Market Revenues & Volume, By 100-350 kVA, 2021- 2031F |
6.4.4 Cyprus Genset/Generator Market Revenues & Volume, By 350-1000 kVA, 2021- 2031F |
6.4.5 Cyprus Genset/Generator Market Revenues & Volume, By Above 1000 kVA, 2021- 2031F |
7 Cyprus Genset/Generator Market Import-Export Trade Statistics |
7.1 Cyprus Genset/Generator Market Export to Major Countries |
7.2 Cyprus Genset/Generator Market Imports from Major Countries |
8 Cyprus Genset/Generator Market Key Performance Indicators |
8.1 Average number of power outages per month in Cyprus |
8.2 Percentage increase in construction permits issued in Cyprus |
8.3 Adoption rate of gensets in different industrial sectors |
8.4 Average age of gensets in operation |
8.5 Government subsidies or incentives for genset installations |
9 Cyprus Genset/Generator Market - Opportunity Assessment |
9.1 Cyprus Genset/Generator Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Cyprus Genset/Generator Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.3 Cyprus Genset/Generator Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Cyprus Genset/Generator Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Cyprus Genset/Generator Market - Competitive Landscape |
10.1 Cyprus Genset/Generator Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Genset/Generator 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.
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